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Teradyne

Teradyne (TER) Q1 2025 Earnings

Reported Apr 29, 2025 at 7:30 AM ET · SEC Source

Q1 25 EPS

$0.75

BEAT +20.97%

Est. $0.62

Q1 25 Revenue

$685.7M

BEAT +0.75%

Est. $680.5M

vs S&P Since Q1 25

+369.3%

BEATING MARKET

TER +404.9% vs S&P +35.6%

Market Reaction

Did TER Beat Earnings? Q1 2025 Results

Teradyne opened 2025 with a strong first quarter, posting earnings per share of $0.75 against a consensus estimate of $0.62, a beat of 21.83%, while revenue of $685.68 million edged past the $680.54 million consensus and grew 14.3% year over year. Th… Read more Teradyne opened 2025 with a strong first quarter, posting earnings per share of $0.75 against a consensus estimate of $0.62, a beat of 21.83%, while revenue of $685.68 million edged past the $680.54 million consensus and grew 14.3% year over year. The primary engine behind the results was Semiconductor Test, which contributed $543.00 million of the quarter's total revenue, with SOC testing for mobile applications identified as the strongest growth driver within that segment. GAAP gross margin expanded meaningfully to 60.6% from 56.6% a year earlier, reflecting improved operating leverage and a favorable revenue mix. The company also announced an aggressive expansion of its share repurchase program, lifting the 2025 target to up to $1.00 billion to be completed by end of 2026, having already bought back $157.47 million in Q1. Looking ahead, Teradyne guided Q2 revenue to a range of $610.00 million to $680.00 million, with non-GAAP EPS of $0.41 to $0.64, a wide range that reflects CEO Greg Smith's candid acknowledgment of limited second-half visibility amid evolving trade policy uncertainty.

Key Takeaways

  • • Strong year-over-year growth driven by Semiconductor Test
  • • System-on-a-Chip (SOC) for Mobile was the strongest growth driver
  • • GAAP gross margin expanded to 60.6% from 56.6% in Q1 2024
  • • Non-GAAP operating margin improved to 20.5% from 14.8% year-over-year
24/7 Wall St

TER YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

TER Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Teradyne delivered 14% year-over-year growth in the first quarter driven by strong results in Semiconductor Test. System-on-a-Chip (SOC), primarily for Mobile, was the strongest growth driver.”

— Greg Smith, Q1 2025 Earnings Press Release

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