On May 22, TTM Technologies rose 5.43% in pre-market trading, trading at 187.0 USD/share, with trading volume of approximately $1.40 million. The stock extended its rebound for a third consecutive session.
On the news front, the Electronic Manufacturing Services sector continued its broad-based recovery, with peers posting gains: Celestica up 1.15%, Fabrinet up 0.92%, Jabil Circuit up 0.87%, and TE Connectivity up 0.39%. TTM Technologies had previously pulled back over 15% alongside the sector before initiating the current multi-day rebound.
Fundamentally, the company reported record first-quarter net sales of approximately $846 million, representing 30% year-over-year growth, with Non-GAAP diluted EPS surging 50% year-over-year. The book-to-bill ratio reached 1.41, signaling robust demand. Additionally, second-quarter guidance of $930 million to $970 million in net sales exceeded market expectations, further supporting investor confidence in the stock's recovery trajectory.
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