Reading TTMI? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track TTMI free→Reading TTMI? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track TTMI free→NASDAQInformation TechnologyElectronic ComponentsSnapshot 2026-06-15
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is strong, but earnings quality and management's track record are neutral. The company has a capital-unfriendly stance, and risk is elevated, while the sector backdrop is a tailwind. Peer multiples imply a price about 161% below where it trades (it looks expensive on this basis); the read is expensive, growth-justified, as it is rich on today's multiple, but the three-year horizon reads cheaper once expected earnings growth is included. If TTMI cuts guidance on the next call, that could be a meaningful negative. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 6 valuation methods, at three horizons. Current price $206.66. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $207 TTMI trades at 77× p/e — 2.7× the 29× p/e peer median, and above its own 13× history. The market is re-rating it beyond its own range; our $79 fair value is low-confidence here. Analysts: $135–$215. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 161% near-term growth, well above our forecast of about 20%. This describes what's priced in, not a forecast of the move.
Flags: expensive valuation, a turbulent sector regime (Heating).
For similar setups historically (n=2,301): about 43% saw a 20%+ drawdown, and roughly 77% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated strong grew net income 73% of the time over the next year (vs 58% for the rest of the cohort, n=2777).
Over the trailing year it converted 1.66x of net income into operating cash flow. Historically, Information Technology names rated neutral grew net income 62% of the time over the next year (vs 58% for the rest of the cohort, n=2831).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.86 → $0.93 (+7.9% / 30d). 4 raised, 0 cut, 4 covering analysts.
0 upgrades, 0 downgrades / 30d, 5 maintained. 100% of analysts rate Buy.
3 PT revisions / 30d. Avg target 11.2% above current price.
0 positive, 2 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$314.
How much price usually moves either way.
On a bad day, this stock has moved -$658.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,326.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: This guidance will show if TTM can keep its strong revenue growth. Investors look for consistency in sales growth.
Confirms:Net sales guidance for Q2 2026 falls within the range of $930 million to $970 million.
Disproves:Guidance for Q2 2026 net sales drops below $930 million.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for TTMI yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Entry Into a Material Definitive Agreement. On June 1, 2026 (the “Closing Date”), TTM Technologies, Inc. (the “Company”) entered into a Second Amended & Restated Credit Agreement by and among the Company, the foreign subsidiary borrowers party thereto, any designated borrowers party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the several lenders from time to time parties thereto (the “2026 Credit Agreement”). The 2026 Credit Agreement amends and restates the Company’s exi…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$135.00 – $215.00 (median $192.50) · 6 analysts · as of 2026-05-28
Looks more expensive than peers.
Richer than its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Electronic Manufacturing Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
TTMI TTM Technologies | Typical Show detailsSector percentile: 50 of 100 | expensive | elevated |
TEL TE Connectivity | Above typical Show detailsSector percentile: 79 of 100 | inexpensive | moderate |
FLEX Flex Ltd. | Above typical Show detailsSector percentile: 80 of 100 | full | elevated |
JBL Jabil | Typical Show detailsSector percentile: 66 of 100 | full | moderate |
FN Fabrinet | Typical Show detailsSector percentile: 55 of 100 | expensive | elevated |
7 material management or governance events in the past 24 months, led by executive changes. Historically, Information Technology names rated neutral grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=1040).
Not investment advice. As of 2026-06-15.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on increasing revenue growth through strategic market expansion and product innovation.
Improve operating income through cost management and operational efficiency.
Enhance cash flow from operations to support strategic initiatives and strengthen financial position.
Why it matters: Higher operating income shows good cost control. This could make investors feel positive.
Confirms:Operating income was over $80 million in Q2.
Disproves:Operating income was under $80 million in Q2.
Why it matters: Strong cash flow is vital for funding growth and operations. It reflects financial health.
Confirms:Cash flow from operations was over $20 million.
Disproves:Cash flow from operations was below $20 million.
Why it matters: A declining book-to-bill ratio may signal weakening demand. It could affect future revenue growth.
Confirms:Total book-to-bill ratio drops below 1.35 in Q2 2026.
Disproves:Total book-to-bill ratio remains above 1.35 in Q2 2026.
Why it matters: Strong growth in this segment shows TTM's ability to capture market demand. It impacts overall revenue.
Confirms:Aerospace and Defense sales growth exceeds 10% year over year in Q2 2026.
Disproves:Aerospace and Defense sales growth is below 10% year over year in Q2 2026.
Why it matters: Improving operating income shows TTM is managing costs well. This is crucial for growth.
Confirms:Operating income went up more than 80% from last year.
Disproves:Operating income went up less than 80% from last year.
Why it matters: If growth drops below average, it may show problems in the sector for TTM Technologies.
Confirms:Sector revenue growth reported below its median.
Disproves:Sector revenue growth remains above its median.
Why it matters: Improving cash flow shows TTM is managing its operations well. It supports future growth plans.
Confirms:Cash flow from operations exceeds 5% of net sales in Q2 2026.
Disproves:Cash flow from operations remains below 5% of net sales in Q2 2026.
Why it matters: This is a key measure of TTM's growth strategy. A drop signals trouble.
Confirms:Q2 revenue growth reported below 5% year over year.
Disproves:Q2 revenue growth reported above 5% year over year.
Regulation FD Disclosure. On June 3, 2026, the Company issued a press release announcing the 2026 Credit Agreement (the “Press Release”). A copy of the Press Release is furnished with this Report as Exhibit 99.1 and is incorporated herein by reference. The information furnished in this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabiliti…
Termination of a Material Definitive Agreement. In connection with the 2026 Credit Agreement, on June 1, 2026, the Company terminated (a) the Amended & Restated ABL Credit Agreement, dated as of May 30, 2023, by and among the Company, the several lenders from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Barclays Bank PLC, Bank of America, N.A. and Truist Securities, Inc. as Syndication Agents, and HSBC Securities (USA) Inc., as Documentation Agent, as amen…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosures above under
Material Modifications to Rights of Security Holders. Pursuant to the terms of the 2026 Credit Agreement, the Company is subject to certain restrictions on its ability to declare or pay any dividend or make any other payments or distributions on account of any capital stock of the Company and its restricted subsidiaries. The disclosures above under