TTM Technologies Stock Surges to Fresh Annual Peak

Shares of TTM Technologies powered to a new 52-week high during Wednesday's trading session, extending a significant upward trajectory for the equity. This latest advance comes in the wake of the company's robust third-quarter 2025 financial report and an encouraging forward-looking assessment provided by management.

The company's impressive figures are the direct outcome of a deliberate, long-term strategic pivot. TTM has successfully transitioned from a conventional printed circuit board manufacturer into a provider of advanced electronics for the defense and artificial intelligence infrastructure sectors. These core markets now account for approximately 80 percent of total revenue.

This strategic repositioning is clearly paying dividends, as evidenced by sustained high demand. The company's book-to-bill ratio stands at a healthy 1.15, while its aerospace and defense order backlog totals a substantial $1.46 billion. Investors are evidently rewarding this compelling growth profile, even as the stock trades at a price-to-earnings multiple above the industry average.

Quarterly Results Exceed Expectations

The immediate catalyst for the share price rally was the unexpectedly strong Q3 2025 earnings release. TTM Technologies delivered a decisive beat on analyst estimates, posting adjusted earnings per share (EPS) of $0.67 on revenue of $752.7 million. This revenue figure represents a year-over-year increase of 22.1 percent.

Should investors sell immediately? Or is it worth buying TTM?

Management bolstered this positive sentiment with an optimistic forecast for the current fourth quarter. The company provided guidance for adjusted EPS in the range of $0.64 to $0.70. In response, several market observers have updated their stance. Notably, B. Riley raised its price target to $81 in early December, and Zacks Research upgraded its rating to "Strong Buy."

Capacity Expansion and Future Catalysts

TTM Technologies is actively laying the groundwork for continued growth. The company is investing in new manufacturing capacity, including facilities in Syracuse and Eau Claire, to meet rising demand for AI and defense hardware. These new sites are anticipated to become operational in the second half of 2026.

For shareholders, the next key milestone will be the release of the Q4 2025 financial results, which are scheduled for early February 2026. This report will be closely scrutinized for confirmation that the company is executing on its confident outlook.