Teradyne reports Q2 non-GAAP EPS 57c, consensus 54c

Reports Q2 revenue $652M, consensus $651.79M. “Our Semiconductor Test Group drove better than expected results in the second quarter. System-on-a-Chip, primarily for artificial intelligence applications, was the strongest growth driver,” said Teradyne (TER) CEO, Greg Smith. “Visibility into the remainder of the year has improved, and demand in compute, networking and memory is strengthening. The exact timing of program ramps and capacity adds remain uncertain, but we believe that AI will drive strong second half performance for Teradyne.”