Teradyne Q2 2024 Earnings Report
Key Takeaways
Teradyne reported a strong second quarter in 2024, with revenue reaching $730 million, a 7% increase from Q2 2023. The company's performance was driven by accelerated demand from AI applications in both compute and memory sectors, along with sequential and year-over-year growth in the robotics business. GAAP EPS was $1.14, while non-GAAP EPS was $0.86.
Revenue of $730 million, up 7% from Q2 2023.
Semiconductor Test saw 14% YoY growth, driven by memory and SoC demand.
GAAP EPS was $1.14, and Non-GAAP EPS was $0.86.
AI applications drove demand from compute and memory customers.
Teradyne
Teradyne
Teradyne Revenue by Segment
Forward Guidance
Teradyne anticipates Q3 2024 revenue to be between $680 million and $740 million, with GAAP net income per diluted share between $0.62 and $0.82, and non-GAAP net income per diluted share between $0.66 and $0.86.
Positive Outlook
- Revenue guidance between $680 million and $740 million.
- GAAP net income per diluted share guidance between $0.62 and $0.82.
- Non-GAAP net income per diluted share guidance between $0.66 and $0.86.
Challenges Ahead
- Guidance excludes acquired intangible assets amortization.
- Guidance excludes equity method investment amortization.
- Guidance excludes Non-GAAP tax adjustments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income