TTM Technologies stock completes Epiq deal as Q2 sales hit USD 1.0 billion

TTM Technologies stock is tied to a new acquisition milestone after the company completed its Epiq Solutions transaction on September 30, 2026. According to TTM Technologies, the deal strengthens its strategic aerospace and defense portfolio.

Acquisition expands defense exposure

The transaction adds to a business already serving aerospace and defense, data center computing, automotive, medical, industrial, instrumentation, and communications customers. TTM reported that aerospace and defense represented 44 percent of fiscal 2025 net sales, while data center computing accounted for 24 percent, according to its investor-relations materials.

The financing backdrop matters alongside the strategic rationale. TTM announced USD 500 million of senior notes due 2034 on September 10, 2026, creating a clearer debt-financing link to its acquisition program, according to TTM Technologies.

Q2 sales clear company guidance

For the quarter ended June 29, 2026, TTM posted USD 1.0 billion in net sales, above its guided range of USD 930 million to USD 970 million. The same release showed GAAP earnings per share of USD 0.77, non-GAAP earnings per share of USD 0.99, and operating cash flow of USD 96.4 million, or 9.6 percent of sales.

The company also reported a second-quarter book-to-bill ratio of 1.49 and an aerospace and defense program backlog of USD 1.7 billion. Its Q3 forecast calls for net sales of USD 1.10 billion to USD 1.14 billion and non-GAAP earnings per share of USD 1.23 to USD 1.27, according to TTM Technologies.

Analyst target falls to USD 175

Needham kept a Buy rating but reduced its price target from USD 220.00 to USD 175.00 on September 21, 2026. As Investing.com reported, the reduction reflected valuation compression among peer groups, even as the analyst cited demand in aerospace and defense and data center networking.

Market value remains above USD 12 billion

TTM Technologies had a market capitalization of USD 12.8 billion as of September 30, 2026. Its 52-week range was USD 17.93 to USD 223.83 on the same date, placing the acquisition and Q2 execution against a wide trading history rather than a narrow single-session signal.