Overview
- Teradyne projected fourth-quarter revenue of $920 million to $1.0 billion and adjusted EPS of $1.20 to $1.46, both ahead of Wall Street estimates.
- Management said Q4 sales are set to rise 25% sequentially and 27% year over year, reflecting accelerating demand to test AI-related chips.
- The company reported Q3 revenue of $769.2 million and adjusted EPS of $0.85, topping expectations as Semiconductor Test led performance with strength in SOC and memory testing.
- Shares jumped more than 21% in extended trading after the report and were up about 23% pre-market on Wednesday.
- Sanjay Mehta will step down as CFO, remain as an executive advisor, and plans to retire in 2026 as Michelle Turner assumes the finance role.