Teradyne reported Q2 2024 revenues of $729.9 million, up 6.6% year-over-year, driven by a 14.3% increase in Semiconductor Test and 26% growth in Robotics. Net income surged to $186.3 million, boosted by a $57.5 million gain from the sale of its Device Interface Solutions business to Technoprobe. The company's gross profit margin slightly decreased to 58.3% from 58.8% in Q2 2023.Semiconductor Test segment saw strong demand in compute, ADAS, and memory applications, while System Test and Wireless Test segments experienced declines. Robotics segment showed promising growth with higher demand for collaborative robotic arms and autonomous mobile robots. Teradyne's strategic partnership with Technoprobe, including a $524.1 million investment for a 10% stake, aims to accelerate growth and enhance semiconductor test interfaces.Looking ahead, Teradyne expects compute and memory applications to...Show More

Teradyne reported Q2 2024 revenues of $729.9 million, up 6.6% year-over-year, driven by a 14.3% increase in Semiconductor Test and 26% growth in Robotics. Net income surged to $186.3 million, boosted by a $57.5 million gain from the sale of its Device Interface Solutions business to Technoprobe. The company's gross profit margin slightly decreased to 58.3% from 58.8% in Q2 2023.Semiconductor Test segment saw strong demand in compute, ADAS, and memory applications, while System Test and Wireless Test segments experienced declines. Robotics segment showed promising growth with higher demand for collaborative robotic arms and autonomous mobile robots. Teradyne's strategic partnership with Technoprobe, including a $524.1 million investment for a 10% stake, aims to accelerate growth and enhance semiconductor test interfaces.Looking ahead, Teradyne expects compute and memory applications to drive meaningful demand in the second half of 2024, offsetting weakness in the mobility test market. The company anticipates an upturn in mobility in 2025 and projects full-year growth in Robotics due to new product offerings and channel expansions. Teradyne plans to continue its focus on profitably gaining market share in test businesses while balancing capital allocation between shareholder returns and strategic investments.