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Stock research / United States / TTMI · Printed Circuit Boards · Nasdaq

TTM Technologies Inc. (TTMI)

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TTM Technologies Inc. (TTMI) reported revenue of $1.0 billion for Q2 FY2026, the quarter ended 29 June 2026, up 37.4% on the same quarter a year earlier. Net income was $83 million, up 100.0% on the year, and diluted earnings per share $0.77. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$1.0 billionup 37.4%
Net income$83 millionup 100.0%
Diluted EPS$0.77
QuarterQ2 FY2026ended 29 June 2026

TTM Technologies (TTMI) in brief

TTM Technologies (TTMI) reported revenue of $2.9 billion for fiscal 2025, the year ended 29 December 2025, up 19.0% on the year before.
Read moreNet income was $177 million and diluted earnings per share $1.68. Revenue was $2.4 billion in fiscal 2024, $2.2 billion in fiscal 2023, $2.5 billion in fiscal 2022 and $2.2 billion in fiscal 2021. Net income in the same years was $56 million, a loss of $19 million, $95 million and $54 million. Over the twelve months to 29 June 2026, TTM Technologies reported revenue of $3.4 billion and net income of $237 million. Revenue grew 6.7% a year, compounded, over the five years to fiscal 2025. TTM Technologies had 105 million shares outstanding at the latest filed count. At 29 June 2026 it carried $973 million of debt and $508 million of cash. At the close of 8 October 2026 the market cap of TTM Technologies was $12.4 billion, 52.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE12.2%
ROCE11.5%
Operating margin9.9%
Net margin7.0%
FCF margin-0.4%
Interest cover7.62
Debt to equity0.50
Cash conversion1.36
Share count, 1 year2.0%
Sales CAGR, 3 years5.2%
Profit CAGR, 3 years23.3%
EPS, TTM$2.22

At the close of 8 October 2026

Price$117.50
Market cap$12.4 billion
Stock P/E52.93
Price to book6.40
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales3.67
52-week high$221.47
52-week low$53.58
Price, 1 year100.8%
Price CAGR, 3 years109.2%
Price CAGR, 5 years54.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as TTM Technologies Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
TTMIgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on TTMI

