Teradyne - TER STOCK NEWS

Energid Technologies and Schilling Robotics have partnered to integrate Energid's Actin software into Schilling's GEMINI™ ROV System. This next-gen remotely operated vehicle is designed for deep-water oil and gas interventions, boasting a 4,000-meter depth capability and 30 subsea tools. The Actin SDK enhances manipulators' performance, enabling complex tasks more efficiently. The collaboration aims to improve operational effectiveness while supporting continuous subsea operations for up to one month. Energid, acquired by Teradyne in 2018, remains focused on advanced robotics solutions for various industries.

Teradyne has elected Peter Herweck to its Board of Directors, effective November 9, 2020. Herweck, an Executive Vice President at Schneider Electric, brings extensive experience in industrial automation and global enterprise leadership. His insights are expected to enhance Teradyne's strategic positioning in advanced industrial automation. The appointment reflects the company's ongoing commitment to innovation and leadership in the automation sector. Teradyne recorded a revenue of $2.3 billion in 2019 and currently employs 5,500 people worldwide.

Teradyne reported a strong Q3 2020, with revenue of $819 million, marking a 41% increase year-over-year. GAAP EPS rose 61% to $1.21, while non-GAAP EPS increased 53% to $1.18. The Semiconductor Test segment contributed $592 million to total revenue, driven by record memory and storage test shipments. Guidance for Q4 2020 anticipates revenue between $680 million and $740 million, expecting 58% growth in GAAP EPS for the full year. Teradyne's solid performance reflects robust demand in test markets and industrial automation.

Teradyne, Inc. (NASDAQ: TER) will announce its third-quarter 2020 financial results on October 20, 2020, at 5:00 p.m. ET. A conference call to discuss these results and the company's outlook will take place the following day at 8:30 a.m. ET. Interested investors can access the webcast on Teradyne's investor relations page, with materials available at the call's start. The company reported revenues of $2.3 billion in 2019 and employs approximately 5,500 people worldwide.

On September 15, 2020, Teradyne announced significant senior management changes. Gregory Smith has been appointed President of the newly created Industrial Automation Group, while Richard Burns takes over as President of the Semiconductor Test Division, effective October 1, 2020. Smith's leadership is expected to benefit the expanding automation sector, while Burns is recognized for enhancing Teradyne's Semiconductor Test capabilities. Both leaders bring over 30 years of experience, aiming to strengthen Teradyne's market position and drive future growth.

Teradyne, Inc. (NASDAQ: TER) has announced a quarterly cash dividend of $0.10 per share, scheduled for payment on September 25, 2020, to shareholders recorded as of September 3, 2020. In 2019, the company generated $2.3 billion in revenue and employed 5,500 people worldwide, providing advanced test solutions and industrial automation offerings. The announcement also includes a Safe Harbor Statement regarding forward-looking statements related to future business conditions and dividend payments, which are subject to board approval.

Teradyne, Inc. (NASDAQ: TER) has announced that its TUGx Global Seminars will transition to a virtual format starting October 2020. Originally planned for over 25 locations worldwide, the seminars will consist of seven distinct virtual events. Each event will feature multiple days of presentations by Teradyne experts, focusing on test strategies, new instruments, and software capabilities for unique challenges. Established in 1983, the Teradyne Users Group aims to share best practices and enhance test methodologies among its customers.

Teradyne, Inc. reported Q2 2020 revenue of $839 million, reflecting a 49% increase year-over-year. GAAP EPS rose 91% to $1.05, while non-GAAP EPS surged 102% to $1.33. The Semiconductor Test segment generated $659 million, driven by strong demand for mobility-related testing. However, Industrial Automation revenue fell 21% due to global manufacturing weaknesses. For Q3 2020, revenue guidance is set between $745 million and $805 million.

Teradyne, Inc. (NASDAQ: TER) is set to release its financial results for Q2 2020 on July 21, 2020, at 5:00 p.m. ET. Following this, a conference call will be held on July 22 at 8:30 a.m. ET to discuss the results and management's outlook. Interested investors can access the live webcast and follow-up materials on Teradyne's Investor Relations website. In 2019, Teradyne generated $2.3 billion in revenue and employs around 5,500 people globally, focusing on innovative testing solutions and industrial automation technology.