TTM Technologies Reports Strong Revenue Growth Amid AI Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
0mins
Should l Buy TTMI?
Source: Business Insider
TTM Technologies Inc saw its stock rise by 5.12% as it reached a 5-day high, reflecting positive investor sentiment.
The company reported a 19% revenue increase to $2.9 billion for fiscal 2025, with forecasts indicating a sales growth of 15% to 20% in 2026, driven by strong demand in the AI sector. This robust performance highlights TTM's competitive edge in the market, particularly as the AI infrastructure market continues to expand significantly.
The implications of this growth are substantial, as TTM Technologies positions itself favorably within the booming AI market, attracting investor interest and potentially leading to further stock appreciation.
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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: 95.700
Low
72.00
Averages
80.75
High
91.00
Current: 95.700
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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- CoreWeave Revenue Surge: In 2025, CoreWeave's revenue soared to $5.1 billion, a 168% increase from $1.9 billion in 2024, with expectations to double again in 2026, highlighting its strong demand and growth potential in the AI infrastructure market.
- TTM Technologies Growth: TTM Technologies reported a 19% revenue increase to $2.9 billion for fiscal 2025, with forecasts of 15% to 20% sales growth in 2026, indicating robust competitiveness and market demand driven by AI.
- Fastly Revenue Record: Fastly achieved a revenue of $624 million in 2025, up 14.7% from $543.7 million in 2024, with projections for 2026 sales between $700 million and $720 million, demonstrating market potential despite ongoing losses.
- AI Market Outlook: Statista forecasts the AI market will expand from nearly $350 billion in 2026 to $1.7 trillion by 2031, attracting significant investor interest in AI stocks, reflecting the industry's long-term growth potential.
See More
AI Drives Revenue Growth for Companies
- CoreWeave Revenue Surge: CoreWeave's revenue reached $5.1 billion in 2025, a 168% increase from $1.9 billion in 2024, with expectations to double this year to $12 billion to $13 billion, highlighting strong demand and growth potential in the AI infrastructure market.
- TTM Technologies Strong Performance: TTM Technologies reported a 19% revenue increase to $2.9 billion for fiscal 2025, with anticipated sales growth of 15% to 20% in fiscal 2026, reflecting its competitive edge and sustained profitability driven by AI demand.
- Fastly Record Revenue: Fastly achieved a record revenue of $624 million in 2025, up from $543.7 million in 2024, and despite still being unprofitable, its net loss improved from $158.1 million in 2024 to $121.7 million, indicating a positive financial trend.
- AI Market Outlook: According to Statista, the artificial intelligence market is projected to grow from $350 billion in 2026 to $1.7 trillion by 2031, fostering optimistic sentiment among retail investors towards AI stocks, which further drives investment and growth in related companies.
See More
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- Hiring Data Recovery: The U.S. private sector added 63,000 jobs in February, exceeding expectations and marking the strongest gain since last summer, although manufacturing saw a loss of 5,000 jobs, indicating uneven recovery across sectors.
- Stable Wage Growth: Year-over-year wage growth for retained workers held steady at 4.5%, yet the concentration of hiring in just a few sectors like education, health services, and construction fails to reflect a broadly strong labor market.
- Manufacturing Stocks Focus: Investors are closely monitoring fundamental strength and stock selection in U.S. manufacturing equities, particularly against the backdrop of hiring pressures in the sector, making prudent investment choices crucial.
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Park West Asset Management Acquires TTM Technologies Shares
- New Investment Position: Park West Asset Management disclosed a new position in TTM Technologies on February 17, 2026, acquiring 543,167 shares valued at $37.48 million during Q4, indicating confidence in the company's growth potential.
- Significant Performance Growth: TTM Technologies reported a 19% revenue increase in Q4, reaching $774.3 million, with non-GAAP EPS of $0.70 and adjusted EBITDA margins expanding to 16.3%, showcasing strong performance in high-demand markets.
- Optimistic Market Outlook: The company achieved full-year sales of $2.9 billion, also up 19%, driven by demand for generative AI, particularly in data center computing and aerospace and defense, reflecting sustained market demand.
