TTMI

TTM Technologies (TTMI) reported Q3 2026 non-GAAP EPS of $1.46, up 117.9% YoY, and revenues of $1.2B, up 59.9% YoY, both beating estimates. Strong AI-related demand drove Data Center and Networking sales up 115%. The company guides for 2027 revenues of $6.5B-$6.75B and EPS of $8.10-$8.90, with a $400M capacity expansion planned for 2028.

TTM Technologies stock fell 21.3% this week despite posting record Q3 revenue of $1.20 billion and beating earnings estimates. The sell-off was triggered by supply chain bottlenecks extending component lead times to 24 weeks, causing the data center division to miss targets by 10%, combined with rising debt from recent acquisitions adding $20 million quarterly in interest expenses.

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.

TTM Technologies (TTMI) is well-positioned to capitalize on rising defense spending with A&D revenues surging 14.2% to $382.8 million in Q2 2026 and a backlog of $1.7 billion. The company's Syracuse Ultra-HDI facility is ramping up production in Q3 2026, and management anticipates low-to-mid-teens A&D revenue growth in 2026. TTMI faces competition from Curtiss-Wright and Mercury Systems in the aerospace and defense market.

TTM Technologies' shares have fallen 11.3% over three months due to concerns about rising debt from the $1.1B Epiq Solutions acquisition and high valuation. However, strong AI data center demand (91% Q2 sales growth) and expanding defense opportunities support a hold rating. The company raised its 2026 outlook to $4.4B in sales and nearly $5 EPS, but faces challenges from customer concentration, high capital expenditures, and elevated valuation multiples.

TTM Technologies has completed its $1.1 billion acquisition of Epiq Solutions, expanding its defense, intelligence, and space technology capabilities. The deal adds software-defined radios, RF systems, and radiation-tolerant computing to TTMI's portfolio, enabling more integrated solutions across land, air, sea, and space applications. While the acquisition is expected to immediately strengthen adjusted EBITDA, it will be moderately dilutive to EPS in 2027 before becoming accretive in 2028.

Honeywell Technologies (HON) reported Q3 adjusted EPS of $2.27, beating estimates of $2.17, with 34% year-over-year growth. Organic sales grew 7% across all segments. The company raised its 2026 adjusted EPS guidance to $8.40-$8.45 and free cash flow expectations to $2.1 billion, driven by strength in building automation, industrial measurement, and process automation projects.

Roper Technologies reported Q3 2026 adjusted EPS of $5.89, beating estimates by 1.7% with 15% year-over-year growth. Organic revenues grew 7%, driven by strong performance across all three segments, particularly Technology Enabled Products which grew 10%. The company raised its 2026 adjusted EPS outlook to $22.35-$22.40 and expects revenue growth above 8%.