TTM Technologies Shares Surge 15% on AI-Driven Earnings Beat and Raised Guidance

TTM Technologies (NASDAQ: TTMI) saw its shares climb more than 15% following a first-quarter financial report that outperformed market expectations across all key metrics. The specialized tech components manufacturer is benefiting from the aggressive expansion of artificial intelligence infrastructure, which has driven record demand for its networking and data center products. Net sales for the quarter rose 30% year-over-year to reach a record $846 million, surpassing the consensus estimate of $787 million. Non-GAAP net income surged 52% to over $80 million, resulting in an adjusted earnings per share (EPS) of $0.75, compared to the $0.67 projected by analysts. Looking ahead, the company provided bullish second-quarter guidance, forecasting net sales between $930 million and $970 million and adjusted EPS between $0.82 and $0.88. These figures significantly exceed analyst projections of $822.5 million in sales and $0.74 per share. The results position TTM as a key beneficiary of the AI build-out trend. Management indicated that growth in the second half of the year is expected to align with the strong performance seen in the first half, suggesting sustained momentum for the company's specialized component offerings.