TTM Technologies authorizes up to $100M buyback
The new authorization permits repurchases through October 27, 2027, but does not require TTM to purchase any particular amount.
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Rhea-AI Filing Summary
TTM Technologies, Inc. completed its 2025 share repurchase program, and its board authorized a new program allowing repurchases of up to $100 million of outstanding common stock through October 27, 2027. The new authorization does not require TTM to repurchase any particular amount and may be suspended or discontinued without prior notice.
Under the completed program, TTM repurchased approximately 1.16 million shares on October 26 and October 27, 2026, at an average price of $86.31 per share, including commissions, for an aggregate value of approximately $100 million, using cash on hand. Those purchases were made in the open market at prevailing market prices. Under the new authorization, management will determine timing, manner, price and amount based on factors including liquidity, capital requirements, cash flows, market conditions, and legal or contractual restrictions. Permitted methods include open-market and privately negotiated transactions and Rule 10b5-1 plans.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 | Regulation FD Disclosure. |
On October 27, 2026, TTM Technologies, Inc. (the “Company”) issued a press release announcing that the Company’s Board of Directors authorized and approved a new share repurchase program (the “Press Release”). Under the new program, the Company may repurchase up to $100 million in value of the Company’s outstanding shares of common stock from time to time through October 27, 2027. The Company also announced the completion of its previously authorized share repurchase program, which was announced on May 8, 2025. A copy of the Press Release is attached to this Current Report on Form 8-K (this “Report”) as Exhibit 99.1 and is incorporated by reference into this Item 7.01.
The information furnished in this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Cautionary Note Regarding Forward-Looking Statements
This Report, including Exhibit 99.1, contains forward-looking statements that relate to future events. The Company cautions you that such statements are simply predictions and actual events or results may differ materially. These statements reflect the Company’s current expectations, and the Company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this Report or other Company statements will not be realized. The statements also involve risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results to differ materially from the forward-looking statements. For a description of additional factors that may cause the Company’s actual events or results to differ from any forward-looking statements, please review the information set forth in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the Securities and Exchange Commission.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits
The following exhibits are filed with this Report:
| Exhibit Number |
Description | |
| 99.1 | Press Release dated October 27, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| TTM TECHNOLOGIES, INC. | ||||||
| Date: October 28, 2026 | /s/ Daniel J. Weber | |||||
| By: Daniel J. Weber | ||||||
| Executive Vice President, Chief Legal Officer & Secretary | ||||||
Exhibit 99.1
| Contact: Sean K.F. Hannan Vice President, Investor Relations Sean.Hannan@ttmtech.com +1 339 466 7737 |
TTM Announces Completion of Existing 2025 Share Repurchase Program and Authorization of New $100 Million Program
SANTA ANA, Calif., October 27, 2026 – TTM Technologies, Inc. (NASDAQ:TTMI), a leading global manufacturer of technology products, including mission systems, radio frequency (“RF”) components, RF microwave/microelectronic assemblies, and technologically advanced interconnect products, including printed circuit boards and substrates, today announced it has completed its existing authorized share repurchase program, which was previously announced on May 8, 2025 (the “2025 Share Repurchase Program”). Pursuant to the 2025 Share Repurchase Program, the Company repurchased a total of approximately 1.16 million shares of its common stock with cash on hand, with all such repurchases occurring on October 26, 2026 and October 27, 2026 at an average price of $86.31 per share (including commissions) for an aggregate value of approximately $100 million.
“Our repurchases under our 2025 Share Repurchase Program underscore our confidence in TTM’s growth strategy, including the anticipated growth from the ramp in sales of the Company’s N+M products.” Said Dr. Edwin Roks, President and Chief Executive Officer of TTM.
The repurchases under the 2025 Share Repurchase Program were made in the open market at prevailing market prices in compliance with applicable securities laws, including the safe harbor provisions of Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.
Authorization of New $100 Million Repurchase Program
Also on October 27, 2026, the Company’s Board of Directors authorized a new share repurchase program (the “2026 Share Repurchase Program”), allowing the Company to repurchase its outstanding common stock up to an aggregate value $100 million from time to time until October 27, 2027.
The timing, manner, price and amount of any share repurchases under the 2026 Share Repurchase Program will be determined by the Company’s management based on various factors, such as available liquidity, anticipated capital requirements, cash flows, general market conditions, applicable legal and contractual restrictions and other relevant considerations. The 2026 Share Repurchase Program may be executed through open market purchases, privately negotiated transactions and other methods, including through Rule 10b5-1 plans. The authorization does not obligate the Company to acquire any particular amount of common stock and the program may be suspended or discontinued at the Company’s discretion without prior notice.
| Contact: Sean K.F. Hannan Vice President, Investor Relations Sean.Hannan@ttmtech.com +1 339 466 7737 |
About TTM
TTM Technologies, Inc. is a leading global manufacturer of technology products, including mission systems, radio frequency (“RF”) components, RF microwave/microelectronic assemblies, and technologically advanced interconnect products, including PCBs and substrates. TTM stands for time-to-market, representing how TTM’s time-critical, one-stop design, engineering and manufacturing services enable customers to reduce the time required to develop new products and bring them to market. Additional information can be found at www.ttm.com.
Safe Harbor Statement
This press release may contain forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: the Company’s financial condition, liquidity and capital requirements, acquisition and investment opportunities, our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The reader is cautioned not to rely on these forward-looking statements. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.