On June 9, TTM Technologies rose 5.23% in regular trading, trading at $186.14/share, with trading volume of $46.459 million. The stock continued its rebound following the release of its Q1 fiscal year earnings call details, which highlighted robust multi-segment growth.

According to the earnings summary, aerospace and defense revenue, comprising 40% of sales, grew 11% year-over-year driven by ALTAMS air defense radar, APS153 maritime surveillance radar, and ballistic missile detection programs. The medical, industrial, and instrumentation segment surged 61% year-over-year, benefiting from medical AI robotics and next-generation continuous glucose monitoring products. The company also raised capital expenditure guidance to $300-$320 million to accelerate capacity expansion, with its Eau Claire facility under construction and Penang factory yields improving to 70%-80%.

Within the Electronic Manufacturing Services sector, most peers also gained, with TE Connectivity up 4.4%, Flex Ltd up 3.22%, Jabil Circuit up 2.04%, and Fabrinet up 1.07%, while Celestica slipped 0.89%. TTM had previously declined over 5% on June 4-5 following the formal announcement of its $400 million senior secured term loan and $1 billion revolving credit facility, which raised leverage concerns.

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