Filings26 in twelve months: 17 current reports (8-K), about 8 regulation fd disclosure; 5 results of operations; 4 material agreement; 3 new financial obligation; 3 other events
Planned insider sales52 Form 144 notices in twelve months, $64.8 million; latest 11 September 2026
Options tapeput/call 0.52 by open interest at the 8 October 2026 close; the straddle prices a 9.1% move to 16 October 2026
13F holders11 of the followed funds hold it; largest Whale Rock Capital Management; 7 Schedule 13D or 13G filings in twelve months
Insider trading255 sales and 2 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.4 million shares short, 2.03 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q2 FY2023Q3 FY2023Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue5475735706056176516497317537748461,004
Cost of revenue448459466488487524518583596608665792
Gross profit98.5113104117130127131148157166181212
Gross margin18%20%18%19%21%19%20%20%21%21%21%21%
R&D6.46.27.38.58.17.98.17.07.06.97.88.0
Operating income21.4-10.217.139.051.09.050.361.871.980.772.4109
Operating margin4%-2%3%6%8%1%8%8%10%10%9%11%
Interest expense11.810.112.312.211.811.211.511.110.412.410.610.5
Pre-tax income13.4-17.314.130.525.014.341.045.561.862.058.581.2
Tax rate49%n/a26%14%43%64%21%9%14%18%15%-2%
Net income6.8-37.110.526.414.35.232.241.553.150.750.083.0
Net margin1%-6%2%4%2%1%5%6%7%7%6%8%
Diluted EPS$0.07-$0.36$0.10$0.25$0.14$0.05$0.31$0.40$0.50$0.48$0.47$0.77
Operating cash flow25.958.943.941.965.186.1-10.797.814262.921.796.4
Capital expenditure49.533.749.339.540.956.063.360.499.569.410762.4
Free cash flow-23.625.2-5.42.424.230.0-74.037.442.4-6.5-85.134.1
Buybacks0.014.69.325.10.00.017.90.00.00.00.00.0
Shares outstanding104m103m102m102m102m102m102m103m103m103m104m105m
Filing10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Revenue1,3262,0952,5332,6592,2382,1332,1052,2492,4952,2332,4432,9063,377
Cost of revenue1,1311,7852,1102,2291,8351,7561,7461,8772,0371,8191,9652,3052,661
Gross profit195310424430403377359372458413477602716
Gross margin14.7%14.8%16.7%16.2%18.0%17.7%17.1%16.5%18.4%18.5%19.5%20.7%21.2%
Research and developmentn/an/an/an/a13.717.919.818.124.827.331.829.029.7
Operating income46.561.317321311911028.112621042.3116265334
Operating margin3.5%2.9%6.8%8.0%5.3%5.1%1.3%5.6%8.4%1.9%4.8%9.1%9.9%
Interest expense23.859.876.053.975.882.173.245.545.548.147.545.343.9
Pre-tax income22.39.067.014047.234.3-46.370.11830.383.9210264
Income tax7.634.631.415.2-88.22.4-29.915.688.319.027.632.926.8
Effective tax rate34.1%385.4%46.9%10.9%-186.9%7.0%n/a22.3%48.3%6402.4%32.9%15.6%10.2%
Net income14.7-25.934.912417441.317854.494.6-18.756.3177237
Net margin1.1%-1.2%1.4%4.7%7.8%1.9%8.4%2.4%3.8%-0.8%2.3%6.1%7.0%
Diluted EPS$0.18-$0.28$0.34$1.04$1.38$0.39$1.67$0.50$0.91-$0.18$0.54$1.68$2.22
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2024FY2024FY2025Share
latest year
Commercial1,1651,2761,58654.3%
A&D1,0461,1401,29344.3%
RF&S Components38.637.340.01.4%
CommercialA&DRF&S Components
2,249FY20242,453FY20242,918FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2024FY2024FY2025Share
latest year
Aerospace and Defense1,0311,1311,28244.1%
Data Center Computing31350168323.5%
Medical/Industrial/Instrumentation36133540914.1%
Automotive35131530210.4%
Networking1761602307.9%
Aerospace and DefenseData Center ComputingMedical/Industrial/InstrumentationAutomotiveNetworking
2,233FY20242,443FY20242,906FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2024FY2024FY2025Share
latest year
United States1,2631,2321,55453.5%
Other7929361,09537.7%
Taiwan1772742578.8%
United StatesOtherTaiwan
