TTM Technologies Inc. Reports Strong Q1 Performance Amid Analyst Optimism

TTM Technologies Inc., a Nasdaq-listed company specializing in the manufacturing of printed circuit boards, has reported a robust first quarter in 2025. The company, which serves original equipment manufacturers and electronic manufacturing services companies, has seen a 14% increase in revenue and achieved record non-GAAP operating margins, despite facing challenges in the automotive sector.

Analyst Outlook and Stock Performance

On May 1, 2025, Needham raised its target price for TTM Technologies to $35, maintaining a “Buy” rating. This optimistic outlook is supported by four analysts who have provided a positive assessment of the company’s future prospects. The stock has shown a strong performance, with a close price of $20.02 on April 29, 2025, and a 52-week high of $30.41 on February 5, 2025. However, it also experienced a 52-week low of $15.77 on April 6, 2025.

Earnings Call Highlights

During the Q1 2025 earnings call, TTM Technologies highlighted its strong revenue growth and record non-GAAP operating margins. The company reported earnings of $0.31 per share, a significant increase from $0.10 per share in the same quarter of the previous year. The bottom line totaled $32.18 million, compared to $10.47 million last year. These results surpassed both earnings and revenue estimates, contributing to a positive market reaction.

Market Capitalization and Financial Ratios

TTM Technologies boasts a market capitalization of $2.04 billion. The company’s price-to-earnings ratio stands at 37.01, reflecting investor confidence in its growth potential. The company’s initial public offering took place on September 21, 2000, and it continues to be a significant player in the electronic equipment, instruments, and components industry.

Technical Performance and Future Outlook

A Relative Strength Rating upgrade indicates improving technical performance for TTM Technologies, although it remains shy of a key threshold. Investors and analysts will be closely monitoring the company’s future performance, especially as it prepares to present its full quarterly results on April 30, 2025.

In summary, TTM Technologies Inc. has demonstrated strong financial performance in Q1 2025, supported by positive analyst outlooks and robust earnings results. The company continues to navigate challenges in the automotive sector while maintaining its position as a key player in the electronic components industry.