TTM Technologies Stock news
On October 22, 2026, TTM Technologies, Inc. (NASDAQ: TTMI) reported its third quarter 2026 financial results, delivering record net sales of $1.20 billion, up 60% year--over--year and surpassing consensus estimates of $1.13 billion. Non--GAAP net income reached $157.8 million, or $1.46 per diluted share, outpacing the company's prior guidance range of $1.21 to $1.27, while Adjusted EBITDA rose to an all--time high of $242.3 million (20.1% margin). Growth was anchored by the Data Center and Networking segment, which jumped 115% year--over--year to account for 41% of total sales amid strong demand for artificial intelligence infrastructure. Despite beating quarterly forecasts, TTMI shares plunged over 21% following the release as fourth--quarter revenue guidance of $1.42 billion to $1.44 billion failed to satisfy heightened investor expectations, compounded by market caution regarding leverage and aggressive capital spending.