TTM Technologies Reports Record $1.61 Billion Backlog Amid AI and Defense Growth

TTM Technologies (TTMI) has successfully transitioned into a strategic supplier for the AI infrastructure and defense sectors, with 80% of its revenue now derived from high-quality, resilient markets. The company's data center segment is leading this expansion, reporting a remarkable 57% annual growth rate fueled by the surging demand for complex Ultra-HDI solutions. Current financial indicators remain strong, highlighted by a record backlog of $1.61 billion and a book-to-bill ratio of 1.46. This robust backlog provides clear revenue visibility for the company through 2027, according to recent analyst reports. The surge in global AI infrastructure investment and steady defense spending are the primary catalysts for this upward trajectory. Consequently, the company is well-positioned to capitalize on the increasing complexity of advanced PCB technology in the coming years.