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. designs, develops, and manufactures automated test equipment and advanced robotics systems. Its news commonly covers Semiconductor Test, Product Test, and Robotics results; automated test platforms for semiconductors, electronics products, silicon photonics, co-packaged optics, AI accelerators, data-center networking, and ADAS semiconductors; and advanced robotics brands Universal Robots and Mobile Industrial Robots for manufacturing and warehouse automation.
Company updates also include quarterly financial results, cash dividends, product introductions such as Photon 100, industry-event demonstrations, manufacturing partnerships, and intellectual-property actions involving robotics software and automation technology.
Teradyne (NASDAQ: TER) reported strong Q2 2024 results, with revenue of $730 million, up 7% from Q2'23. The company saw 14% YoY growth in Semiconductor Test, driven by strength in memory and SoC demand recovery. GAAP EPS reached $1.14, while non-GAAP EPS was $0.86. CEO Greg Smith highlighted the impact of AI applications on accelerated demand from compute and memory customers. The robotics business also showed growth both sequentially and year-over-year. For Q3 2024, Teradyne guides revenue between $680-$740 million, with GAAP EPS of $0.62-$0.82 and non-GAAP EPS of $0.66-$0.86.
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.
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.
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.
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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