Semiconductor testing company Teradyne (NASDAQ: TER) will be reporting results tomorrow after market close. Here’s what to expect.
Teradyne beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $752.9 million, up 12.3% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EPS estimates but a miss of analysts’ adjusted operating income estimates.
Is Teradyne a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Teradyne’s revenue to grow 14% year on year to $683.9 million, a reversal from the 2.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.62 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Teradyne has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Teradyne’s peers in the semiconductors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lam Research delivered year-on-year revenue growth of 24.4%, beating analysts’ expectations by 1.7%, and Texas Instruments reported revenues up 11.1%, topping estimates by 4.1%. Lam Research traded up 6.3% following the results while Texas Instruments was also up 6.7%.
Read our full analysis of Lam Research’s results here and Texas Instruments’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the semiconductor stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. Teradyne is down 6.5% during the same time and is heading into earnings with an average analyst price target of $110.02 (compared to the current share price of $77.25).
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