Teradyne(US:TER) 美股IPO·2025-10-30 10:26Core Viewpoint - Teradyne's Q3 2025 performance exceeded market expectations, driven by strong demand for AI-related testing solutions, particularly in semiconductor testing [2][3] Financial Performance - Q3 revenue reached $769.2 million, a 4% year-over-year increase, surpassing analyst expectations of $743.8 million by 3.4% [2] - Non-GAAP EPS was $0.85, exceeding market expectations of $0.79 by 7.9% [2] Business Drivers and Highlights - AI demand is the core engine of growth, with strong performance in SOC testing solutions and memory testing [3] - Semiconductor testing remains the primary revenue driver, contributing over 75% of total revenue, while product testing and robotics generated $88 million and $75 million, respectively [3] - Market confidence surged post-earnings report, with Teradyne's stock price rising over 16% in after-hours trading, reaching an all-time high [3] Q4 Guidance - Q4 revenue guidance is set between $920 million and $1 billion, indicating a 25% quarter-over-quarter and 27% year-over-year growth, significantly above analyst consensus of $815.7 million [4] - Q4 non-GAAP EPS guidance ranges from $1.20 to $1.46, also exceeding market expectations of $1.03 [4] Overall Summary - Teradyne's performance not only exceeded expectations but also highlighted the company's benefits from the AI industry trend, with strong Q4 guidance suggesting continued growth momentum in the coming quarters [5]