- Strategic Investment Implications: Park West's acquisition not only diversifies its portfolio but also brings specialized hardware investment tied to AI infrastructure, with expectations for TTM to achieve 15% to 20% revenue growth in 2026.
See More
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- New Investment Highlight: Metavasi Capital LP acquired 171,202 shares of TTM Technologies in Q4 2025, valued at approximately $11.81 million, making it the fund's eighth-largest holding, indicating a bullish outlook on TTM.
- Significant Performance Growth: TTM Technologies reported a 19% year-over-year sales increase in Q4 2026, reaching $774.3 million, with net income soaring from $5.2 million in 2024 to $50.7 million, reflecting strong market demand.
- Outstanding Stock Performance: As of February 17, 2026, TTM's stock price stood at $90.91, up 249.1% over the past year, significantly outperforming the S&P 500 by 231.79 percentage points, showcasing the company's competitiveness in high-growth markets.
- Cautious Investment Advice: Despite TTM's stock nearing a 52-week high of $111 and a price-to-earnings ratio of about 64, analysts recommend that investors wait for a price correction before considering entry to mitigate investment risks.
See More
Metavasi Capital Acquires $11.8 Million Stake in TTM Technologies
- New Investment Highlight: Metavasi Capital LP disclosed a new stake in TTM Technologies by acquiring 171,202 shares in Q4 2026, valued at approximately $11.81 million, indicating strong bullish sentiment and making it the firm's eighth largest holding.
- Significant Performance Growth: TTM Technologies reported a 19% year-over-year increase in Q4 2026 sales to $774.3 million, with net income soaring from $5.2 million in 2024 to $50.7 million, reflecting robust demand in the data center market.
- Outstanding Stock Performance: As of February 17, 2026, TTM shares were priced at $90.91, marking a 249.1% increase over the past year, significantly outperforming the S&P 500 by 231.79 percentage points, showcasing market confidence in its future growth.
- Investor Caution Advised: Despite TTM Technologies' impressive performance, analysts recommend caution for investors considering buying at high valuations, suggesting they wait for a more favorable entry point to avoid overpaying.
See More
AI Market Booms, Benefiting Companies Like CoreWeave
- CoreWeave Revenue Surge: In 2025, CoreWeave's revenue soared to $5.1 billion, a 168% increase from $1.9 billion in 2024, with expectations to double again in 2026, highlighting its strong demand and growth potential in the AI infrastructure market.
- TTM Technologies Growth: TTM Technologies reported a 19% revenue increase to $2.9 billion for fiscal 2025, with forecasts of 15% to 20% sales growth in 2026, indicating robust competitiveness and market demand driven by AI.
- Fastly Revenue Record: Fastly achieved a revenue of $624 million in 2025, up 14.7% from $543.7 million in 2024, with projections for 2026 sales between $700 million and $720 million, demonstrating market potential despite ongoing losses.
- AI Market Outlook: Statista forecasts the AI market will expand from nearly $350 billion in 2026 to $1.7 trillion by 2031, attracting significant investor interest in AI stocks, reflecting the industry's long-term growth potential.
See More
AI Drives Revenue Growth for Companies
- CoreWeave Revenue Surge: CoreWeave's revenue reached $5.1 billion in 2025, a 168% increase from $1.9 billion in 2024, with expectations to double this year to $12 billion to $13 billion, highlighting strong demand and growth potential in the AI infrastructure market.
- TTM Technologies Strong Performance: TTM Technologies reported a 19% revenue increase to $2.9 billion for fiscal 2025, with anticipated sales growth of 15% to 20% in fiscal 2026, reflecting its competitive edge and sustained profitability driven by AI demand.
- Fastly Record Revenue: Fastly achieved a record revenue of $624 million in 2025, up from $543.7 million in 2024, and despite still being unprofitable, its net loss improved from $158.1 million in 2024 to $121.7 million, indicating a positive financial trend.
