Movement Alert|Teradyne Pre-Market Rise 3.53%, Q2 Earnings Beat Drives Continued Rally as Wall Street Raises Price Targets

Market Focus07-31 16:01

On July 31, Teradyne rose 3.53% in pre-market trading, trading at 379.24 USD/share, with turnover of 61.8万美元, extending its post-earnings momentum.

The rally follows the company's Q2 earnings report, which significantly exceeded market expectations. Adjusted EPS came in at $2.47, well above the consensus estimate of $2.09, while revenue reached $1.33 billion, up 104% year-over-year and surpassing the $1.22 billion estimate. The semiconductor test segment contributed $1.122 billion, driven by surging AI chip testing demand. Q3 guidance was equally strong, with revenue guided at $1.2-$1.3 billion versus the Street's $1.06 billion estimate, and adjusted EPS midpoint of $2.00, far exceeding analyst expectations of $1.44.

Multiple investment banks have raised their price targets in response: JPMorgan to $465, Cantor Fitzgerald to $550, and UBS to $500, all maintaining bullish ratings and citing sustained AI-driven growth prospects.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment