Core Viewpoint - TTM Technologies, Inc. announces the retirement of Thomas Edman and John Mayer from the Board of Directors, effective May 7, 2026, following the company's annual meeting of stockholders, and introduces Daniel G. Korte and Ryan D. McCarthy as new board members to enhance the board's capabilities and support growth in the Aerospace and Defense market [1][3][4]. Board Changes - Thomas Edman, former President and CEO, and John Mayer, current Class III board member, will retire from the Board effective May 7, 2026 [1]. - Daniel G. Korte has been appointed as a Class I director to fill the vacancy created by Edman's retirement, with a term expiring at the 2028 annual meeting of stockholders [2]. - Ryan D. McCarthy has been appointed as a Class III director, succeeding John Mayer, with a term expiring at the 2027 annual meeting of stockholders [3]. Leadership Appreciation - Rex Geveden, Chair of the Board, expressed gratitude for Edman’s visionary leadership and Mayer’s contributions, particularly in PCB manufacturing [4]. - Dr. Edwin Roks, President and CEO, acknowledged Edman's 22 years of board leadership and Mayer's 26 years of service, emphasizing their impact on the company's current standing [4]. New Board Members' Background - Daniel G. Korte is a seasoned aerospace and defense executive with a history of driving revenue growth and profitability, having served as Global Vice President of Aerospace at PPG Industries and CEO of LMI Aerospace [5]. - Ryan D. McCarthy, former U.S. Army Secretary, has extensive experience in aerospace and defense, including roles at Lockheed Martin and as an Operating Partner at Capitol Meridian Partners [6][8].

Core Insights - TTM Technologies (TTMI) is set to report its fourth-quarter 2025 results on February 4, with expected net sales between $730 million and $770 million, reflecting a 15.55% year-over-year increase [1] - The company anticipates non-GAAP earnings per share in the range of 64 to 70 cents, with a consensus estimate of 68 cents, indicating a 13.33% growth year-over-year [2] Demand and Revenue Growth - Demand from data center computing and networking markets is accelerating due to the expansion of generative AI, with data center computing revenues increasing by 44% year-over-year in Q3 2025, expected to account for 28% of total Q4 sales [3] - The networking segment also saw a 35% year-over-year growth, driven by sustained AI demand and new product introductions, contributing positively to TTMI's fourth-quarter performance [3] Aerospace and Defense Segment - The aerospace and defense (A&D) segment is providing strong revenue stability, with a program backlog of approximately $1.46 billion, supported by robust demand due to defense budget increases and significant bookings for key platforms [4] - A&D is expected to represent around 42% of total revenues, likely bolstering fourth-quarter results [4] Capacity Expansion Initiatives - TTMI is expanding its capacity to meet rising demand in AI-driven markets, with the Penang, Malaysia facility ramping up and expected to contribute to revenue growth in Q4 2025 [5] - The development of the Ultra-HDI PCB facility in Syracuse, NY, is progressing, with volume production anticipated in the second half of 2026, supporting advanced PCB demand [5] Automotive Market Challenges - The automotive segment is facing challenges, with revenues declining to 11% of total sales in Q3 2025 from 14% in the previous year, and expected to contract further to around 9% in Q4 [6] - This segment is anticipated to negatively impact overall results due to continued weakness in demand [6] Overall Performance Expectations - TTMI is expected to report double-digit revenue and earnings growth for Q4 2025, benefiting from strong AI-led growth in data center and networking markets, while the automotive segment remains a headwind [7] - The company's current Earnings ESP is 0.00% with a Zacks Rank of 1, indicating uncertainty regarding an earnings beat this time [8]

Core Insights - TTM Technologies, Inc. and Raytheon have signed a multi-year agreement valued at $200 million to supply radio frequency assemblies, electronic hardware, and printed circuit boards for Raytheon's Lower Tier Air and Missile Defense Sensor (LTAMDS) [1][2] Group 1: Agreement Details - The agreement enhances TTM's support for LTAMDS development and production-readiness, ensuring alignment with program schedules and customer milestones [2] - The multi-year contract allows Raytheon to meet an accelerated delivery schedule while reducing costs [2] Group 2: TTM's Role and Capabilities - TTM designs, manufactures, and tests critical components such as the Beam Forming Network, printed wiring boards, and specialized assemblies for LTAMDS and GhostEye radars [3] - Multi-year commitments enable TTM to invest in capacity and improve lead-time stability, ultimately increasing value for customers and taxpayers [3] Group 3: Strategic Importance - The agreement underscores the importance of U.S.-based electronics manufacturing for integrated air and missile defense, aligning with the Department of War's focus on strengthening supply chains and accelerating delivery of essential capabilities [4]

Core Insights - TTM Technologies, Inc. and Raytheon have signed a multi-year agreement valued at $200 million to provide radio frequency assemblies, electronic hardware, and printed circuit boards for Raytheon's Lower Tier Air and Missile Defense Sensor (LTAMDS) [1][2] Group 1: Agreement Details - The agreement enhances TTM's support for LTAMDS development and production-readiness, ensuring alignment with program schedules and customer milestones [2] - The multi-year contract allows Raytheon to meet an accelerated delivery schedule while reducing costs [2] Group 2: TTM's Role and Capabilities - TTM designs, manufactures, and tests critical components such as the Beam Forming Network (BFN) and specialized assemblies for LTAMDS and GhostEye radars [3] - Multi-year commitments enable TTM to invest in capacity and improve lead-time stability, ultimately increasing value for customers and taxpayers [3] Group 3: Strategic Importance - The agreement reinforces the long-standing partnership between TTM and Raytheon, highlighting the importance of U.S.-based electronics manufacturing for integrated air and missile defense [4] - This partnership aligns with the Department of War's focus on strengthening supply chains and accelerating the delivery of essential capabilities [4]