- AI Market Outlook: According to Statista, the artificial intelligence market is projected to grow from $350 billion in 2026 to $1.7 trillion by 2031, fostering optimistic sentiment among retail investors towards AI stocks, which further drives investment and growth in related companies.
See More
U.S. Private Sector Hiring Shows Modest Recovery
- Hiring Data Recovery: The U.S. private sector added 63,000 jobs in February, exceeding expectations and marking the strongest gain since last summer, although manufacturing saw a loss of 5,000 jobs, indicating uneven recovery across sectors.
- Stable Wage Growth: Year-over-year wage growth for retained workers held steady at 4.5%, yet the concentration of hiring in just a few sectors like education, health services, and construction fails to reflect a broadly strong labor market.
- Manufacturing Stocks Focus: Investors are closely monitoring fundamental strength and stock selection in U.S. manufacturing equities, particularly against the backdrop of hiring pressures in the sector, making prudent investment choices crucial.
- Quant Ratings Reveal Opportunities: According to Seeking Alpha's Quant Ratings, TTM Technologies (TTMI) leads with a near-perfect score of 4.97, indicating that despite hiring challenges, several stocks in electronic manufacturing services and autos exhibit strong growth potential.
See More
Park West Asset Management Acquires TTM Technologies Shares
- New Investment Position: Park West Asset Management disclosed a new position in TTM Technologies on February 17, 2026, acquiring 543,167 shares valued at $37.48 million during Q4, indicating confidence in the company's growth potential.
- Significant Performance Growth: TTM Technologies reported a 19% revenue increase in Q4, reaching $774.3 million, with non-GAAP EPS of $0.70 and adjusted EBITDA margins expanding to 16.3%, showcasing strong performance in high-demand markets.
- Optimistic Market Outlook: The company achieved full-year sales of $2.9 billion, also up 19%, driven by demand for generative AI, particularly in data center computing and aerospace and defense, reflecting sustained market demand.
- Strategic Investment Implications: Park West's acquisition not only diversifies its portfolio but also brings specialized hardware investment tied to AI infrastructure, with expectations for TTM to achieve 15% to 20% revenue growth in 2026.
See More
Metavasi Capital Acquires Stake in TTM Technologies
- New Investment Highlight: Metavasi Capital LP acquired 171,202 shares of TTM Technologies in Q4 2025, valued at approximately $11.81 million, making it the fund's eighth-largest holding, indicating a bullish outlook on TTM.
- Significant Performance Growth: TTM Technologies reported a 19% year-over-year sales increase in Q4 2026, reaching $774.3 million, with net income soaring from $5.2 million in 2024 to $50.7 million, reflecting strong market demand.
- Outstanding Stock Performance: As of February 17, 2026, TTM's stock price stood at $90.91, up 249.1% over the past year, significantly outperforming the S&P 500 by 231.79 percentage points, showcasing the company's competitiveness in high-growth markets.
- Cautious Investment Advice: Despite TTM's stock nearing a 52-week high of $111 and a price-to-earnings ratio of about 64, analysts recommend that investors wait for a price correction before considering entry to mitigate investment risks.
See More
Metavasi Capital Acquires $11.8 Million Stake in TTM Technologies
- New Investment Highlight: Metavasi Capital LP disclosed a new stake in TTM Technologies by acquiring 171,202 shares in Q4 2026, valued at approximately $11.81 million, indicating strong bullish sentiment and making it the firm's eighth largest holding.
- Significant Performance Growth: TTM Technologies reported a 19% year-over-year increase in Q4 2026 sales to $774.3 million, with net income soaring from $5.2 million in 2024 to $50.7 million, reflecting robust demand in the data center market.
- Outstanding Stock Performance: As of February 17, 2026, TTM shares were priced at $90.91, marking a 249.1% increase over the past year, significantly outperforming the S&P 500 by 231.79 percentage points, showcasing market confidence in its future growth.
- Investor Caution Advised: Despite TTM Technologies' impressive performance, analysts recommend caution for investors considering buying at high valuations, suggesting they wait for a more favorable entry point to avoid overpaying.
See More
