On August 3, Teradyne fell 3.37% in pre-market trading, trading at $356.0 per share, with turnover of $1.9252 million.
The semiconductor equipment sector broadly weakened in pre-market trading. Among sector peers, Applied Materials fell 2.49%, Lam Research fell 2.75%, ASML fell 0.98%, KLA Corporation fell 2.82%, and AXT Inc fell 6.1%. Industry reports indicate that delivery lead times for major semiconductor equipment suppliers have roughly doubled, with equipment that normally takes six months to deliver now requiring approximately one year, raising concerns about near-term supply chain disruptions across the sector.
Teradyne had previously surged following its Q2 earnings report, which showed revenue of $1.33 billion, up 104% year-over-year, and adjusted EPS of $2.47 versus the $2.09 consensus estimate. Multiple investment banks raised price targets, with Cantor Fitzgerald setting $550, UBS at $500, and JPMorgan at $465. The pre-market decline comes as the broader sector pulls back despite the company's strong AI-driven testing demand outlook.
(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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