European Investor
30 Jan 2025, 15:16
Teradyne reported strong fourth-quarter 2024 results, with revenue reaching $753 million, up 12% from Q4 2023. The growth was driven by high demand in AI computing and memory, as well as improvements in the broader market. Semiconductor Test revenue contributed $561 million, while Robotics revenue was $98 million.
GAAP net income for Q4 2024 was $146.3 million, or $0.90 per diluted share, compared to $117.1 million in Q4 2023. Non-GAAP net income was $155.0 million, or $0.95 per diluted share, reflecting adjustments for intangible asset amortization, restructuring, and other charges.
For the full year 2024, Teradyne’s revenue was $2.82 billion, a 5% increase from $2.68 billion in 2023. Full-year GAAP EPS was $3.32, up from $2.73 in 2023, while non-GAAP EPS was $3.22, compared to $2.93 in the prior year.
CEO Greg Smith highlighted continued strength in AI-driven demand and projected revenue growth acceleration in 2025. The company also announced plans to realign its Robotics business to improve customer experience and operational efficiency.
Guidance for Q1 2025 anticipates revenue between $660 million and $700 million, with GAAP diluted EPS between $0.48 and $0.59, and non-GAAP diluted EPS between $0.58 and $0.68.
During the quarter, Teradyne completed the sale of its Device Interface Solution business to Technoprobe for $85 million and continued investments in AI and automation technologies. Despite ongoing macroeconomic uncertainties, the company remains optimistic about secular growth in AI, semiconductor testing, and robotics.
GAAP net income for Q4 2024 was $146.3 million, or $0.90 per diluted share, compared to $117.1 million in Q4 2023. Non-GAAP net income was $155.0 million, or $0.95 per diluted share, reflecting adjustments for intangible asset amortization, restructuring, and other charges.
For the full year 2024, Teradyne’s revenue was $2.82 billion, a 5% increase from $2.68 billion in 2023. Full-year GAAP EPS was $3.32, up from $2.73 in 2023, while non-GAAP EPS was $3.22, compared to $2.93 in the prior year.
CEO Greg Smith highlighted continued strength in AI-driven demand and projected revenue growth acceleration in 2025. The company also announced plans to realign its Robotics business to improve customer experience and operational efficiency.
Guidance for Q1 2025 anticipates revenue between $660 million and $700 million, with GAAP diluted EPS between $0.48 and $0.59, and non-GAAP diluted EPS between $0.58 and $0.68.
During the quarter, Teradyne completed the sale of its Device Interface Solution business to Technoprobe for $85 million and continued investments in AI and automation technologies. Despite ongoing macroeconomic uncertainties, the company remains optimistic about secular growth in AI, semiconductor testing, and robotics.
