# TTM Technologies (TTMI.US)

Canonical: https://gigainvestors.com/s/TTMI

Analysis as of: 2026-10-16T07:32:35.709Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $101.36 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Matthew McLennan](https://gigainvestors.com/FE): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Stephen Mandel](https://gigainvestors.com/LPC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Lee Ainslie](https://gigainvestors.com/mc): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Daniel Loeb](https://gigainvestors.com/tp): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 46% since Jun 2026 · "TTM Technologies Beats Q2 Earnings Estimates, Shares Fall on Weak View" (finance.yahoo.com, Aug 2025)

Story as of 2026-10-16T09:59:44.206Z; price observation 2026-10-15.

- 2025-05-14: TTMI Q1 Earnings Call: Aerospace, Defense, and AI Demand Drive Outperformance, Tariff Risks Monitored ([finance.yahoo.com](https://finance.yahoo.com/news/ttmi-q1-earnings-call-aerospace-141533274.html))

- 2025-07-30: TTM Technologies (NASDAQ:TTMI) Surges After Q2 2025 Earnings Beat and Strong Guidance ([chartmill.com](https://www.chartmill.com/news/TTMI/Chartmill-31948-TTM-Technologies-NASDAQTTMI-Surges-After-Q2-2025-Earnings-Beat-and-Strong-Guidance))

- 2025-10-30: Why TTM Technologies (TTMI) Is Up 14.1% After Beating Q3 Estimates and Lifting Guidance ([finance.yahoo.com](https://finance.yahoo.com/news/why-ttm-technologies-ttmi-14-171543505.html))

- 2026-02-27: TTM Technologies (TTMI) Is Up 7.1% After AI-Fueled Beat And 2026 Outlook Upgrade ([finance.yahoo.com](https://finance.yahoo.com/news/ttm-technologies-ttmi-7-1-051315092.html))

- 2026-04-27: TTMI's RF and Mission Systems Shift Boosts Margins: What's Ahead? ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/ttmis-rf-mission-systems-shift-150200252.html))

- 2026-05-01: TTM Technologies (TTMI) Is Up 19.0% After Record AI and Defense-Driven First-Quarter Results ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/ttm-technologies-ttmi-19-0-112445020.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in electronic components; annual sales are USD 2.9 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1116942/000119312526051976/ttmi-20251229.htm (filed 2026-02-17); FY2025: revenue 2906345000; grossProfit 568253000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); TTMI.US: TTM Technologies, Inc. manufactures and sells mission systems, radio frequency (RF) components, RF microwave/microelectronic assemblies, and printed circuit boards (PCBs) and substrates in the United States, Taiwan, and internationally. It operates in three segments, A&D, Commercial, and RF&S Components. The company offers various engineered systems and RF and microwave assemblies; PCBs and IC substrates, custom assemblies and integrated systems, passive and advanced ceramic RF components, hi-reliability multi-chip modules, and beamforming and switching networks; and design-for-manufacturability, PCB layout design, simulation and testing, quick turnaround (QTA) production, and specialized RF assembly and testing. It also provides multi-mode surveillance and weather avoidance radar systems for fixed- and rotary-wing aircraft, Unmanned Aerial Vehicles, and shipboard platforms; AN/APS-153 multi-mode radar; communications suite within the MH-60R/S multi-mission helicopters; and supports maritime surveillance, counter UAS, and advanced air mobility end markets under MOSAIC brand. In addition, the company offers identification friend; monopulse secondary surveillance radars, and air traffic control systems; wired and wireless communication systems; designs, produces, and tests specialized multi-chip RF modules and components; and manufactures off-the-shelf surface mount microwave components. Further, it provides thick-film ceramic substrates, custom designed application specific integrated circuits, and conventional PCBs; custom electronic assemblies; QTA services; and thermal management. The company serves original equipment manufacturers, electronic manufacturing services providers, original design manufacturers, distributors, and government agencies; and aerospace and defense, data center computing, automotive, medical, industrial, instrumentation, and networking markets. TTM Technologies, Inc. was incorporated in 1978 and is headquartered in Santa Ana, California.

### Where the cash goes

Spends 81.9% of cash earnings on expansion; paid no dividends in 2 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-17); FY2024: growth capex 0; upkeep 185739000; cash acquisitions 0; owner earnings 20685000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/1116942/000119312526051976/ttmi-20251229.htm (filed 2026-02-17); FY2025: growth capex 145394000; upkeep 147171000; owner earnings 177448000. Growth capex / owner earnings = 0.8193611649610026.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-17); Dividend observations: [[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1116942/000119312526051976/ttmi-20251229.htm (filed 2026-02-17); FY2025: cash repurchases 17875000 USD.

### Are managers owners

Insiders own 1.8% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); TTMI.US SharesStats.PercentInsiders = 1.804 percentage points; cache date 2026-10-16.

