Teradyne Q4 2023 revenue down 8% YoY to $671M; Q1 guidance below Q4

TERADYNE, INC

2023-FY EPS reported $2.73 revenue$2,676,298,000

Q4 revenue $671M (-8% YoY); GAAP EPS $0.72 vs $1.04 YoY; Non-GAAP EPS $0.79 vs $0.92 YoY.
FY2023 revenue $2,676M (-15% YoY); GAAP EPS $2.73 vs $4.22; Non-GAAP EPS $2.93 vs $4.25.
Record Robotics revenue in Q4, up 50% QoQ and 17% YoY.
Q1 2024 guidance: revenue $540M-$590M, GAAP EPS $0.19-$0.35, Non-GAAP EPS $0.22-$0.38.
CEO expects low tester utilization in H1 2024, but full-year semiconductor test demand to improve.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TERADYNE, INC reported the fourth quarter ended December 31, 2023 results: revenue $671 million, net income $117 million, EPS $0.72 per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $671 million
Net income: $117 million
EPS: $0.72 per diluted share
Result: reported results

Exact text from the filing

reported revenue of $671 million for the fourth quarter of 2023 of which $431 million was in Semiconductor Test, $86 million in System Test, $25 million in Wireless Test and $129 million in Robotics. GAAP net income for the fourth quarter was $117 million or $0.72 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TERADYNE, INC reported the fiscal year ended December 31, 2023 results: revenue $2,676 million, EPS $2.73.

Period: the fiscal year ended December 31, 2023
Revenue: $2,676 million
EPS: $2.73
Result: reported results

Exact text from the filing

EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Teradyne Reports Fourth Quarter and Fiscal Year 2023 Results • Revenue of $671 million in Q4'23, down 8% from Q4'22 • Revenue of $2,676 million in FY 2023, down 15% from FY 2022 • Record Robotics revenue in Q4'23, up 50% from Q3'23 and 17% from Q4'22 Q4'23 Q4'22 Q3'23 FY 2023 FY 2022 Revenue (mil) $ 671 $ 732 $ 704 $

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TERADYNE, INC reported the first quarter of 2024 results: revenue $540 million to $590 million, net income $0.19 to $0.35 per diluted share, EPS $0.19 to $0.35 per diluted share. Guidance initiated.

Period: the first quarter of 2024
Revenue: $540 million to $590 million
Net income: $0.19 to $0.35 per diluted share
EPS: $0.19 to $0.35 per diluted share
Guidance: initiated
Result: guidance update

Exact text from the filing

Guidance for the first quarter of 2024 is revenue of $540 million to $590 million, with GAAP net income of $0.19 to $0.35 per diluted share and non-GAAP net income of $0.22 to $0.38 per diluted share.

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Source: SEC EDGAR

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