The most recent trading session ended with Teradyne (TER) standing at $120.95, reflecting a +0.62% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.54%. At the same time, the Dow lost 0.53%, and the tech-heavy Nasdaq lost 0.66%.The maker of wireless products, data storage and equipment to test semiconductors's stock has climbed by 12.99% in the past month, exceeding the Computer and Technology sector's gain of 3.76% and the S&P 500's gain of 1.5% ...

While IT Software companies (with different ramifications) are my favourites, bringing significantly higher growth than the overall economy, I rarely invest in IT Hardware. There are some major differences:"Fundamental Options" would be the title of my investing style, because I combine fundamental analysis with the power of options. I use Fundamental Analysis to quantitatively and qualitatively assess individual stocks and ETFs, and I pursue various strategies: Income oriented, especially BDCs, but also Ut ...

Teradyne, Inc. (NASDAQ: TER ) fell sharply after reporting Q3 2024 earnings on October 23, and this may be a make-or-break moment for the stock. Why do I say this? Because the stock is at a critical support level, technically speaking, and couldFull time trader and investor. Instead of lengthy and boring articles, I prefer writing concise arguments about value stocks. My goal is to identify great entry levels. Prices that you can remember years later and say "it was a great time to buy". My focus is on qual ...

For the quarter ended September 2024, Teradyne (TER) reported revenue of $737.3 million, up 4.8% over the same period last year. EPS came in at $0.90, compared to $0.80 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $714.07 million, representing a surprise of +3.25%. The company delivered an EPS surprise of +15.38%, with the consensus EPS estimate being $0.78.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Teradyne (TER) reported third-quarter 2024 earnings of 90 cents per share, which surpassed the Zacks Consensus Estimate by 15.38% and increased 12.5% year over year.Revenues of $737 million beat the Zacks Consensus Estimate by 3.25% and increased 5% year over year. The growth is driven by strong AI-related demand.TER’s shares have risen 14.7% compared with the Zacks Computer and Technology sector’s rise of 27.1% year to date. We believe the raised guidance will help TER stock to recover.TER’s Q3 Top-line De ...

