TTMI

MKT CAP:$15B

TTM Technologies, Inc.

Market Cap

$15B

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NASDAQ

Technology·Hardware,·🇺🇸·NASDAQ

Stock Price

$126.24+$55.63 (+78.78%)

Apr 17, 2026

Company Details

TTM Technologies, Inc., together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (...

CEO

Anthony J. Sandeen

IPO Date

Sep 25, 2000

Website

www.ttm.com

Key Metrics TTM

Revenue

$2.9B

+19.0% YoY

Net Income

$177M

EPS (Diluted)

$1.69

Free Cash Flow

-$683.0K

Revenue / Share

$27.27

Gross Margin

20.3%

Operating Margin

9.0%

Net Margin

6.1%

FCF Margin

-0.0%

P/S

5.2x

P/E

85.6x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

Q4 2025

Feb 13, 2026

$774M+18.9%EPS $0.48

Q3 2025

Oct 31, 2025

$753M+22.1%EPS $0.50

Q2 2025

Aug 4, 2025

$731M+20.7%EPS $0.40

Q1 2025

May 6, 2025

$649M+13.8%EPS $0.31

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$581M	$91M	$26M
Q2 22	$626M	$117M	$37M
Q3 22	$671M	$129M	$50M
Q4 22	$617M	$121M	$98M
Q1 23	$544M	$86M	-$3M
Q2 23	$547M	$99M	$21M
Q3 23	$573M	$113M	-$10M
Q4 23	$569M	$115M	$35M
Q1 24	$570M	$104M	$17M
Q2 24	$605M	$117M	$39M
Q3 24	$617M	$130M	$51M
Q4 24	$651M	$127M	$9M
Q1 25	$649M	$131M	$50M
Q2 25	$731M	$148M	$62M
Q3 25	$753M	$157M	$72M
Q4 25	$774M	$155M	$77M

Valuation

Quarter	P/S	P/E
Q1 22	0.6x	19.8x
Q2 22	0.5x	17.4x
Q3 22	0.6x	14.4x
Q4 22	0.7x	17.4x
Q1 23	0.6x	19.1x
Q2 23	0.6x	28.4x
Q3 23	0.6x	—
Q4 23	0.7x	—
Q1 24	0.7x	—
Q2 24	0.8x	113.7x
Q3 24	0.8x	27.0x
Q4 24	1.0x	44.7x
Q1 25	0.8x	26.8x
Q2 25	1.6x	44.6x
Q3 25	2.1x	44.6x
Q4 25	2.5x	40.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$36M	$13M
Q2 22	$79M	$53M
Q3 22	$80M	$54M
Q4 22	$78M	$51M
Q1 23	$55M	$24M
Q2 23	$26M	-$24M
Q3 23	$59M	$25M
Q4 23	$47M	$1M
Q1 24	$44M	-$5M
Q2 24	$42M	$2M
Q3 24	$65M	$24M
Q4 24	$86M	$30M
Q1 25	-$11M	-$74M
Q2 25	$98M	$37M
Q3 25	$142M	$42M
Q4 25	$63M	-$6M

Capital Expenditures

Quarter	CapEx
Q1 22	$23M
Q2 22	$26M
Q3 22	$26M
Q4 22	$27M
Q1 23	$31M
Q2 23	$49M
Q3 23	$34M
Q4 23	$46M
Q1 24	$49M
Q2 24	$39M
Q3 24	$41M
Q4 24	$56M
Q1 25	$63M
Q2 25	$60M
Q3 25	$99M
Q4 25	$69M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+10.4%	+9.6%
Q2 22	+10.3%	+11.7%
Q3 22	+20.5%	+18.4%
Q4 22	+3.2%	-8.0%
Q1 23	-6.3%	-1.3%
Q2 23	-12.6%	-10.7%
Q3 23	-14.7%	-6.2%
Q4 23	-7.8%	+2.9%
Q1 24	+4.7%	+0.9%
Q2 24	+10.7%	+7.8%
Q3 24	+7.7%	-3.0%
Q4 24	+14.4%	+20.1%
Q1 25	+13.8%	+8.2%
Q2 25	+20.7%	+18.1%
Q3 25	+22.1%	+20.4%
Q4 25	+18.9%	+8.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	0.7%
Q2 22	$4M	0.7%
Q3 22	$5M	0.8%
Q4 22	$5M	0.9%
Q1 23	$5M	1.0%
Q2 23	$5M	0.9%
Q3 23	$6M	1.1%
Q4 23	$6M	1.1%
Q1 24	$7M	1.2%
Q2 24	$7M	1.1%
Q3 24	$8M	1.4%
Q4 24	$8M	1.2%
Q1 25	$9M	1.4%
Q2 25	$9M	1.3%
Q3 25	$12M	1.5%
Q4 25	$12M	1.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$6M	$33M	$18M
Q2 22	$5M	$48M	$18M
Q3 22	$7M	$41M	$20M
Q4 22	$7M	$35M	$20M
Q1 23	$7M	$35M	$21M
Q2 23	$6M	$38M	$18M
Q3 23	$6M	$39M	$19M
Q4 23	$8M	$38M	$19M
Q1 24	$7M	$44M	$20M
Q2 24	$9M	$39M	$20M
Q3 24	$8M	$43M	$20M
Q4 24	$8M	$45M	$20M
Q1 25	$8M	$44M	$21M
Q2 25	$7M	$50M	$21M
Q3 25	$7M	$49M	$22M
Q4 25	$7M	$50M	$21M

