TTM Technologies jumps nearly 24% on record Q1 and stronger Q2 outlook
TTMI•TTM Technologies shares are surging after the company posted record Q1 2026 results and issued upbeat Q2 2026 guidance. Net sales rose 30% year over year to $846 million and non-GAAP EPS hit a record $0.75, with Q2 revenue guided to $930–$970 million and non-GAAP EPS to $0.82–$0.88.
1) What’s moving the stock today
TTM Technologies (TTMI) is sharply higher today after releasing first-quarter 2026 results late April 29, 2026, that set company records and pointed to continued momentum into the June quarter. The report highlighted 30% year-over-year sales growth to $846.0 million and record non-GAAP EPS of $0.75, alongside a strong book-to-bill of 1.41 and total program backlog of $1.6 billion—metrics that signaled both demand strength and improving execution.
2) The numbers investors are reacting to
For Q1 2026 (ended March 30, 2026), TTM reported GAAP net income of $50.0 million ($0.47 per diluted share) and adjusted EBITDA of $132.9 million (15.7% margin). Management tied the quarter’s outperformance to robust demand in Data Center and Networking—driven by AI and data center buildouts—while noting double-digit year-over-year growth in Aerospace & Defense and Medical/Industrial/Instrumentation as well. The company also guided Q2 2026 net sales to $930–$970 million and non-GAAP EPS to $0.82–$0.88, reinforcing the “beat-and-raise” narrative behind today’s move.
