On August 7, TTM Technologies Inc rose 5.29% in regular trading, trading at $141.355/share, with turnover of $61.91 million. The stock continued its strong recovery following a better-than-expected Q2 earnings report.

TTM Technologies reported Q2 adjusted earnings per share of $0.99, exceeding analyst consensus of $0.90 and surging 70.69% year-over-year from $0.58. Revenue came in at $1.004 billion, beating expectations of $962 million and reflecting 37.42% growth from $730.6 million in the prior-year quarter. Although the stock initially plunged 10.4% to $117.6 in after-hours trading following the earnings release, the market quickly reassessed the results, triggering a sharp recovery that has extended over multiple sessions.

The stock had previously declined over 40% in July. Investment bank Stifel identified TTM Technologies as a representative name whose valuation had been significantly compressed, arguing that the AI hardware sector selloff represented a rational valuation reset rather than weakening demand. The earnings beat further reinforced the rebound thesis as the broader AI hardware sector entered a recovery phase.

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