TTM Technologies, Inc. (TTMI) Up 7.7% — Time to Strike?
TTM Technologies, Inc. (TTMI) is staging a sharp recovery this Friday, currently trading at $79.56 on the NASDAQ, a $5.67 gain over the prior close of $73.89. The bounce gives the stock some breathing room after a punishing stretch. TTMI still trades roughly 64.5% below its 52-week high of $223.83, set on June 22, 2026. That gap is wide, and it gives buyers a considerable runway if the company's growth story continues to play out.
Volume has already reached about 5.26 million shares, compared with a 90-day average of roughly 2.94 million. With the session still open, turnover is running at nearly 1.8 times a normal full day.
Why TTM Technologies, Inc. Price is Moving Higher
Friday's gain is a stock-specific rebound after Thursday's sharp earnings-related selloff. The broader market offered no lift. At 1:27 p.m. ET, the Nasdaq was down 0.11% and the S&P 500 was down 0.48%, while technology stocks were up just 0.36%. The divergence shows up among TTMI's peers as well. Corning Incorporated (GLW) rose a modest 0.93%, and Western Digital Corporation (WDC) fell 2.66%. With the market essentially flat, TTMI's 7.67% advance reflects investors taking a second look at the October 22 quarterly report and deciding the numbers deserved better than Thursday's reaction.
The results themselves were strong. TTM posted adjusted EPS of $1.46 against a $1.25 consensus estimate, and revenue of $1.204 billion beat the $1.130 billion expected. Revenue climbed 60% year over year. Adjusted EBITDA margin widened to 20.1% from 16.1%, and net income rose to $84.8 million from $53.1 million. Management raised its 2026 outlook to revenue of $4.47 billion to $4.49 billion and adjusted EPS of $4.97 to $5.03. It also introduced a 2027 revenue forecast of $6.5 billion to $6.75 billion, which would represent a substantial step up from this year's guided range.
Thursday's selloff came from the near-term details. Q4 revenue guidance of $1.42 billion to $1.44 billion was roughly in line with the $1.433 billion consensus rather than above it. Management also said Data Center & Networking sales had run about 10% below its prior outlook because of customer project timing. Analysts trimmed their targets afterward but kept their conviction. Needham cut its price target from $175 to $150, and Stifel lowered its target from $205 to $165, with both firms retaining Buy ratings. Even the reduced targets sit well above Friday's trading level, and buyers are betting that a timing issue in one segment does not undercut a company that just delivered 60% top-line growth and expanded margins.
What is the TTM Technologies, Inc. Rating - Should I Buy?
Weiss Ratings assigns TTMI a C+ rating. Current recommendation is Hold. The C+ sits at the upper end of the Hold range. It reflects a business whose fundamentals are clearly strengthening, held back by a share price that has given investors a rough ride over the past several months.
The fundamental case is compelling. The Excellent rating on the Growth Index is supported by 37.42% revenue growth. Last quarter's 60% year-over-year increase shows that pace is accelerating rather than fading as AI-driven data center demand and defense spending flow through TTM's order book. The Solvency Index is also rated Excellent, which indicates the balance sheet can fund the capacity expansion needed to reach a $6.5 billion-plus revenue target for 2027 without straining the company. The Efficiency Index is rated Good rather than Excellent. TTM's 13.26% ROE and 7.01% profit margin are solid for a printed circuit board manufacturer running capital-heavy fabrication plants, but they are not yet at elite levels. The jump in adjusted EBITDA margin to 20.1% suggests that profitability is moving in the right direction.
Where the picture becomes more nuanced is in the market-based measures. TTMI is rated Fair on the Total Return Index, which reflects a stock that has fallen roughly 64.5% from its June peak despite the operating momentum underneath it. The Weak Volatility Index rating captures the swings shareholders have absorbed. This week alone brought an earnings-driven selloff on Thursday, triggered by in-line fourth-quarter guidance and Data Center & Networking timing, followed by a 7.67% rebound on Friday. Those price-based ratings are what keep the overall grade at C+ rather than in Buy territory. For investors who believe the earnings trajectory will eventually show up in the share price, that gap is the opportunity.
Within the Information Technology sector, TTM sits alongside Sandisk Corporation (SNDK, C+) and Corning Incorporated (GLW, C+), and ahead of Ciena Corporation (CIEN, C) and Keyence Corporation (KYCCF, C). That positioning places TTM among the better-rated names in its hardware peer group.
About TTM Technologies, Inc.
TTM Technologies, Inc. (TTMI) is an Information Technology company and one of the largest printed circuit board manufacturers in the world. TTM builds the interconnect foundation that sits inside servers, networking gear, defense systems, and industrial electronics. Its portfolio includes conventional multilayer printed circuit boards, high-density interconnect boards, flexible and rigid-flex circuits, and the complex high-layer-count boards that next-generation AI and networking hardware require.
The company serves several demanding end markets. Data Center & Networking has become a major growth engine as hyperscalers and equipment makers build out AI infrastructure that calls for increasingly advanced board technology. Aerospace and defense is a long-standing pillar of the business. In that market, TTM supplies radio frequency components, microwave assemblies, antennas, and mission-critical subsystems in addition to circuit boards. TTM also serves medical, industrial, instrumentation, and automotive customers, which diversifies its revenue beyond any single technology cycle.
TTM's competitive advantages come from scale, engineering depth, and a manufacturing footprint spanning North America and Asia. Its domestic facilities hold a strategic position in the defense supply chain, where security requirements and trusted-supplier status create high barriers to entry. Its Asian operations, including newer capacity in Malaysia, give customers geographic flexibility as supply chains diversify. That combination of advanced process capability and a broad, multi-region production base is difficult for smaller board makers to replicate.
Investor Outlook
TTM Technologies, Inc. (TTMI) carries a Weiss Rating of C+ (Hold). Friday's rebound suggests investors are refocusing on the raised 2026 guidance and a 2027 revenue outlook of $6.5 billion to $6.75 billion. Investors should watch whether Q4 revenue reaches the top of the $1.42 billion to $1.44 billion range and whether the Data Center & Networking project delays reverse in the coming quarters, since those are the clearest signals that the stock can begin closing its gap to the $223.83 high. See full rankings of all C+ rated Information Technology stocks inside the Weiss Stock Screener.
--