TTM Technologies Inc. (TTMI) experienced a significant pre-market surge of 10.58%, continuing its recent positive momentum.
The sharp increase is primarily attributed to the company's robust first-quarter financial performance. TTM Technologies reported record net sales of approximately $846 million, representing a 30% year-over-year growth, while Non-GAAP diluted earnings per share surged 50%. A strong book-to-bill ratio of 1.41 further signaled healthy future demand. Additionally, the company provided second-quarter revenue guidance of $930 million to $970 million, which exceeded market expectations and bolstered investor confidence.
The broader Electronic Manufacturing Services (EMS) sector's recovery also provided a tailwind for the stock, contributing to the multi-session rally following a prior pullback.