TTM Technologies Stock Plunges 26% Despite Higher Q3 Earnings And Revenue
TTM Technologies (TTMI) stock fell 26% to $75.74 despite reporting higher Q3 earnings and revenue. Net income rose to $0.79 per share from $0.50 per share year-over-year, with revenue up 59.9% to $1.20 billion. The company issued guidance for Q4 and full-year 2023, as well as preliminary forecasts for 2027.
How this was made
The 30-second read
Why it matters
The earnings release provides fresh data; the guidance shortfall is the primary catalyst for the price move.
Market read
Earnings and guidance surprise for a mid‑cap tech stock, creating immediate trading opportunity.
What to watch
Long‑term contracts and backlog not highlighted may cushion future performance.
Background
TTM Technologies reported Q3 earnings that beat prior year results but issued guidance below market expectations, triggering a steep intraday decline.
Ticker impact
TTM Technologies shares fell 25.9% to $75.74 after reporting higher Q3 earnings and revenue but weak guidance.
likely continued downward pressure as investors reassess growth outlook
Guidance below expectations drives sell‑off; earnings alone insufficient to offset.
Market effects
May weigh on other electronics manufacturers awaiting guidance.
US tech sector could see modest pullback.
Limited to investors tracking US semiconductor stocks.
Counterpoint
If the earnings beat signals operational strength, the stock could rebound on a short‑cover rally.
Key entities
- companyTTM Technologies, Inc.
US‑listed electronics manufacturer (ticker TTMI).

