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Teradyne (TER)
:TER
Holding TER?
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.91Last Year’s EPS
0.79Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 10.68%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance and growth in key areas such as Semi Test and Compute, driven by AI demand. Robotics showed resilience against market challenges. However, there were notable weaknesses in Wireless and System Test segments, and concerns about future memory revenue moderation. Overall, the positive aspects outweigh the challenges.Company Guidance
In the Q3 2024 earnings call for Teradyne, the company provided guidance that reflected a robust performance in the semiconductor sector, particularly driven by strong demand in the Cloud AI, SOC, and memory test markets. The Semi Test business surpassed expectations, with memory revenue reaching record highs due to strong HBM demand. The SOC business benefited from networking and vertically integrated producers (VIPs) designing silicon for cloud and edge AI applications. For Q3, Teradyne reported sales of $737 million, slightly above the high end of their guidance, with non-GAAP EPS at $0.90 and gross margins at 59.7%. Looking ahead, Q4 sales are projected to be between $710 million and $760 million, with EPS expected to be between $0.80 and $0.97. The company revised its 2024 SOC TAM forecast for the compute market segment from $1.6 billion to $1.8 billion, indicating approximately 30% year-over-year growth. Additionally, the memory TAM expectation was increased to approximately $1.4 billion for 2024. Despite a challenging macro environment, Teradyne's Robotics segment showed resilience with 8% year-to-date growth. Overall, Teradyne anticipates a 5% company revenue growth for 2024, with strong AI trends expected to drive future growth across its businesses.Record Semi Test Revenue
The Semi Test business delivered record high revenue driven by strong HBM demand. The SOC and memory test markets performed above expectations due to Cloud AI demand.
Significant Growth in Compute Revenue
Compute revenue is expected to be nearly 4x what it was in 2023. The SOC TAM forecast for the compute market segment increased by $200 million from $1.6 billion to $1.8 billion in 2024, reflecting approximately 30% year-over-year growth.
Robotics Business Outperformance
Despite a flat quarter-on-quarter revenue, the Robotics business achieved 8% year-to-date growth, outperforming peers with year-over-year declines averaging more than 10%.
OEM Channel Growth in Robotics
OEM revenue at UR increased over 50% compared to 2023, driven by the development of the OEM solutions channel.
Financial Performance Exceeds Expectations
Third quarter sales were $737 million, at the high end of guidance, with non-GAAP EPS of $0.90, surpassing the high-end guidance of $0.86.
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TER Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TER Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $124.29 | $110.60 | -11.01% |
| Jul 24, 2024 | $143.24 | $124.08 | -13.38% |
| Apr 24, 2024 | $100.41 | $108.59 | +8.15% |
| Jan 30, 2024 | $104.16 | $96.19 | -7.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Teradyne (TER) report earnings?
Teradyne (TER) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Teradyne (TER) earnings time?
Teradyne (TER) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TER EPS forecast?
TER EPS forecast for the fiscal quarter 2024 (Q4) is 0.91.
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