TTM Technologies (TT1) AI Stock Analysis

Company Guidance

For the fourth quarter of 2026, TTM projects net sales in the range of $1.42 billion to $1.44 billion and non GAAP earnings in the range of $1.77 to $1.83 per diluted share; full year 2026 sales are expected to be approximately $4.47 billion to $4.49 billion and non GAAP earnings in the range of $4.97 to $5.03 per diluted share, based on a diluted share count of 107.5 million shares. For full year 2026, aerospace and defense is expected to deliver approximately 20% growth, data center and networking sales are expected to be more than double year on year, medical, industrial, and instrumentation sales are expected to grow nearly 70% year on year, and automotive sales are expected to improve mid single digits versus our prior expectations for mid single digit decline year on year. Fourth quarter guidance includes SG&A expense of approximately 0.7% of net sales, R&D expenditures of approximately 1% of net sales, interest expense of approximately $33.9 million, interest income of approximately $3 million, realized foreign exchange and other nonoperating expenses of approximately $4.7 million, an effective tax rate between 15% and 19%, depreciation of approximately $39.7 million, amortization of intangibles of approximately $12.1 million, stock based compensation expense of approximately $18.7 million, and noncash interest expense of approximately $900 thousand. Preliminary full year 2027 guidance is net sales in the range of approximately $6.5 billion to $6.75 billion and non GAAP net income in the range of $8.10 to $8.90 per diluted share based on 108.1 million shares.