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

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$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$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$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$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].