Teradyne reported Q2 revenue of $1.33B, up 104% year-over-year, exceeding estimates by $110M amid strong AI chip testing demand.
Teradyne (TER) shares jumped 9% in pre-market trading after the company posted stronger-than-expected Q2 results. Revenue surged 104% year-over-year to $1.33B, surpassing street expectations by $110M, driven by robust demand for AI chip testing equipment.
The company’s growth outpaced prior-year performance, which saw revenue of $652M in Q2 2023. Analysts had anticipated revenue of $1.22B for the quarter. The surge reflects increased spending on semiconductor testing as AI adoption accelerates.
No immediate market reaction details were provided beyond the pre-market stock movement.