Teradyne, a supplier of semiconductor-testing equipment to chip designer Qualcomm and electronics giant Samsung, said it anticipates second-quarter revenue to range between $665 million and $725 million.
The surge in demand for memory and networking chips, fueled by a growing appetite for artificial intelligence (AI) applications among enterprises, is proving advantageous for suppliers of semiconductor-testing equipment like Teradyne.
Teradyne’s revenue for the first quarter of 2024 fell 3 percent to $600 million compared to the previous year. Teradyne’s net income in the first quarter was $82.5 million.
Teradyne has disclosed that it generated sales revenue of $412 million in Semiconductor Test, $75 million in System Test, $25 million in Wireless Test and $88 million in Robotics during the first-quarter.
Teradyne CEO Greg Smith in its earnings report attributed the strong performance in the first half of the year to the resilience in memory and computing sectors. In Robotics, Teradyne expects new products, new applications and improvement in global distribution channel to fuel growth through the balance of the year.
“Despite weakness in mobility, greater than expected memory and networking demand driven by Artificial Intelligence (AI) applications combined with Robotics shipments in-line with our expectations drove company revenue,” Greg Smith said.
TelecomLead.com News Desk
