TER
Teradyne, Inc.192.29
-2.41-1.24%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
GPU details, H2 lumpiness unpacked
Q&A delivered granular 2025 SoC TAM breakdown—$7.2 billion, compute at $5 billion—and GPU test details: production qualification imminent, material H2 2026 revenue from single-digit share ramping to 30-70% balance. HDD revenue doubles via new customer; e-commerce robotics triples toward breakeven. Yet H2 visibility stays murky. Management expects 60% 2026 sales in H1, robust ATE TAM growth (20-40% range), but lumpiness persists amid capex efficiency in mobile. Tone confident on AI, cautious on timing—watch GPU wins, Robotics scale.
Key Stats
Market Cap
30.59BP/E (TTM)
69.92Basic EPS (TTM)
2.75Dividend Yield
0%Recent Filings
8-K
Robotics president exits
Teradyne's President of Teradyne Robotics, Ujjwal Kumar, ended his tenure on August 29, 2025, staying through September 30 for transition. He secured $1,130,000 cash severance—12 months' base and target bonus—in two installments, plus pro-rated 2025 bonus, tied to non-compete and non-solicit covenants. Leadership shift secured.
10-Q
Q2 FY2025 results
Teradyne's Q2 revenues fell 10.7% y/y to $651.8M while holding flat q/q, with Semiconductor Test down 12% from memory weakness yet up 4% YTD on AI compute gains; gross margin slipped to 57.2% from 58.3%. Operating income dropped to $90.7M from $210.4M, diluted EPS to $0.49 from $1.14 (reconciles to 160M shares), reflecting no repeat of last year's $57.5M DIS sale gain but steady $344M operating cash flow. Closed Quantifi Photonics May 2025 for $127.2M (cash), recognizing $83.1M goodwill and $43.6M intangibles (10-year life). Cash sits at $339M; $750M revolver undrawn. Robotics lost steam amid market headwinds.
8-K
Q2 revenue beats, AI lifts
8-K
Two new directors appointed
Teradyne appointed semiconductor veterans Drew Henry and Necip Sayiner as independent directors effective July 1, 2025, expanding its board from seven to nine amid a multi-year refresh. Henry joins Compensation and Nominating Committees; Sayiner takes Audit. Their expertise bolsters strategy in Semiconductor Test and diversification.
8-K
By-Laws amended, windows tightened
Teradyne amended its By-Laws effective June 20, 2025, tightening director nomination and shareholder proposal windows to 120-90 days before the 2026 annual meeting anniversary. Changes update procedures, clarify plurality voting in contests, and boost chairperson authority at meetings. Shareholders target January 9 to February 8, 2026, for 2026 submissions. Bylaws refine governance mechanics.
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