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Oct 01, 2023
Teradyne Q3 2023 Earnings Report
Teradyne's Q3 2023 results showed revenue and earnings above the mid-point of Q3 guidance.
Key Takeaways
Teradyne reported Q3 2023 revenue of $704 million, with GAAP EPS of $0.78 and non-GAAP EPS of $0.80. The results were driven by greater than planned Robotics shipments and sequential growth in Semiconductor Test. The company expects test demand to be focused on technology investments with limited capacity expansion purchases in Q4 and anticipates delivering second half results in-line with its July outlook in Robotics.
Revenue of $704 million in Q3’23, down 15% from Q3’22
Robotics demand stabilized, Q3'23 revenue down 4% from Q3'22, up 20% from Q2'23
Returned $136 million to shareholders in share repurchases and dividends in Q3’23
Greater than planned Robotics shipments and sequential growth in Semiconductor Test combined to drive sales and profits to the high end of Q3 guidance range
Revenue by Segment
Forward Guidance
Guidance for the fourth quarter of 2023 is revenue of $640 million to $700 million, with GAAP net income of $0.58 to $0.78 per diluted share and non-GAAP net income of $0.61 to $0.81 per diluted share.
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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