Teradyne's 0.77% Gain Amid Mixed Earnings Drives $330M Volume, Ranking 313th

Teradyne (TER) rose 0.77% on August 28, with a trading volume of $0.33 billion, ranking 313th in the market. The stock’s performance follows mixed earnings results from its second-quarter 2025 report, where non-GAAP earnings of $0.57 per share exceeded estimates by 5.56% but declined 33.7% year-over-year. Revenue of $652 million, though above guidance, fell 10.7% year-over-year, driven by weaker Semiconductor Test platform sales and higher operating expenses.

Key segments showed divergent trends: Semiconductor Test platforms accounted for 75.5% of revenue, while Robotics and Product Test contributed 13%. Gross margins contracted to 57.3%, a 110-basis-point decline year-over-year, as selling and engineering expenses rose sharply. Teradyne also expanded its share repurchase program to $1 billion by 2026, signaling confidence in its capital structure despite margin pressures.

Analysts note a downward revision in earnings estimates since the report, with the consensus estimate dropping 14.66%. The stock holds a Zacks Rank #3 (Hold), suggesting in-line returns ahead. However, a weak Momentum Score and downward guidance for the third quarter highlight near-term risks. Teradyne’s balance sheet remains resilient, with $367.9 million in cash and cash equivalents, though liquidity has slightly declined from the previous quarter.

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