Teradyne Projects $1.2B-$1.3B Revenue for Q3 as AI-Driven Demand Continues to Grow
Teradyne (NASDAQ:TER) has projected revenue of between $1.2 billion and $1.3 billion for the third quarter, driven by sustained demand from artificial intelligence applications. The company reported record second-quarter revenue exceeding $1.3 billion, a more than 100% increase year-over-year, with non-GAAP earnings per share (EPS) reaching $2.47—up over 300% compared to the same period last year. CEO Gregory Smith highlighted AI as the primary growth driver for Teradyne's performance in consecutive quarters. The strong results reflect continued investment and expansion within sectors benefiting from advanced computing technologies, particularly those supporting machine learning and data center infrastructure.
Tickers: $TER
Topics: AI non-GAAP_EPS revenue_growth