Press release
Teradyne Reports Third Quarter 2021 Results
Revenue of $951 million in Q3’21 grew 16% from Q3’20 and 63% from Q3’19 GAAP Gross Margin 60% in Q3’21, up from 56% in Q3’20 and 59% in Q3’19Q3’21 GAAP
About this update from Teradyne, Inc.
[{"type":"text","content":"Revenue of $951 million in Q3’21 grew 16% from Q3’20 and 63% from Q3’19 GAAP Gross Margin 60% in Q3’21, up from 56% in Q3’20 and 59% in Q3’19Q3’21 GAAP earnings per share grew 17% from Q3’20 and 88% from Q3’19Q3’21 non-GAAP earnings per share grew 35% from Q3’20 and 106% from Q3’19Test revenue grew 14% from Q3’20 and 67% from Q3’19 on Semiconductor Test and Wireless Test strengthIndustrial Automation revenue grew 32% from Q3’20 and 32% from Q3’19 on global demand growth at Universal Robots Q4’21 Revenue guidance at mid-point represents 13% growth from Q4’20 and 31% from Q4’19 Q3'21Q3'20 Q2'21Q1-Q3’21Q1-Q3’20Revenue (mil)$ 951$ 819 $1,086$2,818$2,363GAAP EPS$ 1.41$ 1.21 $1.76 $4.26$3.23Non-GAAP EPS$ 1.59$ 1.18 $1.91 $4.61$3.52 NORTH READING, Mass., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Teradyne, Inc. (NASDAQ: TER) reported revenue of $951 million for the third quarter of 2021 of which $688 million was in Semiconductor Test, $103 million in System Test, $69 million in Wireless Test and $91 million in Industrial Automation (IA). GAAP net income for the third quarter was $256.7 million or $1.41 per diluted share. On a non-GAAP basis, Teradyne’s net income in the third quarter was $278.6 million, or $1.59 per diluted share, which excluded losses on convertible debt conversions, acquired intangible asset amortization, restructuring and other charges, non-cash convertible debt interest, discrete tax adjustments and included the related tax impact on non-GAAP adjustments. “Demand for both our Test and Industrial Automation products remained strong in Q3 and we delivered our eighth consecutive quarter of double-digit, year on year revenue and profit growth,” said Teradyne CEO and President Mark Jagiela. “Higher than expected test shipments balanced lower than planned shipments from our Industrial Automation businesses as we encountered supply constraints in those product lines in the quarter.” “Q4’21 sales are expected to increase over 10% from Q4 2020’s record level on growing demand in Industrial/Automotive Test, Storage Test, and Industrial Automation. Full year company sales, GAAP EPS and non-GAAP EPS are expected to grow 18%, 28% and 27%, respectively, at the mid-point of our guidance.” Guidance for the fourth quarter of 2021 is revenue of $820 million to $900 million, with GAAP net income of $1.08 to $1.33 per diluted share and non-GAA...