U.S. Stock Market Movement: TTM Technologies Surges on October 21 Due to Ophir Acquisition, Q3 Earnings Expectations, and AI Data Centers

TTM Technologies October 21 Surge Analysis

Keywords: Ophir acquisition, Q3 forecast, AI data center

1. On October 19, TTM announced the acquisition of the Ophir Optics business from MKS for approximately $650 million in cash. The transaction is expected to be completed in the second quarter of 2027. The company expects the acquisition to immediately increase its adjusted EBITDA margin and non-GAAP diluted earnings per share after closing.

2. The earnings preview released on October 16 shows that TTM expects third-quarter sales to be between $1.1 billion and $1.14 billion, and non-GAAP earnings per share to be between $1.21 and $1.27. Market consensus expects $1.13 billion and $1.25 per share, respectively. The company is scheduled to announce results before the market opens on October 22. Data center business is expected to account for about 49% of third-quarter sales, up from 40% in the previous quarter.

(Disclaimer: This content is generated based on publicly available information collected and summarized using AI technology, for reference only and does not constitute investment advice.)