On May 26, TTM Technologies rose 5.2% overnight, trading at $201.77/share, with trading volume of approximately $160,800, extending its consecutive rebound trend.
On the news front, the company reported record-breaking Q1 results with net sales surging 30% year-over-year to approximately $846 million, marking the highest quarterly revenue in its history. Non-GAAP diluted EPS jumped 50% year-over-year, while the book-to-bill ratio reached 1.41, signaling robust market demand. Additionally, Q2 guidance projects net sales of $930 million to $970 million, exceeding market expectations and providing continued support for the stock price.
At the industry level, the Electronic Manufacturing Services sector sustained its recovery momentum. Among sector peers, Flex Ltd rose 2.68%, TE Connectivity gained 2.07%, Fabrinet advanced 1.58%, Celestica climbed 1.53%, and Jabil Circuit added 1.55%, reflecting broadly positive sector sentiment that created a favorable environment for the stock's continued upward trajectory.
(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.)