Teradyne Inc.
Teradyne Reports First Quarter 2024 Financial Results
Summary
Teradyne, Inc. reported financial results for the first quarter of 2024, showing revenue of $600 million, a 3% decrease from the previous year. Despite the decline, the company's performance exceeded the high end of its guidance, driven by strong demand in memory test, partially offset by continued softness in mobility. Non-GAAP net income was $82.5 million, or $0.51 per diluted share. The company also provided guidance for the second quarter of 2024, anticipating revenue between $665 million and $725 million, with non-GAAP net income per diluted share between $0.64 and $0.84.
Profitelligence Alerts
Get alerts for TER
Be first to know when Teradyne Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Teradyne Inc.
Teradyne Inc. is a leading technology company specializing in automatic test equipment and industrial automation solutions. Primarily, it designs, develops, and manufactures systems used to test semiconductors, wireless products, data storage devices, and complex electronics systems automotive applications utilize. Teradyne's key focus is on ensuring high-quality production, efficient testing, and improved yield for its clients, which include major semiconductor companies, electronics manufacturers, and automotive suppliers. By providing state-of-the-art testing systems, Teradyne supports industries to meet the increasing demand for reliable and high-performance products. Additionally, Teradyne is making significant strides in the industrial automation sector, providing collaborative and mobile robots to streamline manufacturing processes across various sectors, including consumer electronics, automotive, and industrial goods. This expansion into automation reflects its role in supporting the growing need for smart manufacturing solutions. Headquartered in North Reading, Massachusetts, Teradyne plays a crucial role in advancing production capabilities and technological innovation worldwide, contributing to the efficient operation of technology and manufacturing ecosystems.
Official SEC Documents
Advertisement