Every material Form 8-K TTM Technologies has filed with the SEC since February 18, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
TTM Technologies completed its prior $100 million share repurchase program, which was announced May 8, 2025, and its board authorized a new program of up to $100 million in repurchases running through October 27, 2027. The company says the buybacks were made with cash on hand and that the new program may be suspended or discontinued at its discretion.
Completed 2025 program: about 1.16 million shares repurchased on October 26 and 27, 2026, at an average price of $86.31 per share, for about $100 million in aggregate
New 2026 program authorizes repurchases of up to $100 million through October 27, 2027
Repurchases may be made through open market purchases, privately negotiated transactions or Rule 10b5-1 plans; the company is not obligated to buy any specific amount
TTM Technologies reported third quarter 2026 net sales of $1.2 billion, up 60% from a year earlier, with GAAP net income of $84.8 million, or $0.79 per diluted share, versus $53.1 million, or $0.50, in the prior-year quarter. The company guided fourth quarter 2026 net sales to $1.42 billion to $1.44 billion and non-GAAP EPS to $1.77 to $1.83, and gave a preliminary 2027 forecast of $6.5 billion to $6.75 billion in net sales, which shareholders can compare against future results.
Q3 2026 net sales of $1.2 billion, up from $752.7 million; GAAP net income of $84.8 million, or $0.79 per diluted share, versus $53.1 million, or $0.50, a year earlier
Non-GAAP net income of $157.8 million, or $1.46 per diluted share, versus $0.67 a year earlier; adjusted EBITDA of $242.3 million, or 20.1% of net sales
Q4 2026 guidance: net sales of $1.42 billion to $1.44 billion and non-GAAP EPS of $1.77 to $1.83 per diluted share
Preliminary 2027 forecast: net sales of $6.5 billion to $6.75 billion and non-GAAP EPS of $8.10 to $8.90; the proposed $650 million Ophir Optics acquisition is not included in guidance
TTM Technologies agreed to acquire the Ophir Optics business from MKS Inc. for approximately $650 million in an all-cash deal, subject to customary closing adjustments. The company expects the deal to close in the second quarter of 2027, subject to regulatory approvals, and expects it to be immediately accretive to its Adjusted EBITDA Margin and Non-GAAP Diluted EPS.
Purchase price is approximately $650 million, all cash, with funding from cash on hand, future cash flow and its existing revolving credit facility.
The transaction multiple is estimated at roughly 10.3x expected FY 2027 Adjusted EBITDA of Ophir Optics, without synergies.
Expected close is the second quarter of 2027, subject to regulatory approvals and governmental consents and permits.
Excludes MKS's Ophir Instruments laser characterization business and the Ophir brand.
TTM Technologies completed its acquisition of Epiq Solutions on September 30, 2026, paying approximately $1.1 billion in cash, subject to customary adjustments. The purchase was funded with new term loans under a Third Amended and Restated Credit Agreement and proceeds from the company's 6.750% senior notes due 2034. The company expects the deal to be immediately accretive to adjusted EBITDA, moderately dilutive to non-GAAP diluted EPS in 2027, and accretive to non-GAAP diluted EPS in 2028.
Purchase price of approximately $1.1 billion in cash, paid to the seller on September 30, 2026, subject to working capital and other adjustments
New incremental facilities of $300 million term loan A and $800 million seven-year term loan B, with JPMorgan Chase Bank, N.A. as administrative agent
Company expects immediate accretion to adjusted EBITDA, moderate dilution to non-GAAP diluted EPS in 2027, and accretion in 2028
TTM Technologies completed a $500 million private offering of 6.750% senior notes due 2034 on September 24, 2026. Proceeds, along with $300 million and $800 million of incremental term loans, are intended to fund the pending acquisition of EDS Intermediate Holding, LLC and related costs, with some funds possibly used to reduce revolver borrowings for the Swiss Technology Group AG acquisition. The filing adds substantial new debt and restricts dividends and other payments to shareholders, and the notes become subject to mandatory redemption if the EDS acquisition does not close by the November 15, 2026 outside date, subject to extension.
