Teradyne Q2 results beat on record memory sales; shares soar
TER•Analyst coverage and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
- The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"
- Wall Street's median 12-month price target for Teradyne Inc is $446.00, about 33.2% above its July 27 closing price of $334.77
- The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 44 three months ago
Q2 results beat on record memory sales
- Automated test equipment maker's Q2 revenue more than doubled yr/yr, beating analyst expectations
- Adjusted EPS for Q2 rose sharply and beat analyst expectations
- Company cites strong semiconductor test demand, especially in DRAM and NAND final test
- Shares of the company were up about 13.4% in extended trading
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $1.33 bln | $1.22 bln (15 Analysts) |
| Q2 Adjusted EPS | Beat | $2.47 | $2.09 (16 Analysts) |
| Q2 EPS | $2.38 | ||
| Q2 Adjusted Net Income | Beat | $389 mln | $322.39 mln (12 Analysts) |
| Q2 Net Income | $374.89 mln |
