Core Insights - TTM Technologies, Inc. announced the retirement of President and CEO Thomas T. Edman, with a search for his successor underway, expected to conclude by the end of 2025 [1][2][4] - Edman has been with the company since 2004, serving as President since 2013 and CEO since 2014, leading TTM through significant growth and operational improvements [2][3] - Under Edman's leadership, TTM has strengthened its capabilities in the Aerospace and Defense market and expanded its focus on Data Center Computing and Networking, particularly in support of generative AI [2][3] Company Performance - TTM is experiencing its strongest first half of any year in terms of revenue growth and margins, supported by a solid balance sheet for future growth [3] - The company has successfully integrated multiple acquisitions and diversified its end markets, enhancing its position as a global leader in advanced electronics solutions [3] Leadership Transition - Edman will remain as President and CEO until a successor is appointed and will continue to serve as a Director and member of the Government Security Committee post-transition [1][4] - The Board of Directors expressed gratitude for Edman's visionary leadership and commitment, noting his impact on the company's strategic direction [4]

Core Insights - TTM Technologies, Inc. reported strong financial results for the second quarter of 2025, with significant year-on-year growth in net sales and net income [2][3][4]. Financial Performance - Net sales for Q2 2025 were $730.6 million, a 21% increase from $605.1 million in Q2 2024 [2][8]. - GAAP operating income rose to $61.8 million in Q2 2025 from $39.0 million in Q2 2024 [2]. - GAAP net income for Q2 2025 was $41.5 million, or $0.40 per diluted share, compared to $26.4 million, or $0.25 per diluted share, in Q2 2024 [3][8]. - Non-GAAP net income for Q2 2025 was $60.8 million, or $0.58 per diluted share, up from $40.2 million, or $0.39 per diluted share, in Q2 2024 [4][22]. - Adjusted EBITDA for Q2 2025 was $109.7 million, representing 15.0% of sales, compared to $84.6 million, or 14.0% of sales, in Q2 2024 [4][22]. Market Demand and Growth Drivers - The revenue growth was attributed to strong demand in Aerospace and Defense, Medical, Industrial and Instrumentation, Data Center Computing, and Networking markets, with particular growth in Data Center Computing driven by generative AI requirements [5]. - Non-GAAP operating margins improved to 11.1%, an increase of 210 basis points year-on-year, marking the fourth consecutive quarter of double-digit margins [5]. Business Outlook - For Q3 2025, TTM estimates revenues to be between $690 million and $730 million, with non-GAAP net income projected to be between $0.57 and $0.63 per diluted share [6]. Operational Developments - The company announced the acquisition of a facility in Wisconsin and land rights in Penang to support regional diversification of PCB supply chains and future growth [5]. Segment Performance - Segment sales for Aerospace and Defense reached $327.6 million, up from $274.5 million in Q2 2024, while Commercial segment sales increased to $395.6 million from $323.3 million [21]. - The Aerospace and Defense segment accounted for 45% of total sales, while Data Center Computing also represented 21% [20]. Cash Flow and Financial Health - Cash flow from operations was reported at $97.8 million, or 13.4% of revenues, indicating strong operational efficiency [5][8]. - Total assets as of June 30, 2025, were $3.58 billion, with total stockholders' equity at $1.64 billion [19].

Core Insights - TTM Technologies (TTMI) is expected to report second-quarter fiscal 2025 results on July 30, with projected revenues of $650-$690 million, indicating a 10.39% year-over-year increase [1][9] - The company anticipates non-GAAP earnings per share (EPS) between 49 cents and 55 cents, reflecting a 33.33% year-over-year growth [2][9] - TTMI has consistently surpassed earnings estimates in the past four quarters, with an average surprise of 17.65% [2] Revenue and Earnings Expectations - The Zacks Consensus Estimate for TTMI's revenues is $667.99 million, which aligns with the company's guidance [1] - The consensus mark for earnings is set at 52 cents per share, unchanged over the past 30 days [2] Segment Performance - The aerospace and defense segment is experiencing strong growth, supported by a $1.55 billion backlog and increased visibility in radar, surveillance, and missile systems [3] - Data center computing and networking are key growth drivers, with AI infrastructure demands likely boosting the need for advanced Printed Circuit Boards [4] Challenges and Risks - Tariff-related uncertainties and weakness in the automotive market may limit revenue growth, with ongoing inventory corrections expected to keep automotive volumes subdued [5] - Start-up costs from the Penang facility are anticipated to compress near-term margins, alongside tariff exposure on imported materials [5] Earnings Model Insights - According to the Zacks model, TTMI has an Earnings ESP of 0.00% and a Zacks Rank of 1 (Strong Buy), indicating a lower likelihood of an earnings beat [6]

Company Overview - TTM Technologies (TTMI) shares increased by 5.4% to $47.47 in the last trading session, with a notable trading volume and a 22.7% gain over the past four weeks [1] - The company is experiencing strong demand in aerospace and defense, data center computing, and networking markets, alongside investments in advanced manufacturing facilities in Penang and Syracuse [1] Earnings Expectations - TTM is projected to report quarterly earnings of $0.52 per share, reflecting a year-over-year increase of 33.3% [2] - Expected revenues for the upcoming quarter are $667.99 million, which is a 10.4% increase compared to the same quarter last year [2] Stock Performance and Trends - The consensus EPS estimate for TTM has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - TTM currently holds a Zacks Rank of 2 (Buy), suggesting positive market sentiment [3] Industry Comparison - TTM is part of the Zacks Electronics - Miscellaneous Components industry, where Rogers Corp. (ROG) has a consensus EPS estimate of $0.5, representing a year-over-year decline of 27.5% [4] - Rogers Corp. holds a Zacks Rank of 3 (Hold), indicating a less favorable outlook compared to TTM [4]

Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including mission systems, radio frequency components, RF microwave/microelectronic assemblies, and advanced printed circuit boards (PCBs) [4] Upcoming Events - TTM Technologies will host a conference call on July 30, 2025, at 4:30 p.m. Eastern Time to discuss its second quarter 2025 performance [1] - The company will release its second quarter 2025 financial results after the market closes on the same day [3] - Access to the conference call will be available through a registration link, and participants will receive dial-in information and a unique PIN [2]

Core Insights - TTM Technologies, Inc. has announced the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin, and land rights for a future manufacturing site in Penang, Malaysia, to enhance its manufacturing capabilities [1][3][4] Group 1: Acquisition Details - The Eau Claire facility was previously owned by TDK and is well-equipped for advanced technology PCB manufacturing, allowing TTM to reduce lead times for U.S. domestic capacity [3][4] - The new facility in Penang will support supply chain diversification beyond China, providing cost-competitive, high-quality PCB manufacturing in Southeast Asia [4] Group 2: Strategic Implications - These investments align with TTM's strategy to offer regionally optimized, globally connected manufacturing solutions, enhancing supply chain security and flexibility for global customers [2][4] - The Eau Claire facility is expected to support high-volume production for key markets, particularly in data center computing and networking for generative AI applications [3][4] Group 3: Economic Impact - The expansion in Wisconsin is seen as beneficial for the local economy, with the state recognized for its precision manufacturing capabilities [4] - TTM does not anticipate significant impacts on its operational results or financial condition for 2025 from these investments [5]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with TTM Technologies (TTMI) currently holding a Momentum Style Score of B [2][3] Group 2: TTM Technologies Performance - TTM Technologies has a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the market [3] - Over the past week, TTMI shares increased by 9.37%, while the Zacks Electronics - Miscellaneous Components industry remained flat [5] - In the last quarter, TTMI shares rose by 124.2%, and over the past year, they increased by 110.66%, significantly outperforming the S&P 500's gains of 23.56% and 13.28% respectively [6] Group 3: Trading Volume and Earnings Outlook - The average 20-day trading volume for TTMI is 1,686,689 shares, which is a bullish indicator when combined with rising stock prices [7] - In terms of earnings outlook, TTMI's consensus estimate increased from $2.17 to $2.19 over the past 60 days, with one upward revision and no downward revisions for the current fiscal year [9] Group 4: Conclusion - Considering the positive momentum indicators and earnings outlook, TTM Technologies is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]

Core Insights - TTM Technologies, Inc. has launched the MSK5065RH module, a high-efficiency, radiation-hardened switching regulator designed for space and defense applications [1][3] - The module is part of TTM's expanding portfolio of space-grade microelectronics, providing robust performance and exceptional radiation tolerance [1][2] Product Specifications - The MSK5065RH module can supply over 3 amperes of continuous output current with peak efficiencies exceeding 90% [2] - It is tested to withstand up to 100 krad (Si) Total Ionizing Dose (TID) and has low sensitivity to Single Event Effects (SEE), making it suitable for LEO, MEO, and deep space missions [2] Industry Collaboration - The module is based on the ISL73007SEH from Renesas Electronic Corporation, known for its reliability in harsh environments [3] - Renesas emphasizes its commitment to innovation in the space power market through collaboration with TTM, enhancing high-performance, radiation-hardened power solutions for aerospace customers [4] Applications - The MSK5065RH module is ideal for power distribution networks, FPGA/processor core supplies, and high-reliability systems requiring fault-tolerant power management [4] Availability - The MSK5065RH module is available in flight-proven Class K and Class H screening levels, with engineering models for evaluation and prototyping [5]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: TTM Technologies (TTMI) - TTM Technologies currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a high potential for outperformance in the market [3] Performance Metrics - TTM Technologies shares have increased by 6.5% over the past week, while the Zacks Electronics - Miscellaneous Components industry remained flat [5] - Over the past month, TTMI's stock price has risen by 23.98%, significantly outperforming the industry's 0.47% [5] - In the last quarter, TTMI shares surged by 59.02%, and over the past year, they have gained 91.98%, compared to the S&P 500's increases of 5.76% and 10.66%, respectively [6] Trading Volume - The average 20-day trading volume for TTMI is 1,194,242 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past 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 $2.19 [9] - For the next fiscal year, three estimates have also moved upwards, indicating positive sentiment regarding future earnings [9] Conclusion - Given the strong performance metrics and positive earnings outlook, TTM Technologies is positioned as a promising investment opportunity with a Momentum Score of A [11]

Company Overview - TTM Technologies (TTMI) shares increased by 7.5% to close at $35.70, with a notable trading volume indicating strong investor interest [1] - The stock has gained 23.7% over the past four weeks, reflecting positive market sentiment [1] Financial Performance - TTM Technologies is projected to report quarterly earnings of $0.52 per share, representing a year-over-year increase of 33.3% [2] - Expected revenues for the upcoming quarter are $667.99 million, which is a 10.4% increase compared to the same quarter last year [2] Market Trends - The company is experiencing strong demand in aerospace and defense, data center computing driven by generative AI, and networking markets [1] - The consensus EPS estimate for TTM has remained unchanged over the last 30 days, indicating stability in earnings expectations [3] Industry Context - TTM Technologies is part of the Zacks Electronics - Miscellaneous Components industry, which includes other companies like TE Connectivity (TEL) [3] - TE Connectivity's consensus EPS estimate has changed by -0.1% to $2.07, reflecting an 8.4% increase from the previous year [4]