Teradyne (TER +0.03%) stock is in the green today despite sell-offs for the broader market. The company's share price was up 3.3% as of 1 p.m. ET despite a 0.9% decline for both the S&P 500 and the Nasdaq Composite.
Teradyne published its second-quarter results after the market closed yesterday, postings sales and earnings that beat the market's expectations and issuing encouraging forward guidance. The stock had been up as much as 16.1% earlier in the day's trading, but it's given up most of its post-earnings gains as investors moved to take profits and bearish momentum for the broader market intensified.
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Teradyne delivered a blowout Q2 report
In the second quarter, Teradyne recorded non-GAAP (adjusted) earnings per share of $2.47 on revenue of $1.33 billion. The company's adjusted earnings per share beat the average analyst estimate by $0.42, and its sales for the period surpassed the average analyst forecast by roughly $110 million. Revenue rose roughly 104% year over year in the quarter thanks in large part to strong demand for memory chip solutions, and adjusted earnings per share soared compared to the per-share profit of $0.57 in last year's quarter.
TER Teradyne
NASDAQ · As of 4:00 PM ET 10/23/26
Teradyne's forward guidance also crushed expectations
As good as the company's Q2 beats were, the company's guidance for Q3 was even stronger compared to expectations. The company is targeting revenue between $1.2 billion and $1.3 billion in the current quarter, which significantly exceeded the average Wall Street analyst estimate's target for sales of roughly $1.03 billion. Meanwhile, guidance for adjusted earnings per share between $1.85 and $2.15 crushed the average forecast for adjusted per-share earnings of $1.44. The stock has given up some ground following its surge in today's session, but its Q2 results and forward guidance look very encouraging.
