Core Insights - TTM Technologies, Inc. announces the retirement of its founder and former CEO, Kent Alder, marking a significant transition for the company [1][2] - Kent Alder founded TTM in 1998, transforming it from a small operation into a global leader in the electronics industry, emphasizing core values such as integrity and performance excellence [2] - The company honors Kent Alder's contributions through the annual "Alder Award," which recognizes outstanding internal team performance, ensuring his legacy continues [3] Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards [4] - The company focuses on reducing time-to-market for customers through its design, engineering, and manufacturing services [4]

Company Overview - TTM Technologies (TTMI) currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [4] Performance Metrics - Over the past week, TTMI shares have increased by 22.58%, significantly outperforming the Zacks Electronics - Miscellaneous Components industry, which rose by 3.47% [6] - In a longer timeframe, TTMI's monthly price change is 30.7%, compared to the industry's 4.43% [6] - For the past quarter, TTMI shares have risen by 1.05%, and over the last year, they have increased by 46.75%, while the S&P 500 has moved -6.34% and 9.94%, respectively [7] Trading Volume - The average 20-day trading volume for TTMI is 717,372 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, three earnings estimates for TTMI have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.03 to $2.17 [10] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [10] Conclusion - Given the strong performance metrics and positive earnings outlook, TTM Technologies is positioned as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 1 (Strong Buy) [12]

Core Viewpoint - TTM Technologies, Inc. is launching five new Radio Frequency & Specialty components to address the increasing demands in Telecom, Test and Measurement, and Commercial Off-the-Shelf Mil-Aero industries, enhancing performance in applications such as Mobile Phone Infrastructure, Radar, and Mil-Comms [1]. Company Overview - TTM Technologies, Inc. is a prominent global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards (PCBs) [3]. - The company emphasizes its time-critical, one-stop manufacturing services that help customers reduce the time needed to develop and market new products [3]. Product Launch Details - The new ultra-small broadband transformers XMB0465Z1-50100G and XMB0220K1-50100G are designed for converting single-ended signals to differential ports, suitable for RF System on Chips, Analog-to-Digital Converters, and Digital-to-Analog Converters in various applications [4]. - The XMC0102L3-03S and XMC4450E3-03G low-profile hybrid couplers are introduced for power splitting and combining, with specific applications in Land Mobile Radio, Very High Frequency, and C-Band in Mil-Aero markets [4]. - The C6N50Z4B termination offers a cost-effective alternative to traditional termination resistors while adhering to RoHS standards, applicable across multiple end markets including 5G, LTE, ISM, and Mil-Aero Bands [4].

TTM Technologies (TTMI) closed the last trading session at $25.13, gaining 43% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $35 indicates a 39.3% upside potential. The mean estimate comprises four short-term price targets with a standard deviation of $1.41. While the lowest estimate of $33 indicates a 31.3% increase from the current price level, the most optimistic analyst expec ...

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 March 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to____________ Commission File Number: 000-31285 TTM TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Company Overview - TTM Technologies, Inc. (NASDAQ: TTMI) specializes in manufacturing printed circuit boards and RF components, serving various sectors including defense, data centers, automotive, and medical devices [1] - The company operates plants in both North America and Asia, indicating a broad geographical footprint [1] Investment Focus - The analysis primarily targets small- to mid-cap companies, which are often overlooked by many investors, while also occasionally reviewing large-cap companies to provide a comprehensive view of the equity markets [1]

Core Insights - TTM Technologies reported quarterly earnings of $0.50 per share, exceeding the Zacks Consensus Estimate of $0.39 per share, and showing an increase from $0.31 per share a year ago, resulting in an earnings surprise of 28.21% [1] - The company achieved revenues of $648.67 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.30% and up from $570.11 million year-over-year [2] - TTM has outperformed consensus EPS estimates three times over the last four quarters and has topped revenue estimates four times in the same period [2] Earnings Outlook - The future performance of TTM's stock will largely depend on management's commentary during the earnings call and the sustainability of the stock's immediate price movement based on the recently released numbers [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.49 on revenues of $644.39 million, and for the current fiscal year, it is $2.03 on revenues of $2.59 billion [7] Industry Context - The Electronics - Miscellaneous Components industry, to which TTM belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Data and Key Metrics Changes - TTM Technologies achieved revenue of $648.7 million in Q1 2025, a 14% increase year-on-year from $570.1 million in Q1 2024 [26] - Non-GAAP EPS for Q1 2025 was $0.50, compared to $0.28 in Q1 2024, reflecting strong financial performance [30] - Non-GAAP operating margin improved to 10.5%, up 340 basis points from 7.1% in the same quarter last year [28] Business Line Data and Key Metrics Changes - Aerospace and defense represented 47% of total sales in Q1 2025, with revenues growing 15% year-on-year [17] - Data center computing accounted for 21% of total sales, also growing 15% year-on-year, driven by demand for generative AI applications [19] - Automotive sales declined to 11% of total sales, down from 13% in the previous year, primarily due to inventory adjustments [20] Market Data and Key Metrics Changes - The company reported a book-to-bill ratio of 1.1 for the quarter, indicating a healthy order intake relative to shipments [7][25] - The aerospace and defense program backlog was approximately $1.55 billion, up from $1.38 billion year-on-year [18] - Networking revenue grew by 53% year-on-year, accounting for 8% of total revenue, driven by increased demand [21] Company Strategy and Development Direction - The company is focused on diversifying its end markets and manufacturing footprint, with significant investments in new production capabilities in regions like Malaysia [8] - TTM is positioned to benefit from increased defense spending, with expectations of continued growth in the aerospace and defense sector [15] - The company aims to mitigate tariff impacts through strategic sourcing and delivery timing [12] Management's Comments on Operating Environment and Future Outlook - Management noted that there has been no significant change in customer behavior due to tariffs, with a strong outlook for the aerospace and defense market [9][66] - The company is optimistic about the potential for increased domestic manufacturing investments in the U.S., which could benefit TTM in the long term [13] - Management highlighted the importance of maintaining flexibility and vigilance in response to potential economic slowdowns [13] Other Important Information - TTM's cash and cash equivalents at the end of Q1 2025 totaled $411.3 million, with net debt to EBITDA at 1.3 [32] - The company plans to ramp up production at its new facility in Syracuse, with expectations for production to begin in mid-2026 [16] - TTM published its second corporate sustainability report on April 22, reflecting its commitment to environmental responsibility [17] Q&A Session Summary Question: Revenue and margins at the Penang facility - In Q1, the Penang facility generated approximately $2.2 million in revenue, with an operating income loss of about $11.5 million, but is expected to reach breakeven by Q3 [36][37] Question: Decline in aerospace and defense program backlog - The program backlog decreased slightly from $1.56 billion to $1.55 billion, but bookings remain strong, indicating healthy demand [41][44] Question: Customer qualifications at the Penang facility - TTM has four anchor customers and is qualifying approximately 10 additional customers, with a focus on data center and networking markets [50][54] Question: Impact of tariffs on customer behavior - Management has not observed significant changes in customer behavior due to tariffs, with steady demand across various markets [66] Question: Competitive dynamics in PCB manufacturing - TTM is engaging in discussions with customers regarding future volume needs and is positioned to leverage its Penang facility for advanced technology production [70][71] Question: Potential upside from defense spending - The reconciliation bill includes programs related to air missile defense, which could provide additional revenue opportunities for TTM [80][82]

