Welcome to our dedicated page for Teradyne news (Ticker: TER), a resource for investors and traders seeking the latest updates and insights on Teradyne stock.
Teradyne, Inc. (NASDAQ:TER) is a global leader in delivering advanced test solutions and industrial automation equipment. The company's core business focuses on providing state-of-the-art automated test equipment (ATE) for semiconductors, wireless products, data storage devices, and complex electronic systems. Teradyne's customers span across diverse sectors, including consumer electronics, communications, industrial applications, and government entities.
Semiconductor Testing: Teradyne is the world's largest supplier of semiconductor test equipment, catering to logic, RF, analog, power, mixed-signal, and memory technologies. This division supports vertically integrated, fabless, and foundry chipmakers, ensuring high-quality performance of semiconductor products.
System Testing: The System Test Group at Teradyne offers comprehensive testing solutions for hard disk drives, circuit boards, and complex electronic systems. This segment serves leading original equipment manufacturers (OEMs), electronics manufacturing services (EMS) suppliers, and data storage firms globally.
Wireless Testing: Teradyne's wireless test solutions are critical for ensuring the reliability of wireless devices, which are integral to modern communication systems.
Industrial Automation: Since entering the industrial automation market in 2015, Teradyne has expanded its portfolio to include collaborative robots, which are used by manufacturers to enhance productivity, improve quality, and increase operational efficiency. The company’s robotics offerings include collaborative and mobile robots under the brands Universal Robots and Mobile Industrial Robots (MiR).
Financial Performance: In 2023, Teradyne reported revenue of $2.7 billion and employs over 6,600 people worldwide. Recent financial highlights include Q4 2023 revenue of $671 million and a GAAP net income of $117 million.
Partnerships and Acquisitions: A strategic partnership with Technoprobe S.p.A. aims to accelerate growth in semiconductor test interfaces, highlighting Teradyne's commitment to innovation. This includes an equity investment of approximately $516 million in Technoprobe and the acquisition of Teradyne’s Device Interface Solutions (DIS) business for $85 million.
Key Achievements: Teradyne reached a significant milestone with the shipment of its 8,000th J750 semiconductor test platform, demonstrating its leading position in the semiconductor test industry.
Leadership and Innovation: Teradyne continues to drive advancements in AI and robotics, recently appointing James Davidson as Chief Artificial Intelligence Officer to enhance its AI capabilities.
For the latest updates and detailed financials, visit the Teradyne Investor Relations page.
MiR announces the MC600 mobile collaborative robot, integrating the MiR600 autonomous mobile robot with Universal Robots' UR20/UR30 cobot arms. The system can handle payloads up to 600 kg (1322 lbs) and is designed for tasks like palletizing, box handling, and machine tending. Building on the MC250's success, the MC600 features extended reach capabilities and operates through a unified software platform by Enabled Robotics. The global mobile cobots market is projected to grow 46% annually by 2030. The MC600 aims to improve productivity and workplace ergonomics while reducing worker strain in industrial environments.
Teradyne (NASDAQ:TER) has announced two significant shareholder returns initiatives. The company declared a quarterly cash dividend of $0.12 per share, scheduled for payment on December 18, 2024, to shareholders of record as of November 25, 2024. Additionally, Teradyne has expanded its share repurchase plans, committing to buy back up to an additional $100 million of common stock in 2024. This increase is part of their previously announced $2 billion share repurchase program and exceeds their initial plan to only offset dilution from equity compensation and employee share programs.
Teradyne (TER) reported strong Q3 2024 results with revenue reaching $737 million, up 5% from Q3'23, driven by strong AI-related demand. The company's Semiconductor Test segment generated $543 million, while System Test, Wireless Test, and Robotics contributed $73 million, $33 million, and $89 million respectively. GAAP EPS was $0.89, and Non-GAAP EPS reached $0.90. The company's Memory revenue hit record levels, boosted by High Bandwidth Memory demand for AI applications. For Q4 2024, Teradyne guides revenue between $710-760 million with GAAP EPS of $0.73-0.91 and non-GAAP EPS of $0.80-0.97.
LitePoint and Pegatron 5G have successfully collaborated to advance 5G technology, as demonstrated at the India Mobile Congress 2024. The showcase featured Pegatron's PR1450 Open Radio Unit (O-RU) device, utilizing LitePoint's IQFR1-RU O-RAN test system to exhibit advanced 2 Carrier Components (2CC) capability.
This innovation allows for the combination of two component carriers on the downlink, significantly enhancing data throughput and capacity for 5G services in high-demand areas. The demonstration highlighted both contiguous and non-contiguous downlink 2CC capability, marking a important milestone in 5G development.
