On August 11, Teradyne rose 4.05% in regular trading, trading at 378.69 USD/share, with turnover of $107 million. The gain was driven by a broad rebound across the semiconductor equipment sector combined with continued support from the company's strong Q2 earnings report.
Teradyne previously reported Q2 revenue of $1.33 billion, representing 104% year-over-year growth and exceeding the consensus estimate of $1.22 billion. Adjusted EPS came in at $2.47, beating the $2.09 analyst estimate by 18%. AI chip testing demand was cited as the core growth driver. The company also guided Q3 revenue of $1.20-$1.30 billion and adjusted EPS of $1.85-$2.15, both well above Wall Street expectations.
The broader semiconductor equipment sector saw collective strength, with KLA Corporation up 3.81%, ASML up 3.67%, Lam Research up 1.96%, and Applied Materials up 1.77%. Analyst sentiment remains constructive, with JPMorgan raising its target to $465 and Cantor Fitzgerald lifting its target to $550, reinforcing confidence in AI-driven growth prospects.
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