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TTM Technologies
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Updated Oct 28, 2026
TTM completes $100M buyback, authorizes new $100M program; CEO cites N+M product ramp confidence.
TTM Technologies repurchased 1.16 million shares at an average price of $86.31 per share for $100 million in aggregate value, completing its May 2025 authorization. The Board simultaneously approved a new $100 million share repurchase program through October 2027. CEO Edwin Roks tied the buyback completion to confidence in TTM's growth strategy, specifically citing anticipated revenue growth from the N+M product ramp.
Tone: bullishRevenue
$2.9B
TTMI 10-K · FY 2025
Employees
18,200
Revenue FY2024
$2.4B
Founded
1998
Profile
TTMI 10-K Item 1 · Feb 17, 2026TTM Technologies is a leading global manufacturer of advanced interconnect products, engineered systems, and RF components serving aerospace and defense, data center computing, automotive, medical, and networking end markets. The company operates 24 specialized facilities across North America and Asia and generated approximately $2.9 billion in net sales in 2025. TTM offers a one-stop design, engineering, and manufacturing solution spanning prototype through volume production.
Read filing description ↓ Collapse description ↑
We are a leading global manufacturer of technology products, including mission systems, RF components, RF microwave/microelectronic assemblies, and technologically advanced interconnect products, including PCBs and substrates. In 2025, we generated approximately $2.9 billion in net sales and ended the year with approximately 18,200 employees worldwide. We currently operate a total of 24 specialized facilities in North America and Asia. We focus on providing time-to-market and volume production of advanced technology products and offer a one-stop design, engineering, and manufacturing solution to our customers. This solution allows us to align technology development with the diverse needs of our customers and to enable them to reduce the time required to develop new products and bring them to market. We serve a diversified customer base consisting of approximately 1,300 customers in various markets throughout the world, including aerospace and defense, data center computing, automotive, medical, industrial, and instrumentation, and networking. Our customers include OEMs, EMS providers, ODMs, distributors, and government agencies (both domestic and allied foreign governments). We report our worldwide operations based on three reportable segments: (1) A&D, which consists of 13 domestic system, subsystem, and PCB fabrication plants; (2) Commercial, which consists of three domestic PCB fabrication plants, four PCB fabrication plants in China, one in Malaysia, and one in Canada; and (3) RF&S Components, which consists of one domestic RF component plant and one RF component plant in China.
Primary products
- Radar Systems
- Surveillance Systems
- Communications Systems
- RF and Microwave Assemblies
- Passive RF Components
- Advanced Ceramic RF Components and Modules
Business segments
End markets
Geographies
Named competitors
“We are one of the largest technology manufacturers in North America and have a global sales and manufacturing presence. We believe we have significant economies of scale, an increasing end-to-end value chain solution for customers, a regionally diversified and resilient manufacturing footprint, and the technology breadth and scale to emerge as a preferred partner.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net sales grew from $2.44 billion in fiscal 2024 to $2.91 billion in fiscal 2025, driven primarily by growth in the data center computing end market, which expanded from 20% to 24% of net sales.
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