- Adjusted EPS for Teradyne in the second quarter is 86 cents, compared to the previous year’s 79 cents and beating the estimate of 77 cents.
- Net revenue increased by 6.7% year-over-year to $729.9 million, surpassing the estimate of $701 million.
- Engineering and development expenses rose by 5.8% to $111.8 million, slightly above the estimate of $106.6 million.
- Revenue from Semiconductor Tests came in at $543 million, higher than the estimated $488.7 million.
- System Test Revenue was $61 million, which is below the estimated $81.7 million.
- Wireless Test Revenue reached $36 million, marginally surpassing the estimate of $35 million.
- For the third quarter, Teradyne forecasts adjusted EPS between 66 cents and 86 cents, with an estimate of 85 cents.
- The company sees third-quarter revenue in the range of $680 million to $740 million, against an estimate of $716.5 million.
- CEO Greg Smith highlighted that AI applications have driven increased demand from compute and memory customers and noted growth in their robotics business both sequentially and year-over-year.
- Analyst consensus: 11 buys, 6 holds, 2 sells.
Teradyne Inc on Smartkarma
Teradyne Inc., a company specializing in advanced testing solutions, has garnered positive analyst coverage on Smartkarma, an independent investment research network. According to Baptista Research, in a report titled “Teradyne Inc.: How Will The Memory Market Volatility Impact Its Business? – Major Drivers,” the company exceeded its first-quarter 2024 financial expectations. Strong performance in Memory and System on a Chip (SOC) segments, particularly driven by AI applications, outperformed projections. Despite some weakness in the mobile sector, Teradyne’s Robotics business successfully met its targets for the third consecutive quarter.
Furthermore, Baptista Research‘s report “Teradyne Inc.: Diversification into AI and Robotics Could Catalyze Growth! – Major Drivers” highlighted the company’s growth potential. Teradyne’s strong performance in the Memory Test sector, driven by demand for DRAM testers, and robust sales growth in Robotics, particularly the UR20 Cobot, showcase its diversification into AI and Robotics. These positive indicators suggest promising growth prospects for Teradyne Inc., as outlined by independent analysts on Smartkarma.
A look at Teradyne Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Teradyne Inc, a company involved in the design, manufacturing, and support of semiconductor test products and services globally, has been rated based on various factors. The company has received a moderate rating for both its Value and Dividend aspects, indicating a stable but not exceptional performance in terms of these areas. Looking towards the company’s Growth factor, it has been bestowed with a slightly higher rating, suggesting potential for expansion and development in the future.
Moreover, Teradyne Inc has been recognized for its strong Resilience and Momentum scores, with a rating of 4 and 5 respectively. This indicates that the company is well-equipped to withstand market challenges and has positive momentum driving its performance. Overall, based on the Smartkarma Smart Scores, Teradyne Inc seems to have a promising outlook for the long term, supported by its diversified range of semiconductor test products and services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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