For the quarter ended March 2024, Teradyne (TER) reported revenue of $599.82 million, down 2.9% over the same period last year. EPS came in at $0.51, compared to $0.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $571.79 million, representing a surprise of +4.90%. The company delivered an EPS surprise of +54.55%, with the consensus EPS estimate being $0.33.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Teradyne (TER) is scheduled to report its first-quarter 2024 results on Apr 24.TER benefits from its robust and diversified portfolio particularly with the broader adoption of 3-nanometer technology in the mobility space and the launch of AI-supported smartphones that is expected to drive test demand.In memory tests, the expansion of DDR5 and HBM devices used in data center applications to bolster retooling capabilities is expected to have contributed to its top-line growth in the to-be-reported quarter.How ...

Teradyne (TER) is strengthening its footprint in the field of robotics on the back of its recent partnership with NVIDIA (NVDA) to integrate advanced AI capabilities into its automation solutions.Teaming up with NVIDIA, Teradyne's robotics division, which comprises Universal Robots (UR) and Mobile Industrial Robots (MiR), is set to transform automation applications with AI-powered technologies.Teradyne’s UR division seamlessly integrated NVIDIA’s accelerated computing into its collaborative robot (cobot) pl ...

It has been about a month since the last earnings report for Teradyne (TER) . Shares have added about 3.9% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Teradyne due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Teradyne Q4 Earnings Top Estimates, Revenues Fall Y/ ...

Financial Performance - Total revenues for 2023 were $2,676,298, a decrease of 15.1% compared to $3,155,045 in 2022[290]. - Net income for 2023 was $448,752, down 37.3% from $715,501 in 2022[290]. - Gross profit for 2023 was $1,536,748, representing a gross margin of approximately 57.4%[290]. - The company reported a basic net income per share of $2.91 for 2023, down from $4.52 in 2022[290]. - Net income for the year ended December 31, 2023, was $706,514,000, a decrease of 6.5% compared to $715,501,000 in 2022[300]. - Cash dividends paid in 2023 were $67,878,000, slightly lower than $69,711,000 in 2022[300]. - The company repurchased common stock worth $397,241,000 in 2023, compared to $752,082,000 in 2022, indicating a significant reduction in buyback activity[300]. - Cash flows from operating activities for 2023 were $585,231,000, an increase from $577,923,000 in 2022[300]. Assets and Liabilities - Total current assets decreased to $2,162,035 in 2023 from $2,257,915 in 2022, a decline of 4.2%[290]. - Total liabilities decreased to $960,927 in 2023 from $1,049,958 in 2022, a reduction of 8.5%[290]. - Cash and cash equivalents decreased to $757,571 in 2023 from $854,773 in 2022, a decline of 11.4%[290]. - Total shareholders' equity increased to $2,525,897 in 2023 from $2,451,294 in 2022, an increase of 3.0%[290]. - As of December 31, 2023, Teradyne's total deferred revenue and customer advances amounted to $137.1 million, a decrease of 29.1% from $193.4 million in 2022[313]. - The balance of maintenance, service, and training deferred revenue was $66.5 million in 2023, down from $78.1 million in 2022, reflecting a decline of 15%[313]. - The balance of extended warranty deferred revenue decreased to $34.9 million in 2023 from $56.2 million in 2022, a decline of 37.9%[314]. - Inventories, net as of December 31, 2023, totaled $309.9 million, a decrease from $325.0 million in 2022[357]. Shareholder Activities - The company repurchased a total of 549,000 shares during the period from October 2, 2023, to December 31, 2023, at an average price of $93.70 per share[171]. - The maximum number of shares that may yet be purchased under the plans or programs is approximately 1,599,497 shares, with a total dollar value of $1,599,497,000[171]. Revenue Recognition and Accounting Policies - Teradyne's hardware revenue is typically recognized at a point in time upon transfer of control to the customer, aligning with the company's revenue recognition policy[310]. - Teradyne recognizes revenue for extended warranties on a straight-line basis over the contract period, with related costs expensed as incurred[314]. - For the year ended December 31, 2023, Teradyne's revenue from point-in-time recognition was $2,259.3 million, while revenue recognized over time was $416.9 million[352]. Foreign Currency and Hedging - The company utilizes foreign currency forward contracts to hedge against exchange rate fluctuations, with maturities of approximately one month[263]. - A hypothetical 10% fluctuation in foreign exchange rates would not have a material effect on the company's consolidated financial position as of December 31, 2023[266]. - Teradyne's foreign currency forward contracts are used to hedge risks associated with foreign currency exchange rate fluctuations, with maturities of less than six months[377]. - The company evaluates cash flow hedges for effectiveness quarterly, ensuring that the critical terms match method remains appropriate[377]. Pension and Employee Benefits - The accumulated benefit obligation for U.S. defined benefit pension plans was $142.2 million, an increase from $140.6 million in 2022[435]. - The funded status of the U.S. pension plans was a deficit of $31.570 million as of December 31, 2023, compared to a deficit of $32.054 million in 2022[435]. - The net periodic pension cost for 2023 was $2.566 million for U.S. plans and $4.198 million for foreign plans, compared to a net income of $7.623 million in 2022[437]. - The total net periodic postretirement benefit cost for 2023 was $2,992 thousand, a significant increase from a cost of $(923) thousand in 2022[452]. Acquisitions and Divestitures - The company entered into a call option to buy 481.0 million Euros in connection with the acquisition of a 10% investment in Technoprobe S.p.A, expiring on April 26, 2024[265]. - Teradyne entered into an agreement to sell its Device Interface Solutions business for $85.0 million in cash, with the transaction expected to close in the first half of 2024[355]. - The company has recorded a total of $3.1 million in acquisition and divestiture expenses related to the Technoprobe transaction in 2023[428]. Goodwill and Intangible Assets - The goodwill balance as of December 31, 2023, was $1,178,218 thousand, with no impairment identified during the annual test[410]. - Teradyne's total intangible assets included developed technology valued at $267.7 million, customer relationships at $52.1 million, and tradenames and trademarks at $59.0 million as of December 31, 2023[412]. - Total intangible assets as of December 31, 2023, amounted to $378.8 million, a decrease from $388.1 million in 2022, reflecting a net carrying amount reduction of approximately 2%[412]. Other Comprehensive Income and Loss - The total accumulated other comprehensive loss as of December 31, 2023, was $26,978 thousand, reflecting significant losses in foreign currency translation and cash flow hedges[404]. - The total recognized in other comprehensive income (loss) for 2023 was $(1,714) thousand, slightly improved from $(1,720) thousand in 2022[451].

