TTM Technologies, Inc. reports developments for a technology manufacturing business that supplies mission systems, radio frequency components, RF microwave and microelectronic assemblies, and advanced interconnect products, including printed circuit boards and substrates. Company news commonly covers quarterly results, book-to-bill trends, aerospace and defense program activity, data center and networking demand, and customer awards for radar-related assemblies and electronic hardware.
Updates also include investor presentations, conference-call schedules, business outlook commentary, and board governance changes tied to the company's public-company reporting calendar.
TTM Technologies (NASDAQ:TTMI) completed its 2025 share repurchase program and authorized a new program for up to $100 million.
The completed program repurchased approximately 1.16 million shares on October 26 and October 27, 2026, using cash on hand. The average price was $86.31 per share, including commissions, for an aggregate value of approximately $100 million. The new authorization runs until October 27, 2027. Management will determine repurchase timing and amounts based on liquidity, capital requirements and other factors; the authorization does not require any particular amount of purchases.
TTM Technologies (NASDAQ: TTMI) reported record third-quarter 2026 sales of $1.2 billion, up 60% from a year earlier. GAAP net income rose to $84.8 million, or $0.79 per diluted share, from $53.1 million, or $0.50. Adjusted EBITDA, an adjusted earnings measure, reached $242.3 million, with margin rising to 20.1% from 16.1%. Operating cash flow was $154.7 million.
TTM expects fourth-quarter sales of $1.42 billion–$1.44 billion and adjusted diluted earnings of $1.77–$1.83. Its preliminary 2027 forecast calls for sales of $6.5 billion–$6.75 billion and adjusted diluted earnings of $8.10–$8.90. Guidance includes completed STG and Epiq acquisitions but excludes pending deals. TTM also plans to acquire MKS's Ophir Optics business for $650 million in cash. Net leverage after the Epiq closing was 2.8x on September 30; TTM expects 1.5–2.0x by Ophir's expected closing.
TTM Technologies (NASDAQ: TTMI) has agreed to acquire MKS’s Ophir Optics business for approximately $650 million in an all-cash transaction. The Israel- and Romania-based business makes infrared thermal imaging and laser optics for defense, security and industrial applications.
TTM expects closing in the second quarter of 2027, subject to regulatory approvals and governmental consents and permits. It estimates the price at roughly 10.3x Ophir Optics’ expected FY 2027 Adjusted EBITDA, without synergies, and expects immediate improvement in its adjusted operating earnings margin and non-GAAP diluted earnings per share.
TTM expects to fund the acquisition and its previously announced $400M Asia capital and capacity expansion with cash on hand, expected future cash flow and revolving credit borrowings. The deal excludes MKS’s Ophir Instruments laser characterization business and the Ophir brand.
TTM Technologies (TTMI) will hold a conference call on October 22, 2026, to discuss its third quarter performance. The call begins at 8:30 a.m. Eastern Time, hosted by CEO Edwin Roks and CFO Dan Boehle. Third quarter 2026 financial results will be released before the market opens that day. A live webcast will be available on the company’s website and remain accessible for one week.
TTM Technologies (TTMI) announced a $400 million investment plan to expand AI infrastructure manufacturing capacity in China and Penang, Malaysia.
The spending is incremental to its previously disclosed $1.2 billion commitment for 2025–2029 and covers four facilities in China and its Penang plant. TTM plans to expand within existing facilities, optimizing operational space and adding equipment to scale its advanced N+M interconnect products, including AI-specific printed circuit boards. The company believes using its existing footprint will shorten the time between investment and revenue. Customer discussions indicate expected demand increases; additional investor commentary is expected during the third-quarter 2026 earnings call.
TTM Technologies (NASDAQ: TTMI) has completed its acquisition of Epiq Solutions in an all-cash transaction valued at $1.1 billion. The price is subject to customary closing adjustments. Epiq supplies software-defined radios, radio-frequency products and radiation-tolerant space computing solutions for signals intelligence and electronic warfare applications.
TTM expects the acquired business to immediately increase adjusted EBITDA, an adjusted earnings measure, moderately dilute non-GAAP diluted earnings per share in 2027, and increase that measure in 2028. The purchase was funded with portions of proceeds from a $300 million incremental senior secured term loan A, an $800 million incremental senior secured term loan B and previously issued 6.750% senior notes due 2034. The incremental term loans closed concurrently with the acquisition.
TTM Technologies (TTMI) will exhibit at the electronica India 2026 trade fair in Bangalore from September 16–18, 2026, at Hall 3, Booth B11.
The company will showcase advanced interconnect solutions and integrated systems, including high-speed PCB technology for AI and hyperscale data centers, advanced interconnect and system integration, and next-generation RF and microwave technologies. TTM highlights its N+M asymmetric PCB technologies, which are designed to optimize signal integrity and power delivery on a single board for AI infrastructure and advanced electronics applications. An expert team will be on site to discuss emerging industry trends and future electronics developments.
TTM Technologies (TTMI) has priced $500 million of 6.750% senior unsecured notes due 2034 in a private offering under the Securities Act exemptions.
The sale is expected to close on September 24, 2026, subject to customary conditions, and the notes will be guaranteed by subsidiaries that guarantee TTM’s senior secured credit facilities. TTM intends to use net proceeds, together with expected borrowings from a $300 million incremental term loan A and an $800 million incremental term loan B, to help fund the purchase price for its proposed acquisition of Epiq Solutions, for general corporate purposes including potential repayment of Revolving Credit Facility borrowings used to fund the proposed acquisition of Swiss Technology Group, and to pay related fees and expenses. If the Epiq acquisition is not completed by an Outside Date (with possible extension to May 15, 2027), TTM must redeem the notes at 100% of principal plus accrued interest.
TTM Technologies (TTMI) plans a private offering of $500 million aggregate principal amount of senior unsecured notes due 2034, subject to market and customary conditions.
The notes will be guaranteed by subsidiaries that guarantee TTM’s senior secured credit facilities, subject to exceptions. TTM intends to use net proceeds, together with expected borrowings from a $300 million incremental senior secured term loan A and an $800 million incremental senior secured term loan B, to fund the purchase price of the proposed acquisition of Epiq Solutions, for general corporate purposes including potentially reducing Revolving Credit Facility borrowings for the proposed acquisition of Swiss Technology Group, and to pay related fees and expenses.
If the Epiq Solutions acquisition is not completed by the defined outside date, TTM must redeem the notes at 100% of principal plus accrued interest.
TTM Technologies (NASDAQ: TTMI) agreed to acquire EPIQ Design Solutions LLC and its subsidiaries (“Epiq”) from an affiliate of Veritas Capital for a $1.1 billion purchase price. According to Veritas Capital, the definitive agreement is subject to customary regulatory conditions and is expected to close by the end of 2026.
Founded in 2009, Epiq provides specialized radio technology, including open-architecture software-defined radios and embedded computing, serving commercial, government and defense customers across SIGINT, electronic warfare, unmanned systems and space applications. Under Veritas’ ownership since 2022, Epiq expanded via acquisitions of Xiphos Systems and Cyber Radio Solutions.