- Should You Hold TTMI at 41.1X P/E? 3 Reasons Despite the Premium
May 15, 2026
TTM Technologies TTMI shares are overvalued, as suggested by a Value Score of D. The stock is trading at a premium with a forward 12-month Price/Earnings (P/E) of 41.09X compared with the Zacks Electronics - Miscellaneous Components industry’s 28.22 and Zacks Computer and Technology sector's 25.87X. TTMI is valued above its peers, Amphenol Corporation APH, Sanmina Corporation SANM and TE Connectivity TEL, which trade at 25.45X, 19.63X and 17.04X, respectively.
The premium is supported by accelerating data center and networking revenue, record backlog levels and expanding manufacturing capacity tied to rising AI compute demand, though a meaningful portion of the near-term growth narrative already appears priced in.
TTMI’s P/E F12M RatioZacks Investment Research
Image Source: Zacks Investment Research
On a year-to-date basis, TTMI shares have surged 149.1%, outpacing the Zacks sub-industry's 7.6% decline and the broader sector's 17.3% advance. Among peers, Sanmina Corporation has gained 61.3% while TE Connectivity and Amphenol Corporation have declined 9.1% and 4.4%, respectively, year to date.
TTMI's outperformance reflects growing market recognition of its differentiated positioning in high-complexity printed circuit boards serving AI data center buildouts and defense modernization programs.
TTMI’s YTD PerformanceZacks Investment Research
Image Source: Zacks Investment Research
So how should investors approach TTMI at this stage? Let's take a closer look.
TTMI Benefits From AI Buildout and Defense Modernization
TTM Technologies is well-positioned within two of the most structurally supported demand cycles in electronics manufacturing, namely AI data center infrastructure and defense modernization. The company's advanced printed circuit boards, capable of reaching layer counts up to 140, are becoming central to next-generation AI system architectures as hyperscalers scale compute capacity. With 80% of revenues tied to these two verticals, TTMI's revenue mix is structurally aligned with where capital deployment is accelerating most visibly.
On the defense side, recent program bookings spanning advanced radar systems and a confirmed order tied to the Golden Dome initiative reflect deepening program alignment that extends well beyond near-term budget cycles. The commercial book-to-bill of 1.65 in the first quarter of 2026 indicates demand is running well ahead of current shipments, with the 90-day backlog expanding 52% year over year to $787 million, providing concrete near-term revenue support.
The Zacks Consensus Estimate for 2026 revenues is pegged at $3.83 billion, up 31.65% year over year. The consensus mark for EPS is pegged at $3.60 and has been revised 11.11% upward over the past 30 days, indicating 46.34% growth year over year, suggesting the earnings trajectory remains firmly positive as the company's stated goal to grow revenues 15% to 20% annually over the next three years and double earnings from 2025 to 2027 continues to track ahead of plan.
Story Continues
TTM Technologies, Inc. Price and ConsensusTTM Technologies, Inc. Price and Consensus
TTM Technologies, Inc. price-consensus-chart | TTM Technologies, Inc. Quote
Expanding Capacity Expected to Drive TTMI Margins
TTM Technologies is in the midst of an aggressive capacity expansion cycle that is beginning to translate into tangible margin improvement. The Penang facility in Malaysia, the company's anchor for data center and networking production in Asia, has seen yields improve toward 70% to 80%, approaching a breakeven threshold expected to reduce the current drag on consolidated margins through the second half of 2026.
The Eau Claire facility in Wisconsin follows the same anchor customer model that drove Penang's ramp. With 750,000 square feet across three flexible modules serving both commercial and defense end markets, it has the potential to become a meaningful domestic revenue contributor as onshore manufacturing demand grows, though its margin impact is expected to be more visible in 2027 and beyond.
Capital expenditure guidance for 2026 has been raised to $300 to $320 million from $240 to $260 million, indicating accelerated equipment procurement ahead of anticipated demand. This investment is showing early returns, with operating margins expanding 230 basis points year over year to 12.8% in the first quarter of 2026, driven by higher volumes and a favorable mix shift toward higher complexity boards. As Penang moves toward breakeven and the broader capacity base scales, operating leverage on a higher revenue base is expected to drive further margin expansion through 2027.
