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Dec 31, 2019
Teradyne Q4 2019 Earnings Report
Reported revenue growth driven by strong Semiconductor Test and LitePoint Wireless shipments.
Key Takeaways
Teradyne reported Q4 2019 revenue of $655 million, a 26% increase from Q4 2018. GAAP EPS was $0.75 and non-GAAP EPS was $0.88. The company's revenue exceeded the high end of guidance due to strong Semiconductor Test and LitePoint Wireless shipments.
Revenue of $655 million in Q4’19, growth of 26% from Q4’18
Strong Semiconductor Test and LitePoint Wireless shipments drove Q4 revenue above the high end of guidance
Industrial Automation revenue growth of 5% in Q4
Board authorized a $1 billion share repurchase program
Teradyne
Teradyne
Teradyne Revenue by Segment
Revenue by Segment
Semiconductor Test Revenue
CapyFin.com Forward Guidance
Teradyne anticipates Q1 2020 revenue between $670 million and $710 million, with GAAP net income per diluted share of $0.75 to $0.85 and non-GAAP net income per diluted share of $0.86 to $0.96.
Positive Outlook
- Revenue of $670 million to $710 million
- GAAP net income of $0.75 to $0.85 per diluted share
- Non-GAAP net income of $0.86 to $0.96 per diluted share
- Customer production ramps from several design wins using these new products
- Early test demand for smartphone related silicon and storage test capacity expansions.
Challenges Ahead
- Guidance excludes acquired intangible asset amortization
- Guidance excludes non-cash convertible debt interest
- Includes the related tax impact on non-GAAP adjustments
- Revenue profile to continue through the second quarter before tapering in the second half of the year.
- Business environment for Huawei is both fluid and uncertain