Bull markets are a lot like the zombies in apocalypse movies: you might think they're finally dead, but then they're back on their feet before you even have a chance to reload.The AI bull market might be getting frothy and volatile as 2025 draws to a close, but recent activity shows that any wounds sustained over the last few weeks are superficial.However, this particular resurgence comes with a twist: lately, the rally isn’t being led by the usual suspects like NVIDIA, Microsoft, Tesla, or OpenAI.There may ...

Core Insights - TTM Technologies, Inc. announced that two team members received prestigious awards from the Global Electronics Association for their contributions to the electronics manufacturing sector [1][2]. Group 1: Awards and Recognition - Meising Ho, Vice President of Commercial Technology, received the IPC ASSC Outstanding Service Award [2]. - Richard Xie, Vice President of Human Resources, Asia Pacific, was awarded the IPC AESC Outstanding Service Award [2]. - These awards recognize significant contributions to advancing industry standards and education in the electronics manufacturing sector across Asia [2]. Group 2: Company Commitment - Doug Soder, Executive Vice President and President of the Commercial Sector, expressed pride in the honorees, highlighting their dedication as a reflection of TTM's commitment to leadership and excellence in the electronics industry [3]. - The recognition of these individuals underscores TTM's ongoing commitment to shaping the future of the electronics industry [3]. Group 3: Event Information - The IPC CEMAC is an annual gathering of electronic industry professionals for knowledge-sharing and discussions on industry trends [3].

Core Viewpoint - TTM Technologies, Inc. is set to discuss its third quarter 2025 performance in a conference call scheduled for October 29, 2025, after releasing its financial results on the same day [1][3]. Group 1: Conference Call Details - The conference call will take place at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time [1]. - Participants can register for the call to receive dial-in information and a unique PIN, with registration available up to the start of the call [2]. - The call will also be simulcast on the company's website, and the webcast will remain accessible for one week after the live event [2]. Group 2: 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 (PCBs) [4]. - The company emphasizes its time-critical, one-stop manufacturing services, which help customers shorten the time required to develop and market new products [4].

Core Insights - TTM Technologies, Inc. has achieved Final Cybersecurity Maturity Model Certification (CMMC) Level 2, highlighting its commitment to cybersecurity and compliance with U.S. Department of Defense requirements [1][2][3] Group 1: Certification Details - CMMC Level 2 certification requires the implementation of 110 security practices aligned with NIST SP 800-171, demonstrating TTM's adherence to stringent security standards [2] - The successful appraisal enhances TTM's reputation as a trusted partner for customers, suppliers, and government entities [3] Group 2: Future Commitment - TTM Technologies will continue to invest in comprehensive cybersecurity governance for both classified and unclassified offerings, ensuring ongoing compliance as CMMC evolves [3]

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 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].