In addition to disclosing results that are determined in accordance with GAAP, Teradyne also discloses non-GAAP results of operations that exclude certain income items and charges. These results are provided as a complement to results provided in accordance with GAAP. Non-GAAP income from operations and non-GAAP net income exclude acquired intangible assets amortization, restructuring and other, ERP related expenses, inventory step-up, pension mark-to-market adjustment, pension actuarial gains and losses, d ...

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Investors with a lot of money to spend have taken a bullish stance on Teradyne (NASDAQ:TER).And retail traders should know.We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TER, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga's options scanner spotted 4 ...

Teradyne, Inc. (NASDAQ:TER) will release earnings results for its fourth quarter, after the closing bell on Monday, Feb. 2.Analysts expect the North Reading, Massachusetts-based company to report quarterly earnings at $1.36 per share, up from 95 cents per share in the year-ago period. The consensus estimate for Teradyne's quarterly revenue is $970.46 million, versus $752.88 million a year earlier, according to data from Benzinga Pro.On Jan. 29, Teradyne and MultiLane announced formation of joint venture, Mu ...

Teradyne, Inc. (NASDAQ:TER) will release earnings results for its fourth quarter, after the closing bell on Monday, Feb. 2.Analysts expect the North Reading, Massachusetts-based company to report quarterly earnings at $1.36 per share, up from 95 cents per share in the year-ago period. The consensus estimate for Teradyne's quarterly revenue is $970.46 million, versus $752.88 million a year earlier, according to data from Benzinga Pro.On Jan. 29, Teradyne and MultiLane announced formation of joint venture, Mu ...

The consensus price target for Teradyne, Inc. (NASDAQ:TER) has increased by 4.8% over the past quarter, indicating analyst confidence.Despite high expectations, Goldman Sachs sets a conservative price target of $149, suggesting the current market valuation might be overly optimistic.Teradyne's strategic focus on semiconductor test equipment and AI-enabled robotics positions it for long-term growth, although its stock trades at a premium.Teradyne, Inc. (NASDAQ:TER) is a prominent player in the automatic test ...

Core Insights - Automation and robotics are transitioning from experimentation to real-world applications, driven by advancements in AI and labor constraints, with Serve Robotics and Teradyne representing different investment opportunities within this megatrend [1][2] Group 1: Serve Robotics - Serve Robotics is focused on deploying autonomous delivery robots in urban areas, benefiting from increased engagement with delivery platforms and restaurant partners as automation acceptance grows [4] - The company reported significant growth in delivery volumes, deploying over 2,000 autonomous robots and achieving operational milestones, while maintaining reliability and safety [5] - Despite rapid expansion, Serve Robotics faces financial pressures, reporting a GAAP net loss of $33 million in Q3 2025 and $67 million for the first nine months of the year, indicating a challenging path to breakeven [6] - Future growth is expected to be driven by an expanding fleet, improved autonomy, and partnerships with companies like Uber Eats and DoorDash, aiming for increased revenue through urban adoption [7] Group 2: Teradyne - Teradyne is experiencing increased demand for AI-driven semiconductor and automation workloads, with Q3 2025 revenues rising 4.3% year-over-year, primarily due to strength in semiconductor testing [8][10] - The company is leveraging its scale and engineering capabilities to align with long-term technology transitions, positioning itself as a key player in advanced semiconductor production [9] - However, Teradyne's robotics revenues have been flat and declined year-over-year, reflecting challenges in industrial automation and variability in AI project timing [11] - Looking ahead, Teradyne anticipates that AI-related demand will continue to drive growth through 2026, supported by investments in differentiated test platforms [12] Group 3: Stock Performance & Valuation - Serve Robotics' share price performance has lagged behind Teradyne's over the past six months, with Serve currently trading at a premium on a forward price-to-sales ratio [13][14] - EPS estimates for Serve Robotics have widened to a projected loss of $1.83 per share for 2026, while Teradyne's estimates have declined to $5.09 per share, indicating expected earnings growth of 43.9% year-over-year [16][18] - The comparative analysis suggests that Serve Robotics offers a stronger growth outlook, while Teradyne presents a more established cash-generating model, leading to differing investment profiles [20]

