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Oct 02, 2022
Teradyne Q3 2022 Earnings Report
Reported revenue and earnings above the mid-point of Q3 guidance.
Key Takeaways
Teradyne reported Q3 2022 revenue of $827 million, with GAAP EPS of $1.10 and non-GAAP EPS of $1.15. The results exceeded the mid-point of their July outlook due to easing supply line constraints, enabling greater than expected shipments.
Revenue and earnings were above the mid-point of Q3 guidance.
Test revenue decreased 14% compared to Q3 2021, but was stronger than July guidance due to improved supply chain performance.
Industrial Automation revenue decreased 2% in dollar terms but grew 7% in constant currency compared to Q3 2021.
The short-term outlook in semiconductor test is mixed, with strong automotive and industrial demand offset by muted compute and mobility demand.
Revenue by Segment
Forward Guidance
Teradyne anticipates Q4 2022 revenue between $670 million and $750 million, with GAAP net income per diluted share between $0.59 and $0.84, and non-GAAP net income per diluted share between $0.62 and $0.86.
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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