TTM Technologies Expects About $600 Million in N+M Business in Second Half of 2026

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TTM Technologies is ramping up its N+M technology family, having already delivered tens of millions of dollars of N+M products and expecting approximately $600 million of N+M business in the second half of 2026, with about one-third of that opportunity in the third quarter and two-thirds in the fourth quarter. The opportunity is supported by strong Data Center and Networking demand, where second-quarter sales surged 91% year over year as customers expanded AI data-center infrastructure, and TTM Technologies expects the end market to account for 49% of third-quarter sales as N+M enters volume production. N+M yields are running better than expected, and further yield improvements as production scales should support margin expansion in the third and fourth quarters. The Zacks Consensus Estimate projects revenue growth of 50.88% year over year in 2026, with earnings per share projected at $4.82 for 2026 and $6.90 for 2027, representing year-over-year growth of 95.9% and 43.2%, respectively. TTM Technologies faces competition in advanced electronics from Amphenol Corporation, which is strengthening its position through Wilder Technologies, and from Sanmina Corporation, which is expanding high-technology PCB capabilities for AI and aerospace-and-defense products.

Impact on stocks 3

Semiconductors▲ · 3 stocks
TTM Technologies Inc
TTMI
▲ PositiveDemandCapitalrelevance

Expects ~$600M in N+M business in H2 2026, driven by strong Data Center and Networking demand with Q2 sales up 91% YoY.

Theme Impact 3

Off-coverage companies 1

Wilder TechnologiesPrivate± Mixed
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