EL7.AI
StocksMedium•22 October 2026•
2 min read

TTM shares fall 28.68% despite earnings and revenue beat

Key Facts

1The stock fell 28.68% to $72.85 at 1:16 p.m. Eastern time on October 22, 2026.
2Third-quarter adjusted earnings per share were $1.46, versus expectations of $1.26.
3Revenue reached $1.2 billion, exceeding expectations of $1.13 billion.
4The company expects annual revenue of between $4.47 billion and $4.49 billion in 2026.
5The company announced an additional investment of $400 million to expand production capacity in China and Malaysia.

Shares of TTM Technologies fell 28.68% during trading on October 22, 2026, in the session when it reported third-quarter earnings and revenue that exceeded expectations. The stock stood at $72.85 at 1:16 p.m. Eastern time, according to Stock Analysis. The decline coincided with the announcement of adjusted earnings of $1.46 per share for the third quarter of 2026, according to The Fly via TipRanks. The consensus forecast was for adjusted earnings of $1.26 per share for the same period. On revenue, the service reported that the company posted "third-quarter revenue of $1.2 billion, versus a consensus estimate of $1.13 billion." The company's results thus exceeded estimates for both sales and adjusted earnings. Net income under accounting standards was $84.8 million for the quarter, according to the Associated Press.

The results come against the backdrop of a production expansion the company announced before its October disclosure, alongside a move to acquire Auvr. Investing.com said in its earlier earnings coverage that TTM had announced an additional investment of $400 million to increase manufacturing capacity. The expansion includes company facilities in China as well as its plant in Penang, Malaysia, according to the coverage. For the acquisition, the company intends to use cash on hand among the funding sources for the Auvr deal, according to Investing.com's report when it was announced. Funding sources also include future cash flows and the company's existing revolving credit facility. The stock rose 4.2% in morning trading on October 19, 2026, the session when the deal was announced, according to the website. That gain preceded the earnings announcement session that saw the sharp decline.

On guidance, the company had forecast full-year sales of about $4.4 billion in its August earnings disclosure, according to the filing with the U.S. Securities and Exchange Commission. It said at the time that it expected adjusted earnings per share to approach $5.00 in 2026. The filing stated: "For the full year 2026, TTM now expects net sales of approximately $4.4 billion and adjusted net income per share to approach $5.00." In the guidance accompanying its third-quarter results, expected annual revenue ranged between $4.47 billion and $4.49 billion, according to the Associated Press, citing the company. That range is above the revenue level management had targeted in August. For the fourth quarter of 2026, TTM expects adjusted earnings of between $1.77 and $1.83 per share, according to the agency.