Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with TTM Technologies (TTMI) being highlighted as a strong candidate due to its favorable growth metrics and Zacks Rank [2][10]. Group 1: Earnings Growth - TTM Technologies has a historical EPS growth rate of 12.6%, but projected EPS growth for the current year is expected to be 35.5%, significantly higher than the industry average of 15.9% [5]. Group 2: Asset Utilization - The asset utilization ratio for TTM is 0.76, indicating that the company generates $0.76 in sales for every dollar in assets, which is above the industry average of 0.74, showcasing better efficiency in asset utilization [6]. Group 3: Sales Growth - TTM's sales are projected to grow by 15.4% this year, contrasting sharply with the industry average of 0%, indicating strong sales growth potential [7]. Group 4: Earnings Estimate Revisions - The current-year earnings estimates for TTM have been revised upward, with the Zacks Consensus Estimate increasing by 5% over the past month, suggesting positive momentum in earnings expectations [9]. Group 5: Overall Positioning - TTM has achieved a Zacks Rank of 2 (Buy) and a Growth Score of B, positioning it well for potential outperformance in the growth stock category [10][11].

SANTA ANA, Calif., Aug. 08, 2025 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards (“PCB”s), today announced that it has been officially appraised at Final Cybersecurity Maturity Model Certification (“CMMC”) Level 2, demonstrating the company’s strong commitment to safeguarding C ...

Core Viewpoint - TTM Technologies (TTMI) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook driven by rising earnings estimates, which significantly influence stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [3][5]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3]. Company Performance and Outlook - The upgrade for TTM suggests an improvement in the company's underlying business, which is expected to be reflected in higher stock prices as investors respond positively [4]. - For the fiscal year ending December 2025, TTM is projected to earn $2.32 per share, with a 5.9% increase in the Zacks Consensus Estimate over the past three months [7]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - TTM's upgrade places it in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [9].

For the transition period from ____________ to____________ Commission File Number: 000-31285 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 TTM TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 91-1033443 (State or ot ...

Key Takeaways TTMI shares have declined 11.1% since Q2 results, driven by a weak Q3 revenues and earnings outlook.Q2 revenues rose 21% Y/Y to $730.6M, beating estimates by 9.38%; EPS surged 48.7% to $0.58.Q3 revenue guide tops out below Q2 levels, with EPS forecast of $0.57-$0.63 vs. Q2's $0.58 result.TTM Technologies (TTMI) shares fell 8.3% to close at $43.34 on Friday. Since reporting second-quarter 2025 results on Wednesday (July 30), TTMI shares have dropped 11.1%. Year to date, shares have appreciated ...

Company Performance - TTM Technologies reported quarterly earnings of $0.58 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, and up from $0.39 per share a year ago, representing an earnings surprise of +11.54% [1] - The company posted revenues of $730.62 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 9.38%, compared to year-ago revenues of $605.14 million [2] - TTM has surpassed consensus EPS estimates three times over the last four quarters and topped consensus revenue estimates four times during the same period [2] Stock Performance - TTM shares have increased approximately 96% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.55 on revenues of $667.99 million, and for the current fiscal year, it is $2.19 on revenues of $2.67 billion [7] Industry Outlook - The Electronics - Miscellaneous Components industry, to which TTM belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the industry outlook can materially impact stock performance [5][8]

TTM Technologies (TTMI) Q2 2025 Earnings Call July 30, 2025 04:30 PM ET Company ParticipantsSameer Desai - Vice President of Corporate Development & Investor RelationsThomas Edman - President & CEODaniel Boehle - EVP & CFORuben Roy - MD - Equity ResearchMike Crawford - Senior MD & Head - Discovery GroupConference Call ParticipantsJames Ricchiuti - Senior AnalystWilliam Stein - MD & Senior AnalystOperatorGood afternoon. Thank you for standing by. Welcome to the TTM Technologies Inc. Second Quarter twenty twe ...

