Teradyne Stock Price, News & Analysis

Teradyne (TER) reported strong Q3 2024 results with revenue reaching $737 million, up 5% from Q3'23, driven by strong AI-related demand. The company's Semiconductor Test segment generated $543 million, while System Test, Wireless Test, and Robotics contributed $73 million, $33 million, and $89 million respectively. GAAP EPS was $0.89, and Non-GAAP EPS reached $0.90. The company's Memory revenue hit record levels, boosted by High Bandwidth Memory demand for AI applications. For Q4 2024, Teradyne guides revenue between $710-760 million with GAAP EPS of $0.73-0.91 and non-GAAP EPS of $0.80-0.97.

LitePoint and Pegatron 5G have successfully collaborated to advance 5G technology, as demonstrated at the India Mobile Congress 2024. The showcase featured Pegatron's PR1450 Open Radio Unit (O-RU) device, utilizing LitePoint's IQFR1-RU O-RAN test system to exhibit advanced 2 Carrier Components (2CC) capability.

This innovation allows for the combination of two component carriers on the downlink, significantly enhancing data throughput and capacity for 5G services in high-demand areas. The demonstration highlighted both contiguous and non-contiguous downlink 2CC capability, marking a important milestone in 5G development.

The collaboration underscores the importance of partnerships in the wireless industry, with LitePoint's testing capabilities rigorously validating the PR1450's ability to meet 2CC requirements, particularly significant for North American CBRS deployments.

Universal Robots (UR) has unveiled the UR AI Accelerator, a hardware and software toolkit designed to enable AI-powered cobot applications. Key features include:

1. Integration with UR's PolyScope X software platform
2. Powered by NVIDIA Isaac™ libraries and AI models
3. Includes Orbbec Gemini 335Lg 3D camera
4. Enables features like pose estimation, object detection, and quality inspection

The toolkit aims to accelerate research, reduce time to market, and provide developers with flexibility in creating AI solutions. UR CEO Kim Povlsen emphasizes the toolkit's potential to push boundaries in AI cobot applications. The AI Accelerator is part of UR's broader strategy to make robotics more accessible through AI-powered products and capabilities.

Mobile Industrial Robots (MiR) has launched MiR Fleet Enterprise, a new scalable and secure fleet management software platform for autonomous mobile robots (AMRs). This innovative software is designed to optimize material handling workflows and boost productivity, solidifying MiR's position as a comprehensive solution provider for internal logistics.

Key features of MiR Fleet Enterprise include:

• Modularity and advanced features to evolve with customer needs
• Enhanced cybersecurity measures
• Seamless integration into existing IT infrastructures
• Transition to a publish-subscribe model for more efficient data exchanges

The launch comes as the AMR market is projected to reach over 2.7 million units globally by 2027, according to Interact Analysis. MiR Fleet Enterprise aims to meet the growing demand for scalable software solutions in enterprise-level customers seeking end-to-end solutions for complex material handling needs.

Universal Robots is set to expand its collaborative robotics (cobot) offerings at FABTECH 2024 in Orlando, showcasing advanced welding solutions for multi-axis, coordinated welding. New capabilities include extended reach, portability, and applications in laser restoration, finishing, and press brake tending.

UR’s new MotionPlus package enables dual-axis coordinated motion, allowing more complex welding tasks. Vectis Automation and THG Automation will demonstrate these new capabilities, including AI Path Optimization and multi-motion features. Hirebotics will leverage UR’s new PolyScope X platform for enhanced cobot welding functionalities.

New mobile cobot welders from Inrotech and Hyundai Welding will be introduced, targeting industries like shipbuilding and construction. Additional partner solutions include Mid Atlantic Machinery’s AutoTend for press brake integration and Cohesive Robotics’ Smart Finishing Workcell for automated surface finishing.

Teradyne (NASDAQ: TER) has announced it will release its third quarter 2024 financial results on Wednesday, October 23, 2024, at 5:00 p.m. Eastern Time (ET) or later. The company will host a conference call to discuss these results and provide a business outlook on Thursday, October 24, 2024, at 8:30 a.m. ET.

Investors can access the webcast at investors.teradyne.com/events-presentations, with presentation materials available at the start of the call. A replay of the event will be accessible on the Teradyne website at investors.teradyne.com.

LitePoint, a leading wireless test solutions provider, has announced Glenn Farris as its new Vice President of Worldwide Sales. Farris joins from Universal Instruments, where he held the position of Vice President of Global Equipment Sales. He also has prior experience in the semiconductor test business of LitePoint's parent company, Teradyne.

LitePoint President John Lukez expressed delight in welcoming Farris, highlighting the importance of bringing on a sales leader with deep market understanding as LitePoint continues to innovate in test solutions for critical wireless standards like Wi-Fi 7, 6G, and UWB. Farris brings both technological knowledge and customer empathy to the role.

Farris expressed excitement about joining LitePoint and returning to the Teradyne family, emphasizing his passion for customer-focused problem-solving and enthusiasm for being part of a team that shares these values.

Universal Robots, a Danish collaborative robot (cobot) company, has increased the payload capacity of its new-generation, high-payload cobots UR20 and UR30. The update raises the total payload, including end-effector, to 25 kg for UR20 and 35 kg for UR30 when used in top lift position. This enhancement is particularly beneficial for palletizing applications.

The increased payload capacity can be unlocked by updating UR's PolyScope software to version 5.19 or later, requiring no new purchases and allowing for quick production updates. Within 2024, shipped UR20s and UR30s will automatically include the necessary software. This upgrade enables customers to boost throughput and productivity at no additional cost, demonstrating Universal Robots' commitment to innovation and customer benefit.

Teradyne Robotics, a division of Teradyne, Inc. (NASDAQ:TER), and Siemens are collaborating on a robotics showcase at MxD in Chicago, highlighting advanced automation solutions. The partnership aims to demonstrate the future of industrial automation, featuring Teradyne's Universal Robots (UR) cobots and MiR autonomous mobile robots (AMRs).

Key aspects of the collaboration include:

• Displaying advanced robotics solutions like UR5e, UR20, UR30 cobots, and MiR 250 AMR
• Replicating real factory line setups across various industries
• Enhancing interoperability between UR cobots and Siemens' SIMATIC Automation systems
• Developing a VDA 5050 adapter for MiR robots to integrate with Siemens' SIMOVE platform
• Showcasing AI-enabled robotics for intra-logistics fulfillment