TTM Technologies has completed its roughly $100 million share-repurchase program authorized in 2025 and approved a new program of up to $100 million. The new authorization runs through October 27, 2027, giving management the option to continue returning cash to shareholders through stock purchases.
TTM said the completed purchases reflect its confidence in its growth strategy, including the expected sales ramp of its N+M products.
Key details
- Completed program: TTM repurchased approximately 1.16 million shares for about $100 million, using cash on hand. All purchases took place on October 26 and 27, 2026, at an average price of $86.31 per share, including commissions.
- New authorization: The board approved repurchases of up to $100 million of TTM common stock through October 27, 2027.
- Management discretion: The authorization does not require TTM to buy any shares or spend the full amount. Management will determine the timing, price and volume based on factors including liquidity, cash flows, capital needs, market conditions and applicable restrictions.
- Potential methods: TTM may buy shares in the open market, through privately negotiated transactions or through plans designed to execute purchases over time. The company can suspend or end the program at its discretion.
What changes for investors
The completed purchases reduce the number of shares TTM has outstanding, while the new authorization gives the company capacity to make further repurchases over the next year. The amount and timing of any additional purchases are not guaranteed.