### What the price says

The price is 3.7 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-17); Closing price 101.36 USD; reporting-to-trading FX 1; FY2025 annual sales per share 27.56057200838288; price multiple 3.6777175731029867. FY2025 cash earnings/share 1.6827212122936284. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $13.15 per share

- 2016-11: $13.57 per share

- 2016-12: $13.63 per share

- 2017-01: $14.83 per share

- 2017-02: $16.16 per share

- 2017-03: $16.13 per share

- 2017-04: $16.73 per share

- 2017-05: $16.24 per share

- 2017-06: $17.36 per share

- 2017-07: $17.38 per share

- 2017-08: $14.24 per share

- 2017-09: $15.37 per share

- 2017-10: $15.78 per share

- 2017-11: $16.33 per share

- 2017-12: $15.67 per share

- 2018-01: $16.49 per share

- 2018-02: $16.16 per share

- 2018-03: $15.29 per share

- 2018-04: $13.94 per share

- 2018-05: $18.03 per share

- 2018-06: $17.63 per share

- 2018-07: $17.36 per share

- 2018-08: $18.70 per share

- 2018-09: $15.91 per share

- 2018-10: $11.70 per share

- 2018-11: $11.89 per share

- 2018-12: $9.73 per share

- 2019-01: $11.48 per share

- 2019-02: $12.12 per share

- 2019-03: $11.73 per share

- 2019-04: $13.24 per share

- 2019-05: $8.53 per share

- 2019-06: $10.20 per share

- 2019-07: $10.46 per share

- 2019-08: $10.66 per share

- 2019-09: $12.20 per share

- 2019-10: $11.71 per share

- 2019-11: $13.41 per share

- 2019-12: $15.05 per share

- 2020-01: $14.39 per share

- 2020-02: $12.99 per share

- 2020-03: $10.34 per share

- 2020-04: $11.59 per share

- 2020-05: $11.57 per share

- 2020-06: $11.86 per share

- 2020-07: $12.31 per share

- 2020-08: $11.46 per share

- 2020-09: $11.41 per share

- 2020-10: $11.87 per share

- 2020-11: $13.06 per share

- 2020-12: $13.80 per share

- 2021-01: $13.41 per share

- 2021-02: $14.12 per share

- 2021-03: $14.50 per share

- 2021-04: $15.00 per share

- 2021-05: $15.15 per share

- 2021-06: $14.30 per share

- 2021-07: $13.99 per share

- 2021-08: $14.00 per share

- 2021-09: $12.57 per share

- 2021-10: $13.24 per share

- 2021-11: $13.78 per share

- 2021-12: $14.90 per share

- 2022-01: $13.46 per share

- 2022-02: $12.57 per share

- 2022-03: $14.82 per share

- 2022-04: $13.95 per share

- 2022-05: $14.29 per share

- 2022-06: $12.50 per share

- 2022-07: $13.53 per share

- 2022-08: $15.73 per share

- 2022-09: $13.18 per share

- 2022-10: $15.31 per share

- 2022-11: $16.07 per share

- 2022-12: $15.08 per share

- 2023-01: $15.72 per share

- 2023-02: $13.29 per share

- 2023-03: $13.49 per share

- 2023-04: $11.81 per share

- 2023-05: $13.70 per share

- 2023-06: $13.90 per share

- 2023-07: $14.36 per share

- 2023-08: $14.90 per share

- 2023-09: $12.88 per share

- 2023-10: $11.49 per share

- 2023-11: $15.01 per share

- 2023-12: $15.81 per share

- 2024-01: $13.91 per share

- 2024-02: $14.85 per share

- 2024-03: $15.65 per share

- 2024-04: $14.93 per share

- 2024-05: $18.60 per share

- 2024-06: $19.43 per share

- 2024-07: $19.38 per share

- 2024-08: $19.45 per share

- 2024-09: $18.25 per share

- 2024-10: $22.44 per share

- 2024-11: $24.38 per share

- 2024-12: $24.75 per share

- 2025-01: $24.59 per share

- 2025-02: $24.11 per share

- 2025-03: $20.51 per share

- 2025-04: $20.02 per share

- 2025-05: $29.86 per share

- 2025-06: $40.82 per share

- 2025-07: $47.25 per share

- 2025-08: $44.57 per share

- 2025-09: $57.60 per share

- 2025-10: $67.20 per share

- 2025-11: $70.18 per share

- 2025-12: $69.00 per share

- 2026-01: $98.20 per share

- 2026-02: $104.24 per share

- 2026-03: $97.42 per share

- 2026-04: $158.22 per share

- 2026-05: $173.72 per share

- 2026-06: $187.02 per share

- 2026-07: $115.44 per share

- 2026-08: $118.92 per share

- 2026-09: $122.84 per share

- 2026-10: $101.36 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1116942/000119312526051976/ttmi-20251229.htm); period 2025-12-29, filed 2026-02-17.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.