Movement Alert|Teradyne Rises 3.1% Overnight, Q2 Earnings Massively Beat Expectations as Multiple Banks Raise Price Targets

Market Focus07-31 09:03

On July 31, Teradyne rose 3.1% overnight, trading at $376.82/share, with turnover of $563,100, extending post-earnings momentum.

The company reported Q2 adjusted EPS of $2.47, far exceeding the consensus estimate of $2.09, representing a 333% year-over-year increase. Revenue reached $1.33 billion, up 104% from $651.8 million a year earlier, surpassing the $1.22 billion estimate. The semiconductor test segment contributed $1.122 billion, driven by surging AI chip testing demand. Net income reached $374.5 million versus $78.4 million in the prior-year period. 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 guidance of $1.85-$2.15, well above the $1.44 consensus.

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

(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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