Teradyne (TER) expected to report strong Q2 earnings driven by AI and robotics demand

From Nasdaq: 2024-07-22 10:26:00

Teradyne (TER) is set to announce its second-quarter 2024 results on Jul 24. Expectations are for revenues between $665 million and $725 million, with a consensus sales estimate of $703.04 million. Non-GAAP earnings are projected to be between 64 cents and 84 cents, with an earnings estimate of 76 cents.

Factors contributing to Teradyne’s performance include strong demand for AI applications in semiconductor testing and growth in the robotics segment. Continued strength in AI-driven demand, particularly in ADAS and compute sectors, is expected to drive performance. Expectations include a significant increase in the Total Addressable Market for memory tests due to strong demand for HBM.

Despite challenges like excess inventory impacting semiconductor growth, Teradyne anticipates sequential growth in the robotics business. The company’s robotics solutions, including UR and MiR, are positioned well for increased demand. The new AI-powered MiR1200 Pallet Jack exemplifies TER’s expansion in the robotic sector.

According to the Zacks model, Teradyne has a positive Earnings ESP of +5.26% and a Zacks Rank #1, increasing the odds of an earnings beat. Other companies worth considering with a potential for earnings beat include Arista Networks (ANET), Meta Platforms (META), and GoDaddy (GDDY).

In the renewable energy sector, demand for clean hydrogen energy is projected to reach $500 billion by 2030. Zacks Investment Research is offering a Special Report on three industrial giants poised to capitalize on this growth. Companies mentioned in the report include Teradyne (TER), Arista Networks (ANET), Meta Platforms (META), and GoDaddy (GDDY).



Read more at Nasdaq: Teradyne (TER) Set to Report Q2 Earnings: What’s in the Cards?