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Teradyne, Inc. - TER STOCK NEWS

Welcome to our dedicated page for Teradyne news (Ticker: TER), a resource for investors and traders seeking the latest updates and insights on Teradyne stock.

Teradyne, Inc. (NASDAQ:TER) is a global leader in delivering advanced test solutions and industrial automation equipment. The company's core business focuses on providing state-of-the-art automated test equipment (ATE) for semiconductors, wireless products, data storage devices, and complex electronic systems. Teradyne's customers span across diverse sectors, including consumer electronics, communications, industrial applications, and government entities.

Semiconductor Testing: Teradyne is the world's largest supplier of semiconductor test equipment, catering to logic, RF, analog, power, mixed-signal, and memory technologies. This division supports vertically integrated, fabless, and foundry chipmakers, ensuring high-quality performance of semiconductor products.

System Testing: The System Test Group at Teradyne offers comprehensive testing solutions for hard disk drives, circuit boards, and complex electronic systems. This segment serves leading original equipment manufacturers (OEMs), electronics manufacturing services (EMS) suppliers, and data storage firms globally.

Wireless Testing: Teradyne's wireless test solutions are critical for ensuring the reliability of wireless devices, which are integral to modern communication systems.

Industrial Automation: Since entering the industrial automation market in 2015, Teradyne has expanded its portfolio to include collaborative robots, which are used by manufacturers to enhance productivity, improve quality, and increase operational efficiency. The company’s robotics offerings include collaborative and mobile robots under the brands Universal Robots and Mobile Industrial Robots (MiR).

Financial Performance: In 2023, Teradyne reported revenue of $2.7 billion and employs over 6,600 people worldwide. Recent financial highlights include Q4 2023 revenue of $671 million and a GAAP net income of $117 million.

Partnerships and Acquisitions: A strategic partnership with Technoprobe S.p.A. aims to accelerate growth in semiconductor test interfaces, highlighting Teradyne's commitment to innovation. This includes an equity investment of approximately $516 million in Technoprobe and the acquisition of Teradyne’s Device Interface Solutions (DIS) business for $85 million.

Key Achievements: Teradyne reached a significant milestone with the shipment of its 8,000th J750 semiconductor test platform, demonstrating its leading position in the semiconductor test industry.

Leadership and Innovation: Teradyne continues to drive advancements in AI and robotics, recently appointing James Davidson as Chief Artificial Intelligence Officer to enhance its AI capabilities.

For the latest updates and detailed financials, visit the Teradyne Investor Relations page.

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Teradyne will announce its Q2 2024 financial results on July 24, 2024, at 5:00 p.m. ET. Following the release, a conference call is scheduled for July 25, 2024, at 8:30 a.m. ET to discuss the results and management's outlook. Investors can access the webcast and presentation materials at investors.teradyne.com/events-presentations. A replay will also be available on the company's website.

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Teradyne Robotics has appointed James Davidson as the Chief Artificial Intelligence Officer, effective May 28, 2024. Davidson brings over 20 years of experience in AI and robotics, having held key roles at institutions like Google Brain/DeepMind and MITRE. His appointment aligns with Teradyne's mission to enhance manufacturing through innovative automation solutions. Previously, Davidson served as Chief Architect at Mobile Industrial Robots and contributed to AI projects including Google's AI-generated ads and healthcare fraud detection systems at MITRE.

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Teradyne, a leading supplier of automated test equipment, has shipped its 8,000th J750 semiconductor test platform, marking a significant milestone. The shipment was made to V-Test, a major OSAT vendor in China. The J750 system offers high-quality, cost-effective testing solutions for microcontroller units, wireless devices, and image sensors, among others. V-Test, which owns over 100 Teradyne SoC testers, commended the platform's reliability and scalability. This milestone underscores Teradyne's strong partnership with V-Test and its pivotal role in the semiconductor test industry.

