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Ttm Technologies Inc - TTMI STOCK NEWS

Welcome to our dedicated page for Ttm Technologies news (Ticker: TTMI), a resource for investors and traders seeking the latest updates and insights on Ttm Technologies stock.

Overview of TTM Technologies Inc

TTM Technologies Inc (TTMI) is a global manufacturer of advanced technology solutions with an unwavering focus on printed circuit boards (PCBs) and radio frequency (RF) components. The company provides high-technology manufacturing services that serve as the electronic backbone for a wide variety of products, ranging from sophisticated smart devices and computerized vehicles to critical aerospace defense systems and modern communication networks. With deep expertise in industrial-grade PCBs and RF/microelectronic assemblies, TTM ensures that products across telecommunications, computing, aerospace, and medical sectors perform reliably and efficiently.

Core Business Areas and Services

TTM organizes its operations into two primary segments: the Printed Circuit Boards segment and the RF & S Components segment. The printed circuit boards segment is at the heart of the company's revenue, offering not only a variety of technologically advanced PCBs but also essential value-added services such as layout design, simulation, and rigorous testing procedures. The RF & S Components segment encompasses specialized radio frequency components, microwave assemblies, and microelectronic solutions that cater to critical applications in both commercial and defense sectors.

Industry Impact and Competitive Position

At its core, TTM Technologies stands as a vital partner in the supply chains of industries that demand fast time-to-market solutions combined with uncompromised quality. Its integrated manufacturing processes and one-stop service model are designed to reduce product development cycles, enabling companies to bring innovative products to market quickly. As a firm immersed in high-performance sectors such as aerospace, defense, and data center computing, TTM maintains a strategic competitive edge through operational excellence and a robust global footprint that spans manufacturing facilities and corporate offices.

Operational Excellence and Technological Prowess

TTM Technologies is recognized for its ability to deliver custom technology solutions that cater to complex, time-critical demands. The company emphasizes engineering precision and process optimization, which are critical to ensuring the superior quality of its PCBs and RF components. Through continuous investment in cutting-edge technologies and manufacturing innovations, TTM supports advanced applications such as next-generation telecommunication networks and sophisticated radar and mission systems used in military aircraft and naval vessels.

Applications and Market Reach

The expansive utility of TTM’s products spans several high-growth market segments. In the telecommunications arena, the company's PCBs form the circuit foundation for modern smartphones and network infrastructure. In the aerospace and defense sectors, TTM’s RF components enable robust and secure communication systems essential for defense and surveillance. Moreover, the contributions of TTM extend to computing, where precision-engineered PCBs and RF assemblies underpin reliable performance in data centers and advanced computing systems, as well as medical devices that demand stringent quality and reliability standards.

Commitment to Quality and Customer Collaboration

TTM Technologies builds its reputation on fundamental values such as honesty, integrity, performance, and clear communication. By fostering a collaborative culture across various disciplines—including manufacturing, engineering, quality assurance, supply chain management, and corporate services—TTM ensures that its comprehensive solutions are both innovative and reliable. This customer-first approach solidifies TTM's role as an essential component of the broader technology ecosystem.

Strategic Market Position and Value Proposition

Positioned within a dynamic and competitive industry landscape, TTM Technologies leverages its unparalleled technical expertise, global manufacturing capabilities, and rapid production cycles to meet the demands of an increasingly interconnected world. Its value proposition is defined by the ability to deliver time-critical, high-quality technology solutions that empower companies to innovate faster while maintaining high standards of performance and operational efficiency.

Conclusion

In summary, TTM Technologies Inc is a highly proficient manufacturer of printed circuit boards and RF components that serves a diverse array of industries. With its advanced manufacturing processes, extensive range of value-added services, and commitment to operational excellence, TTM remains a central player in the global technology supply chain. The company continuously demonstrates its expertise and reliability, ensuring that its customers receive high-quality products designed for the most demanding applications.

Rhea-AI Summary

TTM Technologies (NASDAQ: TTMI) has been awarded Cisco's 2024 Supply Chain Security Champion award at Cisco's annual Supplier Appreciation Event. This prestigious recognition highlights TTM's commitment to securing Cisco's intellectual property and protecting its brand through robust security measures in their operations and supply chain.

Marco De Martin, SVP of Global Supplier Management at Cisco, emphasized the important role of suppliers in providing innovative technology for Cisco's customers. Doug Soder, EVP of TTM's Commercial Sector, expressed gratitude for the recognition, attributing it to the outstanding efforts of TTM's IT and Operations teams.

The event, marking its 33rd consecutive year, served as a platform for Cisco to share strategic priorities with its global supplier network and celebrate exceptional performances in FY24. TTM Technologies is a leading global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and printed circuit boards.

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TTM Technologies, Inc. (NASDAQ: TTMI) has unveiled two new Xinger® Ultra Wide Band Balun Transformers designed for efficient signal conversion. The XMB0220K1-50100G (0.18 – 1.9 GHz) and XMB0465Z1-50100G (0.4 – 6.5 GHz) are ultra-compact, low-profile broadband balanced to unbalanced transformers suitable for diverse end markets, including Test and Measurement, Telecom, COTS Military and Aerospace, 5G, LTE, and Aero Radar.

These transformers offer Common-Mode Rejection Ratio, enabling single-ended signals to be applied to differential ports on various devices. The XMB0220K1-50100G is ideal for Test and Measurement, Telecom, and COTS Mil-Aero applications, while the XMB0465Z1-50100G is suitable for high-level integrations in 5G, LTE, Aero Radar, and L, S & C-Band markets.