Financial Data and Key Metrics Changes - TTM Technologies achieved revenue of $730.6 million in Q2 2025, a 21% increase from $605.1 million in Q2 2024, driven by strong demand in various end markets [25][26] - Non-GAAP EPS reached a record $0.58, compared to $0.39 in the same quarter last year, reflecting strong operational performance [31] - Non-GAAP operating margins improved to 11.1%, up 210 basis points year on year, marking the fourth consecutive quarter of double-digit operating margin performance [6][29] Business Line Data and Key Metrics Changes - Aerospace and Defense segment accounted for 45% of total revenues, with net sales of $327.6 million, up from $274.5 million in Q2 2024 [26][17] - Data Center Computing segment represented 21% of total sales, achieving 20% year-on-year growth, driven by demand for generative AI applications [18][19] - Medical Industrial Instrumentation segment contributed 15% of total sales, with a 28% year-on-year growth due to increased demand in robotics and automated test equipment [18][19] Market Data and Key Metrics Changes - The automotive market saw a slight decline, contributing 11% of total sales, down from 14% in the previous year, primarily due to inventory adjustments [19] - Networking segment grew significantly, accounting for 8% of revenue with a 52% year-on-year increase, driven by demand from networking customers [20] - The company maintains a solid backlog in the Aerospace and Defense market, amounting to approximately $1.46 billion, indicating strong future revenue visibility [17][22] Company Strategy and Development Direction - TTM is focusing on expanding its manufacturing capabilities in the U.S. to support defense and generative AI markets, including a new facility in Eau Claire, Wisconsin [9][10] - The company is diversifying its production footprint and end markets, having divested lower-margin facilities in China and invested in new capabilities in the U.S. and Malaysia [7][8] - TTM plans to establish a second production site in Malaysia to meet increasing customer demand and supply chain diversification needs [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the defense market due to increased government spending, with a $150 billion increase in defense budgets expected to drive growth [11][12] - The geopolitical environment is being monitored, but TTM does not anticipate significant short-term impacts from tariffs due to its diversified operations [8] - Management remains optimistic about future growth, particularly in the aerospace and defense sectors, and expects continued strong demand in data center computing [5][6] Other Important Information - The company announced a change in its reportable segments to better reflect its operations, now categorizing into Aerospace and Defense, Commercial, and RF and Specialty Components [26] - TTM's cash flow from operations was 13.4% of revenues, with a net leverage ratio of 1.2 times, indicating a healthy financial position [6][32] - The CEO announced plans to retire, with a search for a successor already underway [24] Q&A Session Summary Question: Timeline for new capacity in Wisconsin and customer requests - Management indicated that the Eau Claire facility is prepared for customer engagement and infrastructure is ready for equipment installation as demand increases [39][40] Question: Concerns about slippage in Malaysia's breakeven timeline - Management stated that while the ramp-up in Penang is slower than anticipated, it does not impact competitive positioning, and customer interest remains strong [46][48] Question: Update on capacity expansion in China - Management confirmed that capacity in China is being expanded, particularly in Dongguan and Guangzhou, to meet data center demands [54][56] Question: Customer diversification in the data center segment - Management reported good diversification in the data center space, with ongoing efforts to balance capacity for core customers while adding new ones [58] Question: Cost competitiveness of the Eau Claire facility - Management acknowledged that initial costs in Eau Claire would be higher than in China, but there is customer appetite for U.S.-sourced capacity [84][85] Question: Margin drag in Penang - Management noted that the margin drag in Penang has worsened slightly, now at about 210 basis points [86]

EXHIBIT 99.1 Contact: Sameer Desai, Vice President, Corporate Development & Investor Relations Sameer.desai@ttmtech.com 714-327-3050 TTM Technologies, Inc. Reports Second Quarter 2025 Results Santa Ana, CA – July 30, 2025– TTM Technologies, Inc. (NASDAQ: TTMI) ("TTM"), a leading global manufacturer of technology solutions, including mission systems, radio frequency ("RF") components, RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards ("PCB"s) today re ...

Q2 2025 Financial Performance - Revenue reached $730.6 million, exceeding the guided range of $650 million to $690 million[14] - Non-GAAP EPS was $0.58, surpassing the guided range of $0.49 to $0.55 and marking a quarterly record[13, 14] - Cash flow from operations amounted to $97.8 million, representing 13.4% of revenues[14] - The company holds a cash balance of $448.0 million, with net leverage (net debt divided by the last twelve months of EBITDA) at 1.2x[14] - Free cash flow was $37.6 million, compared to $31.9 million in Q2 2024[19] Q3 2025 Guidance - Expect revenues to be in the range of $690 million to $730 million[14] - Anticipate non-GAAP EPS to be between $0.57 and $0.63[14] End Market Performance (Q2 2025) - Aerospace & Defense accounted for 45% of revenues, showing a year-on-year growth of 21%[15] - Data Center Computing represented 21% of revenues, with a year-on-year growth of 20%[15] - Medical, Industrial & Instrumentation contributed 15% of revenues, experiencing a year-on-year growth of 28%[15] - Networking saw a significant year-on-year growth of 52%, accounting for 8% of revenues[15]