Is TTM Technologies’ Record Sales and CEO Transition Reshaping Its Long-Term Growth Story (TTMI)?

• TTM Technologies recently reported second-quarter 2025 results, with sales growing to US$730.62 million and net income rising to US$41.53 million, supported by strong demand in aerospace, defense, data center computing, and networking markets.
• The company also announced CEO Thomas T. Edman’s planned retirement after leading a period of significant transformation, facility expansion, and increased focus on high-growth technology sectors.
• We’ll examine how TTM’s record first-half sales and new manufacturing investments might influence the company’s long-term growth outlook.

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TTM Technologies Investment Narrative Recap

To be a shareholder in TTM Technologies, you need to believe in the company's ability to sustain strong growth from its aerospace, defense, and high-end computing segments while successfully executing major facility expansions in the US and Malaysia. The recent record second-quarter earnings and positive outlook reinforce confidence in these growth drivers, but the near-term shift in CEO leadership is not expected to materially affect the company’s biggest short-term catalyst, which remains the ramp-up of its new advanced manufacturing capabilities. The principal risk for investors continues to be any delays or disruptions in new facility ramp-ups, which could impact operational efficiency and margin improvement.

Among recent announcements, the company’s acquisition of a large manufacturing facility in Wisconsin stands out as especially relevant. This expansion directly supports TTM's push into advanced electronics for aerospace and data center markets, advancing the key catalyst of operational scalability and margin enhancement as new programs and technologies come online.

However, investors should be aware that any difficulties in ramping up new manufacturing capacity may expose TTM to...

Read the full narrative on TTM Technologies (it's free!)

TTM Technologies' outlook anticipates $3.0 billion in revenue and $236.3 million in earnings by 2028. This is based on a 5.9% annual revenue growth rate and a $158.3 million increase in earnings from the current $78.0 million.

Uncover how TTM Technologies' forecasts yield a $56.75 fair value, a 27% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members offered just 2 fair value estimates for TTM Technologies, ranging widely from US$23.63 to US$56.75 per share. Such a gap highlights how much opinions can differ amid the company's push into new markets and the critical importance of smooth facility ramp-ups for future profitability.

Explore 2 other fair value estimates on TTM Technologies - why the stock might be worth 47% less than the current price!

Build Your Own TTM Technologies Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your TTM Technologies research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free TTM Technologies research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate TTM Technologies' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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