Both products are now available for sampling through ttm.com and will be available for purchase later this fall.

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TTM Technologies (NASDAQ: TTMI) has announced its participation in three upcoming investor conferences. The company's management team will attend:

  • The Needham Virtual Industrial Technology, Robotics, and Clean Tech 1x1 Conference on August 19th-20th
  • The Jefferies Semiconductor, IT Hardware and Communications Technology Conference on August 27th at the Four Seasons Hotel in Chicago
  • The Jefferies Industrials Conference on September 4th at the Westin Times Square Hotel in New York, where they will give a presentation at 1:55pm Eastern Time

These conferences provide opportunities for TTM Technologies to engage with investors and showcase their latest developments in the technology and industrial sectors.

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TTM Technologies (NASDAQ: TTMI) reported strong Q2 2024 results, with net sales of $605.1 million, up from $546.5 million in Q2 2023. The company posted GAAP net income of $26.4 million ($0.25 per diluted share) and non-GAAP net income of $40.1 million ($0.39 per diluted share). Cash flow from operations was $41.9 million.

Key highlights include:

  • Repurchased 1.39 million shares for $25.1 million
  • Anticipated refinancing of $346.5 million senior secured term loan at SOFR + 2.25%
  • Strong demand in Aerospace and Defense and Data Center Computing markets
  • Q3 2024 revenue guidance: $580-$620 million
  • Q3 2024 non-GAAP EPS guidance: $0.37-$0.43
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TTM Technologies will host a conference call on July 31, 2024, at 1:00 p.m. Eastern Time to discuss their Q2 2024 performance. The call will be accessible via a registration link provided by the company. Participants will receive dial-in information and a unique PIN upon registration. The webcast will also be available on TTM Technologies' website and remain accessible for one week post-event. The company will release its Q2 2024 financial results before the market opens on the same day.

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TTM Technologies has launched its new Xinger® high-performance 50W directional and hybrid couplers, specifically designed for X-Band commercial-off-the-shelf military and aerospace applications. These compact 5mm x 3.2mm components operate within the 8-12 GHz frequency band and are ideal for tasks such as power and frequency detection, VSWR monitoring, and power splitting. With a peak to average ratio of 12dB and an ENIG finish, these couplers are built for durability in harsh environments. Samples are currently available, and the products will be available for purchase later this summer.

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TTM Technologies, Inc. appointed Wajid Ali to the Board of Directors, replacing outgoing director Dr. Dov S. Zakheim. Mr. Ali, a seasoned executive with over 20 years of experience in the technology industry, brings extensive financial expertise from companies like Lumentum Holdings Inc. and Synaptics Incorporated. The Board now comprises nine directors, with eight meeting NASDAQ's independence criteria.

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TTM Technologies, Inc. (NASDAQ: TTMI) is participating in upcoming investor conferences including Barclays Leveraged Finance Conference, B. Riley Institutional Investor Conference, and Stifel Cross Sector Insight Conference to present to investors.

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TTM Technologies, Inc. reported strong financial results for the first quarter of 2024, with net sales of $570.1 million. GAAP net income was $10.5 million, and non-GAAP net income was $32.8 million. The company repurchased 600,000 shares of common stock. TTM's business outlook for the second quarter of 2024 is positive, with estimated revenues between $560 million to $600 million.

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TTM Technologies celebrates the grand opening of its first manufacturing facility in Penang, Malaysia, investing $200 million to enhance PCB supply chain resilience and geographic diversity. The state-of-the-art plant aims to meet mass production demands in various sectors, creating 1,000 jobs by 2025.
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FAQ

What is the current stock price of Ttm Technologies (TTMI)?

The current stock price of Ttm Technologies (TTMI) is $20.71 as of April 1, 2025.

What is the market cap of Ttm Technologies (TTMI)?

The market cap of Ttm Technologies (TTMI) is approximately 2.1B.

What core products does TTM Technologies manufacture?

TTM Technologies specializes in the production of advanced printed circuit boards and RF components, including RF microwave and microelectronic assemblies.

How does TTM’s business model support quick time-to-market?

By offering integrated manufacturing services that include design, simulation, and testing, TTM reduces product development cycles, ensuring rapid market deployment.

Which industries rely on TTM’s technology solutions?

TTM’s products are used across diverse sectors such as telecommunications, aerospace, defense, computing, and medical applications.

How is the company organized within its operations?

TTM operates primarily through two segments: the printed circuit boards segment and the RF & S Components segment, addressing various high-tech market needs.

What competitive advantages does TTM Technologies offer?

TTM offers operational excellence, a robust global manufacturing footprint, and a comprehensive suite of value-added services that combine to reduce time-to-market for innovative products.

In what ways are TTM’s products crucial to the aerospace and defense sectors?

TTM manufactures high-performance PCBs and RF components that are essential for advanced communication, navigation, and mission-critical systems in aerospace and defense applications.

How does TTM ensure quality in its manufacturing processes?

The company emphasizes rigorous testing, precision engineering, and continuous innovation in its manufacturing processes to maintain high-quality standards across all products.

What value does TTM Technologies bring to its global customers?

TTM delivers solutions designed for complexity and efficiency, enabling its customers to innovate rapidly and maintain competitive advantages in technology-driven markets.
Ttm Technologies Inc

Nasdaq:TTMI

TTMI Rankings

TTMI Stock Data

2.11B
99.36M
1.98%
103.41%
2.6%
Electronic Components
Printed Circuit Boards
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United States
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