Teradyne Q1 revenue $755M, down 3% YoY; Q2 guidance $780M-$870M

TERADYNE, INC

2022-Q1 EPS reported $0.92 revenue$755,370,000

GAAP EPS $0.92, non-GAAP EPS $0.98; revenue beat the mid-point of prior guidance.
Semiconductor Test $482M, System Test $119M, Wireless Test $52M, Industrial Automation $103M (+29% YoY).
Q2 guidance: revenue $780M-$870M, GAAP EPS $0.96-$1.25, non-GAAP EPS $1.00-$1.29.
CEO cites improved test demand in automotive/Flash memory and strong IA demand, but supply constraints persist.
First-quarter net income $161.9M GAAP, $169.0M non-GAAP.

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