Financial Results for Q3 2025 October 29, 2025 Safe Harbor 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 various ma ...

Core Insights - Teradyne Inc. experienced a significant stock price increase of 23.29% to $178.00 in premarket trading following the release of its third-quarter results [1] Financial Performance - The company reported third-quarter revenue of $769 million, an increase from $737 million in the same quarter last year and $652 million in the previous quarter [2] - Non-GAAP net income for the third quarter was $135.9 million, or 85 cents per diluted share, compared to 90 cents per share in the year-ago quarter [3] Segment Performance - Revenue breakdown by segment for the third quarter: - Semiconductor Test: $606 million - Product Test: $88 million - Robotics: $75 million [3] - The Semiconductor Test Group exceeded expectations, driven by System-on-a-Chip (SOC) solutions for AI applications and strong performance in memory [3] Future Guidance - Teradyne provided fourth-quarter revenue guidance of $920 million to $1 billion, with expectations of a 25% sequential increase and a 27% increase from Q4 2024 [4] - Projected non-GAAP net income for Q4 is estimated to be between $1.20 and $1.46 per diluted share [4] Management Changes - The company announced that Michelle Turner will become the chief financial officer effective November 3, succeeding Sanjay Mehta, who will transition to an executive advisor role before retiring in 2026 [5] Stock Performance - Teradyne shares have increased by 27.5% over the past year and 92.79% over the past six months, with a market capitalization of $22.97 billion [6] - The stock has a 52-week range of $65.77 to $150.71, and it is noted to have momentum in the 87th percentile according to Benzinga's Edge Stock Rankings [6]

Q2 2025 Financial Performance - Revenue for Q2 2025 was $652 million[4, 5, 10, 14, 18], exceeding the mid-point of guidance[10, 18] - Non-GAAP gross margin was 57.3%[4, 6, 12, 14], above the mid-point of guidance[8] - Non-GAAP EPS was $0.57[4, 7, 9, 10, 14, 18], also exceeding the mid-point of guidance[10, 18] - The company repurchased 1.5 million shares for $119 million, at an average price of approximately $80 per share[9] Business Unit Performance - Semiconductor Test sales were $492 million, down 12% year-over-year[9, 15] - Memory Test sales decreased 53% year-over-year[9, 15] - IST sales increased 98% year-over-year[12, 15] - Product Test sales were $85 million, up 7% year-over-year[9, 12, 15] - Robotics sales decreased 17% year-over-year but increased 9% quarter-over-quarter[9, 12, 15, 19] Q3 2025 Outlook - Revenue is expected to be between $710 million and $770 million[10, 17, 20] - Non-GAAP EPS is projected to range from $0.69 to $0.87[10, 17, 20] - The company anticipates a gross margin between 56.5% and 57.5%[12, 17, 21] - Operating expenses are expected to be between 36.5% and 38.5% of sales[12, 17, 21]