- Teradyne press release ( NASDAQ: TER ): Q2 Non-GAAP EPS of $1.21 beats by $0.07 .
- Revenue of $841M (-22.8% Y/Y) beats by $11.38M .
- GAAP EPS of 1.16
- Gross margin 60.2% vs. 59.6% last year.
- Automotive and memory test demand strong while mobility and compute related demand softening
- Q3 Guidance : Revenue of $760 million to $840 million (vs. consensus $891.53M), with GAAP net income of $0.86 to $1.12 per diluted share and non-GAAP net income of $0.90 to $1.16 per diluted share (vs. consensus $1.27)
- CEO Mark Jagiela. commented “We delivered sales and earnings above the mid-point of our second quarter guidance on strong test group shipments despite supply shortages and slowing industrial automation growth. As we enter Q3, we’re lowering our shipment plan to align with reduced mobility related test demand, slower industrial automation growth, and continued supply shortages.”
For further details see:
Teradyne Q2 above the mid-point of Q2 guidance