TTM Technologies has surged 123% since my last coverage, outperforming the benchmark and maintaining strong momentum. Despite trading at a 37x forward P/E, TTMI's premium is justified by robust earnings performance and potential top- and bottom-line growth. Key catalysts include expanding data center markets and aerospace/defense circuit demand, supporting my continued Buy rating.
TTM Technologies delivered record Q1 2026 results, driven by AI data center and defense segments, with 30% YoY revenue growth and 50% EPS growth. AI and defense now comprise 80% of TTMI's business, with defense providing a regulatory moat and a countercyclical annuity undervalued by the market. Management guides Q2 net sales of $930–$970M and non-GAAP EPS of $0.82–$0.88, but consensus expects higher EPS, setting up for another potential beat.
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TTM (TTMI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
TTM (TTMI) possesses solid growth attributes, which could help it handily outperform the market.
TTM (TTMI) is well positioned to outperform the market, as it exhibits above-average growth in financials.
The mean of analysts' price targets for TTM (TTMI) points to a 26.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
TTM Technologies is transforming from a cyclical PCB manufacturer to a high-value AI infrastructure and defense supplier. Record Q1 2026 revenue of $846M (+30% YoY) and 61% growth in Data Center & Networking signal structural demand shifts. Robust 1.4 book-to-bill and $1.6B defense backlog provide multi-year revenue visibility and support aggressive growth forecasts.
TTM (TTMI) reported earnings 30 days ago. What's next for the stock?
TTM (TTMI) could produce exceptional returns because of its solid growth attributes.
Does TTM Technologies (TTMI) have what it takes to be a top stock pick for momentum investors? Let's find out.
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