Core Insights - TTM Technologies (TTMI) shares have increased by 28% over the past month, outperforming the broader Zacks Computer and Technology sector's return of 8.3% and the Zacks Electronics - Miscellaneous Components industry's growth of 10% [1] Financial Performance - In the first quarter of 2025, TTM Technologies reported revenues of $648.7 million, a 14% year-over-year increase, surpassing the Zacks Consensus Estimate by 4.3% and exceeding the company's guidance of $600-$640 million [2] - The company's earnings per share reached 50 cents, beating the Zacks Consensus Estimate by 28.21% and exceeding the company's projection of $0.37-$0.43, marking a record for the first quarter [2] Market Positioning - TTM Technologies is well-positioned in high-growth markets such as aerospace and defense, data center computing, and networking, indicating continued positive momentum [3] - The aerospace and defense sector contributed 47% to total revenues in Q1 2025, with a 15% year-over-year revenue growth, driven by increased defense budgets and significant bookings related to key programs [5] - The data center computing segment accounted for 21% of revenues in Q1 2025, growing 15% year-over-year, benefiting from strong demand from hyperscale data center clients [6] - The networking business experienced a 53% year-over-year increase, driven by renewed demand for switch-related products linked to AI infrastructure upgrades [7] Client Base and Revenue Growth - TTM Technologies supports approximately 1,400 clients globally, including major companies in defense, computing, and healthcare [8] - Revenues from the top five customers increased to 45% of total revenues in Q1 2025, up from 42% a year earlier, reflecting stronger engagement with strategic partners [9] - The client portfolio includes notable companies such as Apple, Cisco, Tesla, Raytheon, and Bosch, highlighting TTM's reputation as a critical supplier [10] Future Outlook - For Q2 2025, TTM Technologies expects total revenues of $650-$690 million, with the Zacks Consensus Estimate at $667.99 million, indicating a 10.39% year-over-year growth [12] - Projected non-GAAP earnings for Q2 2025 are between 49-55 cents per share, with the consensus estimate at 52 cents, suggesting a year-over-year rise of 33.3% [12] Conclusion - TTM Technologies is experiencing strong momentum in defense, AI infrastructure, and networking, supported by a growing backlog and resilient customer demand, setting the stage for continued revenue acceleration and strategic expansion in 2025 and beyond [13]

Core Viewpoint - TTM Technologies (TTMI) is identified as a strong value stock, currently undervalued compared to its industry peers, with favorable financial metrics indicating potential for growth [4][8]. Financial Metrics - TTMI holds a Zacks Rank of 1 (Strong Buy) and a Value grade of A, with a current P/E ratio of 13.38, significantly lower than the industry average of 18.15 [4]. - The company's P/B ratio is 1.92, which is attractive compared to the industry's average P/B of 2.53 [5]. - TTMI's P/S ratio stands at 1.2, while the industry average is 1.51, indicating a favorable valuation based on sales [6]. - The P/CF ratio for TTMI is 13.75, compared to the industry's average of 14.67, suggesting a solid cash flow outlook [7]. Investment Outlook - The combination of TTMI's strong earnings outlook and its undervalued status based on various financial metrics makes it an appealing investment opportunity for value investors [8].

Technical Analysis - TTM Technologies, Inc. (TTMI) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - A "golden cross" has occurred, with TTMI's 50-day simple moving average breaking above its 200-day moving average, suggesting a potential bullish breakout [1] - The golden cross is characterized by a short-term moving average crossing above a long-term moving average, typically indicating stronger breakouts [1] Market Performance - TTMI has experienced a rally of 44.9% over the past four weeks, positioning the company favorably for a breakout [3] - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, further supporting the bullish outlook [3] Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with three revisions higher in the past 60 days, indicating a positive earnings outlook [3] - The Zacks Consensus Estimate for TTMI has also increased, reinforcing the positive sentiment around the company's performance [3][5]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with TTM Technologies (TTMI) currently 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 21.3%, with projected EPS growth of 27.1% for the current year, significantly outperforming the industry average of 14.3% [5]. Group 2: Asset Utilization - The company has an asset utilization ratio (sales-to-total-assets ratio) of 0.74, indicating it generates $0.74 in sales for every dollar in assets, which is higher than the industry average of 0.73 [6]. Group 3: Sales Growth - TTM's sales are expected to grow by 8.5% this year, contrasting with the industry average of 0%, showcasing its strong sales growth potential [7]. Group 4: Earnings Estimate Revisions - There has been an upward revision in current-year earnings estimates for TTM, with the Zacks Consensus Estimate increasing by 8.3% over the past month, indicating positive momentum [9]. Group 5: Overall Assessment - TTM has achieved a Growth Score of B and a Zacks Rank of 1 (Strong Buy), suggesting it is a potential outperformer and a solid choice for growth investors [10][11].

Core Viewpoint - TTM Technologies, Inc. has authorized a new share repurchase program with a total market value of up to $100 million, effective through May 7, 2027, following the expiration of its previous program on May 3, 2025 [1][2]. Group 1: Share Repurchase Program - The new share repurchase program allows the company to buy back its outstanding common stock, providing flexibility to enhance shareholder value [1][2]. - The program will be executed based on management's discretion, considering factors such as liquidity, cash flows, and market conditions [2]. - The repurchase may occur through various methods, including open market purchases and privately negotiated transactions, and does not obligate the company to acquire a specific amount of stock [2]. Group 2: Financial Position - The company has a solid cash flow generation and a strong balance sheet, making share repurchases a prudent use of capital [2]. - Strategic acquisitions remain a primary goal for the use of free cash flow, but the new authorization adds flexibility for shareholder value enhancement [2]. Group 3: Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including RF components and advanced printed circuit boards [3]. - The company focuses on reducing the time required for customers to develop new products and bring them to market through its design, engineering, and manufacturing services [3].

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]

Sameer Desai Vice President, Corporate Development & Investor Relations TTM Technologies, Inc. +1 714 327 3050 sameer.desai@ttmtech.com Technical Inquiries Mark Bowyer Director, Business Development, RF&S BU TTM Technologies, Inc. +1 315 278 5420 mark.bowyer@ttm.com 50Ω to 100Ω broadband balanced to unbalanced transformers: Our new ultra-small broadband transformers XMB0465Z1-50100G and XMB0220K1-50100G are designed to convert single-ended signals to differential ports with an exceptional common mode reject ...

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 ...