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 reported a Q4 2020 revenue of $759 million, reflecting a 16% increase year-over-year. The full year revenue grew by 36% to $3.121 billion. GAAP EPS reached $1.05, up from $0.69 in Q4 2019, while Non-GAAP EPS rose to $1.10. The company announced a $2 billion share repurchase program, aiming to buy back at least $600 million worth of shares in 2021. Guidance for Q1 2021 suggests revenue between $720 million and $780 million, with GAAP EPS expected between $0.86 and $1.00.
Teradyne, Inc. (NASDAQ: TER) will announce its financial results for Q4 and the full year 2020 on January 27, 2021, at 5:00 PM ET. Following the financial release, a conference call discussing the results and business outlook will take place on January 28, 2021, at 8:30 AM ET. Interested investors can access the webcast via the company's investor relations website. A replay of the call will be available thereafter. In 2019, Teradyne reported revenues of $2.3 billion and employs approximately 5,500 people globally.
Teradyne (NASDAQ:TER) announced a successful partnership with AI chip company Syntiant Corp., enabling the shipment of millions of low-power Neural Decision Processors (NDPs) globally. Syntiant’s NDP100 and NDP101 chips, designed for battery-powered edge devices, leverage advanced AI capabilities while consuming minimal power. Utilizing Teradyne's UltraFLEX testing platform, Syntiant accelerated its production ramp, aiming for high efficiency and rapid market entry. The collaboration highlights Teradyne’s commitment to providing innovative testing solutions in the semiconductor industry.
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.
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