Teradyne Beats Wall Street with Record Chip-Testing Revenue
Teradyne reports record $1.33B Q2 revenue, more than double last year, and beats estimates. Strong AI chip demand drives upbeat Q3 guidance.
Teradyne reports record $1.33B Q2 revenue, more than double last year, and beats estimates. Strong AI chip demand drives upbeat Q3 guidance.
Charter (CHTR), Cognizant (CTSH), Insmed (INSM), Verisk (VRSK) and Zscaler (ZS) will be removed from the Nasdaq-100 Index effective June 22, 2026.
JPMorgan upgraded Teradyne after a big drop, citing strong AI chip growth; stock seen undervalued with $400 target.
Teradyne had record sales from AI chip demand, but cautious outlook for next quarter sent shares down despite strong results.
Elon Musk announces Terafab, a $20-25B Tesla-SpaceX-xAI joint venture to build the world's largest chip fab in Austin, targeting 1 terawatt of AI compute yearly for robots, cars, and space.
Teradyne shares surge over 24% after forecasting Q1 revenue and profit above estimates, fueled by AI data center expansion and increased chip testing demand.