金吾财讯 | TTM科技（TTMI）盘前股价承压，最新跌7%，报95美元。消息面上，TTM科技第三季度盈利、营收双双超出华尔街预期，但受债务攀升以及收购相关支出因素拖累，盘前走弱。这家总部位于加州圣安娜的印刷电路板及电子元件制造商，调整后每股收益1.46美元，较分析师一致预期1.26美元高出0.20美元；营收同比大增59.9%，达到12.0亿美元，高于11.3亿美元的市场预期，超出7000万美元。净利润由上年同期5310万美元（每股0.50美元）提升至8480万美元（每股0.79美元）。
截至 9月末，公司长期债务由2025年末9.123亿美元增至14.6亿美元，短期债务从380万美元升至1.84亿美元。公司近期宣布计划斥资6.5亿美元现金收购MKS旗下Ophir Optics，或将进一步增加融资压力。业务端，TTMI受益于AI基础设施扩张与军用电子产品需求上行，产品用于数据中心、通信设备、航空航天及国防系统；不过收购扩张带来整合风险、推高财务杠杆，市场担忧会加大持续盈利增长的难度。
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