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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.
Revenue by Segment
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)
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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