TTMI's Cash Outflow Warrants Caution
With a free cash flow of negative $85 million recorded in the first quarter of 2026, reflecting capital expenditures of $107 million, cash consumption is expected to remain elevated through the near term as the global capacity build progresses. CapEx guidance has been raised to $300 to $320 million for 2026, and with the Penang facility yet to reach breakeven, further pressure on cash generation is anticipated before new facilities approach productive capacity.
Should demand moderate or facility ramps take longer than anticipated, incremental demand could be absorbed by established peers, Amphenol Corporation, Sanmina Corporation and TE Connectivity, potentially weighing on TTMI's ability to sustain its current growth trajectory.
Conclusion
TTM Technologies remains well-positioned within AI infrastructure and defense modernization, supported by a record backlog and a capacity expansion program aligned with durable demand tailwinds. However, elevated cash consumption, Penang's below-breakeven status and execution risks tied to accelerated CapEx limit near-term upside visibility following the stock's sharp year-to-date rally.
TTMI currently carries a Zacks Rank #3 (Hold) and a Growth Score of A, suggesting that existing investors may benefit from maintaining their positions, while new investors could benefit from waiting for a more favorable entry point. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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This article originally published on Zacks Investment Research (zacks.com).
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- Should You Hold TTMI at 41.1X P/E? 3 Reasons Despite the Premium
May 15, 2026 · zacks.com
TTM Technologies rides on booming AI and defense demand, but heavy spending and cash outflows could challenge gains after its massive rally.
- 2 High-Flying Stocks Worth Your Attention and 1 We Avoid
May 13, 2026
"You get what you pay for" often applies to expensive stocks with best-in-class business models and execution. While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change.
Finding the right balance between price and quality can challenge even the most skilled investors. Luckily for you, we started StockStory to help you identify the real opportunities. Keeping that in mind, here are two high-flying stocks to hold for the long term and one climbing an uphill battle.
One High-Flying Stock to Sell:
TFS Financial (TFSL)
Forward P/B Ratio: 2.2x
Tracing its roots back to 1938 during the Great Depression era when savings and loans were vital to homeownership, TFS Financial (NASDAQ:TFSL) is a savings and loan holding company that provides mortgage lending, deposit services, and other retail banking products primarily in Ohio and Florida.
Why Should You Dump TFSL?
Muted 3.9% annual net interest income growth over the last five years shows its demand lagged behind its banking peers Net interest margin of 1.7% reflects its high servicing and capital costs Earnings growth underperformed the sector average over the last five years as its EPS grew by just 2% annually
TFS Financial’s stock price of $15.10 implies a valuation ratio of 2.2x forward P/B. Check out our free in-depth research report to learn more about why TFSL doesn’t pass our bar.
Two High-Flying Stocks to Watch:
Coherent (COHR)
Forward P/E Ratio: 43x
Created through the 2022 rebranding of II-VI Incorporated, a company with roots dating back to 1971, Coherent (NYSE:COHR) develops and manufactures advanced materials, lasers, and optical components for applications ranging from telecommunications to industrial manufacturing.
Why Do We Watch COHR?
Annual revenue growth of 19.8% over the last two years was superb and indicates its market share increased during this cycle Projected revenue growth of 34.5% for the next 12 months is above its two-year trend, pointing to accelerating demand Earnings growth has massively outpaced its peers over the last two years as its EPS has compounded at 82.4% annually
Coherent is trading at $334.37 per share, or 43x forward P/E. Is now the right time to buy? Find out in our full research report, it’s free.
TTM Technologies (TTMI)
Forward P/E Ratio: 40x
As one of the world's largest printed circuit board manufacturers with facilities spanning North America and Asia, TTM Technologies (NASDAQ:TTMI) manufactures printed circuit boards (PCBs) and radio frequency (RF) components for aerospace, defense, automotive, and telecommunications industries.
Story Continues
Why Is TTMI a Top Pick?
Market share has increased this cycle as its 17.2% annual revenue growth over the last two years was exceptional Market share is on track to rise over the next 12 months as its 27% projected revenue growth implies demand will accelerate from its two-year trend Earnings per share have massively outperformed its peers over the last two years, increasing by 35.5% annually
At $155.49 per share, TTM Technologies trades at 40x forward P/E. Is now a good time to buy? See for yourself in our comprehensive research report, it’s free.
