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Apr 04, 2021
Teradyne Q1 2021 Earnings Report
Reported an increase in revenue and earnings driven by growth in both Test and Industrial Automation businesses.
Key Takeaways
Teradyne reported Q1 2021 revenue of $782 million, an 11% increase compared to Q1 2020. GAAP EPS was $1.09, and non-GAAP EPS was $1.11. The company's growth was driven by strong demand in the Test and Industrial Automation sectors.
Revenue reached $782 million, up 11% year-over-year.
Test revenue increased by 9% compared to Q1 2020.
Industrial Automation revenue grew by 33% year-over-year.
GAAP EPS was $1.09, and non-GAAP EPS was $1.11.
Revenue by Segment
Forward Guidance
Teradyne expects Q2 2021 revenue to be between $1,010 million and $1,090 million, with GAAP net income per diluted share between $1.48 and $1.68 and non-GAAP net income per diluted share between $1.62 and $1.83.
Positive Outlook
- Revenue between $1,010 million and $1,090 million
- GAAP net income per diluted share between $1.48 and $1.68
- Non-GAAP net income per diluted share between $1.62 and $1.83
- Test demand at this point in the year is stronger than expected fueled by both continued device complexity increases and unit growth.
- Both the SOC and Memory test markets will likely exceed the top end of our market forecast resulting in higher sales and profits as reflected in our Q2 guidance.
Challenges Ahead
- Non-GAAP guidance excludes acquired intangible asset amortization
- Non-GAAP guidance excludes non-cash convertible debt interest
- Non-GAAP guidance includes the related tax impact on non-GAAP adjustments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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