Teradyne (NasdaqGS:TER) Q4 2025 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsAmy McAndrews - VP of Corporate RelationsGreg Smith - CEOMichelle Turner - CFOConference Call ParticipantsBrian Chin - AnalystC.J. Muse - AnalystDave Duley - AnalystJim Schneider - AnalystKrish Sankar - AnalystMehdi Hosseini - AnalystSameek Chatterjee - AnalystTimothy Arcuri - AnalystVedvati Shrotria - AnalystOperatorLadies and gentlemen, good morning, and welcome to the Teradyne fourth quarter and full year 2025 ...

泰瑞达首席执行官Greg Smith表示："我们第四季度的业绩超出预期范围的高端，这主要得益于半导体 测试业务中人工智能相关的计算、网络和内存需求。我们所有业务部门——半导体测试、产品测试和机 器人——都实现了环比增长，公司层面预计到2025年将增长13%。" 智通财经APP获悉，周二，泰瑞达(TER.US)盘前涨超8%，开盘料创历史新高，现报269.02美元。消息面 上，该公司公布的2025财年第四季度业绩超出预期，Q4营收同比增长43.9%至10.8亿美元，高于分析师 预期的9.756亿美元(超出预期11%)。其非GAAP每股收益为1.80美元，高于分析师的普遍预期1.38 美 元。泰瑞达2025 年全年营收为 31.9 亿美元，比 2024 年增长 13%，调整后每股收益为 3.96 美元，而上 一年为 3.22 美元。 展望未来，泰瑞达对2026年第一季度营收的预期中值为12亿美元，高于分析师此前预测的9.54亿美元。 预计2026 年第一季度调整后每股收益预期中值为 2.07 美元，高于分析师预期的 1.25 美元。卖方分析师 预计未来12个月营收将增长21.8%，较过去两年有所提升。这一预测令人瞩 ...

Financial Data and Key Metrics Changes - Teradyne reported a strong fourth quarter with a 41% sequential revenue growth and over 100% non-GAAP earnings growth, exceeding high guidance expectations [4][17] - Fourth quarter sales reached $1,083 million, with non-GAAP EPS of $1.80, marking the highest revenue quarter of 2025 and the second highest in company history [17][18] - Full-year revenue for 2025 was $3.2 billion, up 13% from the previous year, with non-GAAP EPS increasing by 23% to $3.96 [22][29] Business Line Data and Key Metrics Changes - The semiconductor test group achieved 19% year-over-year growth, with SoC test revenue growing 23% year-over-year, primarily driven by networking and VIP compute [7][10] - Robotics revenue grew for the third consecutive quarter, reaching $89 million, with a 19% increase from Q3 [18] - The product test group grew revenue by 8% in 2025, supported by strong demand in defense and aerospace [5][6] Market Data and Key Metrics Changes - AI-driven revenue accounted for over 60% of Teradyne's revenue in Q4 2025, with expectations that it will drive upwards of 70% in Q1 2026 [5][10] - The total addressable market (TAM) for SoC reached record levels in 2025, nearly 60% larger than in 2024, with expectations for robust growth driven by data center build-out and edge AI [9][10] - The overall memory TAM was down about 4% from 2024, but Teradyne gained market share, particularly in HBM and DRAM [11][12] Company Strategy and Development Direction - Teradyne's strategy focuses on AI, verticalization, and electrification, with a pivot towards high-growth segments and technologies [5][10] - The company announced a joint venture with MultiLane to serve the growing AI data center demand, expected to close in the first half of 2026 [15][25] - The new target earnings model is framed around an ATE TAM of $12-$14 billion, with expectations of achieving $6 billion in revenue [26][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in AI data centers and the recovery of markets such as auto industrial and mobile [13][14] - The company anticipates a significant jump in device complexity and a potential increase in market share in the compute space [14][52] - Management cautioned about the lumpiness of revenue patterns and the unpredictability of future growth, particularly in the second half of 2026 [33][64] Other Important Information - Non-GAAP gross margins for Q4 were 57.2%, with operating profit dollars roughly doubling compared to the prior quarter and year [18][19] - Teradyne returned $785 million to shareholders through share repurchases and dividends in 2025, representing 174% of free cash flow [22][29] - The company expects Q1 2026 sales to be between $1.15 billion and $1.25 billion, driven by AI demand [22][23] Q&A Session Summary Question: Near-term outlook for 2026 revenue growth - Management indicated a healthy backlog and better insights for the first half of 2026, but cautioned against linear growth assumptions due to potential revenue lumpiness [32][33] Question: Long-term share growth expectations - Management expects to gain share in the compute space, with a balanced growth model reflecting various market segments [35][52] Question: Breakdown of SoC TAM in 2025 - The SoC TAM was approximately $5 billion for compute, $1 billion for mobility, and just under $1 billion for auto industrial [42] Question: Growth expectations for HDD test revenue - HDD revenue is expected to double between 2025 and 2026, with the new customer complementing internal testing capabilities [75] Question: Sensitivity of ATE market and revenue targets - Management acknowledged that the $6 billion revenue target is balanced, with uncertainties around market growth rates and share gains [51][52]

