TTMI Surges by 1.4 Trillion Won in Market Cap Fueled by AI and Defense

TTM Technologies Inc. (NASDAQ: TTMI) closed at $170, up 5.32% on the day. Trading volume topped 2.17 million shares, lifting its market capitalization by roughly $1 billion to about $17.6 billion (KRW 25 trillion).

On May 18, TTM filed an 8-K to formalize its growth targets and recalibrate expectations surrounding the CEO’s “$4 billion revenue by 2026” goal. Based on this filing, Stifel reiterated its Buy rating on TTMI stock with a $175 price target. In its April 29 first-quarter report, TTMI posted earnings per share of $0.75, beating the $0.66 consensus, and guided second-quarter revenue to $930 million–$970 million, ahead of street estimates.

Headquartered in the U.S., TTM Technologies manufactures printed circuit boards, RF and microwave components, and mission systems, supplying aerospace & defense, data-center computing, automotive, and networking‐equipment customers. In 2025, the company generated about $2.9 billion (KRW 4 trillion) in revenue, a double-digit increase year-over-year. Over the past 12 months, revenue has climbed to roughly $3.1 billion (mid-KRW 4 trillion), driven chiefly by demand from AI data centers and defense applications.