Semiconductor test equipment provider Teradyne Inc. (TER) boosted its revenue and profit expectations for the third quarter, citing improving conditions.
Teradyne President and CEO Mike Bradley said, "We continue to see improving demand within our Systems Test and Semiconductor Test businesses", adding, "Our supply chain is responding well to this step-up in demand in what remains a short lead time environment".
The company now expects to report a profit of 10 cents to 13 cents per share, excluding one-time items. Including items, the company expects to report results ranging between a net loss of $0.03/share to breakeven per share. Analysts are looking for a penny profit per share.
Previously, the company had expected to report results ranging from a net loss of 2 cents per share to net income of 2 cents per share, excluding items. Counting in items, the company expected to report a net loss of 9 to 13 cents per share.
Teradyne now expects revenue of $250 million to $260 million, higher than prior expectations for $190 million to $205 million. Analysts foresee revenue of $201.49 million.
In the fourth quarter, the company also plans to end temporary salary reductions implemented in 2008 and 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.