TTMI

TTM Technologies reported record Q3 2026 revenue of $1.2 billion with adjusted EBITDA margin reaching 20.1%. The company is investing $400 million in capacity expansion to support AI data center demand and acquiring Epiq Solutions and MKS Inc.'s Ophir division to strengthen aerospace and defense capabilities. Management provided 2027 guidance of $6.5-6.75 billion in net sales, supported by a $2 billion defense backlog.

TTM Technologies reported quarterly earnings of $1.46 per share, beating consensus estimates of $1.25 and representing a 16.80% earnings surprise. Revenue reached $1.2 billion, surpassing estimates by 6.61%.

The company has outperformed the market by 48% year-to-date versus the S&P 500's 13.3% gain. However, the stock received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market.

TTM Technologies is expected to report Q3 2026 results on Oct. 22 with 50% revenue growth and 86.57% EPS growth, driven by robust AI data center demand (49% of sales) and a strong $1.7B defense backlog. However, the stock's 38.69x P/E valuation, supply constraints, and production risks warrant a hold rating despite strong growth prospects.