Risk Sleuth
TTMI · 10-K filed 17 Feb 2026 · year to 29 Dec 2025

TTM Technologies

31 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Five largest OEM customers

concentrated in · approximately 44%named as a risk
Our five largest OEM customers collectively accounted for approximately 44%, 42%, and 41% of our net sales for the years ended December 29, 2025, December 30, 2024, and January 1, 2024, respectively, and two customers collectively represented 23% of our net sales for the year ended December 29, 2025.Risk factors (Item 1A)

EMS providers

earns from · approximately 30%named as a risk
Sales to EMS companies represented approximately 30%, 28%, and 31% of our net sales for the years ended December 29, 2025, December 30, 2024, and January 1, 2024, respectively.Risk factors (Item 1A)

U.S. federal government

earns fromnamed as a risk
A significant portion of our revenues is derived from products and services that are ultimately sold to the U.S. federal government by our OEM and EMS customers and is therefore affected by, among other things, the federal government budget process.Risk factors (Item 1A)

Also named by ACN, ADSK, AKAM, AMRC, APG, CACI, CBRE, CI and 25 more

Automotive customers

earns fromnamed as a risk
If we were to lose automotive customers due to quality control issues, we might not be able to regain those customers or gain new automotive customers for long periods of time, which could have a material adverse effect on our financial condition and/or results of operations.Risk factors (Item 1A)

U.S. Navy AN/APS-153 radar (MH-60R)

earns from
At this time, we are also the sole provider of the U.S. Navy’s AN/APS-153 multi-mode radar on the MH-60R helicopter, and the communications suite within the MH-60R/S multi-mission helicopters.Business (Item 1)

Other companies

All-China Federation of Trade Unions

approximately 9,900 employeesnamed as a risk
China, approximately 9,900 employees are members of the All-China Federation of Trade Unions and accordingly are considered to be represented by a labor union.Business (Item 1)

Competitors

Qorvo, Inc.

competes with
Our principal competitors for our RF&S Components segment include Advanced Micro Devices, Inc., IDT Corporation, MACOM Technology Solutions Holdings, Inc., Microchip Technology Incorporated, Qorvo, Inc., and Silicon Laboratories Inc.Business (Item 1)

Also named by MTSI, SWKS

Mercury Systems, Inc.

competes with
Our principal competitors for our A&D segment include BAE Systems plc, Curtiss-Wright Corporation, Leonardo DRS, Inc., Mercury Systems, Inc., and Sanmina Corporation.Business (Item 1)

Unimicron Technology Corp.

competes with
Our principal competitors for our Commercial segment include AT&S (Austria Technologie & Systemtechnik Aktiengesellschaft), Founder Technology Group Co., Ltd., Gold Circuit Electronics Ltd., Isu Petasys Co., Ltd., Kinwong Electronic Co. Ltd., Unimicron Technology Corp., Victory Giant Technology Co., Ltd., and WUS Printed Circuit Co., Ltd.Business (Item 1)

Places

Non-U.S. operations

earns from · approximately 50% of our net salesnamed as a risk
In addition, for the year ended December 29, 2025, we generated approximately 50% of our net sales from non-U.S. operations, and a significant portion of our manufacturing material was provided by international suppliers during this period.Risk factors (Item 1A)

Also named by AIG, ESI, FDS, MKC, MRSH, NTRS, SOLS

China

operates innamed as a risk
We have significant manufacturing operations in China, elsewhere in Asia and Canada and sales offices located in Asia and Europe.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Malaysia

operates in
As our commercial customers ramp to volume, we are positioned to transition them to one of our volume facilities in China or Malaysia.Business (Item 1)

Also named by A, ANET, AVGO, CGNX, DELL, FSLR, LITE, MSI and 6 more

Hazards

Russia-Ukraine conflict

named as a risk
As a result, there is a risk that supplies of our products may be significantly delayed by or may become unavailable as a result of the conflict between Russia and Ukraine and in other global regions affecting us or our suppliers.Risk factors (Item 1A)

Also named by ABT, ADM, ARWR, CAG, CDRE, DOW, EMN, FDX and 14 more

Commodities and inputs

Term SOFR

exposed to its price · $1.7 millionnamed as a risk
Based on our borrowings as of December 29, 2025, an assumed 100 basis point change in variable rates would cause our annual interest cost to change by $1.7 million.Market risk (Item 7A)