Earnings per share (EPS) is expected to be $1.36, a 43.2% increase from the previous year.Projected revenue of approximately $970.5 million, a 28.7% rise year-over-year, driven by strong demand in AI and memory testing.Despite a high P/E ratio of 90.15 and intense competition, Teradyne shows strong financial health with a low debt-to-equity ratio of 0.03 and a current ratio of 1.76.Teradyne, Inc. (NASDAQ:TER) is a leading supplier of automation equipment for test and industrial applications, known for its s ...

Core Insights - Teradyne, Inc. and MultiLane have announced a joint venture named MultiLane Test Products (MLTP) to address the growing demand in the AI Data Center equipment market by developing test solutions for high-speed data connections [1][2] - The joint venture is expected to close in the first half of 2026, pending customary closing conditions [1] - Teradyne will hold the majority ownership in the joint venture, while MultiLane will retain minority ownership [2] Company Contributions - MultiLane will contribute all assets related to its test and measurement business to the joint venture, while continuing to operate its existing businesses in interconnects and data center test solutions [2] - The collaboration aims to leverage Teradyne's global market reach in electronics testing and MultiLane's expertise in high-speed instrumentation to provide comprehensive and agile test solutions [2] Market Context - The evolution of compute architectures is driven by rapid growth in AI and the need for reliable high-speed interconnects, positioning the joint venture to support customers from wafer level to data center [3] - The joint venture is expected to enhance the served market for Teradyne's Semiconductor Test and Product Test Groups, aligning with the increasing complexity and speed demands of next-generation AI and data center deployments [3][4] Strategic Goals - The partnership aims to accelerate innovation and expand access to comprehensive test solutions for the evolving AI and data center markets, ultimately delivering greater value to customers [4]

Core Viewpoint - Teradyne is expected to report strong fourth-quarter 2025 results driven by AI-related demand, with revenues projected between $920 million and $1 billion and non-GAAP earnings per share between $1.20 and $1.46 [1][9]. Financial Expectations - The Zacks Consensus Estimate for Teradyne's earnings is currently $1.36 per share, reflecting a 43.16% increase from the previous year [2]. - The consensus revenue estimate stands at $968.79 million, indicating a 28.68% year-over-year growth [2]. Performance Drivers - Strong AI-related demand in compute, networking, and memory segments is anticipated to boost Teradyne's fourth-quarter performance [4]. - Memory test sales in the third quarter of 2025 reached $128 million, more than doubling from the second quarter, with 75% from DRAM and 25% from flash memory [5]. - The Magnum 7H product, supporting HBM3E and HBM4, is expected to significantly contribute to AI-related memory applications [5]. - Increased demand for the UltraFLEXplus system, designed for high-performance processors and networking devices, is anticipated due to its advantages in handling complex AI devices [6]. - Robotics revenue is expected to show seasonal growth, focusing on expanding customer channels and leveraging AI-driven features [6]. Stock Performance - Teradyne shares have surged 132.2% over the past six months, significantly outperforming the broader Zacks Computer and Technology sector, which increased by 16.9% [7]. Competitive Landscape - Teradyne faces stiff competition from Advantest, KLA, and ABB, which are expanding their presence in the AI infrastructure space [13]. - Advantest's new M5241 Memory Handler is set to enhance AI and high-performance memory testing [14]. - KLA is experiencing growth in its advanced packaging portfolio, essential for AI applications, with expected revenue exceeding $925 million in 2025, a 70% year-over-year increase [15]. - ABB is strengthening its partnership with Applied Digital to enhance electrical infrastructure for AI workloads [17]. Valuation Concerns - Teradyne's current valuation is considered stretched, with a forward 12-month Price/Sales ratio of 10.41X, compared to the industry average of 6.98X [11].