TTM Technologies faces rising costs amid resin shortage
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 07 2026
0mins
Source: CNBC
TTM Technologies Inc's stock rose 5.01% and reached a 5-day high amid a broader market increase, with the Nasdaq-100 and S&P 500 both up over 0.6%.
The rise in TTM's stock comes as the company faces significant challenges due to a resin supply disruption caused by Iranian missile strikes, which has halted production at the Jubail petrochemical complex in Saudi Arabia. This disruption is expected to impact electronics pricing, leading TTM to plan a price increase of 5% to 25% on its products to counteract rising raw material costs, particularly affecting lower-margin devices.
As TTM navigates these challenges, the company’s stock performance reflects investor confidence in its ability to adapt to market pressures, even as it warns of potential long-term impacts on electronics pricing if the resin shortage persists.
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Analyst Views on TTMI
Wall Street analysts forecast TTMI stock price to fall
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 187.210
Low
72.00
Averages
80.75
High
91.00
Current: 187.210
Low
72.00
Averages
80.75
High
91.00
About TTMI
TTM Technologies, Inc. is a global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and technologically advanced printed circuit boards (PCB). The A&D segment consists of PCBs, value-added assemblies, microelectronics, RF/microwave components and assemblies, and integrated mission systems. Its products support surveillance, intelligence, communications, and other critical missions for customers in the aerospace and defense industry. Commercial segment consists of PCBs using customer-supplied engineering and design plans supporting customers in the automotive, medical, industrial, and instrumentation, networking, and data center computing end markets. RF&S Components segment consists of TTM designed RF components for commercial customers in the telecommunications, industrial, and instrumentation markets, as well as commercial off-the-shelf components for certain aerospace and defense customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oil Price Volatility: The deal's implications led to a significant drop in oil prices, which could pressure profits in the energy sector and potentially impact stock performance of related companies.
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- Iran Deal Announced: President Trump announced on Sunday that a deal has been reached with Iran, although specific details remain undisclosed, this news could impact international relations and market sentiment.
- Market Reaction Pending: Despite the deal, the stock market's response remains to be seen, as investor expectations regarding future economic trends and policy changes may influence market volatility.
- SpaceX Future Outlook: In this context, the future direction of SpaceX has garnered attention, particularly as changes in international dynamics could affect its commercial space plans.
- Policy Impact Assessment: Analysts note that the Trump administration's foreign policy could have far-reaching effects on global markets, especially in the energy and defense sectors.
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- Policy Impact Assessment: Trump's remarks could have far-reaching implications for U.S.-Iran relations, which may subsequently affect global markets, especially in energy and aerospace investment decisions.
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- Future Production Goals: The company aims to increase annual production to 500,000 units by 2030, which could halve the current price of humanoid robots, approximately $30,000 each, thereby driving broader market acceptance and application.
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- Resin Supply Disruption: The Jubail petrochemical complex in Saudi Arabia has halted production due to Iranian missile strikes, disrupting approximately 70% of the global supply of high-purity polyphenylene ether resin, which is expected to significantly impact electronics pricing.
- PCB Price Surge: According to a Goldman Sachs report, printed circuit board (PCB) prices have risen by up to 40% from March to April, directly affecting the costs of electronic products such as smartphones and computers, leading to increased price pressure on consumers.
- Supply Chain Vulnerability: TTM has indicated that despite its stock price rising over 400% in the past year, it plans to raise product prices by 5% to 25%, reflecting the erosion of profits due to rising raw material costs, particularly in lower-margin devices.
- Long-term Impact Warning: Experts warn that if the resin shortage extends into the autumn, electronics prices could reach their highest levels in a decade, prompting consumers to delay purchases of high-end devices due to rising prices and tight inventory.
See More
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- Liquidity Enhancement: TTM Technologies has successfully closed a $1B senior secured revolving credit facility and repriced and upsized a $400M Term Loan B, significantly strengthening the company's liquidity and providing greater flexibility for strategic growth initiatives.
- Loan Structure Optimization: The new Term Loan B totals $400M and matures in May 2030, while the new multi-currency revolving credit facility offers up to $1B in borrowing capacity and matures in May 2031, replacing the previous $150M U.S. ABL facility and $150M Asia ABL facility.
- Support for Strategic Growth: This financing not only enhances TTM's financial flexibility but also supports its strategic growth plans in AI data centers, defense electronics, and space sectors, which are expected to drive future business expansion.
- Future Revenue Projections: TTM projects Q2 2026 revenue between $930M and $970M, while raising its 2026 capex to $300M-$320M, reflecting the company's confidence in future growth opportunities.
See More