The collaboration underscores the importance of partnerships in the wireless industry, with LitePoint's testing capabilities rigorously validating the PR1450's ability to meet 2CC requirements, particularly significant for North American CBRS deployments.
Universal Robots (UR) has unveiled the UR AI Accelerator, a hardware and software toolkit designed to enable AI-powered cobot applications. Key features include:
1. Integration with UR's PolyScope X software platform
2. Powered by NVIDIA Isaac™ libraries and AI models
3. Includes Orbbec Gemini 335Lg 3D camera
4. Enables features like pose estimation, object detection, and quality inspection
The toolkit aims to accelerate research, reduce time to market, and provide developers with flexibility in creating AI solutions. UR CEO Kim Povlsen emphasizes the toolkit's potential to push boundaries in AI cobot applications. The AI Accelerator is part of UR's broader strategy to make robotics more accessible through AI-powered products and capabilities.
Mobile Industrial Robots (MiR) has launched MiR Fleet Enterprise, a new scalable and secure fleet management software platform for autonomous mobile robots (AMRs). This innovative software is designed to optimize material handling workflows and boost productivity, solidifying MiR's position as a comprehensive solution provider for internal logistics.
Key features of MiR Fleet Enterprise include:
- Modularity and advanced features to evolve with customer needs
- Enhanced cybersecurity measures
- Seamless integration into existing IT infrastructures
- Transition to a publish-subscribe model for more efficient data exchanges
The launch comes as the AMR market is projected to reach over 2.7 million units globally by 2027, according to Interact Analysis. MiR Fleet Enterprise aims to meet the growing demand for scalable software solutions in enterprise-level customers seeking end-to-end solutions for complex material handling needs.
Universal Robots is set to expand its collaborative robotics (cobot) offerings at FABTECH 2024 in Orlando, showcasing advanced welding solutions for multi-axis, coordinated welding. New capabilities include extended reach, portability, and applications in laser restoration, finishing, and press brake tending.
UR’s new MotionPlus package enables dual-axis coordinated motion, allowing more complex welding tasks. Vectis Automation and THG Automation will demonstrate these new capabilities, including AI Path Optimization and multi-motion features. Hirebotics will leverage UR’s new PolyScope X platform for enhanced cobot welding functionalities.
New mobile cobot welders from Inrotech and Hyundai Welding will be introduced, targeting industries like shipbuilding and construction. Additional partner solutions include Mid Atlantic Machinery’s AutoTend for press brake integration and Cohesive Robotics’ Smart Finishing Workcell for automated surface finishing.
Teradyne (NASDAQ: TER) has announced it will release its third quarter 2024 financial results on Wednesday, October 23, 2024, at 5:00 p.m. Eastern Time (ET) or later. The company will host a conference call to discuss these results and provide a business outlook on Thursday, October 24, 2024, at 8:30 a.m. ET.
Investors can access the webcast at investors.teradyne.com/events-presentations, with presentation materials available at the start of the call. A replay of the event will be accessible on the Teradyne website at investors.teradyne.com.
LitePoint, a leading wireless test solutions provider, has announced Glenn Farris as its new Vice President of Worldwide Sales. Farris joins from Universal Instruments, where he held the position of Vice President of Global Equipment Sales. He also has prior experience in the semiconductor test business of LitePoint's parent company, Teradyne.
LitePoint President John Lukez expressed delight in welcoming Farris, highlighting the importance of bringing on a sales leader with deep market understanding as LitePoint continues to innovate in test solutions for critical wireless standards like Wi-Fi 7, 6G, and UWB. Farris brings both technological knowledge and customer empathy to the role.
Farris expressed excitement about joining LitePoint and returning to the Teradyne family, emphasizing his passion for customer-focused problem-solving and enthusiasm for being part of a team that shares these values.
Universal Robots, a Danish collaborative robot (cobot) company, has increased the payload capacity of its new-generation, high-payload cobots UR20 and UR30. The update raises the total payload, including end-effector, to 25 kg for UR20 and 35 kg for UR30 when used in top lift position. This enhancement is particularly beneficial for palletizing applications.
The increased payload capacity can be unlocked by updating UR's PolyScope software to version 5.19 or later, requiring no new purchases and allowing for quick production updates. Within 2024, shipped UR20s and UR30s will automatically include the necessary software. This upgrade enables customers to boost throughput and productivity at no additional cost, demonstrating Universal Robots' commitment to innovation and customer benefit.
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