Bullish case
$150 to $210
More likely if AI and data-center demand stays strong, TTM keeps beating revenue guidance, margins expand, and investors keep paying a premium multiple.
TTM Technologies, Inc. research snapshot
TTMI AI Stock Analysis
TTMI AI stock analysis currently reads TTM Technologies as a data-center and aerospace/defense components story that has been re-rated by the market. The latest verified close used here is $146.41 on July 10, 2026, which implies a market capitalization of about $15.20 billion. The analysis is not a price prediction. TTM manufactures printed circuit boards, RF assemblies, substrates, and mission systems, and is seeing strong demand in AI server and networking end markets. The main question is whether the current valuation, near 80 times TTM earnings, leaves enough room for the next few years of growth and capital returns. This is informational research and not investment advice.
Current price
$146.41
Market cap
$15.20 billion
AI score
62 / 100
Rating
Strong demand, high valuation, thin margin of safety
Trend status
High volatility after a sharp pullback from June 2026 highs
Data cutoff (updated weekly)
July 12, 2026
Informational use only. This page is not investment advice.
Research quality check
- information Richness
- B-level information richness. TTM has public SEC filings, analyst coverage, and active press, but the stock is newly volatile, the CEO is new, and the AI/data-center narrative can crowd out fundamentals.
- bias Check
- The main AI bias risk is narrative momentum. The data-center and AI theme has driven a large re-rating, so the page separates filing-backed facts from scenario judgments and asks why a disciplined investor might avoid the stock.
- ai Confidence
- Medium-high data confidence for financials, market cap, and filings; lower for forward demand and technical levels in a volatile tape.
- investment Certainty
- Low to medium. The business is tied to strong end markets, but the stock is expensive, capital intensive, and volatile.
Quick verdict table
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | TTM sells engineered PCB, RF, and substrate solutions into aerospace/defense, data-center, networking, medical, automotive, and industrial markets. Revenue is growing but the business is cyclical and capital intensive. | Medium-high |
| Moat | The moat comes from engineering depth, quick-turn prototyping, long-term defense programs, customer qualifications, and scale. It is narrow because competitors can add capacity and pricing pressure is real. | Medium |
| Management | New CEO Edwin Roks started in September 2025 with prior Teledyne leadership. Board continuity and performance-linked equity help, but his TTM-specific track record is short. | Medium |
| Financial trend | TTM revenue reached $3.10 billion on a TTM basis and net income was about $196 million. Operating margin improved to roughly 7%, but free cash flow is thin because of heavy capex. | High |
| Valuation | The stock trades near 80x TTM earnings, 4.9x sales, and 8.3x book value. The price embeds strong growth and a premium multiple. | High |
| Technical trend | TTMI has fallen sharply from a 52-week high of $223.83 and is below the 20-day and 50-day moving averages. The technical setup is mixed and volatile. | Medium |
| Risk level | Key risks are demand cyclicality, customer concentration, capex intensity, tariff and China exposure, new CEO execution, and valuation compression. | High |
| AI confidence | Medium-high data confidence for filings and market cap; lower for future price and demand. | Medium-high data confidence |
| Investment certainty | Low to medium. TTM is a cyclical, capital-intensive business trading at a high multiple. | Low-medium |
TTMI AI stock forecast
TTMI AI Stock Forecast Scenarios
The TTMI AI stock forecast uses scenario ranges around the $146.41 cutoff price. It does not claim that AI can predict a specific future price. The bullish case depends on continued AI and data-center demand, margin expansion, and a sustained premium multiple. The base case assumes earnings growth but a lower multiple. The bearish case assumes demand slowdown or margin pressure.
Base case
$100 to $145
More likely if earnings grow at a mid-teens rate but the P/E compresses from the current 80x toward a 30x to 40x range as growth normalizes.
Bearish case
$70 to $100
More likely if demand softens, the capex cycle disappoints, competition pressures pricing, or the market resets the stock to a mid-teen multiple.
