The chart below shows how TER performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TER sees a +3.44% change in stock price 10 days leading up to the earnings, and a -2.61% change 10 days following the report. On the earnings day itself, the stock moves by -1.10%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Sales and EPS Performance: Third quarter sales were $737 million, which was at the high end of our guidance with non-GAAP EPS of $0.90, which was above our high-end guidance of $0.86.
Gross Margin Performance: Non-GAAP gross margins were 59.7%, this was above our high guidance due primarily to product mix.
Strong Q3 Financial Performance: We delivered third quarter financial results as the high end of our revenue guidance range and above the high end of our gross margin and earnings guidance ranges.
Record High Memory Revenue: Our memory business is at record high revenue in the third quarter on a strong HBM demand.
Cash and Marketable Securities: We ended the quarter with $678 million in cash and marketable securities.
Negative
Sales and EPS Performance: Third quarter sales were $737 million, which was at the high end of our guidance with non-GAAP EPS of $0.90, which was above our high-end guidance of $0.86.
Gross Margin Performance: Non-GAAP gross margins were 59.7%, this was above our high guidance due primarily to product mix.
Operating Expenses Increase: Non-GAAP operating expenses were $275 million, up sequentially and year-over-year, consistent with our guidance as we invest in targeted opportunities to drive long-term growth.
Non-GAAP Operating Profit: Non-GAAP operating profit was approximately 22%.
Cloud AI Revenue Growth: In Q3, Cloud AI drove Compute Revenue with notable strength in networking devices.
Teradyne, Inc. (TER) Q3 2024 Earnings Call Transcript
TER.O
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