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Teradyne President Ujjwal Kumar's Departure and Severance Details
Ujjwal Kumar's tenure as President of Teradyne Robotics ended on August 29, 2025. He will continue with the company until September 30, 2025, to transition his responsibilities. Kumar has entered into a separation agreement, which includes a cash severance of $1,130,000, equivalent to 12 months of his salary and bonus, payable in two installments, contingent upon compliance with certain restrictive covenants.
In addition to the severance, Kumar will receive a pro-rated annual cash bonus for 2025 based on performance, expected to be disbursed in early 2026. The details of the separation agreement will be further outlined in the company's upcoming Quarterly Report on Form 10-Q for the quarter ending September 28, 2025.
linkSep 02, 2025 16:30:17
Teradyne Reports Q2 2025 Financial Results and Guidance
Teradyne, Inc. reported revenue of $652 million for the second quarter of 2025, with notable contributions of $492 million from Semiconductor Test, $75 million from Robotics, and $85 million from Product Test. The company's GAAP net income for the quarter was $78.4 million, or $0.49 per diluted share, while non-GAAP net income was $91.6 million, or $0.57 per diluted share. The Semiconductor Test Group, particularly in System-on-a-Chip applications for artificial intelligence, was highlighted as a significant growth driver. Management noted improved visibility for the second half of the year, anticipating stronger demand in compute, networking, and memory sectors.
For the third quarter of 2025, Teradyne provided revenue guidance of $710 million to $770 million, with GAAP net income expected to be between $0.62 and $0.80 per diluted share, and non-GAAP net income projected between $0.69 and $0.87 per diluted share. The non-GAAP figures exclude certain charges related to acquired intangible assets and restructuring. A conference call to discuss these results and the business outlook is scheduled for July 30, 2025, with materials available on the company’s investor website.
linkJul 30, 2025 07:00:34
Teradyne Elects Two New Independent Directors to Board
Teradyne, Inc. has announced the election of two new independent directors, Drew Henry and Dr. Necip Sayiner, to its Board of Directors, effective July 1, 2025. This decision follows a multi-year refreshment process aimed at enhancing the Board's capabilities to align with the company's strategic priorities. With these appointments, the Board will expand from seven to nine directors, with a majority being independent members.
Drew Henry is currently the Executive Vice President of Strategy & Ecosystem at Arm Holdings and brings over 30 years of experience in the semiconductor and technology sectors. Dr. Necip Sayiner, former President and CEO of Intersil Corporation, has over 25 years of leadership experience in the industry. Their appointments are expected to provide valuable insights and expertise as Teradyne continues to pursue growth opportunities in its Semiconductor Test and Product Test businesses.
linkJun 26, 2025 16:15:37
Teradyne Reports Q1 2025 Revenue Growth and Share Buyback Program
For the second quarter of 2025, Teradyne has provided guidance for revenue in the range of $610 million to $680 million, with GAAP net income per diluted share expected between $0.35 and $0.58, and non-GAAP net income per diluted share projected to be between $0.41 and $0.64. The company noted that while visibility for the second half of the year is limited and trade policy impacts on market demand are uncertain, it is positioned to address long-term demand drivers in areas such as AI and electrification.
linkApr 29, 2025 07:30:23
Teradyne Announces Financial Analyst Day for March 2025
Teradyne, Inc. will host a Financial Analyst Day on March 11, 2025, at its headquarters in North Reading, Massachusetts. The event will include presentations from the leadership team discussing the company’s strategic imperatives, operating and growth strategy, and business outlook. Attendance is by invitation only due to limited capacity, but presentation slides and a live webcast will be available on the Investor Relations website.
Teradyne is known for its automated test solutions and advanced robotics systems, which assist customers in maintaining quality standards in semiconductor and electronics products. The company's robotics division includes collaborative and mobile robots designed for manufacturing and warehouse operations. Further information can be found on Teradyne's website.
linkFeb 25, 2025 17:07:25
Teradyne Reports Q4 2024 Revenue of $753 Million
Teradyne, Inc. reported a revenue of $753 million for the fourth quarter of 2024, marking a 12% increase from the same period last year. The growth was primarily fueled by strong demand in the Semiconductor Test segment, particularly related to AI and improved market conditions. The company also saw an increase in GAAP earnings per share, which rose to $0.90 from $0.72 in Q4 2023, indicating a positive trend in profitability.
Conversely, while Teradyne's revenue and earnings showed growth, there were notable challenges, such as a decline in cash and cash equivalents from $757 million a year ago to $553 million at the end of Q4 2024. Additionally, the company plans to realign its Robotics business, which may indicate existing operational inefficiencies. The overall financial outlook for the first quarter of 2025 suggests a decrease in revenue compared to Q4 2024, with guidance set between $660 million and $700 million.
linkJan 30, 2025 07:00:09
Teradyne Reports Strong Q3 2024 Financial Performance
Teradyne, Inc. announced a revenue of $737 million for the third quarter of 2024, marking a 5% increase compared to the same period last year. This growth was largely fueled by robust demand in the semiconductor testing sector, particularly for AI-related applications. The company's earnings also surpassed expectations, with a GAAP net income of $145.6 million, translating to $0.89 per diluted share, which is an improvement from $0.78 in Q3 2023. Additionally, the robotics segment showed promising progress, contributing to the overall positive outlook for Teradyne.
Despite the strong performance, there are some concerns as the earnings per share decreased from $1.14 in the previous quarter to $0.89 in Q3 2024. The company also provided a revenue guidance for the fourth quarter ranging between $710 million to $760 million, indicating potential fluctuations ahead. While Teradyne's management remains optimistic about future growth, particularly in the semiconductor and robotics sectors, the decline in quarterly earnings and the uncertain revenue forecast may raise some caution among investors.
linkOct 24, 2024 07:00:08
Teradyne Reports Strong Q2 2024 Earnings and Growth
Teradyne's Q2 2024 results exceeded expectations with $730 million in revenue, up 7% from last year. Semiconductor Test revenue grew by 14%, driven by demand recovery in memory and SoC. GAAP earnings per share rose to $1.14. The company anticipates continued growth in its robotics and AI sectors. However, the guidance for Q3 suggests a slight revenue range, indicating cautious optimism.
linkJul 25, 2024 06:06:04
Teradyne, Inc. Financial Statements Report
Teradyne, Inc. releases financial statements, signed by V.P., General Counsel, and Secretary, Ryan E. Driscoll on May 31, 2024.
linkMay 31, 2024 16:18:30
Teradyne Reports Strong Q1 Results and Positive Outlook for Q2
Teradyne Inc. reported Q1'24 revenue and earnings exceeding guidance, driven by memory test growth and robotics shipments, despite mobility sector weakness. Q2'24 revenue expected to be $665-725 million with positive outlook in memory and computing sectors. Non-GAAP net income for Q1 was $0.51 per diluted share. The company's advanced test solutions for various industries ensure product quality. Robotics offerings aim to enhance productivity and safety. Teradyne employs over 6,600 people globally and had $2.7 billion revenue in 2023.
linkApr 25, 2024 06:04:23