TTM Technologies Inc.'s stock surged 16.36% in after-hours trading following the release of its first-quarter 2026 financial results, which significantly exceeded analyst expectations.
The company reported Q1 net sales of $845.98 million, a 30% year-over-year increase that beat the consensus estimate of $789.8 million. Adjusted earnings per share jumped 50% to $0.75, surpassing the estimated $0.67. The strong performance was driven by robust demand in the Data Center and Networking segment, supported by AI and data center buildouts, alongside double-digit revenue growth in the Aerospace & Defense and Medical, Industrial, and Instrumentation end markets.
Investor sentiment was further bolstered by the company's optimistic outlook. TTM Technologies provided second-quarter guidance projecting net sales between $930 million and $970 million, with non-GAAP EPS expected in the range of $0.82 to $0.88, indicating confidence in continued growth momentum for the remainder of 2026.