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Jul 02, 2023
Teradyne Q2 2023 Earnings Report
Teradyne's revenue and earnings surpassed the midpoint of Q2 guidance, with revenue reaching $684 million.
Key Takeaways
Teradyne reported Q2 2023 revenue of $684 million, a 19% decrease compared to Q2 2022. GAAP EPS was $0.73, and non-GAAP EPS was $0.79. The company returned $152 million to shareholders through share repurchases and dividends.
Revenue and earnings exceeded the mid-point of Q2 guidance.
Q2 2023 revenue was $684 million, reflecting a 19% decrease compared to Q2 2022.
Shareholders received $152 million through share repurchases and dividends in Q2 2023.
Semiconductor test shipments offset weaker robotics demand, and profits exceeded plan due to higher gross margins.
Revenue by Segment
Forward Guidance
Teradyne anticipates Q3 2023 revenue between $650 million and $710 million, with GAAP net income per diluted share of $0.57 to $0.77, and non-GAAP net income per diluted share of $0.61 to $0.81.
Positive Outlook
- Test demand for DRR5 and HBM memory devices for data center applications remains strong.
- SOC test demand for automotive applications is incrementally stronger.
Challenges Ahead
- Order rates in robotics are expected to decline.
- Customers are navigating slowing global industrial activity.
- Customers are navigating macro-economic headwinds.
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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