Teradyne reported a strong first quarter with revenue of $704 million, a 43% increase from Q1 2019. The company's test revenue grew 50% year-over-year, while Industrial Automation revenue declined 9% due to global manufacturing weakness. The company has suspended its share repurchase program.
Revenue of $704 million in Q1 2020, growth of 43% from Q1 2019
Test revenue grew 50% from Q1 2019
Industrial Automation revenue declined 9% from Q1 2019 on global manufacturing weakness
Share repurchase program suspended as of April 1, 2020
Teradyne's guidance for the second quarter of 2020 is revenue of $690 million to $800 million, with GAAP net income of $0.76 to $1.05 per diluted share and non-GAAP net income of $0.86 to $1.16 per diluted share.
Visualization of income flow from segment revenue to net income