{
  "id": 16170356,
  "title": "Why TTM Technologies Stock Plunged This Week",
  "url": "https://urgent.news/2026/10/23/why-ttm-technologies-stock-plunged-this-week",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T09:30:02.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/coverage/market-movers/2026/10/23/why-ttm-technologies-stock-plunged-this-week/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "TTM Technologies stock plummeted 21.3% this week after reporting a 10% revenue miss in its data center division and facing increasing supply chain delays. The company's stock fell from $94.95 on Friday, Oct. 16 to $73.89 on Thursday, Oct. 22, while the S&P 500 and Nasdaq-100 showed minimal movement. Despite reporting record Q3 revenue of $1.20 billion, up 59.9% year-over-year, adjusted EPS of $1.46 surpassed expectations. However, supply chain delays for critical components stretched to 24 weeks, pushing the data center segment 10% below internal targets. Management announced a $650 million cash deal to acquire Ophir Optics and a $400 million manufacturing expansion in Asia, leading to a fourth-quarter revenue guidance of $1.42 billion to $1.44 billion, slightly below consensus. Rising debt from recent acquisitions adds $20 million in quarterly interest expenses, intensifying capital intensity. With a P/E ratio of 32.4, investors are closely monitoring how quickly TTM Technologies can reduce component lead times and integrate its acquisitions. The company's balance sheet includes $507.9 million in cash and short-term investments against $1.1 billion in total debt. The next significant earnings report is expected on Feb. 3, 2027, alongside the closing of the Ophir Optics acquisition.",
  "summary": "A new high-water mark for Q3 revenue failed to impress investors.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}