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- Electronic Components & Manufacturing Stocks Q1 Results: Benchmarking Amphenol (NYSE:APH)
May 13, 2026
As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electronic components & manufacturing industry, including Amphenol (NYSE:APH) and its peers.
The sector could see higher demand as the prevalence of advanced electronics increases in industries such as automotive, healthcare, aerospace, and computing. The high-performance components and contract manufacturing expertise required for autonomous vehicles and cloud computing datacenters, for instance, will benefit companies in the space. However, headwinds include geopolitical risks, particularly U.S.-China trade tensions that could disrupt component sourcing and production as the Trump administration takes an increasingly antagonizing stance on foreign relations. Additionally, stringent environmental regulations on e-waste and emissions could force the industry to pivot in potentially costly ways.
The 10 electronic components & manufacturing stocks we track reported an exceptional Q1. As a group, revenues beat analysts’ consensus estimates by 3.8% while next quarter’s revenue guidance was in line.
Luckily, electronic components & manufacturing stocks have performed well with share prices up 14.6% on average since the latest earnings results.
Amphenol (NYSE:APH)
With over 90 years of connecting the world's technologies, Amphenol (NYSE:APH) designs and manufactures connectors, cables, sensors, and interconnect systems that enable electrical and electronic connections across virtually every industry.
Amphenol reported revenues of $7.62 billion, up 58.4% year on year. This print exceeded analysts’ expectations by 7%. Overall, it was a stunning quarter for the company with an impressive beat of analysts’ EPS guidance for next quarter estimates and a solid beat of analysts’ revenue estimates.
“We are pleased to have closed the first quarter of 2026 with record sales and Adjusted Diluted EPS, both exceeding the high end of our guidance,” said Amphenol President and Chief Executive Officer, R. Adam Norwitt.Amphenol Total Revenue
Amphenol scored the fastest revenue growth of the whole group. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 10.3% since reporting and currently trades at $128.85.
Read why we think that Amphenol is one of the best electronic components & manufacturing stocks, our full report is free.
Story Continues
Best Q1: TTM Technologies (NASDAQ:TTMI)
As one of the world's largest printed circuit board manufacturers with facilities spanning North America and Asia, TTM Technologies (NASDAQ:TTMI) manufactures printed circuit boards (PCBs) and radio frequency (RF) components for aerospace, defense, automotive, and telecommunications industries.
TTM Technologies reported revenues of $846 million, up 30.4% year on year, outperforming analysts’ expectations by 6.9%. The business had an incredible quarter with a solid beat of analysts’ EPS guidance for next quarter estimates and an impressive beat of analysts’ revenue estimates.TTM Technologies Total Revenue
The market seems happy with the results as the stock is up 13.1% since reporting. It currently trades at $155.49.
Is now the time to buy TTM Technologies? Access our full analysis of the earnings results here, it’s free.
Slowest Q1: CTS (NYSE:CTS)
With roots dating back to 1896 and a global manufacturing footprint, CTS (NYSE:CTS) designs and manufactures sensors, connectivity components, and actuators for aerospace, defense, industrial, medical, and transportation markets.
CTS reported revenues of $139.2 million, up 10.7% year on year, exceeding analysts’ expectations by 1.8%. It may have had the worst quarter among its peers, but its results were still good as it also locked in a beat of analysts’ EPS and revenue estimates.
Interestingly, the stock is up 14% since the results and currently trades at $61.85.
Read our full analysis of CTS’s results here.
Coherent (NYSE:COHR)
Created through the 2022 rebranding of II-VI Incorporated, a company with roots dating back to 1971, Coherent (NYSE:COHR) develops and manufactures advanced materials, lasers, and optical components for applications ranging from telecommunications to industrial manufacturing.
Coherent reported revenues of $1.81 billion, up 20.5% year on year. This result topped analysts’ expectations by 1.5%. Overall, it was an exceptional quarter as it also recorded revenue guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EPS guidance for next quarter estimates.
The stock is down 3% since reporting and currently trades at $334.37.
Read our full, actionable report on Coherent here, it’s free.
