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Teradyne Earnings: Needs To Take Advantage Of The AI Hype More
Seeking Alpha· 2024-10-16 20:47
Teradyne, Inc. (NASDAQ: TER ) is about to report its Q3 earnings on the 23 rd of October, so I decided to go through the numbers and what I would like to see going forward. I am still MSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time. Analyst's Disclosure: I/we have no ...
Teradyne (TER) Is Considered a Good Investment by Brokers: Is That True?
ZACKS· 2024-10-11 14:35
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Teradyne (TER) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Teradyne currently has an average brokerag ...
泰瑞达:FY24Q2业绩点评及法说会纪要:AI驱动24Q2业绩超预期,汽车工业需求疲弱24Q3指引平淡
Huachuang Securities· 2024-07-30 11:31
Investment Rating - The report assigns a positive outlook for Teradyne, indicating that the company is expected to outperform the benchmark index by 10-20% in the next six months [124]. Core Insights - Teradyne's Q2 FY2024 results exceeded expectations, with revenue of $730 million, a year-over-year increase of 6.73% and a quarter-over-quarter increase of 21.67% [7][41]. - The company anticipates a modest revenue growth in FY2024, projecting a low single-digit percentage increase compared to the previous year, with a significant contribution from the second half of the year [40][59]. - The semiconductor testing market is expected to remain stable, with a projected market size of $3.6 to $4.2 billion for SOC testing in 2024 [30][58]. Summary by Sections Overall Performance - In Q2 FY2024, Teradyne achieved a gross margin of 58.3%, which is a slight decline of 0.5 percentage points year-over-year but an increase of 1.7 percentage points quarter-over-quarter [7][8]. - The net profit for the quarter was $186 million, reflecting a year-over-year increase of 55.16% and a quarter-over-quarter increase of 190.16% [7][8]. Performance by Product Segments - Semiconductor testing revenue reached $543 million, up 14% year-over-year and 31.8% quarter-over-quarter, driven by strong demand in computing and ADAS [26][29]. - System testing revenue was $61 million, down 36% year-over-year and 18.7% quarter-over-quarter, primarily due to weak demand in the SLT/mobile segment [26][29]. - Wireless testing revenue was $36 million, down 17% year-over-year but up 44% quarter-over-quarter, with growth in Wi-Fi 7 demand offset by declines in mobile and UWB [26][29]. - Industrial automation revenue was $90 million, up 26% year-over-year and 2.3% quarter-over-quarter, driven by a 29% increase in UR sales [26][29]. Market Outlook - The company expects Q3 FY2024 revenue to be between $680 million and $740 million, with a projected non-GAAP gross margin of 58.5% to 59.5% [40][58]. - The robot market is anticipated to grow by 10-20% in 2024, with Teradyne's robotics business expected to break even [40][58]. Financial Guidance - For FY2024, Teradyne expects to achieve a non-GAAP EPS between $0.66 and $0.86, with a full-year revenue growth forecast of low single digits [40][58]. - The company plans to continue investing in engineering and sales to strengthen its market position and expand its market share [46][47].
These Analysts Revise Their Forecasts On Teradyne Following Q2 Results
Benzinga· 2024-07-26 17:27
Core Viewpoint - Teradyne, Inc. reported better-than-expected second-quarter results but provided soft guidance for the third quarter [1]. Financial Performance - Teradyne's second-quarter earnings were 86 cents per share, exceeding the analyst consensus estimate of 77 cents per share [4]. - The company reported quarterly sales of $729.879 million, surpassing the analyst consensus estimate of $701.204 million [4]. Third-Quarter Guidance - For the third quarter, Teradyne expects revenue between $680 million and $740 million, compared to estimates of $717.66 million [2]. - The projected adjusted earnings for the third quarter are between 66 cents and 86 cents per share, against estimates of 86 cents per share [2]. Analyst Ratings and Price Targets - Susquehanna analyst Mehdi Hosseini maintained a Positive rating on Teradyne and raised the price target from $130 to $145 [3]. - Cantor Fitzgerald analyst C J Muse kept a Neutral rating while lowering the price target from $180 to $160 [3]. - Craig-Hallum analyst Christian Schwab downgraded the rating from Buy to Hold, maintaining a price target of $124 [3]. Market Reaction - Following the earnings report, Teradyne shares increased by 1.4%, trading at $126.11 [3]. Business Insights - CEO Greg Smith noted that AI applications have driven increased demand from compute and memory customers, and the robotics business has shown growth both sequentially and year-over-year [5]. - The company anticipates that the deployment of edge AI will bolster demand in its test and robotics sectors in the mid-term [5].
