TTM Technologies stock fell 25.85% to $75.74 in intraday Nasdaq trading on October 22, 2026, even as the technology-products manufacturer reported record third-quarter sales and adjusted earnings. The sharp decline accompanied stronger year-over-year results and forecasts for further growth, but the available information does not establish a specific reason for the selling.
Key Takeaways
- Shares lost $26.41 from the previous close, with trading volume already above the stated daily average.
- Third-quarter revenue rose 59.9% to $1.20 billion, while GAAP diluted earnings increased to $0.79 per share.
- Management’s forecasts include completed acquisitions but exclude pending deals, including the proposed Ophir Optics purchase.
Table of Contents
- TTM Technologies stock falls sharply during the session
- Record sales come with stronger profitability
- Guidance includes closed deals, not pending acquisitions
- Conclusion
TTM Technologies stock falls sharply during the session
The $75.74 quote was an intraday observation, not a closing price. Shares had closed the previous session at $102.15 and opened at $83.75 before trading between $74.72 and $84.09.
Trading volume reached 7.23 million shares, compared with a stated average of 2.72 million—about 2.7 times that benchmark before the session had finished.
The decline occurred on the day of the earnings announcement. Without analyst-consensus figures or other evidence explaining investor expectations, the price move alone does not show whether investors were reacting to results, guidance or another consideration.
| Item | Details |
|---|---|
| Fourth-quarter 2026 revenue guidance | $1.42 billion–$1.44 billion |
| Fourth-quarter 2026 adjusted diluted EPS guidance | $1.77–$1.83 |
| Full-year 2026 revenue guidance | $4.47 billion–$4.49 billion |
| Full-year 2026 adjusted diluted EPS guidance | $4.97–$5.03 |
| Preliminary full-year 2027 revenue forecast | $6.50 billion–$6.75 billion |
| Preliminary full-year 2027 adjusted diluted EPS forecast | $8.10–$8.90 |
Record sales come with stronger profitability
TTM’s third-quarter 2026 results announcement covers the quarter ended September 28. Revenue reached $1.20 billion, compared with $752.7 million a year earlier, while GAAP net income increased to $84.8 million from $53.1 million. Diluted earnings rose from $0.50 to $0.79 per share.
Non-GAAP net income reached $157.8 million, or $1.46 per diluted share, compared with $71.0 million, or $0.67 per share, a year earlier. These adjusted figures are distinct from GAAP earnings and exclude specified expenses and other items.
Adjusted EBITDA margin expanded to 20.1% from 16.1%, a four-percentage-point improvement. Operating cash flow totaled $154.7 million.
Chief Executive Edwin Roks said all key markets contributed to growth. Data Center and Networking sales rose 115% and represented 41% of total revenue, with the company citing continued artificial-intelligence demand. Aerospace and Defense sales increased 21%, while that end market’s program backlog stood at $2.0 billion.
Guidance includes closed deals, not pending acquisitions
Management projected further sales and adjusted earnings growth for the fourth quarter and issued a preliminary full-year 2027 forecast. The earnings-per-share ranges below are non-GAAP guidance, not reported results.
The outlook includes contributions from the completed Swiss Technology Group and Epiq Solutions acquisitions, along with associated financing costs. It excludes acquisitions that have not closed, so the forecasts do not represent the potential combined business after every announced transaction.
Among the excluded deals is the proposed $650 million all-cash purchase of Ophir Optics from MKS, announced on October 19. TTM expects to fund that transaction through cash on hand, future cash flow and borrowings under its existing revolving credit facility.
The planned purchases of Merlin Circuit Technology and Merlin Flex in the United Kingdom, and ILFA in Germany, are also excluded from guidance. TTM expects those transactions to close during the fourth quarter of 2026.
Conclusion
The next operating benchmark is TTM’s fourth-quarter guidance, alongside the expected closing of its European PCB acquisitions. Those milestones will help distinguish performance from the businesses already included in the outlook from contributions that remain outside it.
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Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