Shares of Teradyne rose sharply Tuesday after the maker of test systems for semiconductors and robotics smashed quarterly earnings expectations. ...

Core Viewpoint - Teradyne's stock surged by 20% following the announcement of its first billion-dollar quarter since 2021, with reported revenue of $1.08 billion, significantly exceeding quarterly earnings expectations [1][1][1] Company Performance - Teradyne achieved revenue of $1.08 billion, marking a notable milestone as it is the first time the company has reached this revenue level in years [1][1] - The strong earnings report indicates a positive trend in Teradyne's financial performance, particularly in the semiconductor and robotics testing systems market [1][1] Market Reaction - Following the earnings announcement, Teradyne's shares experienced a sharp increase, reflecting investor confidence and market optimism regarding the company's future prospects [1][1][1]

Financial Results for Q4 2025 and Full Year 2025 February 3, 2026 Safe Harbor 3 Delivered Strong Q4'25 Results 41% sequential and 44% YoY growth, above high guidance This presentation contains forward-looking statements including statements regarding Teradyne's future business prospects, financial performance or position and results of operations. You can identify forward-looking statements by their use of forward-looking words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "esti ...

Teradyne Reports Fourth Quarter and Full Year 2025 Results | | | Q4'25 | | Q4'24 | | Q3'25 | | FY 2025 | | FY 2024 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Revenue (mil) | $ | 1,083 | $ | 753 | $ | 769 | $ | 3,190 | $ | 2,820 | | GAAP EPS | $ | 1.63 | $ | 0.90 | $ | 0.75 | $ | 3.47 | $ | 3.32 | | Non-GAAP EPS | $ | 1.80 | $ | 0.95 | $ | 0.85 | $ | 3.96 | $ | 3.22 | NORTH READING, Mass. – February 2, 2026 – Teradyne, Inc. (NASDAQ: TER) reported revenue of $1,083 million for the ...

Shares of Teradyne Inc (NASDAQ:TER) rose sharply in pre-market trading after the company released its fourth-quarter earnings report, beating estimates on the top and bottom lines.Teradyne also said it sees first-quarter adjusted EPS of $1.89 to $2.25, versus the $1.24 analyst estimate, and revenue in a range of $1.15 billion to $1.25 billion, versus the $927.72 million estimate.Teradyne shares jumped 22.2% to $305.00 in the pre-market trading session.Here are some other stocks moving in pre-market trading. ...

半导体测试公司泰瑞达(TER.US)公布了2025财年第四季度业绩超出预期。 Q4营收同比增长43.9%至10.8亿美元，高于分析师预期的9.756亿 美元(超出预期11%)。其非GAAP每股收益为1.80美元，高于分析师的普遍预期1.38 美元。盘后泰瑞达大涨近20%！ 半导体测试是泰瑞达最大的业务部门，本季度创造了 8.83 亿美元的收入，而产品测试和机器人业务分别贡献了 1.1 亿美元和 8900 万美元的 收入。 调整后营业利润为3.14亿美元，高于分析师预期的2.498亿美元(调整后利润率29%)。营业利润率为27.1%，高于去年同期的20.4%。自由现 金流利润率为20.2%，低于去年同期的29.9%。 泰瑞达2025 年全年营收为 31.9 亿美元，比 2024 年增长 13%，调整后每股收益为 3.96 美元，而上一年为 3.22 美元。 四季度，泰瑞达的库存周转天数(DIO)为74天，低于上一季度的104天，比五年平均水平低15天。 目前来看，这些数据显示库存健康的迹象。 DIO是芯片制造商的一项重要指标，因为它反映了企业的资本密集度以及半导体供需的周期性波动。在供应紧张的环境下，库存往往保 ...

Teradyne just issued an earnings forecast so strong that it wasn't even in the neighborhood of what analysts were expecting, and its stock is soaring. ...