TTM Technologies gains as record Q1 and upbeat AI-driven guidance stays in focus
TTM Technologies shares rose after last week’s record Q1 2026 results and a raised outlook continued to reverberate into today’s session. The company posted $846 million in Q1 sales (+30% YoY) and guided Q2 sales to $930–$970 million with non-GAAP EPS of $0.82–$0.88, citing AI-driven data center and networking demand.
1. What’s moving the stock today
TTM Technologies (TTMI) is higher in Wednesday’s May 6, 2026 session as investors continue to reprice the shares after the company delivered record first-quarter 2026 results and issued a stronger near-term outlook. The move follows management’s commentary that demand tied to AI infrastructure is supporting outsized growth in its Data Center and Networking end market.
2. The key numbers investors are trading off
For Q1 2026 (ended March 30, 2026), TTM reported net sales of $846 million, up 30% year over year, and GAAP net income of $50.0 million ($0.47 per diluted share). Non-GAAP net income was $80.1 million ($0.75 per diluted share), and management highlighted a total book-to-bill of 1.41 and total program backlog of $1.6 billion, alongside Data Center and Networking at 36% of sales driven by continued AI demand.
3. Outlook and near-term catalysts
TTM guided Q2 2026 net sales to $930 million–$970 million and non-GAAP EPS to $0.82–$0.88, and said it believes the first-half growth trajectory can continue at approximately the same pace in the second half of fiscal 2026. The company also has scheduled shareholder and investor-facing events in the coming weeks, including its Annual Meeting of Stockholders on May 7, 2026 and an Investor Day on May 27, 2026, which could keep attention on forward demand signals and capacity plans.