TTM Technologies: A High-Growth Electronics Play With Increasing Visibility

TTM Technologies is transforming from a PCB manufacturer into a high-value advanced electronics platform, serving AI infrastructure and aerospace & defense markets. TTMI posted 37.4% YoY revenue growth in Q2 2026, with Data Center and Networking sales surging 91% and A&D maintaining double-digit growth. Operating leverage is accelerating: adjusted EPS reached a record $0.99, and margins have expanded for six consecutive quarters, supporting a robust earnings-growth thesis. I rate TTMI a buy, citing improved valuation, strong backlog, expanding capacity, and strategic acquisitions positioning TTMI for sustained outperformance.

TTM Technologies (TTMI) is a global specialty electronics manufacturer that sits behind some of the most demanding applications in modern technology. The company manufactures technologically advanced printed circuit boards (PCBs) and substrates, radio-frequency (RF) and microwave components, microelectronic assemblies, and increasingly sophisticated