Revenue Segments

Quarter	Aerospace And Defense	Automotive Components	Data Center Computing	Medical Industrial Instrumentation	Networking Communication
Q1 22	$172M	$115M	$92M	$122M	$77M
Q2 22	$190M	$112M	$106M	$133M	$85M
Q3 22	$254M	$101M	$96M	$130M	$91M
Q1 23	$232M	$93M	$58M	$102M	$59M
Q2 23	$254M	$92M	$64M	$90M	$46M
Q3 23	$256M	$87M	$100M	$91M	$40M
Q4 23	$263M	$87M	$97M	$87M	$36M
Q1 24	$265M	$74M	$119M	$80M	$33M
Q2 24	$273M	$83M	$124M	$87M	$38M
Q3 24	$284M	$85M	$120M	$87M	$41M
Q4 24	$306M	$75M	$140M	$83M	$48M
Q1 25	$306M	$72M	$138M	$83M	$50M

Revenue by Geography

Quarter	China	Other Than United States And China	United States
Q1 22	$77M	$240M	$264M
Q2 22	$76M	$275M	$274M
Q3 22	$74M	$254M	$344M
Q1 23	$44M	$189M	$311M
Q2 23	$32M	$196M	$319M
Q3 23	$35M	$218M	$319M
Q4 23	$53M	$203M	$313M
Q1 24	$69M	$200M	$301M
Q2 24	$74M	$222M	$309M
Q3 24	$64M	$236M	$317M
Q4 24	$68M	$277M	$306M
Q1 25	$54M	$237M	$358M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$519M	$0	$519M
Q2 22	$267M	$0	$267M
Q3 22	$336M	$0	$336M
Q4 22	$403M	$0	$403M
Q1 23	$417M	$0	$417M
Q2 23	$399M	$0	$399M
Q3 23	$408M	$0	$408M
Q4 23	$450M	$0	$450M
Q1 24	$440M	$0	$440M
Q2 24	$446M	$0	$446M
Q3 24	$470M	$0	$470M
Q4 24	$504M	$0	$504M
Q1 25	$411M	$0	$411M
Q2 25	$448M	$0	$448M
Q3 25	$491M	$0	$491M
Q4 25	$501M	$0	$501M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	104M	-1.4%	-2.4%
Q2 22	103M	-1.0%	-6.0%
Q3 22	104M	+0.5%	-4.3%
Q4 22	104M	+0.5%	-1.5%
Q1 23	102M	-1.8%	-1.8%
Q2 23	105M	+2.4%	+1.5%
Q3 23	104M	-1.2%	-0.2%
Q4 23	104M	+0.8%	+0.1%
Q1 24	104M	-0.2%	+1.7%
Q2 24	104M	-0.2%	-0.9%
Q3 24	104M	-0.1%	+0.3%
Q4 24	105M	+0.7%	+0.3%
Q1 25	105M	-0.0%	+0.4%
Q2 25	105M	+0.3%	+0.9%
Q3 25	106M	+0.9%	+1.9%
Q4 25	107M	+0.7%	+1.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$36.1K	16K
Q2 22	$38.9K	16K
Q3 22	$41.7K	16K
Q4 22	$38.3K	16K
Q1 23	$30.6K	18K
Q2 23	$30.7K	18K
Q3 23	$32.2K	18K
Q4 23	$36.0K	16K
Q1 24	$36.1K	16K
Q2 24	$38.3K	16K
Q3 24	$39.0K	16K
Q4 24	$39.7K	16K
Q1 25	$39.6K	16K
Q2 25	$44.6K	16K
Q3 25	$45.9K	16K
Q4 25	$42.5K	18K

Revenue / Employee