By Nate Wolf
Shares of Teradyne rose sharply Tuesday after the maker of test systems for semiconductors and robotics smashed quarterly earnings expectations.
The company posted adjusted earnings of $1.80 a share for the fourth quarter, surpassing analysts' consensus forecast of $1.38, according to FactSet. Revenue totaled $1.08 billion -- the company's first billion-dollar quarter since 2021 -- above Wall Street's call for $977 million.
Teradyne stock jumped 20% in premarket trading Tuesday. Shares have soared 123% over the last 12 months, buoyed by test demand related to artificial intelligence.
Looking forward, Teradyne expects per-share income of $1.89 to $2.25 in the first quarter of 2026, smashing analysts' consensus estimate of $1.29. The company also forecast $1.15 billion to $1.25 billion in revenue for the quarter. Wall Street had estimated $939 million heading into the earnings print.
"Our Q4 results were above the high end of our guidance range, fueled by AI-related demand in compute, networking and memory within our Semi Test business," CEO Greg Smith said in a statement.
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
February 03, 2026 08:53 ET (13:53 GMT)
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