TTM Technologies Reports Strong Q1 Results, Driving Stock Up Over 15%
TTM Technologies (TTMI) reported a 30% year-over-year increase in net sales to $846 million and a 52% rise in non-GAAP net income to $0.75 per share, surpassing analyst estimates. The stock surged over 15% following the results, driven by strong demand in data center and networking markets linked to AI growth.
Tickers: $TTMI
Topics: AI Demand Earnings Profitability Revenue Growth Stock Performance