Bullish case
$150 to $220
More likely if Q2 2026 earnings on August 5 beat, AI and data-center demand stays strong, margins expand toward the $4.0 billion 2026 guide, and the stock reclaims the 50-day moving average around $167.
TTM Technologies, Inc. research snapshot
TTMI AI Stock Analysis
TTMI AI stock analysis currently reads TTM Technologies as a data-center, aerospace, and defense components manufacturer whose stock has been through a violent round trip. The latest verified close used here is $115.44 on July 31, 2026, which implies a market capitalization of about $11.98 billion and is down about 21% from the $146.41 close on July 10, 2026. The analysis is not a price prediction. TTM makes printed circuit boards, RF and microwave assemblies, substrates, and mission systems, and management guided 2026 revenue toward about $4.0 billion at the May investor day. But the shares fell about 56% from the June 22 high of $223.83 to the July 29 low of $99.19, a move that public data ties more to valuation compression and momentum unwind than to a specific company event, and trailing free cash flow is currently negative because of heavy capex. The stock still trades near 63 times trailing earnings and about 26 times forward earnings, so the market keeps pricing in strong growth. This is informational research and not investment advice.
Current price
$115.44
Market cap
$11.98 billion
AI score
60 / 100
Rating
Strong growth guide, but negative free cash flow and a still-premium multiple
Trend status
Deep drawdown from the June 22 peak, trading right at the 200-day moving average ahead of the August 5 earnings report
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
Research quality check
- information Richness
- B-level information richness. TTM has SEC filings, analyst coverage, and an active news flow, but the stock is extremely volatile, the CEO is new, and the AI and data-center narrative can crowd out the cyclical nature of the business.
- bias Check
- The main AI bias risk is momentum framing. The stock rose from about $39 to $223 in a year and then lost more than half its value in about five weeks, so the page separates filing-backed facts from scenario judgment and checks whether the recent selloff reflects business or valuation.
- ai Confidence
- Medium-high data confidence for financials, market cap, and consensus estimates; lower for forward demand, the August 5 earnings outcome, and technical levels in a high-volatility tape.
- investment Certainty
- Low. The business has a strong growth guide, but the stock is volatile, capital intensive, currently negative on free cash flow, and still trades at a premium multiple.
Quick verdict table
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | TTM sells engineered PCB, RF, substrate, and mission system solutions into aerospace, defense, data-center, networking, medical, automotive, and industrial markets. Revenue is growing fast, 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 a global footprint. 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. Management raised the 2026 revenue guide to about $4.0 billion at the May investor day, but the TTM-specific track record is still short. | Medium |
| Financial trend | TTM trailing revenue reached $3.10 billion, up about 23% year over year, with trailing net income of about $195 million and EPS of $1.84. Gross margin is about 21%, but trailing free cash flow is about minus $12 million because capex exceeds operating cash flow. | High |
| Valuation | The stock trades near 63x trailing earnings, about 26x forward earnings, 6.5x book value, and about 29x EV to EBITDA. The price embeds strong growth and a premium multiple. | High |
| Technical trend | TTMI fell from a 52-week high of $223.83 on June 22 to a low of $99.19 on July 29, and now sits near the 200-day moving average of about $112.42. The technical setup is weak with oversold momentum readings. | Medium |
| Risk level | Key risks are demand cyclicality, customer concentration, capex intensity, tariff and China exposure, negative free cash flow, new CEO execution, and valuation compression after a large run-up. | High |
| AI confidence | Medium-high data confidence for filings, market cap, and consensus estimates; lower for future price, demand, and the August 5 earnings result. | Medium-high data confidence |
| Investment certainty | Low. TTM is a cyclical, capital-intensive business with strong growth expectations but a still-rich valuation and very high price volatility. | Low |
TTMI AI stock forecast
TTMI AI Stock Forecast Scenarios
The TTMI AI stock forecast uses scenario ranges around the $115.44 cutoff price. It does not claim that AI can predict a specific future price. The bullish case depends on the August 5 report beating expectations, AI and data-center demand staying strong, margin expansion, and the stock reclaiming the 50-day moving average. The base case assumes earnings growth toward consensus while the multiple compresses. The bearish case assumes demand or margin disappointment, continued negative free cash flow, or a reset to a lower multiple.
Base case
$100 to $150
More likely if earnings grow toward the consensus of about $4.04 per share for 2026 but the premium multiple compresses toward a 25x to 35x forward range as the momentum premium fades.
Bearish case
$60 to $100
More likely if demand softens, margin expansion stalls, capex keeps free cash flow negative, or the market resets the stock toward a low-20s forward multiple, which roughly matches the July low area.
