On August 4, Teradyne rose 3.05% in pre-market trading, trading at $373.3/share, with turnover of $868,200. The stock is rebounding from the prior session's sector-driven pullback, supported by a broader recovery in semiconductor equipment names and continued positive momentum from its recent earnings beat.
Teradyne reported Q2 revenue of $1.33 billion, up 104% year-over-year and well above the $1.22 billion consensus estimate. Adjusted EPS came in at $2.47, beating the $2.09 estimate by 18%. The semiconductor test segment contributed $1.122 billion, driven by surging AI chip testing demand. Q3 guidance of $1.20-$1.30 billion in revenue and $1.85-$2.15 adjusted EPS also significantly exceeded Wall Street expectations. Following the results, JPMorgan, UBS, and Cantor Fitzgerald raised their price targets to $465, $500, and $550 respectively, reflecting strong institutional confidence in AI-driven growth sustainability.
Within the Semiconductor Equipment sector, stocks broadly recovered, with Applied Materials up 1.52%, KLA Corporation up 1.66%, Lam Research up 1.49%, ASML up 1.17%, and AXT Inc up 4.99%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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