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TTMI · NasdaqGS

TTM Technologies, Inc.

Electronic Components · United States

USD 78.709.0% daily changeQuote 2026-11-11 · USD
Market cap (USD)
US$8.29B
Trailing P/E
31.48x
Forward P/E
9.44x
Quarterly revenue growth
59.9%
Trailing net margin
7.0%
Indicated dividend yield
—

Snapshot 2026-11-11 · Latest financial period 2026-09-28 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Company background

TTM Technologies, Inc. manufactures and sells mission systems, radio frequency (RF) components, RF microwave/microelectronic assemblies, and printed circuit boards (PCBs) and substrates in the United States, Taiwan, and internationally. It operates in three segments, A&D, Commercial, and RF&S Components. The company offers various engineered systems and RF and microwave assemblies; PCBs and IC substrates, custom assemblies and integrated systems, passive and advanced ceramic RF components, hi-reliability multi-chip modules, and beamforming and switching networks; and design-for-manufacturability, PCB layout design, simulation and testing, quick turnaround (QTA) production, and specialized RF assembly and testing. It also provides multi-mode surveillance and weather avoidance radar systems for fixed- and rotary-wing aircraft, Unmanned Aerial Vehicles, and shipboard platforms; AN/APS-153 multi-mode radar; communications suite within the MH-60R/S multi-mission helicopters; and supports maritime surveillance, counter UAS, and advanced air mobility end markets under MOSAIC brand. In addition, the company offers identification friend; monopulse secondary surveillance radars, and air traffic control systems; wired and wireless communication systems; designs, produces, and tests specialized multi-chip RF modules and components; and manufactures off-the-shelf surface mount microwave components. Further, it provides thick-film ceramic substrates, custom designed application specific integrated circuits, and conventional PCBs; custom electronic assemblies; QTA services; and thermal management. The company serves original equipment manufacturers, electronic manufacturing services providers, original design manufacturers, distributors, and government agencies; and aerospace and defense, data center computing, automotive, medical, industrial, instrumentation, and networking markets. TTM Technologies, Inc. was incorporated in 1978 and is headquartered in Santa Ana, California.

Company website

Q3 2026

Go beyond the headline.

TTMI Stock: Earnings Surged. Can Cash Catch Up? | Q3 2026

Published 2026-10-23

Q3 2026 REPORT HIGHLIGHTS

What’s changed for TTMI

A cash-conversion and acquisition-financing test after TTMI’s Q3 2026 results and sharp share-price decline.

  1. Profit is real, but definitions matter.

    GAAP net income is $84.8M; adjusted net income is $157.8M after $73.0M of exclusions.

  2. Cash is the constraint.

    Nine-month operating cash of $272.9M is largely consumed by $237.1M net investment.

  3. The balance sheet has a date boundary.

    September 28 statements precede the September 30 Epiq closing; they cannot define today’s enterprise value.

  4. Demand and spending rise together.

    Book-to-bill is 2.13, while an additional $400M manufacturing investment expands the capital commitment.

  5. Cheap EPS is not the whole decision.

    At 8.69× preliminary FY2027 adjusted midpoint, valuation still depends on integration, dilution and cash available to owners.

Comparable businesses

TTMI peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricTTMITTM Technologies, Inc.Snapshot 2026-11-11Financial period: 2026-09-28
Market capMarket value, converted to USDUS$8.29B
Forward P/EProvider forward earnings estimate9.44x
EV / EBITDAEnterprise value / trailing EBITDA14.54x
Revenue growthLatest quarter vs prior-year quarter59.9%
Operating marginLatest reported quarter11.1%
Free cash flow yieldTrailing cash flow / market cap0.3%
Net debt / EBITDANet debt / trailing EBITDA1.55x
Debt / equityTotal debt / positive book equity0.88x
Trailing P/ETrailing twelve-month earnings31.48x
Price / bookPrice / positive book equity per share4.06x
EV / salesEnterprise value / trailing revenue2.23x
Earnings growthLatest quarter vs prior-year quarter58.0%
Gross marginTrailing twelve months22.2%
Net marginTrailing twelve months7.0%
Return on equityProvider trailing return; positive equity only14.3%
Free cash flow marginTrailing free cash flow / revenue0.7%
Dividend yieldIndicated annual dividend / price—
Earnings payoutProvider trailing dividend payout0.0%
Current ratioCurrent assets / current liabilities1.67x
BetaProvider historical market sensitivity2.26

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

Reporting period
Financial history
Chart style
Comparison stocks

Financial statements load separately from the research page.

Market context

Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for TTMI

All available reporting periods
Q3 20262026-10-23
Q2 20262026-08-07

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.