Press release
Teradyne Reports Second Quarter 2024 Results
NORTH READING, Mass.--(BUSINESS WIRE)-- Teradyne, Inc. (NASDAQ: TER): Revenue and earnings above the high-end of Q2 guidance Revenue of $730 million in
About this update from Teradyne, Inc.
[{"type":"text","content":"\n \n\n\n NORTH READING, Mass.--(BUSINESS WIRE)--\nTeradyne, Inc. (NASDAQ: TER):\n\n\n\nRevenue and earnings above the high-end of Q2 guidance\n\n\n\nRevenue of $730 million in Q2’24, up 7% from Q2’23\n\n\n\n14% YoY Growth in Q2 for Semiconductor Test driven by continued strength in memory and demand recovery in SoC\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ2'24\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nQ2'23\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nQ1'24\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nRevenue (mil)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n730\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n684\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n600\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nGAAP EPS\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1.14\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.73\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.40\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNon-GAAP EPS\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.86\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.79\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.51\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nTeradyne, Inc. (NASDAQ: TER) reported revenue of $730 million for the second quarter of 2024 of which $543 million was in Semiconductor Test, $61 million in System Test, $36 million in Wireless Test and $90 million in Robotics. GAAP net income for the second quarter of 2024 was $186.3 million or $1.14 per diluted share. On a non-GAAP basis, Teradyne’s net income in the second quarter of 2024 was $140.0 million, or $0.86 per diluted share, which excluded acquired intangible asset amortization, restructuring and other charges, gains on foreign exchange options in connection with acquisitions and divestitures, gain on sale of business, and included the related tax impact on non-GAAP adjustments.\n\n\n“In the second quarter, AI applications drove accelerated demand from both compute and memory customers, and our robotics business grew sequentially and year-over-year,” said Teradyne CEO Greg Smith. “Overall, 2024 is shaping up as we expected, and we believe the deployment of edge AI will strengthen demand in our test and robotics businesses over the mid-term.”\n\n\nGuidance for the third quarter of 2024 is revenue of $680 million to $740 million, with GAAP net income of $0.62 to $0.82 per diluted share and non-GAAP net incom...