Teradyne forecasts sequential decline in quarterly revenue and profit, shares fall

Teradyne

28/04/2026 22:49

April 28 (Reuters) - Chip-testing equipment maker Teradyne TER.O on Tuesday forecast a sequential decline in second-quarter revenue and adjusted profit, sending its shares down more than 8% in extended trading.

The forecast comes as Teradyne's first-quarter revenue jumped 87% from a year earlier, driven by strong demand for its equipment used to test high-performance semiconductors for the artificial intelligence market.

Teradyne sees second-quarter revenue in the range of $1.15 billion to $1.25 billion, the midpoint of which is lower than its first-quarter revenue of $1.28 billion.

The company expects second-quarter adjusted earnings between $1.86 and $2.15 per diluted share, lower than the $2.56 per share posted for the first quarter.

Teradyne's core business is providing ATE to the world's largest chipmakers, making it highly sensitive to the cycles of the semiconductor industry. The company has a significant exposure to the smartphone market, with Apple  AAPL.O being a major customer.

Its shares have risen 83% so far this year.

Teradyne earlier this month announced the acquisition of TestInsight, which provides semiconductor test development, validation and conversion software.

(Reporting by Juby Babu in Mexico City; Editing by Jonathan Ananda)

((Juby.Babu@thomsonreuters.com;))