Flex (NASDAQ:FLEX)
Originally known as Flextronics until its 2016 rebranding, Flex (NASDAQ:FLEX) is a global manufacturing partner that designs, engineers, and builds products for companies across industries from medical devices to solar trackers.
Flex reported revenues of $7.48 billion, up 16.9% year on year. This print beat analysts’ expectations by 7.5%. It was an exceptional quarter as it also put up an impressive beat of analysts’ revenue and EPS estimates.
Flex scored the biggest analyst estimates beat among its peers. The stock is up 48% since reporting and currently trades at $142.75.
Read our full, actionable report on Flex here, it’s free.
Market Update
Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?
These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.
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StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.
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- TTMI's Penang Ramp Advances: Can Margin Expansion Continue Ahead?
May 13, 2026
TTM Technologies' TTMI Penang facility ramp is becoming an important operational lever as the company works to improve manufacturing efficiency and sustain margin expansion. The Malaysia-based site supports advanced printed circuit board production, particularly for higher-complexity applications, making execution at the facility increasingly relevant to TTMI's profitability profile.
The ramp appears to be progressing steadily following earlier startup inefficiencies that weighed on margins. During the first quarter of 2026, TTMI highlighted meaningful improvements in manufacturing yields for key programs, with yields climbing from roughly 40% in prior periods to a range of 70% to 80%, indicating that production execution and process stability are improving as volumes scale. The facility is moving closer toward breakeven levels, reducing the financial pressure typically associated with newly expanded manufacturing capacity.
Improving utilization at Penang could become increasingly important for TTMI's margin trajectory. New advanced manufacturing facilities generally carry elevated operating costs during the early stages of production ramp-up due to lower absorption rates and qualification-related expenses. As production efficiency improves, fixed costs are spread across higher output volumes, creating a more favorable margin structure. Notably, the full-year margin headwind from Penang has already moderated from 160 basis points to around 80 basis points.
The operational progress has been visible in the first-quarter results. TTMI's non-GAAP operating margin expanded 230 basis points year over year to 12.8%, supported partly by improved operating leverage and a better product mix, with non-GAAP gross margin also widening 150 basis points to 22.3%.
If utilization levels continue improving and production yields remain stable, the Penang ramp could transition from a margin headwind into a structural margin contributor.
TTMI Faces Stiff Competition
TTM Technologies faces competition from Sanmina Corporation SANM and Jabil JBL in scaling advanced manufacturing capacity for AI and networking infrastructure demand. Sanmina Corporation continues expanding cloud and networking manufacturing programs across its global footprint, while the company also benefits from diversified electronics manufacturing exposure. However, Sanmina Corporation remains broadly positioned across multiple end markets rather than being heavily concentrated in advanced PCB production. Jabil continues investing in intelligent infrastructure manufacturing and facility optimization initiatives. Jabil is focused on improving utilization and operating efficiency across its production footprint, while Jabil maintains broader exposure across consumer and industrial programs. In contrast, TTMI’s Penang ramp is more directly tied to higher-complexity PCB manufacturing and advanced interconnect production.
Story Continues
TTMI’s Share Price Performance, Valuation & Estimate
TTM Technologies shares have surged 136.8% year to date, while the Zacks Electronic Miscellaneous Components industry has declined 9.1% and the Zacks Computer and Technology sector has returned 16.5%.
TTMI Stock's PerformanceZacks Investment Research
Image Source: Zacks Investment Research
From a valuation standpoint, TTM Technologies stock is currently trading at a forward 12-month price/sales ratio of 4.18X compared with the industry’s 4.1X.
TTMI’s ValuationZacks Investment Research
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for TTMI’s 2026 EPS is pegged at $3.6, up by 11.11% over the past 30 days and indicating 46.34% growth over the figure reported a year ago.
TTM Technologies, Inc. Price and ConsensusTTM Technologies, Inc. Price and Consensus
TTM Technologies, Inc. price-consensus-chart | TTM Technologies, Inc. Quote
TTMI currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Jabil, Inc. (JBL) : Free Stock Analysis Report
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Sanmina Corporation (SANM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- TTMI's Penang Ramp Advances: Can Margin Expansion Continue Ahead?
May 13, 2026 · zacks.com
TTM Technologies' Penang ramp is improving yields and reducing margin pressure, positioning the facility as a potential long-term profit driver.