Teradyne (TER) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-07-25 21:00
Financial Performance - Teradyne reported $729 88 million in revenue for Q2 2024, a 6 6% YoY increase [1] - EPS for the quarter was $0 86, up from $0 79 in the same period last year [1] - The company delivered a revenue surprise of +3 30% compared to the Zacks Consensus Estimate of $706 55 million [6] - EPS surprise was +13 16%, with the consensus estimate being $0 76 [6] Segment Revenue Breakdown - Semiconductor Test revenue was $543 million, a 14 4% YoY increase, surpassing the $489 07 million estimate [5] - Industrial Automation (Robotics) revenue reached $90 million, a 25 6% YoY increase, but missed the $94 21 million estimate [5] - Wireless Test revenue was $36 million, a 17 9% YoY decline, slightly above the $33 52 million estimate [5] - Systems Test revenue was $61 million, a 35 3% YoY decline, below the $83 27 million estimate [5] Stock Performance and Analyst Outlook - Teradyne shares returned -2 3% over the past month, underperforming the Zacks S&P 500 composite's -0 3% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4] Key Metrics and Investor Focus - Revenue and earnings changes YoY, along with comparisons to Wall Street expectations, are critical for investors to assess stock price performance [2][3] - Key metrics monitored by Wall Street analysts provide a more accurate picture of the company's financial health [3]
Teradyne(TER) - 2024 Q2 - Earnings Call Transcript
2024-07-25 16:15
Teradyne, Inc. (NASDAQ:TER) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Traci Tsuchiguchi - Vice President of Investor Relations Greg Smith - President and Chief Executive Officer Sanjay Mehta - Vice President and Chief Financial Officer Conference Call Participants C.J. Muse - Cantor Fitzgerald Timothy Arcuri - UBS Mehdi Hosseini - SIG Vivek Arya - Bank of America Securities Krish Sankar - TD Cowen Toshiya Hari - Goldman Sachs Joseph Moore - Morgan Stanley Samik Chatterje ...
Teradyne(TER) - 2024 Q2 - Quarterly Results
2024-07-25 10:06
• Revenue of $730 million in Q2'24, up 7% from Q2'23 Guidance for the third quarter of 2024 is revenue of $680 million to $740 million, with GAAP net income of $0.62 to $0.82 per diluted share and non-GAAP net income of $0.66 to $0.86 per diluted share. Non-GAAP guidance excludes acquired intangible asset amortization and amortization on our investment in Technoprobe, as well as the related tax impact on non-GAAP adjustments. In addition to disclosing results that are determined in accordance with GAAP, Ter ...
Teradyne (TER) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2024-07-17 15:08
Wall Street expects a year-over-year decline in earnings on higher revenues when Teradyne (TER) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditi ...
Teradyne (TER) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-07-09 23:20
Analysts and investors alike will be keeping a close eye on the performance of Teradyne in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.76, marking a 3.8% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $703.04 million, indicating a 2.72% growth compared to the corresponding quarter of the prior year. Teradyne (TER) closed the most recent trading day at $153.48, moving -0.45% ...
Is Teradyne (TER) Stock Outpacing Its Computer and Technology Peers This Year?
ZACKS· 2024-07-09 14:41
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Teradyne (TER) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question. Teradyne is one of 617 companies in the Computer ...