Teradyne, Inc. - TER STOCK NEWS

Teradyne, Inc. (NASDAQ:TER) announced the election of Ernest E. Maddock to its Board of Directors, effective November 14, 2022. Maddock, who was also appointed to the Audit Committee, brings over 35 years of experience in the technology sector, including a role as CFO at Micron Technology. His extensive background in semiconductors and advanced sensor technologies aligns with Teradyne's growth strategy, enhancing the company's leadership in industrial automation and innovative testing solutions.

Teradyne, Inc. (NASDAQ: TER) reported Q3 2022 revenue of $827 million, exceeding the mid-point of prior guidance. Revenue from Semiconductor Test was $576 million, while Industrial Automation saw a 2% decline year-over-year. GAAP net income was $183.5 million or $1.10 per diluted share. For Q4 2022, the company forecasts revenue between $670 million to $750 million and GAAP earnings between $0.59 to $0.84 per diluted share. The outlook reflects mixed demand in semiconductor testing, with automotive remaining strong, while industrial automation faces headwinds.

Teradyne, Inc. (NASDAQ: TER) will announce its third quarter 2022 financial results on October 25, 2022, at 5:00 p.m. ET. A conference call discussing these results and management's outlook will follow on October 26, 2022, at 8:30 a.m. ET. Interested investors can access the webcast through the company's investor relations site. The presentation materials will be available during the call. A replay of the call will also be provided on Teradyne's website.

Teradyne's companies, Mobile Industrial Robots (MiR) and AutoGuide Mobile Robots, have merged to form a single supplier of autonomous mobile robots (AMRs). This strategic move, effective September, aims to accelerate technology development in the rapidly growing automation sector. Under the leadership of Walter Vahey, the merged entity will expand its product offerings to include high payload AMRs, enhancing operational capabilities for customers. With over 7,000 AMRs sold globally, the new MiR will leverage a unified fleet management software to meet diverse customer needs across various sectors.

Teradyne, Inc. (NASDAQ:TER) announced the upcoming TUGx Global Seminars starting in October, featuring both in-person and virtual events across thirteen locations worldwide. These seminars will include presentations on innovative test strategies and software capabilities tailored to specific challenges. Originally established in 1983, the Teradyne Users Group has evolved, with the TUGx model launched in 2019 allowing broader participation. In 2021, seven virtual events attracted over 1,300 attendees. For registrations, visit teradyne.com/tugx.

Teradyne, Inc. (NASDAQ: TER) has announced a quarterly cash dividend of $0.11 per share, to be paid on September 23, 2022, to shareholders who are on record by the close of business on August 31, 2022. The company, which generated $3.7 billion in revenue in 2021, specializes in high-quality innovations including advanced test solutions and industrial automation products. The release highlights the ongoing commitment to returning value to shareholders through consistent dividend payments.

Teradyne reported Q2 2022 revenue of $841 million, exceeding the midpoint of guidance, with strong performance in System Test, Wireless Test, and Industrial Automation. Semiconductor Test revenues declined, aligning with forecasts. GAAP EPS was $1.16, while non-GAAP EPS stood at $1.21. The company anticipates Q3 2022 revenue between $760 million and $840 million. Challenges include reduced mobility-related demand and ongoing supply shortages. CEO Mark Jagiela acknowledged slowing growth in industrial automation while emphasizing solid demand in automotive and memory testing.

Teradyne, Inc. (NASDAQ: TER) is set to release its second-quarter 2022 financial results on July 26, 2022, at 5:00 p.m. ET. A conference call to discuss these results and the management's business outlook will take place on July 27, 2022, at 8:30 a.m. ET. Investors can access the webcast via the company's investor relations website. In 2021, Teradyne reported revenues of $3.7 billion and employed over 6,300 people globally, offering test solutions for various technologies and industrial automation products.

Teradyne, Inc. has appointed Greg Smith as President effective July 1, 2022. Smith, who has been with the company since 2006, previously served as President of the Semiconductor Test Division and more recently led the Industrial Automation Group. CEO Mark Jagiela praised Smith's leadership and technological insights, which have been crucial for Teradyne's growth. The company, known for its innovations in test solutions and industrial automation, reported $3.7 billion in revenue in 2021 and employs over 6,000 people worldwide.