Teradyne Stock Price, News & Analysis

Teradyne, Inc. reported Q1 2023 revenue of $618 million, marking an 18% decline from $755 million in Q1 2022. Despite the drop, the earnings per share (EPS) met the mid-point of guidance, with a GAAP EPS of $0.50 and non-GAAP EPS of $0.55. The company returned $110 million to shareholders via share repurchases and dividends during the quarter. The revenue breakdown included $415 million from Semiconductor Test, $75 million from System Test, $39 million from Wireless Test, and $89 million from Robotics. Looking ahead, Teradyne forecasts Q2 2023 revenue between $625 million and $685 million, amid varying demand across sectors, particularly in automotive and industrial semiconductor tests. A conference call is scheduled for April 27, 2023, to discuss the results.

Teradyne, Inc. (NASDAQ: TER) has announced that it will release its financial results for the first quarter of 2023 on April 26, 2023, at 5:00 p.m. Eastern Time. This update corrects a previous mention of the fourth quarter results. A conference call to discuss these results alongside management's business outlook is scheduled for April 27, 2023, at 8:30 a.m. ET.

Interested investors can access the webcast at least five minutes before the call begins. Replay options will be available on the Teradyne website post-event. In 2022, Teradyne reported a revenue of $3.2 billion and currently employs over 6,600 individuals globally, delivering advanced test solutions across various industries.

Teradyne, Inc. (NASDAQ: TER) plans to release its first quarter 2023 financial results on April 26, 2023, at 5:00 p.m. ET. A subsequent conference call will take place on April 27, 2023, at 8:30 a.m. ET, where management will discuss quarterly results and provide a business outlook.

Investors can access the live webcast through the company's investor relations website. Presentation materials will be available at the same time. A replay of the call will also be accessible on Teradyne's website shortly after the event concludes.

In 2022, Teradyne reported revenues of $3.2 billion and employs over 6,600 people worldwide, focusing on advanced test technologies and robotics that enhance manufacturing efficiency.

Crane Holdings, Co. (NYSE: CR) is set to become an independent company named Crane NXT on April 3, 2023, following a successful separation transaction. The company appointed Paul G. Igoe as Senior Vice President, General Counsel, and Secretary, effective March 20, 2023. Igoe, previously with SS&C Technologies and Teradyne, brings extensive experience in the industrial technology sector. Crane NXT will focus on growth strategies in security and authentication technologies. Shareholders will retain 100% equity in both the new Crane NXT and the remaining Crane Company post-separation.

Universal Robots reported Q4 2022 revenue of USD 85 million, leading to an annual total of USD 326 million—a 5% increase from 2021. Constant currency growth was at 12%. Despite challenges from a difficult macroeconomic environment and exchange rate fluctuations, the company has achieved its highest annual revenue to date. The demand for automation is expected to grow, prompting the company to invest in areas like welding and palletizing. Universal Robots launched the new UR20 collaborative robot, further expanding its market presence.

Teradyne reported Q4 2022 revenue of $732 million, a 17% decline from Q4 2021, while FY 2022 revenue of $3,155 million fell 15% year-over-year. Q4 2022 GAAP EPS was $1.04 and non-GAAP EPS was $0.92. Test revenue decreased 17% in FY 2022, although Industrial Automation revenue increased by 7% in dollar terms. The company anticipates share repurchases of $500 million in 2023 and expects Q1 2023 revenue between $550 million and $630 million. Despite expected near-term demand declines in Semiconductor and Storage Test markets, long-term demand drivers remain intact. A quarterly dividend of $0.11 per share is scheduled for March 17, 2023.