TTM Technologies, Inc. (TTMI) Stock

TTM Technologies, Inc. (TTMI) is a Technology stock trading at $114.29 (as of 2026-08-20), with a market capitalization of $11.87B and a trailing P/E of 50.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

TTM Technologies, Inc. manufactures and sells printed circuit boards and related electronic components through two segments: PCB and RF and Subsystems Components. Its offerings include conventional and advanced PCB types, RF and microwave components and circuits, and related assemblies and design/testing services for customers such as original equipment manufacturers and electronic manufacturing services companies serving aerospace and defense, data center computing, automotive, medical, and industrial markets.

Understand TTM Technologies, Inc.: how it makes money

TTM Technologies manufactures and sells printed circuit boards (PCBs) and radio frequency (RF) components, generating revenue by delivering these electronics products and related assemblies and system integration to customers.

TTM's profit model is dominated by its PCB business, where overall results depend heavily on how Commercial and Aerospace & Defense net sales flow through the main manufacturing segment, with the smaller RF&S segment contributing a limited share of revenue.

Revenue by segment (latest quarter)
PCB$0.8B
RF&S$0.0B

Business quality (Solid): Clear two-segment structure (PCB and RF&S Components), with the PCB segment providing most revenue. Key watch items are the business-line revenue mix (Commercial versus Aerospace & Defense), but the operating outcome is exposed to end-market demand swings and manufacturing cost and utilization pressure.

Valuation: At 97× earnings, TTMI trades 89% above the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

  • Focused product platform in PCBs and RF solutions: TTM operates in two reportable segments, PCB and RF&S Components, and offers a wide set of PCB types and RF-related products including RF and microwave circuits, high density interconnect PCBs, rigid-flex PCBs, and custom assemblies and system integration products.
  • Diversified end-market exposure within the PCB segment: Within PCBs, TTM reports both Commercial and Aerospace & Defense revenue sources, which can provide some mix stability versus relying on a single customer group.

Bear case

  • PCB results drive most of the story: Because PCB is the dominant segment by revenue, weakness in Commercial or Aerospace & Defense demand can have an outsized impact on total company performance.
  • Smaller RF&S segment may limit upside from that area: The RF&S Components segment appears to contribute a very small portion of revenue, so meaningful improvement would likely depend on execution and order growth there.
  • Manufacturing business is exposed to demand and cost pressure: As a manufacturer and seller of electronics components, TTM can face margin and operating pressure when customer volumes soften or when input and production costs do not align with pricing and mix.
Valuation — source: SEC EDGAR (first-party)
Price$114.29
Market Cap$11.87B
P/E Ratio50.3
EV / EBITDA27.8
Price / Book6.14
Price / Sales3.44
FCF Yield-1.8%
DCF Value (model)$14.10
DCF Upside vs Price-87.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.91B
Net Margin6.1%
Revenue Growth (YoY)19.0%
EPS Growth (YoY)214.5%
FCF Growth (YoY)-101.3%
Financial Health — source: SEC EDGAR
Altman Z-Score5.05 (safe)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E50.3
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
vs Sector48.2%
vs Industry27.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($1.33B)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEOEdwin Roks
Employees16,400
CountryUS
IPO Date2000-09-25

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TTMI earnings history · TTMI institutional & insider holders · TTMI KPIs & operating metrics · TTMI financials · TTMI investor presentations & press releases · TTMI SEC filings · TTMI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.