US Stock Movement: TTM Technologies surges on October 9 due to Epiq acquisition, AI demand, and PCB.
Bitget异动解读2026/10/09 13:35TTM Technologies October 9th Surge Interpretation
Keywords: Epiq acquisition, AI demand, PCB
1. On September 30, 2026, TTM Technologies completed the $1.1 billion cash acquisition of Epiq Solutions, adding open-architecture software-defined radio, high-performance RF products, and radiation-resistant space computing solutions. Related businesses are expected to immediately increase adjusted EBITDA, and by 2028 will enhance non-GAAP diluted earnings per share.
2. In the second quarter of 2026, the company recorded revenue of approximately $1 billion, a year-over-year increase of 37.4%. Data center and networking business accounted for 40% of sales, with a year-over-year growth of 91%. The company's main products include printed circuit boards, RF components, and mission systems, covering fields such as aerospace, defense, automotive, and telecommunications.
(Disclaimer: This content is generated by AI technology based on publicly available information for summary purposes only. It does not constitute investment advice.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Correction-BUZZ-Reports say Lumentum's optical communication products for AI servers are sold out until 2029, driving its stock price higher
Correction on point 4: Nvidia separately invested $2 billion each in Lumentum and Coherent, rather than a combined investment. October 9 – Shares of photonics product manufacturer Lumentum (LITE.O) surged 6.4% in pre-market trading to $1,114.54. According to Bloomberg, the CEO of LITE stated that as tech companies seek faster AI data center infrastructure, the company's optical device orders are fully booked through early 2029. CEO Michael Hurlston said that by 2027, LITE will be unable to fulfill about 70% of demand for certain products, and by 2028, about 30% of demand for other products will still not be met. Lumentum and its peer Coherent (COHR.N) each received a $2 billion investment from the AI leader Nvidia (NVDA.O) earlier this year. COHR shares recently rose 4.9% in pre-market trading. As of Thursday's close, Lumentum shares have gained 184.5% year-to-date.
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