TTM Technologies Inc's stock plummeted 5.13% during intraday trading on Wednesday, following the release of financial guidance and analyst expectations that revealed a significant gap in revenue projections.
The company reiterated its expectation for $4 billion in revenue for FY2026 in an SEC filing. However, according to Lseg Ibes data, analysts' consensus view for FY2026 revenue stands at $3.83 billion, creating a $170 million discrepancy that appears to have disappointed investors.
Additionally, TTM Technologies disclosed several financial maneuvers in SEC filings, including steps for revolving credit facilities up to $1 billion maturing in 2031, and a repriced and upsized $400 million term loan due in May 2030. The company also provided guidance for FY2026 non-GAAP operating margin of 13%-15% and adjusted EBITDA margin of 16%-18%.
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