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TTM Technologies
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Manufactures advanced PCBs and backplane assemblies
TTM Technologies
Work Here?
Manufactures advanced PCBs and backplane assemblies
Overview
TTM Technologies is a global manufacturer that produces advanced printed circuit boards (PCBs) and backplane assemblies. It serves multiple industries—such as aerospace, defense, automotive, medical, and industrial—by offering both quick-turn prototypes and high-volume production. The company delivers one-stop, time-critical manufacturing services that cover fabrication and assembly, helping customers accelerate development and bring products to market faster. Unlike firms that focus on a narrow niche, TTM combines broad fabrication capabilities, a global footprint, and end-to-end support to manage the entire manufacturing process from design to finished product. The company’s goal is to shorten customers’ time-to-market by providing fast, reliable PCB and backplane production with comprehensive technical and customer support.
About TTM Technologies
Industries
Hardware
Industrial & Manufacturing
Aerospace
Defense
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Santa Ana, California
Founded
1998
Simplify's Take
What believers are saying
- AI data center and networking sales grew 61% year over year in Q1 2026.
- Aerospace and defense represented 40% of sales, anchoring demand with program-based visibility.
- Management raised 2026 capex to $300 million-$320 million, supporting continued capacity expansion.
What critics are saying
- TTM depends heavily on AI infrastructure spending; a hyperscale pause hits growth immediately.
- Sanmina and Celestica compete directly for high-complexity PCB wins, pressuring margins and share.
- China capacity in Dongguan and Guangzhou faces export controls, tariffs, and supply disruption risk.
What makes TTM Technologies unique
- TTM builds advanced PCBs, RF components, and mission systems for time-critical customers.
- Its April 2026 backlog reached $1.6 billion, with book-to-bill at 1.41.
- Eau Claire and Penang expansions extend capacity for advanced technology manufacturing.
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Funding
Total Funding
$650M
Above
Industry Average
Funded Over
2 Rounds
Stock Price
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%TTM Technologies has surged 26.9% following new defence contract wins, despite concurrent insider selling totalling $10.4 million over three months. The company secured a Raytheon LTAMDS agreement potentially worth $200 million over three years. Investors appear focused on operational execution and positioning in technology and defence markets, despite concerns about elevated valuation. The company's narrative projects revenue reaching $4.6 billion and earnings of $600.9 million by 2029, requiring 16.7% annual revenue growth. However, third-party metrics flag the shares as significantly overvalued relative to estimated intrinsic value. The most cautious analysts had only projected $3.5 billion revenue and $292.3 million earnings by 2029, suggesting concentration risk in defence and AI demand sectors remains a concern for investors.
Qnity Electronics, Everpure and TTM Technologies are emerging as underappreciated tech stocks powering AI infrastructure growth, with shares climbing up to 70% in 2026. Qnity Electronics, spun off from DuPont in late 2025, operates across semiconductor manufacturing including chip fabrication and packaging. Despite limited name recognition, the $27 billion company reported 10% organic sales growth and forecasts net sales of $4.97 billion to $5.17 billion for 2026. The company is pursuing a transformation expected to generate $100 million in earnings run-rate over two years, though near-term costs will reach $140 million. TTM Technologies stands out for investors concerned about an AI bubble, with growing business in the defence sector providing diversification beyond pure AI exposure.
TTM Technologies is experiencing strong demand for printed circuit boards driven by AI infrastructure and defence applications. Fourth-quarter revenues rose 19% year over year to $774.3 million, with data centre computing and networking accounting for 36% of total revenues. The company is investing in advanced manufacturing capacity at its Dongguan and Guangzhou facilities for AI-grade boards, whilst equipping its Syracuse Diamond facility for domestic production. A book-to-bill ratio of 1.35 and an aerospace and defence backlog of $1.6 billion provide strong visibility. The Zacks Consensus Estimate for first quarter 2026 revenues stands at $782.92 million, representing 20.7% year-over-year growth. TTM faces competition from Sanmina and Celestica in high-complexity PCB manufacturing for AI and defence applications.
Park West Asset Management initiated a position in TTM Technologies, acquiring 543,167 shares valued at $37.48 million during the fourth quarter, according to a February SEC filing. The investment makes TTM one of the fund's significant holdings alongside stakes in Alphabet and Amazon. TTM Technologies, which manufactures printed circuit boards and RF components, has seen its shares surge 250% over the past year to $90.91, vastly outperforming the S&P 500's 15% gain. The company reported 19% fourth-quarter revenue growth to $774.3 million, with full-year sales reaching $2.9 billion. The firm serves aerospace, defence, data centre and automotive sectors, benefiting from AI-driven demand and a $1.6 billion aerospace and defence backlog. Management has guided for 15% to 20% revenue growth ahead.
TTM Technologies, a manufacturer of printed circuit boards and RF components for aerospace, automotive and data centre sectors, saw Metavasi Capital LP acquire a new $11.81 million stake in the fourth quarter of 2025, according to an SEC filing dated 17 February 2026. The position, comprising 171,202 shares, represents 4.81% of Metavasi's $245.42 million in US equity assets and ranks as the fund's eighth-largest holding. TTMI shares were priced at $90.91 as of 17 February, up 249.1% year-on-year. The company reported strong fourth-quarter results, with sales rising 19% year-over-year to $774.3 million and net income reaching $50.7 million, driven by demand from AI-focused data centres. However, shares trade near their 52-week high with a price-to-earnings ratio of approximately 64.
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About TTM Technologies
Industries
Hardware
Industrial & Manufacturing
Aerospace
Defense
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Santa Ana, California
Founded
1998
There are no jobs for TTM Technologies right now.
Find jobs on Simplify and start your career today