Also named by BWIN, CLH, DORM, DPZ, DY, ECG, HUBB, IBP and 9 more

Copper

exposed to its pricenamed as a risk
If raw material and component prices remain elevated and the cost of the metals that we use to produce our product, especially the prices of copper, gold, tin, palladium, and other precious metals remain elevated or otherwise continue to increase, it may reduce our gross margins.Risk factors (Item 1A)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Chinese yuan (RMB)

exposed to its pricenamed as a risk
Fluctuations in the exchange rates between the U.S. dollar and the RMB and/or the MYR could result in increases in our costs or decreases in our revenues which could negatively impact our business, financial condition, and results of operations.Risk factors (Item 1A)

Also named by ABT, ASO, BEN, CHRW, CROX, CYRX, DORM, ESI and 13 more

Gold

exposed to its pricenamed as a risk
If raw material and component prices remain elevated and the cost of the metals that we use to produce our product, especially the prices of copper, gold, tin, palladium, and other precious metals remain elevated or otherwise continue to increase, it may reduce our gross margins.Risk factors (Item 1A)

Also named by AMKR, APH, BLK, CDE, DC, EZPW, FCFS, FCX and 10 more

Palladium

exposed to its pricenamed as a risk
If raw material and component prices remain elevated and the cost of the metals that we use to produce our product, especially the prices of copper, gold, tin, palladium, and other precious metals remain elevated or otherwise continue to increase, it may reduce our gross margins.Risk factors (Item 1A)

Also named by JBL, LKQ, MXL, VSH

Tin

exposed to its pricenamed as a risk
If raw material and component prices remain elevated and the cost of the metals that we use to produce our product, especially the prices of copper, gold, tin, palladium, and other precious metals remain elevated or otherwise continue to increase, it may reduce our gross margins.Risk factors (Item 1A)

Also named by ESI, LFUS

Malaysian ringgit (MYR)

exposed to its pricenamed as a risk
Our primary foreign exchange exposure is to the RMB and MYR.Market risk (Item 7A)

Also named by TXN

Copper clad laminates

depends onnamed as a risk
Supply for PCB materials can vary over time depending on supply/demand dynamics for key raw materials such as copper clad laminates.Business (Item 1)

Regulators

Defense Counterintelligence and Security Agency (DCSA)

subject tonamed as a risk
Further, our Board has adopted an SBR that has been approved by the DCSA that requires the Company to adopt certain corporate constructs, policies, and procedures.Risk factors (Item 1A)

Laws and programs

OECD Pillar Two

subject tonamed as a risk
The implementation of Pillar Two, which became effective in many countries on January 1, 2024, in countries in which we operate may adversely impact our effective tax rates.Risk factors (Item 1A)

Also named by APO, BAM, BAX, BF/B, CHRW, COHR, CPNG, CRM and 45 more

Export Administration Regulations (EAR)

subject tonamed as a risk
Some items we manufacture are controlled for export by the U.S. Department of Commerce’s Bureau of Industry and Security under EAR.Risk factors (Item 1A)

Also named by ADI, ALAB, AMD, APP, ARW, AVGO, CARR, CDRE and 40 more

International Traffic in Arms Regulations (ITAR)

subject tonamed as a risk
Our global business operations must also comply with all applicable domestic and foreign export control laws, including ITAR and EAR.Risk factors (Item 1A)

Also named by ACHR, ADI, AIR, ALSN, APH, AVAV, CDRE, CLS and 29 more

National Industrial Security Program Operating Manual (NISPOM)

subject tonamed as a risk
If for some reason our security clearance is invalidated or terminated, we may not be able to continue to perform on classified contracts and would not be able to enter into new classified contracts, which could materially adversely affect our business, financial condition, and results of operations.Risk factors (Item 1A)

Also named by KTOS

U.S. and China tariffs on PCBs

subject tonamed as a risk
Both the U.S. and Chinese governments have included PCBs among items subjected to tariffs imposed on imports from such countries, which may negatively impact our revenue and profitability.Risk factors (Item 1A)

U.S. Munitions List

subject tonamed as a risk
Future changes to the U.S. Munitions List could reduce or eliminate restrictions that currently apply to some of the products we produce.Risk factors (Item 1A)

California SB 253 Climate Corporate Data Accountability Act

subject tonamed as a risk
We are subject to the reporting requirements of California’s SB 253 Climate Corporate Data Accountability Act, which could cause us to incur significant costs to monitor and report our greenhouse gas emissions, which would have negative impact on our profitability.Risk factors (Item 1A)

China environmental regulations

subject tonamed as a risk
Environmental claims or the failure to comply with current or future regulations could result in the assessment of damages or imposition of fines against us, suspension of production, or cessation of operations.Risk factors (Item 1A)

EU RoHS and REACH directives

subject tonamed as a risk
We are increasingly required to certify compliance with various material content restrictions in our products based on laws of various jurisdictions or territories such as the RoHS and REACH directives in the European Union and China’s RoHS legislation.Risk factors (Item 1A)