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Shares down .65% heading into earnings release
Teradyne stock is trending down slightly as the trading day wraps up and 3Q earnings coming shortly. Stay on this page as we send live updates of earnings how the stock trends after-hours.
Teradyne (Nasdaq: TER) will report Q2 2025 earnings Tuesday after the bell, with consensus pointing to the bottom of a multi-quarter downcycle. The stock is up ~35% YTD on AI enthusiasm and recovery positioning, but near-term demand from Apple and memory customers remains muted. Investors will look to the call for signs of test capacity ramps, automation order trends, and confidence in second-half acceleration.
Consensus Estimates:
– Revenue: $685 million
– EPS (Normalized): $0.42
– FY 2025 Revenue: $3.03 billion
– FY 2025 EPS: $2.51
That implies revenue contraction of ~11% YoY in Q2 and flat growth for FY25, with expectations skewed heavily toward a stronger H2 ramp .
Key Areas to Watch Tonight
- Semiconductor Test Demand Recovery- Semi Test drives >60% of Teradyne’s revenue base.
Management previously guided for Q2 to mark the bottom. Investors will seek updates on wafer capacity additions, AI-related test demand, and new design wins — especially in memory and HPC. - Apple & Mobile Test Cycle Timing- Apple alone represents >10% of annual revenue.
Last quarter, Teradyne hinted that a “delayed but intact” mobile cycle could support H2. This call will need to confirm order timing and mix, as Apple shifts to more advanced packaging nodes. - Industrial Automation Orders- IA is key to Teradyne’s long-term diversification narrative.
Automation orders declined sequentially in Q1. Analysts will look for early signs of rebound in cobot demand or EV-related installations. UR and MiR visibility remains limited. - Gross Margin Rebuild Path- Margins have been under pressure from mix and underutilization.
Gross margin fell below 55% in Q1. Investors want clarity on when volumes recover enough to return to the 58–60% long-term range.
What To Track
| KPI | Q1 FY25 | Q2 FY25E | Trend |
|---|---|---|---|
| Semi Test Revenue ($M) | $475M | $450–470M | ↓ slight |
| IA Revenue ($M) | $69M | $70–75M | → stable |
| Gross Margin (%) | 54.6% | ~55% est. |  slight |
What Changed Since Q2
-
Q2 confirmed as trough quarter; full-year guide unchanged.
-
No significant upside booked from Apple cycle yet.
-
Industrial automation weakness persisted; no rebound signaled in Q1 call.
-
Investors increasingly focused on AI/ML-driven test demand in H2 and FY26.
How Teradyne Stock Performed After Recent Earnings
| Quarter | EPS Surprise | 1-Day Move | 7-Day Move | 14-Day Move |
|---|---|---|---|---|
| Q1 FY25 | +4.5% | +2.4% | +4.1% | +5.0% |
| Q4 FY24 | +2.8% | +1.5% | +3.0% | +3.7% |
| Q3 FY24 | -1.1% | -0.8% | -2.0% | -1.5% |
| Q2 FY24 | +1.6% | +1.2% | +2.2% | +2.6% |
Teradyne has averaged a +1.8% stock move 7 days post-earnings over the past four quarters.
The post Live Coverage: Will Teradyne (TER) Pop After 2Q Earnings? appeared first on 24/7 Wall St..
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Author: Joel South
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