TTM Technologies Set to Report Q4 Earnings Amid Strong Industry Momentum
TTM Technologies (NASDAQ:TTMI), a leading manufacturer of printed circuit boards, is scheduled to announce its fourth-quarter earnings after the market closes on Wednesday. The report comes at a time of heightened investor interest in the tech hardware sector, which has shown resilience amid broader market fluctuations.
In the previous quarter, TTM outperformed expectations, posting revenue of $752.7 million—a 22.1% year-over-year increase that surpassed analyst forecasts by 6%. The company also exceeded projections for earnings per share, setting a positive tone for the upcoming announcement.
For the current quarter, Wall Street anticipates revenue of approximately $752.3 million, reflecting a 15.6% rise compared to the same period last year. Adjusted earnings are forecasted at $0.68 per share. Notably, analysts have maintained their estimates over the past month, signaling confidence in TTM's execution. Over the last two years, the company has consistently met or exceeded revenue expectations, with an average beat of 4%.
The broader tech hardware and electronics segment offers mixed signals. Recent reports from peers like Amphenol, which saw revenue jump 49.1% and beat estimates by 3.3%, and Plexus, which delivered a 9.6% increase in line with expectations, suggest a varied landscape. However, market reactions diverged: Amphenol shares fell 10% post-announcement, while Plexus gained 9.3%.
Investor sentiment in the sector remains cautiously optimistic, with average stock prices rising 1.6% over the past month. TTM has notably outpaced its peers, surging 54% during the same period. The current analyst price target stands at $103.25, slightly below today's trading price of $103.75.
Industry Perspective: The PCB market continues to benefit from demand in automotive, aerospace, and telecommunications infrastructure. TTM's positioning in high-reliability applications could provide a buffer against cyclical downturns, though supply chain constraints remain a watchpoint.
What Readers Are Saying
“As a long-term shareholder, I’ve been impressed with TTM’s consistency. Their focus on high-margin, complex boards sets them apart in a commoditized industry.” — Michael R., Portfolio Manager, Boston
“These earnings are make-or-break. The stock has run up too far, too fast—anything short of a massive beat will trigger a sell-off. The guidance better be flawless.” — Sarah K., Independent Trader, Chicago
“Comparing TTM to Amphenol isn’t apples-to-apples. TTM’s diversification into defense and medical segments gives it a steadier profile, which the market might be undervaluing.” — David L., Industry Analyst, San Diego
“I’m tired of the hype around ‘beat and raise’ cycles. PCB manufacturing isn’t a growth industry—it’s a cyclical one. Investors chasing momentum here are ignoring fundamentals.” — Jessica T., Financial Blogger, Austin