On May 26, TTM Technologies rose 6.36% in pre-market trading, trading at $200.62/share, with trading volume of approximately $2.64 million, extending its consecutive rebound trend.
On the news front, the rally continues to be driven by the company's exceptionally strong Q1 results and a sustained recovery across the Electronic Manufacturing Services sector. TTM reported Q1 net sales growth of 30% year-over-year, marking its highest quarterly revenue on record. Non-GAAP diluted EPS surged 50% year-over-year, while a book-to-bill ratio of 1.41 signaled robust end-market demand. Additionally, Q2 guidance of $930 million to $970 million in net sales exceeded market expectations, providing continued support for the stock's upward momentum.
At the industry level, the EMS sector extended its recovery, with Fabrinet up 2.29%, Celestica up 2.21%, Jabil Circuit up 2.02%, Flex Ltd up 1.44%, and TE Connectivity up 1.04%. The stock had previously pulled back over 15% alongside the broader sector downturn and has now entered a sustained recovery phase.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)