Financial Data and Key Metrics - Q3 2024 sales were $737 million, at the high end of guidance, with non-GAAP EPS of $0.90, above the high-end guide of $0.86 [12] - Non-GAAP gross margins were 59.7%, above guidance due to product mix [12] - Non-GAAP operating expenses were $275 million, up sequentially and year-over-year, consistent with guidance [12] - Non-GAAP operating profit was approximately 22% [12] - Free cash flow was $114 million, driven by earnings and net working capital improvements [15] - Q4 sales are expected to be between $710 million and $760 million, with gross margins estimated at 59.5% to 60.5% [15] Business Line Performance - Semi Test revenue for Q3 was $543 million, with SoC contributing $393 million and Memory $150 million [13] - SoC strength was driven by Compute, while Mobile and Industrial continued to ship at consistent levels with Q2 [13] - Memory Test revenue was driven by HBM DRAM shipments, flash tooling for new UFS 4.0 standard in Mobility, and DRAM wafer sort [13] - System Test group revenue was $73 million, with continued weakness across businesses, particularly in Production Board Test and Storage Test [13] - Robotics revenue was approximately $89 million, flat sequentially and up 3% year-over-year, with UR contributing $73 million and MiR contributing $15 million [14] Market Performance - Cloud AI is driving demand in both the SoC and Memory Test markets, with Semi Test business performing above expectations [5] - Memory business delivered record high revenue in Q3 due to strong HBM demand [5] - SoC business was driven by networking and vertically integrated producers (VIPs) designing silicon for Cloud and Edge AI applications [5] - Robotics business has delivered 8% year-to-date growth despite a worsening industrial macro backdrop [10] Strategic Direction and Industry Competition - AI is a transformational secular growth driver across Teradyne's businesses, both in test and robotics [12] - The company is increasing its SoC SAM forecast for the Compute market segment by $200 million to $1.8 billion in 2024, up from $1.4 billion in 2023 [7] - Memory TAM for 2024 is now expected to be over 35% higher than the last peak in 2021, driven by AI-driven HBM DRAM demand [8] - Robotics growth strategy focuses on OEM solutions channel development and innovation-driven SAM expansion [11] Management Commentary on Operating Environment and Future Outlook - Cloud AI demand is expected to continue into Q4, but memory revenue is expected to moderate after a surge in Q3 [9] - The company expects a broader market recovery as it progresses through 2025, with lead times returning to normal [6] - Robotics business is expected to grow 15% to 20% above the industrial automation peer group, despite macroeconomic challenges [18] - The company is planning a low teens increase in year-over-year OPEX for 2025, mainly to fund Semi Test growth initiatives [20] Other Important Information - The company repurchased $25 million of shares and paid $20 million in dividends in Q3 [15] - Equity investment in Technoprobe is reflected below the line in the income statement, with 10% of TPI's profit recognized one quarter in arrears [14] - The company expects Q1 2025 revenue to be roughly 5% to 10% down quarter-over-quarter, with gross margins slightly below the target model [16] Q&A Session Summary Question: System-Level Test (SLT) TAM and Opportunities - SLT TAM is difficult to measure accurately, but the company sees growth opportunities in Compute and mobile markets, with significant strength expected in 2025 [22] - SLT is becoming an important part of the test strategy for processors in smartphones, with additional customers in the mobile space expected to drive growth [22] Question: Test Time for AI Blackwell and SLT Opportunities - Higher test times are tied to device complexity, with SLT acting as a backstop to limit growth in test time [23] - The company's future is tied to vertically integrated producers (VIPs) and networking, with increased networking test seconds expected to grow as fast as Compute test seconds [23] Question: TAM Expansion and Sales Growth - TAM expansion is driven by stronger business in AI Compute and HBM Memory, as well as better visibility into the Chinese market [25] - The company expects to stay on model towards its 2026 plan, with growth of 20% to 25% in 2025 [26] Question: Robotics Business Growth and Industry Comparison - The Robotics business has faced a soft end market, but the company has added high payload robots and established an OEM solutions channel, driving growth [28] - The company expects to outgrow traditional suppliers in robotics and industrial automation by 15 to 20 percentage points per year, with a normal market growth rate of 5% [29] Question: OPEX Growth and Operating Leverage - OPEX growth in 2025 is expected to be in the low teens, with investments focused on Semi Test growth initiatives [30] - The company expects to see operating leverage in 2025, with revenue growth outpacing OPEX growth [30] Question: Industrial Test TAM Revision - The industrial test TAM revision is due to better visibility into the size of the TAM in China, served by indigenous suppliers [42] Question: Mobile SoC Test TAM and Long-Term Opportunity - The company expects the floor in mobile SoC Test TAM to be closer to $1 billion, with upside depending on AI-enabled smartphones and refresh rates [54] Question: Robotics Business Portfolio and Ownership - The company believes it is the right owner of the Robotics business, with a unique value proposition in the advanced robotics space [57] - The company may consider separating the Robotics business in the future, but currently sees value in maintaining the combined entity [57] Question: Semi Test OPEX Increase and Market Share - The Semi Test OPEX increase is cyclical, with investments in VIP customers and networking test driving market share growth [59] Question: HBM Market Share and Post-Stack Die Test - The company has qualified for post-stack die test with a major HBM supplier and expects to gain share in the wafer sort market [60] Question: Mobile Processor Complexity and AI Integration - The company expects modest complexity increases in mobile processors in 2025, driven by AI capabilities, but no significant modem integration [63] Question: Capacity Utilization Trends - Utilization rates have increased mid- to high single digits quarter-on-quarter, with further improvements expected in Q4 [64]

TERADYNE Financial Results: Q3 2024 October 24, 2024 SAFE HARBOR 2 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," "estimate," "goal" or other comparable terms. Forward-looking statements in this presentation address va ...

Exhibit 99.1 Teradyne Reports Third Quarter 2024 Results • Revenue at the high-end and earnings above Q3 guidance • Revenue of $737 million in Q3'24, up 5% from Q3'23 • Year-over-year growth driven by strong AI-related demand | --- | --- | --- | --- | --- | --- | --- | |-----------------|-------|---------------|-------|---------------|-------|-------------| | Revenue (mil) | $ | Q3'24 \n737 | $ | Q3'23 \n704 | $ | Q2'24 \n730 | | GAAP EPS | $ | 0.89 | $ | 0.78 | $ | 1.14 | | Non-GAAP EPS | $ | 0.90 | $ | 0. ...

Teradyne (TER) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.38%. A quarter ago, it was expected that this maker of wireless products, data storage and equipment to test semiconductors would post earnings of $0.76 per share when it actually produced earnings of $0.86, delivering ...

Teradyne (TER) is scheduled to report its third-quarter 2024 results on Oct. 23. For the third quarter, TER expects revenues between $680 million and $740 million. It anticipates non-GAAP earnings per share (EPS) between 66 cents and 86 cents. The Zacks Consensus Estimate for third-quarter EPS is pegged at 78 cents, unchanged in the past 30 days. This suggests a 2.50% decline from the figure reported in the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar The Zacks ...