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.
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.
Teradyne Robotics, a division of Teradyne, Inc. (NASDAQ:TER), and Siemens are collaborating on a robotics showcase at MxD in Chicago, highlighting advanced automation solutions. The partnership aims to demonstrate the future of industrial automation, featuring Teradyne's Universal Robots (UR) cobots and MiR autonomous mobile robots (AMRs).
Key aspects of the collaboration include:
- Displaying advanced robotics solutions like UR5e, UR20, UR30 cobots, and MiR 250 AMR
- Replicating real factory line setups across various industries
- Enhancing interoperability between UR cobots and Siemens' SIMATIC Automation systems
- Developing a VDA 5050 adapter for MiR robots to integrate with Siemens' SIMOVE platform
- Showcasing AI-enabled robotics for intra-logistics fulfillment
Teradyne (NASDAQ:TER) has announced a quarterly cash dividend of $0.12 per share. The dividend is payable on September 27, 2024, to shareholders of record as of the close of business on September 5, 2024. This announcement demonstrates Teradyne's commitment to returning value to its shareholders through regular dividend payments.
LitePoint, Metanoia Communications, and Pegatron 5G jointly showcased advanced Open RAN solutions at the 2024 Open RAN Summit in Taipei. The collaboration highlighted LitePoint's IQFR1-RU testing platform integrated with Metanoia's Open-Radio-Unit (O-RU) chipsets embedded in Pegatron 5G's PR1450 series O-RU. LitePoint also demonstrated its IQfact5G automation tool for comprehensive 3GPP TS 38.141 testing.
The showcase emphasized seamless interoperability between these technologies, important for ensuring 5G network performance and reliability. This collaboration marks a significant milestone in advancing 5G technology and Open RAN adoption, setting a new benchmark for future 5G O-RAN solutions.
Teradyne (NASDAQ: TER) reported strong Q2 2024 results, with revenue of $730 million, up 7% from Q2'23. The company saw 14% YoY growth in Semiconductor Test, driven by strength in memory and SoC demand recovery. GAAP EPS reached $1.14, while non-GAAP EPS was $0.86. CEO Greg Smith highlighted the impact of AI applications on accelerated demand from compute and memory customers. The robotics business also showed growth both sequentially and year-over-year. For Q3 2024, Teradyne guides revenue between $680-$740 million, with GAAP EPS of $0.62-$0.82 and non-GAAP EPS of $0.66-$0.86.
Teradyne will announce its Q2 2024 financial results on July 24, 2024, at 5:00 p.m. ET. Following the release, a conference call is scheduled for July 25, 2024, at 8:30 a.m. ET to discuss the results and management's outlook. Investors can access the webcast and presentation materials at investors.teradyne.com/events-presentations. A replay will also be available on the company's website.
Teradyne Robotics has appointed James Davidson as the Chief Artificial Intelligence Officer, effective May 28, 2024. Davidson brings over 20 years of experience in AI and robotics, having held key roles at institutions like Google Brain/DeepMind and MITRE. His appointment aligns with Teradyne's mission to enhance manufacturing through innovative automation solutions. Previously, Davidson served as Chief Architect at Mobile Industrial Robots and contributed to AI projects including Google's AI-generated ads and healthcare fraud detection systems at MITRE.
Teradyne, a leading supplier of automated test equipment, has shipped its 8,000th J750 semiconductor test platform, marking a significant milestone. The shipment was made to V-Test, a major OSAT vendor in China. The J750 system offers high-quality, cost-effective testing solutions for microcontroller units, wireless devices, and image sensors, among others. V-Test, which owns over 100 Teradyne SoC testers, commended the platform's reliability and scalability. This milestone underscores Teradyne's strong partnership with V-Test and its pivotal role in the semiconductor test industry.
Teradyne, Inc. (NASDAQ: TER) has declared a quarterly cash dividend of $0.12 per share, to be paid on June 14, 2024, to shareholders of record as of May 22, 2024. This move indicates the company's commitment to returning value to its shareholders.
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