Teradyne Q1 rev $600M beats high-end guidance; GAAP EPS $0.40, non-GAAP $0.51

TERADYNE, INC

2024-Q1 EPS reported $0.40 revenue$599,819,000

Revenue $600M (-3% YoY); Semiconductor Test $412M, System Test $75M, Wireless Test $25M, Robotics $88M.
CEO cites AI-driven memory and networking demand; mobility remains weak.
Q2 guidance: rev $665-725M, GAAP EPS $0.90-$1.10, non-GAAP $0.64-$0.84.
Anticipated sale of Design Interface Solutions business to Technoprobe S.p.A. noted in non-GAAP adjustments.

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 0.97

TERADYNE, INC reported the first quarter ended March 31, 2024 results: revenue $600 million, net income $64.2 million or $0.40 per diluted share, EPS $0.40 per diluted share.

Period: the first quarter ended March 31, 2024
Revenue: $600 million
Net income: $64.2 million or $0.40 per diluted share
EPS: $0.40 per diluted share
Result: reported results

Exact text from the filing

on Form 8-K. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Teradyne Reports First Quarter 2024 Results • Revenue and earnings above the high-end of Q1 guidance • Revenue of $600 million in Q1’24, down 3% from Q1’23 • Strong year-over-year growth in memory test offset by continued softness in mobility Q1'24 Q1'23 Q4'23 Revenue (mil) $ 600 $ 618 $ 671 GAAP EPS $

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Source: SEC EDGAR

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