Coverage ended 2 updates · Last at 4:32pm ET

Live Coverage: Will Teradyne (TER) Pop After 2Q Earnings?

By Joel South · Updated Jul 29, 4:32pm ET · Published Jul 29, 3:30pm ET

Live Updates

Newest first

Reaction to Earnings

Post-Earnings Move: +2.03%

What Happened:

  • Q2 results showed bottoming in Semiconductor Test, with Industrial Automation stabilizing.

  • EPS came in stronger than feared and gross margins showed early signs of recovery.

Why the Stock Rose:

  • Q2 was widely expected to be the trough — and the tone of the call confirmed that.

  • Apple and mobile commentary was slightly better than expected, and AI-driven test demand was cited for H2/FY26 strength.

  • Positioning was light — stock had been down big YTD.

Tactical Take:

  • This is a classic “cycle bottom” setup — investors are starting to front-run the recovery.

  • TER now needs to deliver on AI and memory mix shift.

  • If gross margins continue to lift in Q3, this could be a multi-quarter catch-up trade.

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.

Live coverage has ended. The full story is below.

Full Coverage

The story so far

Teradyne (Nasdaq: TER | TER Price Prediction) 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.

Contact [email protected] for any questions or corrections.

Joel South

Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.

He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.

All articles →