$500 million of 6.750% senior notes due October 1, 2034, priced at par and issued September 24, 2026
Planned financing also includes a $300 million incremental term loan A and an $800 million incremental term loan B
Notes must be redeemed at 100% of principal plus interest if the EDS acquisition does not close by November 15, 2026 (extendable to May 15, 2027 in certain cases)
Indenture limits dividends, share repurchases and certain other payments to shareholders
TTM Technologies agreed on August 15, 2026 to buy all membership interests of Epiq Solutions from EDS TopCo, LP for $1.1 billion in cash, subject to customary adjustments. The company plans to fund the price with $300 million of incremental term loan A and $800 million of incremental term loan B debt, and it expects the deal to be accretive to adjusted EBITDA margin and non-GAAP diluted EPS during 2028, with total net leverage of 2.3x at closing.
Purchase price of $1.1 billion in cash, subject to customary working capital and other adjustments
Financing commitments of $300 million (term loan A) and $800 million (seven-year term loan B) from JPMorgan, Barclays and Bank of America
Closing requires Hart-Scott-Rodino waiting period expiration; a $77.0 million termination fee applies if regulatory approvals are not obtained
Expected to close in Q4 2026; deal not expected to be immediately accretive to EPS, with non-GAAP diluted EPS accretion expected during 2028
TTM Technologies reported second quarter 2026 net sales of $1.0 billion, up 37% from $730.6 million a year earlier, with GAAP net income of $83.0 million, or $0.77 per diluted share, versus $0.40 a year earlier. The company also guided third quarter net sales to $1.10 billion to $1.14 billion and non-GAAP EPS to $1.21 to $1.27, and expects full-year 2026 net sales of about $4.4 billion, with non-GAAP EPS approaching $5.00, excluding pending acquisitions.
Q2 2026 net sales were $1.0 billion, up 37% from $730.6 million; GAAP net income was $83.0 million, or $0.77 per diluted share, versus $41.5 million, or $0.40, a year earlier
Non-GAAP net income was $106.9 million, or $0.99 per diluted share, compared with $0.58 in Q2 2025; adjusted EBITDA was $166.8 million, or 16.6% of net sales
Q3 2026 guidance: net sales of $1.10 billion to $1.14 billion and non-GAAP EPS of $1.21 to $1.27 per diluted share
Full-year 2026 outlook: net sales of about $4.4 billion and non-GAAP EPS approaching $5.00; guidance excludes pending acquisitions of Swiss Technology Group AG and ILFA GmbH
TTM Technologies entered a new $400 million senior secured term loan and a $1.0 billion revolving credit facility on June 1, 2026, using the term loan proceeds to refinance $340.4 million of outstanding debt under its prior term loan. The new term loan's interest rate is 50 basis points lower than the prior facility, and the revolver replaces two $150 million asset-based lending facilities, with both facilities maturing in 2030 and 2031 respectively.
New $400.0 million term loan carries Term SOFR plus 1.75%, a 50 basis point reduction from the prior facility, and matures May 30, 2030.
New $1.0 billion revolver matures May 2031 and replaces the $150.0 million U.S. and $150.0 million Asia asset-based revolving facilities.
Credit agreement requires a minimum interest coverage ratio of 2.50:1.00 and a maximum leverage ratio of 4.50:1.00 for the revolver, and restricts dividends and other shareholder distributions.
TTM Technologies reported in an 8-K filed May 8, 2026 that director John G. Mayer resigned on May 7, 2026 because he reached the mandatory retirement age of 75, and that its annual meeting that day approved all proposals, including the election of three Class II directors and KPMG LLP as auditor. Stockholders also chose an annual frequency for the advisory say-on-pay vote, and the Board reshuffled its committee memberships.
John G. Mayer resigned as a Class III director on May 7, 2026; the filing says the resignation was not due to a disagreement with the company.
Julie S. England, Philip G. Franklin and Edwin Roks were elected Class II directors; Franklin received 83,944,967 votes for and Roks received 85,409,159.