Index Changes - S&P Dow Jones Indices will implement changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective January 30 and February 2, 2026 [1][3] - TTM Technologies (TTMI) will be added to the S&P MidCap 400, replacing Civitas Resources (CIVI), which is being acquired by SM Energy [1][3] - Amneal Pharmaceuticals (AMRX) will be added to the S&P SmallCap 600, replacing TTM Technologies [1][3] - Dutch Bros (BROS), Advanced Energy Industries (AEIS), and American Healthcare REIT (AHR) will be added to the S&P MidCap 400 on February 2, 2026, with Comerica (CMA), Cadence Bank (CADE), and PotlatchDeltic (PCH) being removed [1][3] - Apellis Pharmaceuticals (APLS) and LegalZoom.com (LZ) will be added to the S&P SmallCap 600, replacing Advanced Energy Industries and Elme Communities (ELME), respectively [1][3] Acquisition Details - SM Energy is acquiring Civitas Resources, and the deal is expected to close soon, with SM Energy remaining in the S&P SmallCap 600 post-merger [3] - Rayonier is acquiring PotlatchDeltic, and will remain in the S&P MidCap 400 after the merger [3] - Fifth Third Bancorp is acquiring Comerica, which will also remain in the S&P MidCap 400 post-acquisition [3] - Huntington Bancshares is acquiring Cadence Bank, with Cadence being removed from the S&P MidCap 400 [3] - Elme Communities is undergoing liquidation activities, making it no longer suitable for the S&P SmallCap 600 [3]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, but identifying such stocks can be challenging due to their inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - TTM Technologies (TTMI) is currently highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly attractive as it signals strong future prospects [4] - TTM's historical EPS growth rate stands at 14.5%, with projected EPS growth of 26.8% this year, surpassing the industry average of 23.9% [5] Group 3: Asset Utilization and Sales Growth - TTM's asset utilization ratio (sales-to-total-assets ratio) is 0.78, indicating higher efficiency in generating sales compared to the industry average of 0.72 [6] - The company's sales are expected to grow by 11.5% this year, significantly outpacing the industry average of 4.9% [7] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions are crucial, with TTM experiencing an 8.6% increase in current-year earnings estimates over the past month [8] Group 5: Overall Positioning - TTM has achieved a Growth Score of B and a Zacks Rank 1 due to favorable earnings estimate revisions, positioning it well for potential outperformance in the growth stock category [10]

Core Viewpoint - TTM Technologies, Inc. is set to discuss its fourth quarter and fiscal year 2025 performance in a conference call scheduled for February 4, 2026, highlighting its ongoing commitment to transparency and investor engagement [1][3]. Group 1: Conference Call Details - The conference call will take place on February 4, 2026, at 4:30 p.m. Eastern Time, hosted by President & CEO Edwin Roks and Executive Vice President & CFO Dan Boehle [1]. - Participants can register for the call to receive dial-in information and a unique PIN, with registration available until the start of the call [2]. - The call will also be available via a live webcast on the company's website, which will remain accessible for one week after the event [2]. Group 2: Financial Results Announcement - TTM Technologies will release its fourth quarter and fiscal year 2025 financial results after the market closes on February 4, 2026, indicating a significant upcoming event for stakeholders [3]. Group 3: Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology products, including mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards [4]. - The company emphasizes its time-to-market capabilities, which enable customers to reduce the time required to develop and launch new products [4].

Core Viewpoint - TTM Technologies Inc. (NASDAQ:TTMI) has seen a significant stock price increase of 36.7% week-on-week, reaching an all-time high, following a price target upgrade from Truist Financial and positive financial targets announced by the company [1][2]. Group 1: Stock Performance and Upgrades - TTM Technologies' stock was upgraded by Truist Financial from $91 to $113, maintaining a "buy" recommendation [1]. - Needham also raised its price target for TTM Technologies by 33% from $79 to $105, while also keeping a "buy" recommendation [4]. Group 2: Financial Targets and Growth Expectations - The company aims to double its earnings per share and achieve annual sales growth of 15% to 20% over the next two years, following an 18% revenue growth in the last reported quarter of 2025 [2]. - For the fourth quarter of 2025, TTM Technologies targets net sales between $730 million and $770 million, with diluted earnings per share projected at $0.60 to $0.70 [5]. Group 3: Growth Drivers - The price target upgrade by Truist is based on optimism regarding TTM Technologies' growth in AI and expected margin expansion due to increased production in Penang, Malaysia [3]. - Truist also raised its 2027 EPS forecast for TTM Technologies to $4.27 from $3.80, indicating potential for further upside from AI and defense sectors [3].

Core Viewpoint - TTM Technologies, Inc. specializes in manufacturing printed circuit boards and RF components, which are essential for high-performance products in sectors such as defense, AI data centers, automobiles, and medical equipment [1] Company Overview - TTM Technologies focuses on producing objective, data-driven research primarily about small- to mid-cap companies, which are often overlooked by many investors [1] Industry Context - The company's products are critical in various high-growth industries, indicating a strong potential for future demand driven by advancements in technology and increased reliance on electronic components [1]

Core Insights - TTM Technologies, Inc. (TTMI) has shown strong performance at the beginning of the year and is expected to continue this trend into 2025 [1] Company Performance - The company is being analyzed for its detailed performance metrics to identify potential investment opportunities [1] Investment Strategy - The investment approach focuses on a long-term horizon, typically between 5 to 10 years, emphasizing a balanced portfolio of growth, value, and dividend-paying stocks, with a particular inclination towards value stocks [1]