Teradyne Reports Strong Q2 Results, Driven by AI Demand
Teradyne Inc. (NASDAQ:TER) reported second-quarter results that exceeded Wall Street expectations on Wednesday, leading to a rise in its stock price during premarket trading. The semiconductor testing equipment company posted adjusted earnings of $2.47 per share and revenue of $1.329 billion — both significantly above analyst estimates. This marked the firm's second consecutive record for revenue. The surge was driven by strong demand across Teradyne’s Semiconductor Test segment, particularly in AI-related applications such as wafer production and data centers. The company also noted a recovery in NAND final test activity and sustained DRAM demand, contributing to its best-ever memory revenue performance. CEO Greg Smith highlighted the robust near-term outlook for AI-driven growth. For the third quarter, Teradyne issued guidance that outperformed expectations, forecasting adjusted earnings between $1.85 and $2.15 per share with revenue expected in a range of $1.20 billion to $1.30 billion.
Tickers: $TER