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.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TER:
- Teradyne options imply 7.6% move in share price post-earnings
- TER Upcoming Earnings Report: What to Expect?
- Early notable gainers among liquid option names on July 21st
- TER, META: Cathie Wood Continues to Bet Big on Robotics, Trims Stake in This Tech Stock
- Teradyne price target raised to $120 from $110 at UBS