- A Look at TTM Technologies Inc (TTMI) After 3.9% Gain -- GF Value $27.64 vs Price $163.36
May 13, 2026 · gurufocus.com
On May 12, 2026, TTM Technologies Inc (TTMI) shares rose 3.9% today, bringing the current price to $163.36. The stock has seen significant price movement, with
- Spotting Winners: Flex (NASDAQ:FLEX) And Electronic Components & Manufacturing Stocks In Q1
May 12, 2026
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Flex (NASDAQ:FLEX) and the best and worst performers in the electronic components & manufacturing industry.
The sector could see higher demand as the prevalence of advanced electronics increases in industries such as automotive, healthcare, aerospace, and computing. The high-performance components and contract manufacturing expertise required for autonomous vehicles and cloud computing datacenters, for instance, will benefit companies in the space. However, headwinds include geopolitical risks, particularly U.S.-China trade tensions that could disrupt component sourcing and production as the Trump administration takes an increasingly antagonizing stance on foreign relations. Additionally, stringent environmental regulations on e-waste and emissions could force the industry to pivot in potentially costly ways.
The 10 electronic components & manufacturing stocks we track reported an exceptional Q1. As a group, revenues beat analysts’ consensus estimates by 3.8% while next quarter’s revenue guidance was in line.
Luckily, electronic components & manufacturing stocks have performed well with share prices up 11.3% on average since the latest earnings results.
Flex (NASDAQ:FLEX)
Originally known as Flextronics until its 2016 rebranding, Flex (NASDAQ:FLEX) is a global manufacturing partner that designs, engineers, and builds products for companies across industries from medical devices to solar trackers.
Flex reported revenues of $7.48 billion, up 16.9% year on year. This print exceeded analysts’ expectations by 7.5%. Overall, it was an exceptional quarter for the company with a solid beat of analysts’ revenue and EPS estimates.
"Our strong finish to FY 2026 reflects disciplined execution and a clear strategy, supported by targeted acquisitions and capital investments aligned to Flex's long-term growth opportunities," said Revathi Advaithi, CEO of Flex.Flex Total Revenue
Flex scored the biggest analyst estimates beat of the whole group. Unsurprisingly, the stock is up 38% since reporting and currently trades at $132.44.
Is now the time to buy Flex? Access our full analysis of the earnings results here, it’s free.
Best Q1: TTM Technologies (NASDAQ:TTMI)
As one of the world's largest printed circuit board manufacturers with facilities spanning North America and Asia, TTM Technologies (NASDAQ:TTMI) manufactures printed circuit boards (PCBs) and radio frequency (RF) components for aerospace, defense, automotive, and telecommunications industries.
Story Continues
TTM Technologies reported revenues of $846 million, up 30.4% year on year, outperforming analysts’ expectations by 6.9%. The business had an incredible quarter with an impressive beat of analysts’ EPS guidance for next quarter estimates and a solid beat of analysts’ revenue estimates.TTM Technologies Total Revenue
The market seems happy with the results as the stock is up 11.1% since reporting. It currently trades at $152.74.
Is now the time to buy TTM Technologies? Access our full analysis of the earnings results here, it’s free.
Slowest Q1: CTS (NYSE:CTS)
With roots dating back to 1896 and a global manufacturing footprint, CTS (NYSE:CTS) designs and manufactures sensors, connectivity components, and actuators for aerospace, defense, industrial, medical, and transportation markets.
CTS reported revenues of $139.2 million, up 10.7% year on year, exceeding analysts’ expectations by 1.8%. It may have had the worst quarter among its peers, but its results were still good as it also locked in a beat of analysts’ EPS and revenue estimates.
Interestingly, the stock is up 10.3% since the results and currently trades at $59.84.
Read our full analysis of CTS’s results here.
Amphenol (NYSE:APH)
With over 90 years of connecting the world's technologies, Amphenol (NYSE:APH) designs and manufactures connectors, cables, sensors, and interconnect systems that enable electrical and electronic connections across virtually every industry.
Amphenol reported revenues of $7.62 billion, up 58.4% year on year. This number topped analysts’ expectations by 7%. Overall, it was a stunning quarter as it also recorded a solid beat of analysts’ EPS guidance for next quarter estimates and an impressive beat of analysts’ revenue estimates.
