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.
Teradyne (NASDAQ:TER) announced the retirement of Roy Vallee as Chairman of the Board, effective at the upcoming 2021 annual meeting of shareholders in May. Vallee has been a vital member of the Board for over 20 years, with the last six years as Chair. Teradyne's President and CEO, Mark Jagiela, praised Vallee's leadership and contributions to the company's growth during his tenure. The Board will select a new Chair after the annual meeting, marking a significant transition in leadership for the company.
NORTH READING, Mass., Nov. 09, 2020 - Teradyne announced a quarterly cash dividend of $0.10 per share, set for payment on December 18, 2020. Shareholders of record on November 25, 2020 will receive the dividend. In 2019, Teradyne reported $2.3 billion in revenue and employs approximately 5,500 staff worldwide.
The company specializes in test solutions for semiconductors and automation, enhancing product quality and efficiency across various sectors.
Energid Technologies and Schilling Robotics have partnered to integrate Energid's Actin software into Schilling's GEMINI™ ROV System. This next-gen remotely operated vehicle is designed for deep-water oil and gas interventions, boasting a 4,000-meter depth capability and 30 subsea tools. The Actin SDK enhances manipulators' performance, enabling complex tasks more efficiently. The collaboration aims to improve operational effectiveness while supporting continuous subsea operations for up to one month. Energid, acquired by Teradyne in 2018, remains focused on advanced robotics solutions for various industries.
Teradyne has elected Peter Herweck to its Board of Directors, effective November 9, 2020. Herweck, an Executive Vice President at Schneider Electric, brings extensive experience in industrial automation and global enterprise leadership. His insights are expected to enhance Teradyne's strategic positioning in advanced industrial automation. The appointment reflects the company's ongoing commitment to innovation and leadership in the automation sector. Teradyne recorded a revenue of $2.3 billion in 2019 and currently employs 5,500 people worldwide.
Teradyne reported a strong Q3 2020, with revenue of $819 million, marking a 41% increase year-over-year. GAAP EPS rose 61% to $1.21, while non-GAAP EPS increased 53% to $1.18. The Semiconductor Test segment contributed $592 million to total revenue, driven by record memory and storage test shipments. Guidance for Q4 2020 anticipates revenue between $680 million and $740 million, expecting 58% growth in GAAP EPS for the full year. Teradyne's solid performance reflects robust demand in test markets and industrial automation.
Teradyne, Inc. (NASDAQ: TER) will announce its third-quarter 2020 financial results on October 20, 2020, at 5:00 p.m. ET. A conference call to discuss these results and the company's outlook will take place the following day at 8:30 a.m. ET. Interested investors can access the webcast on Teradyne's investor relations page, with materials available at the call's start. The company reported revenues of $2.3 billion in 2019 and employs approximately 5,500 people worldwide.
On September 15, 2020, Teradyne announced significant senior management changes. Gregory Smith has been appointed President of the newly created Industrial Automation Group, while Richard Burns takes over as President of the Semiconductor Test Division, effective October 1, 2020. Smith's leadership is expected to benefit the expanding automation sector, while Burns is recognized for enhancing Teradyne's Semiconductor Test capabilities. Both leaders bring over 30 years of experience, aiming to strengthen Teradyne's market position and drive future growth.
Teradyne, Inc. (NASDAQ: TER) has announced a quarterly cash dividend of $0.10 per share, scheduled for payment on September 25, 2020, to shareholders recorded as of September 3, 2020. In 2019, the company generated $2.3 billion in revenue and employed 5,500 people worldwide, providing advanced test solutions and industrial automation offerings. The announcement also includes a Safe Harbor Statement regarding forward-looking statements related to future business conditions and dividend payments, which are subject to board approval.
Teradyne, Inc. (NASDAQ: TER) has announced that its TUGx Global Seminars will transition to a virtual format starting October 2020. Originally planned for over 25 locations worldwide, the seminars will consist of seven distinct virtual events. Each event will feature multiple days of presentations by Teradyne experts, focusing on test strategies, new instruments, and software capabilities for unique challenges. Established in 1983, the Teradyne Users Group aims to share best practices and enhance test methodologies among its customers.
Teradyne, Inc. reported Q2 2020 revenue of $839 million, reflecting a 49% increase year-over-year. GAAP EPS rose 91% to $1.05, while non-GAAP EPS surged 102% to $1.33. The Semiconductor Test segment generated $659 million, driven by strong demand for mobility-related testing. However, Industrial Automation revenue fell 21% due to global manufacturing weaknesses. For Q3 2020, revenue guidance is set between $745 million and $805 million.
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