TTM Technologies (TTMI) Q1 2025 Earnings Call April 30, 2025 04:30 PM ET Speaker0 Good afternoon. Thank you for standing by. Welcome to the TTM Technologies Inc. First Quarter twenty twenty five Financial Results Conference Call. During today's presentation, all parties will be in a listen only mode. Following the presentation, the conference will be open for questions. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your ha ...

Financial Data and Key Metrics Changes - TTM achieved revenue of $648.7 million in Q1 2025, a 14% increase year on year from $570.1 million in Q1 2024 [26] - Non-GAAP EPS for Q1 2025 was $0.50, compared to $0.28 in Q1 2024, reflecting strong financial performance [30] - Non-GAAP operating margin improved to 10.5%, up 340 basis points from 7.1% in the same quarter last year [28] Business Line Data and Key Metrics Changes - Aerospace and defense represented 47% of total sales in Q1 2025, with revenues growing 15% year on year [17] - Data center computing accounted for 21% of total sales, also growing 15% year on year, driven by demand for generative AI applications [19] - Automotive sales declined to 11% of total sales, down from 13% in the previous year, primarily due to inventory adjustments [20] Market Data and Key Metrics Changes - The company reported a book-to-bill ratio of 1.1 for the quarter, indicating a healthy order intake relative to shipments [7][25] - The medical industrial instrumentation market contributed 13% of total sales, returning to 5% year on year growth as demand normalized [19] - Networking sales grew 53% year on year, accounting for 8% of revenue, driven by increased demand from AI-related products [21] Company Strategy and Development Direction - TTM is focused on reducing seasonality in operating performance and has diversified its end markets and manufacturing footprint [8] - The company is investing in new production capabilities in regions like Malaysia while divesting lower-margin facilities in China [8] - TTM aims to mitigate tariff impacts through strategic sourcing and delivery timing, maintaining a diverse manufacturing footprint [12] Management's Comments on Operating Environment and Future Outlook - Management noted strong demand in aerospace and defense, with a solid program backlog of approximately $1.55 billion [18] - The company is optimistic about future growth, particularly in defense spending, with expectations of continued increases in the defense budget [15] - Management highlighted the importance of monitoring customer behavior in response to tariffs but noted no significant changes thus far [66] Other Important Information - TTM's new facilities in Penang and Syracuse are progressing well, with expectations for revenue ramp-up and breakeven points in the near future [16] - The company published its second corporate sustainability report, reflecting its commitment to minimizing environmental impact [17] Q&A Session Summary Question: Revenue and margins at the Penang facility - Revenue at the Penang facility was approximately $2.2 million in Q1, with an operating income loss of about $11.5 million, but management expects steady improvement [36][37] Question: Decline in aerospace and defense program backlog - The program backlog slightly decreased from $1.56 billion to $1.55 billion, but bookings remain strong, indicating a healthy outlook [41][44] Question: Customer qualifications at the Penang facility - TTM has four anchor customers and is qualifying approximately 10 additional customers, with a focus on data center and networking markets [51][54] Question: Impact of tariffs on customer behavior - Management has not observed significant changes in customer behavior due to tariffs, with steady demand across various markets [66] Question: Competitive dynamics in PCB manufacturing - TTM is engaging in discussions with customers regarding competitive dynamics, particularly in light of the Penang facility's capabilities [68][70] Question: Potential upside from defense spending - Management is optimistic about the reconciliation bill and its potential positive impact on aerospace and defense revenue [82][84]