On August 4, Teradyne rose 6.6% in regular trading, trading at $388.28/share, with turnover of $86.33 million. The rally was supported by a broad recovery in the semiconductor equipment sector alongside continued positive momentum from Q2 earnings.
Teradyne reported Q2 revenue of $1.33 billion, up 104% year-over-year and well above the consensus estimate of $1.22 billion. Adjusted EPS came in at $2.47, beating expectations of $2.09 by 18%. Net income surged to $374.5 million from $78.4 million a year earlier. The semiconductor test segment contributed $1.122 billion, driven by surging AI chip testing demand. Q3 guidance of $1.20-$1.30 billion in revenue and $1.85-$2.15 in adjusted EPS also topped Wall Street estimates.
Multiple investment banks raised price targets following the report: JPMorgan to $465, UBS to $500, and Cantor Fitzgerald to $550, all maintaining overweight or buy ratings. The stock had pulled back alongside sector weakness on August 3, but broader semiconductor equipment names rallied on August 4, with Lam Research up 5.19%, Applied Materials up 5.05%, and KLA up 4.71%, providing a favorable backdrop for the rebound.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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