On August 6, TTM Technologies Inc rose 5.94% in regular trading, trading at approximately $140.49 per share, with turnover of $1.39 billion.

On the news front, the company released its Q2 fiscal report after the close on August 5. The actual adjusted EPS came in at $0.93, surpassing the consensus estimate of $0.90 (representing 71.25% year-over-year growth). Market consensus had expected revenue of $962 million, a 43.91% year-over-year increase. Despite the beat, the stock initially plunged 10.4% in after-hours trading to $117.6, but subsequently stabilized as the market reassessed the results, rebounding sharply in pre-market and extending gains into regular trading.

The stock had accumulated a decline of over 40% in July amid a broad AI hardware sector selloff. Investment bank Stifel had previously identified TTM Technologies Inc as a representative name whose valuation had been significantly compressed, characterizing the sector selloff as a rational valuation reset rather than a signal of weakening demand. The earnings beat further reinforced the rebound thesis following the deep correction.

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