TTM Technologies, Inc.
Information Technology · Electronic Manufacturing Services
5B+) and DoD trusted-supplier status that Chinese competitors structurally cannot serve. Datacenter PCB content per AI server is 3-5x legacy on layer count + HDI complexity - TTMI's Syracuse + new Penang advanced HDI fabs are the production lever.
0 with F-35, missile-defense, radar programs ramping; (2) datacenter end-market inflecting on hyperscaler AI capex; (3) Penang HDI plant comes online late-2026 adding ~$300M revenue capacity; (4) trusted-foundry mandate creates pricing power vs offshore PCB; (5) automotive ADAS content per vehicle compounding.
(1) PCB is a cyclical commodity business with thin mid-single-digit margins outside A&D; (2) Penang ramp execution risk + start-up costs pressure 2026 margins; (3) commercial end-markets (networking, computing ex-AI) remain soft; (4) customer concentration - top 5 customers >35% of revenue; (5) capex cycle elevated through 2027 compressing FCF conversion.
No major news in the last 7 days for TTMI - only listicles and opinion pieces, which we filter out by default. See everything anyway.
No key levels recorded for this ticker.