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Jul 04, 2021
Teradyne Q2 2021 Earnings Report
Teradyne's Q2 2021 earnings were reported, with revenue increasing by 29% year-over-year and GAAP earnings per share growing by 68%.
Key Takeaways
Teradyne reported a strong second quarter in 2021, with revenue reaching $1.086 billion, a 29% increase compared to Q2 2020. GAAP EPS was $1.76, and non-GAAP EPS was $1.91. The company saw growth in both its Test and Industrial Automation segments.
Revenue for Q2 2021 was $1,086 million, up 29% from Q2 2020.
GAAP earnings per share for Q2 2021 grew 68% from Q2 2020.
Non-GAAP earnings per share for Q2 2021 increased by 44% from Q2 2020.
Test revenue increased by 27% year-over-year, driven by Semiconductor Test strength.
Teradyne
Teradyne
Teradyne Revenue by Segment
Revenue by Segment
Semiconductor Test Revenue
CapyFin.comRobotics Revenue
CapyFin.com Forward Guidance
Teradyne anticipates continued strong demand from both Test and Industrial Automation end markets. At the mid-point of Q3 2021 guidance, sales are expected to grow 12%, with GAAP and non-GAAP earnings per share growing 7% and 20%, respectively, from Q3 2020 levels.
Positive Outlook
- Revenue of $880 million to $960 million
- GAAP net income per diluted share between $1.17 and $1.41
- Excluding acquired intangible assets amortization of $0.03
- Excluding non-cash convertible debt interest of $0.02
- Convertible share adjustment of $0.08 to $0.09
Challenges Ahead
- Excluding acquired intangible assets amortization
- Excluding non-cash convertible debt interest
- Tax effect of non-GAAP adjustments
- Global pandemic of the novel strain of the coronavirus (COVID-19)
- The impact of U.S. Department of Commerce or other government agency regulations relating to Huawei and HiSilicon
Revenue & Expenses
Visualization of income flow from segment revenue to net income