TTM Technologies, Inc. (TTMI) - Stock Analysis
Last updated: Jun 13, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
TTM Technologies is riding AI/datacenter and defense demand: recent S&P MidCap 400 inclusion, a multiâyear ~$200M Raytheon supply deal, 22% sales growth, and sizable backlogs, with the stock up ~35% over 21 days and ~22% above its 21âday SMAâstrong but extended momentum that can still fuel nearâterm gains.
Loading chart data...
AI Analyst Overview
Loading chart data...
Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠Stable margins ⢠Weak cash flow ⢠High leverage TTMI delivered stable low-to-mid single-digit profitability and solid liquidity, but heavy leverage, capital intensity, weak free cash flow, and a rich valuation make the stock look less attractive.
Price Behavior
Key Price Behavior Insights: ⢠Sharp rebound ⢠Resistance test ⢠Support holding Support Level: $167-$174 Resistance Level: $190-$197 Over the last month, TTMI has trended higher but remained volatile, rebounding sharply from $167.62 and now testing the $190-$197 resistance zone while holding key support in the low-$170s.
Sentiment & News
Key News Insights: ⢠AI demand ⢠Defense backlog ⢠Valuation pressure TTMI headlines point to strong AI/defense-driven growth and backlog visibility, but persistent valuation concerns and share-price volatility suggest the rally still depends on continued execution.
AI Summary
TTMI now looks more like an AI/defense growth story than a cyclical hardware name, with strong backlog and FY2026 revenue/margin targets supporting upside, but the investment case still hinges on proving it can convert that demand into durable free cash flow as capex, leverage, and rich valuation leave little room for an execution miss.
Description
TTM Technologies, Inc. manufactures and sells a broad range of printed circuit boards and RF components for customers worldwide, operating through PCB and RF&S Components segments. Its product lineup spans conventional and advanced PCB technologies, RF and microwave parts, IC substrates and multi-chip modules, plus assemblies and system integration, supported by design, testing and rapid-turn services. The company serves OEMs and EMS providers across aerospace and defense, data centers, automotive, medical and industrial markets and is headquartered in Santa Ana, California, since its incorporation in 1978.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Apr 13 | Apr 20 | TTMI | TTM Technologies, Inc. | TTM Technologies is riding AI/datacenter and defense demand: recent S&P MidCap 400 inclusion, a multiâyear ~$200M Raytheon supply deal, 22% sales growth, and sizable backlogs, with the stock up ~35% over 21 days and ~22% above its 21âday SMAâstrong but extended momentum that can still fuel nearâterm gains. | Closed | +1.9% |
| Feb 24 | Mar 3 | TTMI | TTM Technologies, Inc. | Backlog strength ($1.61B, bookâtoâbill 1.46), heavy exposure to AI/data center and aerospace & defense, a potential ~$200M Raytheon agreement, and S&P MidCap 400 inclusion have driven a breakout (~12.5% in 21 days, ~10% above 21âday SMA); this combination of structural demand plus index/contract catalysts supports TTMI as a short-term AI/defense momentum name despite rich valuation and capexâdriven FCF pressure. | Closed | -2.5% |
| Jan 26 | Feb 2 | TTMI | TTM Technologies, Inc. | TTM Technologies benefits from AI and defense sales growth, solid backlog, rising technical momentum, and positive institutional interest, indicating near-term price appreciation potential. | Closed | +8.6% |