
TTM Technologies' Q3 earnings highlight surging AI-driven PCB demand, capacity expansion and defense growth on stronger revenue and margin targets in 2027.
TTM Technologies, Inc., manufactures and sells printed circuit boards (PCBs) worldwide. The company is headquartered in Santa Ana, California.
| Revenue (TTM) | $3.83B |
| Gross Profit (TTM) | $850.77M |
| EBITDA | $585.50M |
| Operating Margin | 13.50% |
| Return on Equity | 14.30% |
| Return on Assets | 5.73% |
| Revenue/Share (TTM) | $36.71 |
| Book Value | $19.38 |
| Price-to-Book | 3.21 |
| Price-to-Sales (TTM) | 1.83 |
| EV/Revenue | 1.944 |
| EV/EBITDA | 13.54 |
| Quarterly Earnings Growth (YoY) | 58.00% |
| Quarterly Revenue Growth (YoY) | 59.90% |
| Shares Outstanding | $105.38M |
| Float | $103.62M |
| % Insiders | 1.82% |
| % Institutions | 94.60% |
Volatility is currently contracting

TTM Technologies' Q3 earnings highlight surging AI-driven PCB demand, capacity expansion and defense growth on stronger revenue and margin targets in 2027.

TTM (TTMI) could produce exceptional returns because of its solid growth attributes.

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TTMI is the focus, with analysis centered on iTTM Technologies (TTMI) is rated Buy, driven by robust growth in AI boards and defense backlog, withts current positioning and outlook. N+M technology adoption in data centers is accelerating, expected to reach 50% of TTMI's Data Center and Networking business by 2027, supporting higher margins. Aerospace and Defense backlog reached $2 billion with a 1.6x book-to-bill, providing strong revenue visibility and supporting capacity expansion.

SANTA ANA, Calif., Oct. 27, 2026 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI), a leading global manufacturer of technology products, including mission systems, radio frequency (“RF”) components, RF microwave/microelectronic assemblies, and technologically advanced interconnect products, including printed circuit boards and substrates, today announced it has completed its existing authorized share repurchase program, which was previously announced on May 8, 2025 (the “2025 Share Repurchase Program”).

TTM Technologies maintains a Buy rating after a sharp sell-off, with 2027 EPS guidance raised to over 60% growth and shares trading under 10x PE. TTMI's next-generation N+M PCB drives both Commercial margin expansion and a 50% revenue growth outlook, supported by robust AI data center demand and a $2B defense backlog. 3Q26 saw Data Center & Networking up 115%, Aerospace & Defense up 21%, and a record book-to-bill of 2.1, with strong backlog momentum.

TTM Technologies is upgraded from Sell to Buy following a significant valuation correction and improved fundamentals. N+M boards have driven a material margin expansion, with adjusted operating margins up ~510 bps YoY to ~17.4% in Q3. TTMI now trades at ~10.9x forward EV/EBITDA, well below sector median, while 2027 revenue and EPS outlooks are up ~48% and ~70%.

LOS ANGELES--(BUSINESS WIRE)---- $TTMI--TTMI Investors with $100,000 in Losses Have Opportunity to Join TTM Technologies, Inc. Fraud Investigation with SBS Law.

TTM Technologies' Q3 earnings jump 117.9% and revenues rise 59.9%, fueled by AI demand and defense spending. See how orders and 2027 guidance stack up.

TTM Technologies shares plunged 21.3% this week despite posting record quarterly revenue and beating earnings estimates. Extended material wait times of up to 24 weeks and high debt costs from new acquisitions triggered sharp selling.
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