Stockholders voted 82,028,438 for a one-year frequency for future advisory pay votes, and ratified KPMG LLP for the fiscal year ending December 28, 2026 with 92,305,470 votes for.
Effective May 7, 2026, the Board changed committee memberships; Wajid Ali chairs the Audit Committee and Chantel Lenard chairs the Human Capital and Compensation Committee.
TTM Technologies reported first quarter 2026 net sales of $846.0 million, up 30% from $648.7 million a year earlier, with GAAP net income of $50.0 million, or $0.47 per diluted share, versus $32.2 million, or $0.31, in the prior-year quarter. Non-GAAP EPS of $0.75 was an all-time quarterly record, but free cash flow was negative $85.1 million, and the company guided second quarter non-GAAP EPS of $0.82 to $0.88 on net sales of $930 million to $970 million.
Net sales $846.0 million, up 30% year on year; GAAP net income $50.0 million, or $0.47 per diluted share
Non-GAAP net income $80.1 million, or $0.75 per diluted share, versus $0.50 a year earlier
Operating cash flow $21.7 million; free cash flow negative $85.1 million after $106.8 million net capital expenditures
Q2 2026 outlook: net sales $930 million to $970 million; non-GAAP EPS $0.82 to $0.88
TTM Technologies reported fourth quarter 2025 net sales of $774.3 million, up 19% from a year earlier, and GAAP net income of $50.7 million, or $0.48 per diluted share, compared with $5.2 million a year earlier, a period that included a $32.6 million goodwill impairment. The company also gave first quarter 2026 guidance of $770 million to $810 million in net sales and non-GAAP earnings of $0.64 to $0.70 per diluted share, and expects fiscal 2026 net sales to grow 15% to 20%.
Q4 2025 non-GAAP net income of $74.8 million, or $0.70 per diluted share, versus $0.49 a year earlier; the company describes this as an all-time quarterly record high
Full-year 2025 net sales of $2.9 billion, up 19.0% from $2.4 billion in 2024; GAAP net income of $177.4 million, or $1.68 per diluted share
Q1 2026 guidance: net sales of $770 million to $810 million and non-GAAP EPS of $0.64 to $0.70
TTM Technologies said two new independent directors, Daniel G. Korte and Ryan D. McCarthy, will join its board effective May 7, 2026, filling seats left by the retirements of director Thomas T. Edman, former CEO, and John G. Mayer, who must retire under the company's age-75 policy. The filing involves board composition only and reports no financial results, so it does not change reported revenue, profit or guidance.
Thomas T. Edman, a Class I director and former President and CEO, retires from the board effective May 7, 2026, after the 2026 annual meeting.
Daniel G. Korte is appointed Class I director with a term expiring at the 2028 annual meeting; his appointment is subject to approval from the Defense Counterintelligence and Security Agency.
Ryan D. McCarthy, former U.S. Secretary of the Army, is appointed Class III director with a term expiring at the 2027 annual meeting, succeeding John G. Mayer, who reaches mandatory retirement age of 75.
TTM Technologies reported third-quarter 2025 net sales of $752.7 million, up 22% from $616.5 million a year earlier, and GAAP net income of $53.1 million, or $0.50 per diluted share, versus $14.3 million, or $0.14, in the prior-year quarter. The company also issued fourth-quarter 2025 guidance of $730 million to $770 million in net sales and $0.64 to $0.70 in non-GAAP earnings per diluted share, which gives shareholders a near-term outlook.
Q3 2025 net sales were $752.7 million, compared with $616.5 million in Q3 2024.
GAAP diluted EPS was $0.50 versus $0.14; non-GAAP diluted EPS was $0.67 versus $0.55, which the company called a quarterly record high.
Adjusted EBITDA was $120.9 million, or 16.1% of net sales, versus $100.6 million, or 16.3%, a year earlier.
Q4 2025 outlook: net sales of $730 million to $770 million and non-GAAP EPS of $0.64 to $0.70 per diluted share; no GAAP outlook was provided.