Amphenol delivered the fastest revenue growth among its peers. The stock is down 5.1% since reporting and currently trades at $136.40.
Read our full, actionable report on Amphenol here, it’s free.
Plexus (NASDAQ:PLXS)
With over 20,000 team members across 26 global facilities, Plexus (NASDAQ:PLXS) designs, manufactures, and services complex electronic products for companies in aerospace/defense, healthcare, and industrial sectors.
Plexus reported revenues of $1.16 billion, up 18.7% year on year. This print beat analysts’ expectations by 2.9%. It was a stunning quarter as it also put up an impressive beat of analysts’ EPS guidance for next quarter estimates and revenue guidance for next quarter exceeding analysts’ expectations.
The stock is up 4.3% since reporting and currently trades at $261.34.
Read our full, actionable report on Plexus here, it’s free.
Market Update
Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?
These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.
Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.
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- TTM Technologies Inc (TTMI) Shares Surge 3.6% -- What GF Score of 78 Tells Investors
May 11, 2026 · gurufocus.com
On May 11, 2026, TTM Technologies Inc (TTMI) shares rose 3.6% today, closing at $162.99. This price movement is notable as it comes within a 52-week range of $2
- A Look At TTM Technologies (TTMI) Valuation After Earnings Beat And AI And Defense Demand Surge
May 8, 2026
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.
TTM Technologies (TTMI) has been in focus after reporting first quarter 2026 earnings that exceeded analyst expectations. Management pointed to strong demand from AI infrastructure and aerospace and defense customers as key drivers.
See our latest analysis for TTM Technologies.
Despite a 6.6% 1 day share price pullback and a 2.8% 7 day share price decline, TTM Technologies still has strong momentum, with a 54.9% 1 month share price return and a very large 1 year total shareholder return that reflects how recent earnings, AI and defense exposure, and upbeat guidance have shifted expectations.
If you are interested in how other companies tied to AI infrastructure are trading after earnings, it may be worth scanning the 39 AI infrastructure stocks.
With the stock up 55% over the past month and trading about 11% below the average analyst price target, the key question is whether TTMI still trades at a discount or if the market is already pricing in future growth.
Most Popular Narrative: 23% Overvalued
TTM Technologies last closed at $153.77, compared with a widely followed narrative fair value of $125.25. This frames the recent rally against long term earnings power.
Large-scale data center buildouts announced by tech giants (e.g., Google, CoreWeave, Meta) and TTM's new Wisconsin facility position the company to capture outsized demand for advanced PCBs and interconnects required for AI and cloud infrastructure, directly supporting revenue growth and long-term customer relationships.
Read the complete narrative.
Curious what revenue mix, profit margins, and future earnings multiple have to line up for that fair value to make sense? The full narrative spells out a detailed growth path, grounded in specific forecasts and valuation assumptions that go well beyond a simple P/E snapshot.
Result: Fair Value of $125.25 (OVERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, that story can change quickly if high operating costs at new facilities or weakness from a few large customers begin to weigh on margins and revenue visibility.
Find out about the key risks to this TTM Technologies narrative.
Another Angle on Value
The narrative fair value of $125.25 suggests TTM Technologies is 23% overvalued, yet Simply Wall St's DCF work points the other way, with an estimated future cash flow value of $185.30 and a 17% discount at the current $153.77 share price. Which approach better matches your view of cash flows and risk?
Story Continues
Look into how the SWS DCF model arrives at its fair value.TTMI Discounted Cash Flow as at May 2026
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out TTM Technologies for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 51 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.
Next Steps
With mixed signals on value and sentiment, this is a good moment to move quickly, review the underlying data, and weigh both the upside and downside using the 3 key rewards and 2 important warning signs.
Looking for more investment ideas?
If TTMI has your attention, do not stop here. Broader opportunities across different styles and risk levels could make a meaningful difference to your portfolio over time.
Spot potential bargains early by checking companies that look mispriced on quality and value using the 51 high quality undervalued stocks. Strengthen your income stream by reviewing companies with higher yields and consistent payouts through the 12 dividend fortresses. Sleep easier by focusing on companies with resilient finances and lower overall risk in the 72 resilient stocks with low risk scores.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include TTMI.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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