Teradyne earnings jolt TER stock as AI-driven outlook clears Wall Street bar
Teradyne shares jumped in after-hours trading Monday, boosted by a first-quarter forecast that topped Wall Street’s estimates. The company cited strong demand linked to artificial intelligence as the key driver behind sales and profits beating forecasts. The chip-test equipment maker expects Q1 revenue between $1.15 billion and $1.25 billion, with non-GAAP earnings per share in the $1.89 to $2.25 range. Analysts had forecast $938.7 million in revenue and $1.29 EPS, according to TipRanks. For Q4, the company reported $1.083 billion in revenue and a non-GAAP EPS of $1.80. Shares closed at $249.53, then surged to $308 in after-hours trading.