- Along with beating Q2 estimates, Teradyne (NASDAQ:TER) is guiding for Q3 revenue of $450M-$480M and EPS of $0.35-$0.41, above a consensus of $455M and $0.36 at the midpoints.
- Q2 orders totaled $525M, -16% Y/Y (pressured by soft chip industry capex, as expected) but above revenue of $513M and yielding a 1.02 book-to-bill. Chip test equipment orders totaled $395M, wireless test $84M (the highest in 8 quarters), system test $45M, and industrial automation (Universal Robots) $5M.
- $82M was spent to buy back 4.1M shares. Teradyne ended Q2 with $753M in cash/investments, and no debt. Shares have risen to $19.85 AH.
- Q2 results, PR