TTMI AI technical analysis
TTMI AI Technical Analysis
TTMI AI technical analysis starts from the July 10, 2026 close of $146.41. Public technical sources show the stock below its 20-day and 50-day moving averages after a sharp pullback from the June 2026 52-week high. This page does not fetch live data, so confirm levels on a live chart before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $146.41 | Latest verified close used for this page as of the July 10, 2026 market close. |
| Near support | $141 to $149 | Daily support and resistance zone reported by public technical sources around the cutoff. |
| Secondary support | $130 to $135 | Below the July 8 low of $136.21. A sustained break would weaken the near-term setup. |
| Near resistance | $150 to $155 | Previous support turned resistance and the 50-day moving average area. |
| 20-day moving average | About $180 to $195 | Public technical sources showed the 20-day moving average well above the current price. |
| 50-day moving average | About $150 to $155 | TTMI is trading below the 50-day moving average area, a sign of near-term weakness. |
| 200-day moving average | About $95 to $100 | The long-term moving average is far below the current price, showing the large run-up over the past year. |
| Momentum | Mixed, MACD negative | Momentum indicators are not extreme. The sharp pullback leaves readings mixed and dependent on the next daily close. |
| Volume | Below 20-day average on some down days | Volume during parts of the pullback was below average, so a reversal should be confirmed by broader participation. |
| Volatility | ATR 14 around $14 to $15 | Position sizing should allow for large daily moves. |
| Invalidation | Close below $140, then $130 | A close below the daily support zone weakens the near-term setup. A break below $130 would challenge the pullback structure. |
TTMI AI trading strategy
TTMI AI Trading Strategy Framework
The TTMI AI trading strategy is a rules-based framework, not personalized advice. It combines business evidence, technical confirmation, position sizing, and clear invalidation levels.
Trend-following setup
Wait for TTMI to reclaim the $150 to $155 area with improving volume before treating any bounce as a higher-probability continuation.
A failed breakout or close below the $140 daily support should reduce confidence in the setup.
Mean-reversion setup
If TTMI stabilizes near $141 to $145 without a fundamental break, compare the price with the next earnings date and demand signals before acting.
Do not average down solely because the stock is off its highs. Define the maximum loss and review valuation first.
Fundamental monitor
Track Q2 2026 earnings expected around July 29, 2026, data center and networking revenue, gross margin, capex guidance, and management commentary on AI demand.
Lower the rating if revenue growth slows while the stock still trades at a premium multiple.
Investment research summary
Four-master Research Compression
Business essence
TTM manufactures critical printed circuit boards, RF and microwave assemblies, microelectronics, and substrates for aerospace, defense, data-center, networking, medical, automotive, and industrial customers. Customers pay for speed, precision, and certifications.
Moat
The moat comes from engineering depth, quick-turn prototyping, long-standing defense programs, customer qualifications, and a global footprint. It is narrow because competitors can add capacity and pricing pressure is real.
Munger risk inversion
The thesis can fail if AI and data-center demand softens, defense budgets flatten, capex returns disappoint, tariffs raise costs, or the market compresses the current premium multiple.
Management
Edwin Roks became CEO in September 2025, bringing prior Teledyne leadership. The board kept former CEO Thomas Edman in a governance role. Pay is weighted toward equity and performance, but Roks has a short TTM track record.
Industry trend
TTM sits at the intersection of AI data-center buildouts, defense modernization, networking, and automotive electronics. These trends are strong, but the PCB industry is cyclical and price competitive.
Valuation and margin of safety
At roughly 80x TTM earnings and 4.9x sales, the stock prices in years of strong growth. A margin of safety requires either faster growth or a much lower entry price.
Source-backed data
TTMI Data Table
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| TTMI price | $146.41 close on July 10, 2026 | MunafaSutra and CompaniesMarketCap | July 12, 2026 |
| Market capitalization | $15.20 billion, verified as $146.41 x 103,832,000 shares | financial_rigor.py and CompaniesMarketCap | July 12, 2026 |
| Shares outstanding | 103,832,000 as of July 2026 | CompaniesMarketCap | July 12, 2026 |
| TTM revenue | $3.10 billion | SEC 10-K/10-Q and CompaniesMarketCap | July 12, 2026 |
| TTM net income | About $196.2 million | financial_rigor.py and SEC-derived TTM calculation | July 12, 2026 |
| TTM EPS | $1.84 per diluted share | SEC 10-K/10-Q and Yahoo Finance | July 12, 2026 |
| Q1 2026 net sales | $845.976 million | TTM Technologies Q1 2026 Form 10-Q | July 12, 2026 |
| Q1 2026 net income | $49.988 million | TTM Technologies Q1 2026 Form 10-Q | July 12, 2026 |
| Total debt and cash | $1.04 billion total debt and $0.41 billion cash as of March 2026 | CompaniesMarketCap and SEC 10-Q | July 12, 2026 |
| Valuation math | 79.59x TTM PE, 8.31x PB, 4.90x PS from financial_rigor.py | financial_rigor.py valuation verification | July 12, 2026 |
| Moving averages and support/resistance | 20-day MA about $180 to $195, 50-day MA about $150 to $155, daily support $141.32, daily resistance $148.71 | MunafaSutra and ChartMill | July 12, 2026 |
| CEO appointment | Edwin Roks appointed CEO, effective September 2, 2025 | TTM SEC Form 8-K | July 12, 2026 |
Frequently Asked Questions
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This TTMI AI stock analysis is an informational tool for research and education only. It is not investment advice, a recommendation, or a guarantee of future performance. Forecast ranges are scenarios based on available data as of July 12, 2026 and can be wrong.
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