"The company beat expectations in Q2 with EPS of $0.57 vs. $0.54 est. and revenue of $651.8 million, driven by strength in AI compute system-on-chip (SOC) testing and better utilization across Semi Test lines. CEO Greg Smith said demand in AI compute "has strengthened and forecasts are materializing into orders," adding that Teradyne has turned the corner from mobile weakness to AI compute-led growth."
"Semi Test revenue reached $492 million, with SOC accounting for $397 million. Management expects AI compute and memory to represent "the majority of semi test revenue in the second half," supported by record UltraFLEXplus system demand and a newly secured HBM4 memory test win. Robotics also improved sequentially, up 9%, and is on track for its first major customer ramp in 2026."
Wall Street expects Q3 FY2025 EPS of $0.79 on $744 million in revenue, implying a modest -12% EPS contraction year-over-year before a major FY2026 recovery. Teradyne beat Q2 expectations with EPS of $0.57 and revenue of $651.8 million, driven by AI compute SOC testing and improved Semi Test utilization. Semi Test revenue reached $492 million, with SOC at $397 million. Management forecasts AI compute and memory to comprise the majority of Semi Test revenue in the second half, supported by record UltraFLEXplus demand and an HBM4 memory test win. Robotics rose 9% sequentially and targets a major customer ramp in 2026.
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