TTM Technologies said Edwin Roks, Ph.D., will become president and chief executive officer effective September 2, 2025, succeeding Thomas T. Edman, who is retiring after serving as CEO since 2014. Roks also fills a Class II board vacancy at the same time, and Edman will remain on the board and transition to an advisory role until January 1, 2026.
Roks, age 61, most recently served as CEO of Teledyne Technologies until April 2025.
Roks's offer includes a $1,000,000 base salary, a 125% target cash bonus, restricted stock units with about $1,275,000 grant value, and performance share units with about $2,975,000 grant value.
The board amended Edman's performance-based RSU awards so unvested units can still vest on retirement, covering 111,918, 106,329 and 149,312 units granted in 2023, 2024 and 2025.
TTM Technologies reported second-quarter 2025 net sales of $730.6 million, up 21% from a year earlier, and GAAP net income of $41.5 million, or $0.40 per diluted share, compared with $26.4 million, or $0.25, in the second quarter of 2024. The company guided third-quarter revenue to $690 million to $730 million and non-GAAP earnings to $0.57 to $0.63 per diluted share, while CEO Thomas T. Edman said he intends to retire once a successor is appointed, with the board's search expected to conclude by the end of 2025.
Q2 2025 net sales were $730.6 million, up from $605.1 million in Q2 2024; GAAP net income was $41.5 million, or $0.40 per diluted share, versus $0.25 a year earlier.
Non-GAAP net income was $60.8 million, or $0.58 per diluted share, compared with $0.39 in Q2 2024.
Q3 2025 guidance: revenue of $690 million to $730 million and non-GAAP net income of $0.57 to $0.63 per diluted share.
Thomas T. Edman will remain President and CEO until a successor is appointed and will stay on the board; the search is expected to conclude by the end of 2025.
TTM Technologies' board approved a new share repurchase program of up to $100 million, replacing a two-year program that expired on May 3, 2025. The same week, director Kenton K. Alder resigned on May 8, 2025, after reaching the mandatory retirement age of 75, and shareholders elected three Class I directors at the annual meeting.
New buyback authorizes up to $100 million of common stock through May 7, 2027, and may be executed through open market purchases or Rule 10b5-1 plans.
CFO Dan Boehle said the company views repurchases as a prudent use of capital, while acquisitions remain a primary goal for free cash flow.
Kenton K. Alder resigned as a Class II director on May 8, 2025, due to mandatory retirement age; the filing says the resignation was not due to a disagreement.
At the May 8, 2025 annual meeting, 94,269,333 shares (about 92.77% of shares outstanding) were present, and all proposals passed, including election of Wajid Ali, Thomas T. Edman and Chantel E. Lenard.
TTM Technologies reported first quarter 2025 net sales of $648.7 million, up 14% from $570.1 million a year earlier, and GAAP net income of $32.2 million, or $0.31 per diluted share, versus $10.5 million, or $0.10, in the prior-year quarter. The company also guided second quarter 2025 revenues to $650 million to $690 million and non-GAAP net income to $0.49 to $0.55 per diluted share, while operating cash flow was negative $10.7 million due to higher working capital.
Net sales of $648.7 million, up 14% from $570.1 million in Q1 2024
GAAP net income of $32.2 million, or $0.31 per diluted share, compared with $10.5 million, or $0.10, a year earlier
Non-GAAP EPS of $0.50 per diluted share; operating cash flow was negative $10.7 million
Q2 2025 guidance: revenues of $650 million to $690 million and non-GAAP EPS of $0.49 to $0.55
TTM Technologies said James P. Walsh will become Chief Operating Officer on July 1, 2025, replacing Philip Titterton, who will move to an advisory role for the foreseeable future. The filing describes this as a planned succession, and Walsh's pay package includes a $450,000 base salary.
Walsh, currently Senior Vice President of Operations (North America) & Global EHSSS, takes the COO role beginning July 1, 2025.
Titterton, the current COO, moves to an advisory position and will assist with special operations projects.
Walsh's compensation includes a $450,000 base salary, a 60% target cash bonus, restricted stock units with an approximate grant value of $292,500, and performance share units with an approximate grant value of $357,500.
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