TTM Technologies authorizes new $100 million share buyback

TTM Technologies Inc. said in an 8-K filing that its board of directors authorized a new share repurchase program of up to $100 million in value. The program runs through Oct. 27, 2027.

The announcement came in a press release dated Oct. 27, 2026. The company also said it had finished its previously announced 2025 share repurchase program.

The company makes mission systems, radio frequency (RF) components, RF microwave and microelectronic assemblies, and interconnect products, including printed circuit boards and substrates.

Under the 2025 program, the company bought about 1.16 million shares with cash on hand. All of those purchases occurred on Oct. 26 and Oct. 27, 2026, at an average price of $86.31 per share, including commissions.

The aggregate value was about $100 million.

President and Chief Executive Officer Dr. Edwin Roks said in the press release: “Our repurchases under our 2025 Share Repurchase Program underscore our confidence in TTM’s growth strategy, including the anticipated growth from the ramp in sales of the Company’s N+M products.”

The timing, manner, price and amount of repurchases under the new program will be determined by management. The company will weigh liquidity, capital requirements, cash flows, market conditions and legal restrictions.

Shares may be bought in open market purchases, in privately negotiated transactions or under Rule 10b5-1 plans.

The authorization does not obligate the company to buy any particular amount of stock. The program may be suspended or discontinued at the company’s discretion without prior notice.

The filing does not say how much of the new $100 million has been used.