On July 31, Teradyne rose 4.67% in regular trading, trading at 388.52 USD/share, with turnover of $72.73 million, extending post-earnings momentum.
On the news front, the company reported Q2 adjusted EPS of $2.47, significantly exceeding the consensus estimate of $2.09. Revenue reached $1.33 billion, up 104% year-over-year, surpassing the expected $1.22 billion. The semiconductor test segment contributed $1.122 billion, driven by AI chip testing demand. Net income surged to $374.5 million from $78.4 million a year earlier. Q3 guidance was equally strong, with revenue projected at $1.2-1.3 billion versus the Street estimate of $1.06 billion, and adjusted EPS midpoint of $2.00, well above the $1.44 consensus.
Multiple investment banks raised price targets: JPMorgan to $465, UBS to $500, and Cantor Fitzgerald to $550, all maintaining bullish ratings on AI-driven growth prospects. The broader semiconductor equipment sector rallied in tandem, with Lam Research up 5.91%, Applied Materials up 6.3%, and KLA Corporation up 3.75%, further boosting sentiment.
(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.)
Comments