New York, February 2, 2026, 13:48 EST — Regular session
- TTMI shares climbed roughly 7% in afternoon trading, hitting a new session peak earlier.
- The board is bringing in two independent directors, while two current members plan to step down at the May annual meeting
- Next milestone for the stock: earnings call on Feb. 4, with the 2026 outlook in focus
Shares of TTM Technologies jumped roughly 7% on Monday after the printed circuit board maker announced the addition of former U.S. Army secretary Ryan D. McCarthy and aerospace veteran Daniel G. Korte to its board as independent directors. By 1:48 p.m. EST, the stock climbed 7.1% to $105.19, bouncing back from Friday’s close at $98.20. Throughout the session, the shares swung between $95.55 and $105.27. Board chair Rex Geveden expressed enthusiasm about bringing Dan and Ryan on board, while CEO Edwin Roks said he was “energized to lead TTM into the future.” TTM Technologies, Inc.
These shifts are significant since TTM operates in long-cycle aerospace and defense sectors, where reputation and connections often count more over years than just quarters. Plus, the news arrives with the company’s next earnings update looming.
TTM plans to release quarterly results and hold an earnings call on Feb. 4 at 4:30 p.m. ET. Investors will focus on updates to the company’s 2026 sales and margin forecasts, particularly in aerospace and defense projects and data-center hardware segments.
In a filing with the U.S. Securities and Exchange Commission, the company announced that director and former CEO Thomas T. Edman will retire following the annual shareholder meeting on May 7. The filing stressed his departure isn’t linked to any dispute. It also noted that director John G. Mayer must step down at the meeting due to the company’s age limit. Both new director appointments are pending approval from the Defense Counterintelligence and Security Agency, per a security agreement.
A separate Form 144 filing revealed that Edman intends to offload 16,800 shares via Fidelity Brokerage Services LLC on Monday. Rule 144 disclosures are mandatory when insiders sell stock. This notice cited a 10b5-1 trading plan set up in August 2025, allowing insiders to pre-schedule trades.
TTM Technologies, headquartered in Santa Ana, manufactures printed circuit boards (PCBs)—those layered boards that link and power electronic devices—as well as radio-frequency (RF) components for communications and defense equipment. The company also builds more intricate assemblies and substrates.
Board changes won’t kick in until May, so they won’t impact day-to-day operations right now. Insider sale notices, even if part of pre-set plans, can still spook some investors. The real threat to the rally is Wednesday’s earnings report—if the outlook turns cautious, orders fall short, or margins tighten, Monday’s gains could vanish fast.
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