Teradyne Q3 2020 Earnings Report
Key Takeaways
Teradyne reported revenue of $819 million for Q3 2020, a 41% increase from Q3 2019. GAAP EPS was $1.21, up 61% from Q3 2019, and non-GAAP EPS was $1.18, up 53% from Q3 2019. The results were driven by record memory and storage test shipments along with strong System on a Chip (SOC) test demand.
Revenue of $819 million in Q3’20 grew 41% from Q3’19
Q3’20 GAAP earnings per share grew 61% and Non-GAAP earnings per share grew 53% from Q3’19
Test revenue grew 46% from Q3’19 on Memory, Storage, and System on a Chip (SOC) Test strength
Industrial Automation revenue was up sequentially and flat with Q3’19 on improving global manufacturing conditions and new products
Teradyne
Teradyne
Teradyne Revenue by Segment
Forward Guidance
Guidance for the fourth quarter of 2020 is revenue of $680 million to $740 million, with GAAP net income of $0.81 to $0.96 per diluted share and non-GAAP net income of $0.90 to $1.06 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income