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Teradyne, Inc. (NASDAQ: TER) has declared a quarterly cash dividend of $0.12 per share, to be paid on June 14, 2024, to shareholders of record as of May 22, 2024. This move indicates the company's commitment to returning value to its shareholders.

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Teradyne reported revenue of $600 million for Q1 2024, exceeding guidance, driven by strong growth in memory test despite softness in mobility. GAAP EPS was $0.40, and non-GAAP EPS was $0.51. CEO Greg Smith highlighted AI-driven demand and Robotics growth. Q2 2024 guidance projects revenue of $665-$725 million.
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Teradyne, a leading supplier of automated test solutions and robotics, has been honored as a 2024 VETS Indexes Recognized Employer for the second consecutive year. The award recognizes the company's commitment to recruiting, hiring, retaining, developing, and supporting veterans and the military-connected community.
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Teradyne, Inc. (TER) will announce its first-quarter 2024 financial results on April 24, 2024, followed by a conference call on April 25, 2024, to discuss the results and business outlook.
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Teradyne Robotics collaborates with NVIDIA to enhance robotics with AI capabilities, unveiling the MiR1200 Pallet Jack and UR's cuMotion path planner. The partnership aims to revolutionize automation applications, showcasing increased efficiency and precision in pallet handling and autonomous inspection.
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Teradyne, Inc. (TER) reported Q4'23 revenue of $671 million, down 8% from Q4'22, with FY 2023 revenue of $2,676 million, down 15% from FY 2022. However, Robotics revenue in Q4'23 was a record high, up 50% from Q3'23 and 17% from Q4'22. GAAP EPS was $0.72 and non-GAAP EPS was $0.79. The company's CEO, Greg Smith, mentioned strong demand for memory test systems and Robotics revenue growth offsetting SOC test system demand. The company expects low tester utilization to impact Q1'24, with projected revenue of $540-590 million. Non-GAAP results were also disclosed, excluding certain income items and charges.
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Teradyne, Inc. (TER) has announced a 9% increase in the quarterly cash dividend to $0.12 per share, payable on March 15, 2024, to shareholders of record as of the close of business on February 16, 2024.
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FAQ

What does Teradyne, Inc. do?

Teradyne provides automated test equipment for semiconductors, wireless products, and complex electronic systems, along with industrial automation solutions including collaborative and mobile robots.

Which sectors does Teradyne serve?

Teradyne serves consumer electronics, communications, industrial applications, and government sectors globally.

What are Teradyne's key products?

Key products include automated test equipment for semiconductors, system testing solutions for hard disk drives and electronic systems, wireless testing devices, and industrial automation robots.

How did Teradyne perform financially in 2023?

In 2023, Teradyne reported revenue of $2.7 billion and employed over 6,600 people worldwide.

What recent partnerships has Teradyne formed?

Teradyne formed a strategic partnership with Technoprobe S.p.A., involving a $516 million equity investment and the sale of its Device Interface Solutions business.

What is significant about Teradyne's J750 semiconductor test platform?

Teradyne's J750 test platform is renowned for its reliability and efficiency, with the company reaching a milestone of 8,000 units shipped.

Who are Teradyne's robotics subsidiaries?

Teradyne's robotics subsidiaries include Universal Robots and Mobile Industrial Robots (MiR).

Who is Teradyne's Chief Artificial Intelligence Officer?

James Davidson was appointed as Chief Artificial Intelligence Officer to enhance Teradyne's AI capabilities.

Where can I find Teradyne's latest financial updates?

Latest financial updates can be found on the Teradyne Investor Relations page at http://investors.teradyne.com/events-presentations.

How does Teradyne contribute to industrial automation?

Teradyne provides collaborative robots and mobile robots, helping manufacturers improve productivity, safety, and operational efficiency.

Teradyne, Inc.

Nasdaq:TER

TER Rankings

TER Stock Data

24.40B
156.11M
0.44%
108.49%
3.82%
Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals
Manufacturing
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United States of America
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