Activist investor Dan Loeb’s Third Point LLC established a new $94.4 million stake in TTM Technologies Inc. (NASDAQ: TTMI) during the second quarter. The fund purchased 505,000 shares of the California-based electronics manufacturer, adding exposure to the AI infrastructure supply chain beyond its existing holdings in bitcoin miners repurposing data centers.

The investment timing aligns with TTM’s strong quarterly performance. The company reported second-quarter revenue of $1.004 billion, beating analyst estimates of $964.95 million by 4.05%. This represents a 37.4% year-over-year increase, driven largely by surging demand in the data center and networking sector.

Financial Performance

TTM’s earnings per share reached $0.99, surpassing the $0.92 consensus estimate by 7.61%. Non-GAAP net income hit a record $106.9 million, a significant jump from $60.8 million in the same period last year. The company also raised its full-year 2026 guidance, projecting approximately $4.4 billion in revenue and non-GAAP EPS of nearly $5.00.

What the Numbers Show

The divergence between overall revenue growth and segment-specific performance highlights TTM’s strategic pivot toward high-growth markets. While total revenue rose 37.4%, the data center and networking end market—which accounted for 40% of sales—expanded by 91% year-over-year. This indicates that nearly half of the company’s top-line growth is concentrated in AI-driven infrastructure buildouts, suggesting a heavy dependency on this specific sector for near-term momentum.

Order Book and Backlog

Demand indicators remain robust. TTM reported a total book-to-bill ratio of 1.49 for the quarter, signaling that new orders significantly outpaced shipments. The aerospace and defense backlog alone stood at $1.7 billion, providing visibility into future revenue streams outside the volatile consumer technology cycle.

Market Reaction

TTM Technologies has a market capitalization of $12.09 billion. The stock has risen 62.54% year-to-date, though it declined 8.70% over the past month. It closed at $114.77 on Thursday, up 0.68% during regular trading. The stock trades between a 52-week low of $50.12 and a high of $223.83.

TTM Technologies, Inc. (NASDAQ: TTMI) will exhibit at electronica India 2026 in Bangalore from September 16–18, 2026. The company plans to showcase advanced interconnect solutions tailored for AI infrastructure and hyperscale data centers.

The US-based manufacturer will occupy Hall 3, Booth B11 at the Bangalore International Exhibition Centre. TTM aims to demonstrate how its technologies address pressing design challenges in high-speed printed circuit boards (PCBs) and radio frequency (RF) components.

Key Solutions on Display

TTM will highlight several core product lines relevant to the evolving electronics landscape:

• N+M Asymmetric PCB Technologies: Designed to optimize signal integrity and power delivery within a single board, meeting the density demands of modern AI applications.
• High-Speed PCB Technology: Targeted specifically for AI and hyperscale data center requirements.
• Advanced Interconnects: Focusing on system integration capabilities.
• Next-Generation RF/Microwave Technologies: Addressing emerging connectivity needs.

Strategic Market Focus

Laura Woods, Vice President of Corporate Sales & Sales Operations at TTM Technologies, emphasized the significance of the Indian market. She noted that electronica India offers a critical platform to engage with the region's rapidly expanding electronics industry.

The company intends to use the event to collaborate with industry leaders and demonstrate how its advanced PCB technologies can help businesses navigate a rapidly evolving marketplace. TTM's team will be available throughout the event for discussions on emerging trends shaping future electronics innovation.