TTMI AI technical analysis
TTMI AI Technical Analysis
TTMI AI technical analysis starts from the July 31, 2026 close of $115.44. Public technical sources show the stock far below its 50-day moving average and sitting right at its 200-day moving average after a roughly 56% drawdown from the June 22 high. This page does not fetch live data, so confirm levels on a live chart before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $115.44 | Latest verified close used for this page as of the July 31, 2026 market close. |
| Near support | $111.56 | Barchart first support level, just below the 200-day moving average area around $112.42. |
| Secondary support | $107.68, then $100.34 | Barchart second and third support levels. The July 29 swing low was $99.19, so $100 is the key near-term floor. |
| Near resistance | $122.78, then $130.12, then $134.00 | Barchart resistance levels. The $130 to $134 zone also matches the 50% Fibonacci retracement of the 52-week range. |
| 50-day moving average | About $167 | Public technical sources show the 50-day moving average near $166.99, far above the current price, a sign of near-term weakness. |
| 200-day moving average | About $112.42 | TTMI is trading right at the 200-day moving average, a level the market is currently testing. |
| Fibonacci retracement | 38.2% at $109.73, 50% at $131.51, 61.8% at $153.30 | Retracement levels measured from the $39.20 52-week low to the $223.83 52-week high. |
| Momentum | RSI about 35.65 | Relative strength index is near oversold territory, which can precede a bounce but does not guarantee one. |
| Volume | Elevated on the late-July swings | Volume spiked to 5.9 million and 6.7 million shares on July 28 and July 29 versus a 20-day average of about 2.6 million, then 3.6 million on the July 30 rebound. |
| Volatility | Beta 2.10, implied volatility about 115% | Barchart shows a beta of 2.10 and implied volatility near 115%, with options pricing a roughly $92.93 to $137.95 range over about 19 days. |
| Invalidation | Close below $100, reclaim above $122.78 | A close below the $99 to $100 area would signal further downside. A close above $122.78 with volume would improve the near-term setup. |
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, with extra caution because earnings are due on August 5.
Trend-following setup
Wait for TTMI to close above the $122.78 resistance with volume before treating the slide as over. A move toward $130 to $134 would add conviction.
A failed push or a close back below the $111.56 support keeps the trend bearish and should reduce confidence in the setup.
Mean-reversion setup
RSI near 35 with the price at the 200-day moving average around $112 could support a tactical bounce toward $122 to $134, but size the trade small given the August 5 earnings date.
Do not average down just because the stock is off its highs. Define the maximum loss, respect the $100 floor, and review valuation and free cash flow first.
Fundamental monitor
Watch the Q2 2026 report on August 5: revenue versus the $930 million to $970 million guide, full-year guidance near $4.0 billion, gross margin, capex and free cash flow outlook, AI and data-center commentary, and the status of the European acquisitions.
Lower the rating if management trims guidance while the stock still trades at roughly 26x forward earnings, or if free cash flow stays deeply negative.
Investment research summary
Four-master Research Compression
Business essence
TTM manufactures critical printed circuit boards, RF and microwave assemblies, microelectronics, and mission systems 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 keeps free cash flow negative, tariffs raise costs, the European acquisitions underdeliver, or the market compresses the current premium multiple.
Management
Edwin Roks became CEO in September 2025, bringing prior Teledyne leadership. Management guided 2026 revenue toward about $4.0 billion at the May investor day and kept former CEO Thomas Edman in a governance role, 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, price competitive, and capital intensive.
Valuation and margin of safety
At roughly 63x trailing earnings and about 26x forward earnings, the stock still prices in years of strong growth after a sharp drawdown. A margin of safety requires either faster growth, better free cash flow, or a 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 | $115.44 close on July 31, 2026 | StockAnalysis.com quote | August 2, 2026 |
| Market capitalization | $11.98 billion on August 1, 2026, cross-validated at $11.99 billion by StockAnalysis and Barchart | CompaniesMarketCap, StockAnalysis, Barchart | August 2, 2026 |
| Shares outstanding | 103.84 million | StockAnalysis and CompaniesMarketCap | August 2, 2026 |
| Trailing revenue | $3.10 billion, up about 23% year over year | StockAnalysis.com financials | August 2, 2026 |
| Trailing net income | About $195.3 million | StockAnalysis.com statistics | August 2, 2026 |
| Trailing EPS | $1.84 per diluted share | StockAnalysis.com statistics | August 2, 2026 |
| Valuation math | 62.78x trailing PE, 26.02x forward PE, 6.52x PB, 3.86x PS, 28.92x EV/EBITDA | StockAnalysis.com and financial_rigor.py verification | August 2, 2026 |
| Free cash flow | About minus $11.8 million trailing, capex about $336 million | StockAnalysis.com cash flow | August 2, 2026 |
| Cash and debt | About $414 million cash and $1.05 billion total debt as of the latest filing | StockAnalysis.com balance sheet | August 2, 2026 |
| 52-week price range | $39.20 to $223.83 | StockAnalysis.com and Barchart | August 2, 2026 |
| Moving averages and support and resistance | 50-day MA about $166.99, 200-day MA about $112.42, supports $111.56 / $107.68 / $100.34, resistances $122.78 / $130.12 / $134.00, RSI about 35.65 | Barchart and StockAnalysis | August 2, 2026 |
| Analyst consensus | Strong Buy, average price target $212, range $205 to $220, based on 4 to 6 analysts | StockAnalysis.com forecast and Barchart | August 2, 2026 |
| 2026 consensus | Revenue about $4.0 billion, up about 37.7%, and non-GAAP EPS about $4.04 | StockAnalysis.com forecast | August 2, 2026 |
| Next earnings date | August 5, 2026, after market close; Q2 consensus EPS about $0.84 | StockAnalysis.com and Barchart | August 2, 2026 |
| Russell 1000 inclusion | Joined the Russell 1000 index on June 26, 2026 | TTM Technologies press release via GlobeNewswire | August 2, 2026 |
| European acquisitions | Announced intent on June 17, 2026 to acquire Swiss Technology Group AG and ILFA GmbH | TTM Technologies press release via GlobeNewswire | August 2, 2026 |
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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 August 3, 2026 and can be wrong.
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