TTM has focused on strengthening its position in high-growth, high-margin markets such as aerospace and defense and automotive. The company has surged over 200% in a year as it pivots from commodity PCBs to a mission-critical defense and AI infrastructure electronics provider.
Cyborg Score Rationale
TTM is a critical supplier to the AI hardware and defense sectors, with 22% y/y sales growth and record earnings. The company recently received a multi-year contract from RTX's Raytheon with potential value of $200 million for LTAMDS radar components. The company benefits from secular tailwinds in both AI infrastructure and defense spending.
Top Insights
90-day backlog rose 14% to $0.61B, indicating strong demand visibility
TTM is the largest U.S. PCB manufacturer and a key supplier to the defense sector
Company operates in two segments: PCB and RF&S Components
TTM was incorporated in 1978 and is headquartered in Santa Ana, California
Named Competitors
Jabil Circuit — Electronics manufacturing and design services
Celestica — Electronics manufacturing services and supply chain solutions
Flex — Advanced manufacturing technology and supply chain solutions
Plexus — Electronics manufacturing services for aerospace and defense
Recent Developments
(February 2026) TTM appointed two new independent directors
(January 2026) RTX's Raytheon awarded TTM multi-year contract for LTAMDS radar components worth up to $200 million