TTM Technologies Inc. – Recent Market Performance and Financial Update
Market Overview (24‑Hour Period Ending 09:32 PM CET, Friday 23 October 2026)
- Price movement: TTM traded down 27.67 % during the 24‑hour period.
- Current share price: USD 79.68 on major exchanges.
- Trading volume: USD 1.3 bn of TTM shares were exchanged.
- Shares outstanding: 105.3 million.
- Market capitalization: USD 10.8 bn.
- Year‑to‑month performance: Down 41.27 % since the end of the previous month.
- 200‑day simple moving average: USD 128.01.
- 52‑week range:
- Highest: USD 223.83 (22 June 2026).
- Lowest: USD 55.44 (21 November 2025).
Third‑Quarter 2026 Financial Results (Released 22 October 2026)
| Metric | Amount | YoY Change |
|---|---|---|
| Net sales | USD 1.2 bn | +60 % |
| GAAP net income | USD 84.8 m | Not provided |
| Non‑GAAP EPS | USD 1.46 | Not provided |
| Adjusted EBITDA | >20 % of sales | Not provided |
| Operating cash flow | Robust | Not provided |
- Acquisitions:
- Pending purchase of Ophir Optics.
- Completion of Swiss Technology Group and Epiq Solutions; these acquisitions are now incorporated into fourth‑quarter guidance.
Fourth‑Quarter 2026 Guidance (Projected)
- Net sales: ~USD 1.43 bn.
- Non‑GAAP EPS: USD 1.78 – 1.84.
- Full‑year sales estimate: ~USD 4.48 bn.
2027 Outlook
- Projected sales: USD 6.5 – 6.75 bn.
- Projected non‑GAAP EPS: USD 8.10 – 8.90.
Regulatory Notice
On 22 October 2026, a regulatory body issued a notice regarding a pending investigation into potential securities‑law violations. The investigation focuses on statements issued before the earnings announcement that may have impacted share pricing. The company has engaged a securities litigation firm to notify investors.
Peer Company Performance (24‑Hour Period)
| Company | Ticker | % Change | Current Price (USD) | Market Cap (USD bn) | P/E Ratio |
|---|---|---|---|---|---|
| Baxter | BAX | +3.85 % | 25.41 | 12.8 | – |
| Lennox | LII | +3.37 % | 378.41 | 12.7 | 16.15 |
| Mueller Industries | MLI | –5.23 % | 54.14 | 12.7 | 14.96 |
| Penumbra | PEN | +0.43 % | 325.00 | 12.7 | 79.47 |
| Erie Indemnity | ERIE | +5.19 % | 253.50 | 12.8 | 23.54 |
Additional Details for Selected Peers
Mueller Industries (MLI):
Fiscal year‑ending December 2026 results filed on 21 October 2026 (Form 10‑Q).
Operating income for the quarter ended 26 September 2026 exceeded the previous year’s nine‑month period.
Operating expenses increased modestly; depreciation and amortisation remained stable.
Interest expenses were low; operating cash flow remained positive after capital expenditures.
Long‑term debt is modest; equity base exceeds USD 3.5 bn.
Dividend payments and share repurchases reduced treasury holdings.
A two‑for‑one stock split effective June 2026 has been reflected in share counts and EPS figures.
Erie Indemnity (ERIE):
On 22 October 2026, multiple Form 4 reports were filed detailing additional shares acquired by senior executives under the Incentive Compensation Deferral Plan.
No other significant ownership changes were reported.
Company Profile – TTM Technologies Inc.
- Industry: Printed circuit board (PCB) manufacturing services.
- Business model: Provides timely PCB manufacturing to original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) companies.
- Products: PCBs for routers, switches, servers, memory modules, cellular base stations, and other electronic devices.
- Listing: Nasdaq.
- IPO: 21 September 2000.
- Website: www.ttmtechnologies.com
