Teradyne(US:TER)2023-07-27 12:37Q2 2023 Financial Performance - Q2'23 sales reached $684 million[14, 19], a 12% decrease compared to Q2'22[9, 19] - Gross margin was 58.8%[14, 43], an increase from 57.7% in Q1'23[43] - Non-GAAP EPS was $0.79[14, 20], above the high end of guidance due to better gross margins[15] Segment Performance - Semiconductor Test sales were $475 million[23] - System Test sales were $94 million[23] - Wireless Test sales were $44 million[23] - Robotics sales were $72 million[23], down 29% compared to Q2'22[100] Market Outlook - 2023 SOC Test Market Forecast increased to $3.7 - $4.1 billion[97, 115], up $300 million from the April outlook[97, 115] - 2023 Memory Test Market Forecast remains at $0.9 - $1.0 billion[6, 104], but trending towards the lower end of the range[6, 104] - Expect Robotics full year revenue to be flat to down 10% in 2023[98, 104] Capital Allocation - The company repurchased 1.3 million shares for $136 million at an average price of $100.67 per share[20] - Since 2015, Teradyne has repurchased 76.6 million shares at an average price of approximately $48 per share[35]