Overview
- Q3 revenue came in at $769 million with adjusted EPS of $0.85, topping consensus expectations.
- Management guided Q4 revenue to $920 million–$1.0 billion with adjusted EPS of $1.20–$1.46, implying about 25% sequential and 27% year-over-year sales growth.
- CEO Greg Smith cited strength in System-on-a-Chip solutions for AI applications and robust memory testing as key drivers, with recent wins tied to UltraFLEXplus and HBM4 programs.
- Shares jumped roughly 20%–23% in after-hours and premarket trading, with the stock setting a new all-time high as analysts raised estimates.
- Michelle Turner will become CFO on November 3 as Sanjay Mehta transitions to an advisory role ahead of a planned 2026 retirement.