2,233FY20242,443FY20242,906FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow130237298333273312287177273187237292323
Capital expenditure11099.985.115115014310382.0103160186293338
Free cash flow20.213821318112316918494.717027.051.2-0.7-15.1
Free cash flow margin1.5%6.6%8.4%6.8%5.5%7.9%8.7%4.2%6.8%1.2%2.1%-0.0%-0.4%
Cash from investingn/an/a-78.0-124-746-136404-84.1-395-92.0-146-274-308
Cash from financingn/an/a-217-59.0321-31.8-642-7.2-11.3-47.7-36.8-20.944.4
Depreciation and amortisation104152180174148139138122128161150147n/a
Share-based compensation7.89.711.118.320.716.816.117.719.522.929.841.761.3
Buybacksn/an/an/an/an/an/an/a64.735.424.434.517.90.0
Diluted shares, weighted84m93m101m132m134m106m106m108m104m103m104m105m108m
Shares outstanding at period end83m99m100m100m104m106m107m104m102m102m102m103m105m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity7158198211,0111,2271,2791,4441,4551,5361,5111,5641,7621,934
Non-controlling interestn/a7.68.3n/an/an/an/an/an/an/an/an/an/a
Debt5031,1711,0209751,4621,2268430.0929918918916973
Operating lease liabilitiesn/an/an/an/an/a15.417.215.312.280.877.587.5105
Finance lease liabilitiesn/an/an/an/an/an/an/a14.313.612.812.015.815.2
Other liabilities3836436517957681,0415921,5418338019011,0591,388
Total liabilities and equity1,6012,6402,5002,7823,4583,5612,8963,0263,3243,3243,4723,8404,416
Owned
Fixed assets7551,1039671,0571,0526786506667248088701,0111,188
Goodwill12.1347373373699707637637760703670670670
Intangible assets19.2151127103376326281240288237192155136
Cash and equivalents279259256409256380452538403450504501508
Receivables313456433484523504381386473414449564720
Inventory145269269295109114116128171213225250308
Other assets78.155.275.961.7442853379431504500563690885
Total assets1,6012,6402,5002,7823,4583,5612,8963,0263,3243,3243,4723,8404,416
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded3.3%6.7%5.2%27.6%
Profit growth, compoundedn/a-0.0%23.3%154.1%
Return on equity, average6.9%4.5%4.1%10.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Electronic Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Flex Ltd. FLEX$42.4 billion44.3017.7%5.0%12.2%0.95n/a
Jabil Inc. JBL$31.4 billion37.3565.2%4.3%17.8%2.550.1%
Sitime Corp. SITM$17.1 billion1,316.451.4%-3.9%83.0%1.29n/a
Amkor Technology, Inc. AMKR$12.6 billion22.8711.9%8.6%17.9%0.540.7%
Vicor Corp. VICR$12.5 billion84.0817.4%18.6%11.7%0.00n/a
TTM Technologies Inc. TTMI$12.4 billion52.9312.2%9.9%27.6%0.50n/a
Skyworks Solutions, Inc. SWKS$12.2 billion41.625.1%7.6%0.1%0.093.5%
Rambus Inc. RMBS$11.8 billion49.7616.3%35.5%17.2%0.00n/a
Nextpower Inc. NXT$11.6 billion22.0923.2%19.3%17.0%0.00n/a
Advanced Energy Industries Inc. AEIS$11.4 billion52.9315.1%13.2%24.6%0.870.0%
Sanmina Corp. SANM$11.3 billion37.6511.2%4.2%58.6%0.79n/a
Viavi Solutions Inc. VIAV$10.9 billionn/a-2.1%6.9%40.0%0.27n/a
All 55 in Electronic Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NVIDIA Corp. NVDA$5.55 trillion29.1484.2%65.2%83.4%0.150.0%
Taiwan Semiconductor Manufacturing Company Limited TSM *$2.38 trillion44.7831.7%50.8%31.6%0.190.6%
Broadcom Inc. AVGO$1.72 trillion45.9938.4%48.0%48.7%0.610.7%
Micron Technology Inc. MU$1.17 trillion23.4550.1%65.6%167.0%0.050.0%
Advanced Micro Devices Inc. AMD$1.01 trillion159.569.6%15.7%39.5%0.05n/a
Intel Corp. INTC$540.0 billionn/a-12.9%-0.1%7.5%0.550.4%
Applied Materials Inc. AMAT$404.4 billion43.9336.2%29.6%7.8%0.200.4%
Arm Holdings plc ARM *$313.2 billion346.3210.9%18.3%22.8%0.00n/a
Texas Instruments Inc. TXN$263.2 billion43.8733.6%37.3%16.7%0.781.9%
Marvell Technology, Inc. MRVL$240.8 billion90.6514.2%16.5%30.6%0.270.1%