Teradyne (TER) reported fourth-quarter 2023 earnings of 79 cents per share, which surpassed the Zacks Consensus Estimate by 9.72% but declined 14.1% year over year.Revenues of $671 million lagged the Zacks Consensus Estimate by 0.85% and declined 8.3% year over year.Quarter DetailsRevenues from Semiconductor Test platforms, System Test business, Wireless Test business and Robotics were $431 million (64.2% of total revenues), $86 million (12.8%), $25 million (3.7%) and $129 million (19.2%), respectively.Robo ...

Quarter Eaded GAAP to Non-GAAP Earnings Reconciliation | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------|-----------------------|---------------------------|---------------------------|-------------------|-----------------------------|-------------------| | | December 31, 2023 \n$ | 2 of Net Revenues \n670.6 | October 1, 2023 \n703,7 $ | 2 of Net Revenues | December 31, 2�22 \n $ 7318 | 2 of Net Revenues | | Gross profit GAAP and non-GAA ...

Teradyne, Inc. (NASDAQ:TER) Q4 2023 Earnings Conference Call January 31, 2024 8:30 AM ET Company Participants Andy Blanchard - Vice President, Corporate Communications Greg Smith - Chief Executive Officer Sanjay Mehta - Chief Financial Officer Conference Call Participants Mehdi Hosseini - SIG Timothy Arcuri - UBS C.J. Muse - Cantor Fitzgerald Vivek Arya - Bank of America Securities Krish Sankar - TD Cowen Brian Chin - Stifel Samik Chatterjee - JPMorgan Toshiya Hari - Goldman Sachs Operator Greetings. Welcom ...

Shares of Teradyne declined in post-market trading on Tuesday after it warned of weaker demand for some systems and forecast another drop in revenue. The stock TER, -1.40% was down 7.3% to $97.00 in after-hours trading, and lost 1.4% to fall to $104.59 at the close. Shares are down 2.8% in the past year. The automatic testing-equipment maker said it expects first-quarter revenue of $540 million to $590 million, a fall of about 4.5% to 12.5% from the same period a year earlier. Analysts polled by FactSet ...

Teradyne (TER) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.72%. A quarter ago, it was expected that this maker of wireless products, data storage and equipment to test semiconductors would post earnings of $0.72 per share when it actually produced earnings of $0.80, delivering a ...