TTM Technologies

TTM Technologies is a US manufacturer of advanced electronics, specialising in printed circuit boards, radio-frequency components, microelectronics and systems for demanding applications. It serves markets including defence and aerospace, data centres, telecommunications, automotive, industrial and medical applications, providing a relatively indirect exposure to the growth of technology infrastructure.

TTMI attracted attention through exceptional growth connected to AI, networking, data centres and defence. Quarterly revenue was growing approximately 37%, book-to-bill was 1.49 and demand in the business's most important areas remained strong.

The CEO's purchase of approximately US$1.12 million strengthened the case, but clear weaknesses remained: previous insider selling, a valuation that quickly became more demanding and higher leverage following the Epiq acquisition.

CEO Edwin Roks bought 10,000 shares at US$111.77 on 25 August 2026, approximately US$1.12 million.

The CEO's 25 August purchase coincided with quarterly growth of approximately 37% and strong demand in AI, data centres and defence. The Epiq acquisition, debt and earlier insider sales required assessment alongside that growth.

TTM Technologies manufactures printed circuit boards and advanced electronics for AI and data centres, networking, aerospace and defence.

Second-quarter revenue was approximately US$1 billion, up 37%. GAAP EPS was US$0.77 and book-to-bill was 1.49, meaning incoming orders exceeded billed revenue.

Growth was the strongest scorecard component at 10/10. AI, data centres and defence were driving expansion substantially above the company's historical growth rate.

The later assessment showed a high trailing P/E of approximately 53x, but a forward P/E near 19x, reflecting expectations of strong earnings growth. That lower forward multiple depends on the anticipated earnings being achieved.

Insider history was one of the main deductions. There had been enough earlier selling that the CEO's purchase could not be treated as an unqualified positive signal.

1. AI and data centres

Capital expenditure in these areas can increase demand for more complex printed circuit boards.

2. Defence

Demand for advanced defence electronics can support further growth.

3. Networking

Network investment can increase the electronic content needed per system.

1. Epiq integration

The approximately US$1.1 billion acquisition requires sound operating integration. Difficulties could reduce the expected benefits.

2. Debt

The acquisition increased debt. Projected net leverage near 2.3x leaves less flexibility if business slows.

3. AI expectations

A slowdown after expectations have risen strongly could pressure forecast earnings and valuation.

Following the signal, the share quickly reached approximately US$133.77 before giving back much of the rise.

US$110–114 became a critical zone because it overlapped the CEO's purchase price. A break below US$109–110 on strong volume would indicate deterioration; the zone was not a guaranteed floor.

The Monthly score of 8.6 reflected a still-reasonable structural trend, tempered by volatility and extension following the rally. Detailed monthly indicators were not archived.

Monthly reading: the long-term structure received a favourable assessment with reservations about volatility. No additional archived indicators are available.

TTMI · NASDAQ · USD. Ordinary share.

TTMI qualified as 9+ because of growth and the setup at that time, while Insider History and Risk/Balance remained among its weakest areas. The signal never implied a business without material risks.

Growth was the principal strength; earlier insider sales, the balance sheet and acquisition integration were the main weaknesses. The 22 September review lowered the score to 8.5, while public tracking of the original signal continues through M6.