Analog Devices Inc. ADI$196.7 billion48.1512.3%35.5%33.6%0.201.0%
Qualcomm Inc. QCOM$186.0 billion20.3733.5%23.2%1.9%0.462.0%
Amphenol Corp. APH$105.2 billion21.3833.2%27.0%54.2%1.111.1%
ASE Technology Holding Co., Ltd. ASX *$100.6 billion82.7911.7%8.0%8.4%0.740.7%
Vertiv Holdings Co. VRT$93.8 billion55.1436.4%18.9%26.2%0.62n/a
Lumentum Holdings Inc. LITE$92.9 billionn/a-149.3%17.4%83.2%0.35n/a
Motorola Solutions, Inc. MSI$74.0 billion35.2179.9%24.9%10.3%3.151.0%
Northrop Grumman Corp. NOC$68.8 billion15.4125.1%10.7%5.9%0.811.9%
Monolithic Power Systems, Inc. MPWR$67.3 billionn/an/a28.7%28.7%0.000.5%
Ciena Corp. CIEN$60.4 billion95.0721.4%12.3%32.6%1.06n/a
NXP Semiconductors N.V. NXPI$58.3 billion19.7226.1%32.0%8.8%0.881.8%
United Microelectronics Corporation UMC *$57.5 billion44.6811.0%18.5%2.3%0.17n/a
Nokia Corporation NOK *$56.6 billion75.053.1%4.4%3.5%0.161.5%
Garmin Ltd. GRMN$51.8 billion27.6720.8%27.6%13.5%0.000.5%
STMicroelectronics N.V. STM *$46.8 billion292.830.9%1.5%-11.1%0.120.7%
L3Harris Technologies, Inc. LHX$44.1 billion23.939.4%10.1%7.3%0.462.0%
Flex Ltd. FLEX$42.4 billion44.3017.7%5.0%12.2%0.95n/a
Microchip Technology Inc. MCHP$41.0 billion111.067.4%15.5%20.9%0.832.4%
Telefonaktiebolaget LM Ericsson ERIC *$32.0 billion11.2426.0%16.3%-4.5%0.303.0%
Jabil Inc. JBL$31.4 billion37.3565.2%4.3%17.8%2.550.1%
ON Semiconductor Corp. ON$30.9 billion50.908.7%10.8%-3.1%0.62n/a
Teledyne Technologies Inc. TDY$28.0 billion29.208.9%19.4%7.9%0.19n/a
Qnity Electronics, Inc. Q$27.1 billion46.338.1%n/an/a0.550.1%
Hubbell Inc. HUBB$25.1 billion28.1523.1%20.0%10.6%1.231.1%
Macom Technology Solutions Holdings, Inc. MTSI$24.6 billion103.6015.6%18.1%28.4%0.22n/a
First Solar, Inc. FSLR$19.2 billion11.0316.9%33.6%23.8%0.00n/a
Semtech Corp. SMTC$17.5 billion124.1720.6%8.0%17.8%0.47n/a
Fabrinet FN$17.5 billion37.3419.3%10.0%35.7%0.00n/a
Lattice Semiconductor Corp. LSCC$17.1 billion480.694.6%7.4%33.3%0.00n/a
Sitime Corp. SITM$17.1 billion1,316.451.4%-3.9%83.0%1.29n/a
Amkor Technology, Inc. AMKR$12.6 billion22.8711.9%8.6%17.9%0.540.7%
Vicor Corp. VICR$12.5 billion84.0817.4%18.6%11.7%0.00n/a
TTM Technologies Inc. TTMI$12.4 billion52.9312.2%9.9%27.6%0.50n/a
Skyworks Solutions, Inc. SWKS$12.2 billion41.625.1%7.6%0.1%0.093.5%
Rambus Inc. RMBS$11.8 billion49.7616.3%35.5%17.2%0.00n/a
Nextpower Inc. NXT$11.6 billion22.0923.2%19.3%17.0%0.00n/a
Advanced Energy Industries Inc. AEIS$11.4 billion52.9315.1%13.2%24.6%0.870.0%
Sanmina Corp. SANM$11.3 billion37.6511.2%4.2%58.6%0.79n/a
Viavi Solutions Inc. VIAV$10.9 billionn/a-2.1%6.9%40.0%0.27n/a
Silicon Laboratories Inc. SLAB$7.4 billionn/a-3.6%-5.1%21.7%0.00n/a
Allegro Microsystems, Inc. ALGM$6.8 billion604.501.5%4.9%24.2%0.29n/a
Cirrus Logic, Inc. CRUS$5.7 billion13.8619.7%23.0%6.2%0.00n/a
Synaptics Inc. SYNA$4.7 billionn/a-52.8%-5.6%11.4%0.90n/a
Universal Display Corp. \Pa\ OLED$3.4 billion17.6511.6%34.1%-8.3%n/a2.5%
IPG Photonics Corp. IPGP$3.3 billion119.601.3%0.7%13.0%0.00n/a
3 companies share its SEC industry code (Printed Circuit Boards); the rest are the names nearest in size in its wider industry, Electronic Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q29 June 20265 August 2026EDGAR
10-Q30 March 20261 May 2026EDGAR
10-K29 December 202517 February 2026EDGAR
10-Q29 September 202531 October 2025EDGAR
10-Q30 June 20254 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K30 December 202421 February 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-Q1 July 20246 August 2024EDGAR
10-Q1 April 20247 May 2024EDGAR

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