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Sep 29, 2024
Teradyne Q3 2024 Earnings Report
Teradyne's Q3 2024 revenue reached the high end of guidance, with earnings exceeding expectations, driven by strong AI-related demand and progress in robotics.
Key Takeaways
Teradyne reported Q3 2024 revenue of $737 million, a 5% increase year-over-year, driven by strong AI-related demand. GAAP EPS was $0.89, and non-GAAP EPS was $0.90. Semiconductor Test performed better than planned due to record Memory revenue from High Bandwidth Memory (HBM) and compute demand for AI applications. Robotics continued to execute its longer-term growth strategy.
Revenue reached $737 million, up 5% from Q3 2023.
GAAP EPS was $0.89, while Non-GAAP EPS reached $0.90.
Growth was driven by strong AI-related demand, particularly in Semiconductor Test.
Robotics is showing traction in recurring software and services revenue.
Forward Guidance
Teradyne anticipates Q4 2024 revenue between $710 million and $760 million, with GAAP net income per diluted share of $0.73 to $0.91 and non-GAAP net income per diluted share of $0.80 to $0.97.
Historical Earnings Impact
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