Exhibit 99.1

Teradyne Reports Second Quarter 2019 Results



Q2’19 GAAP earnings per share grew 6% and Non-GAAP earnings per share grew 12% from Q2’18



Semiconductor Test revenue up 4% from Q2’18



Industrial Automation revenue up 20% from Q2’18


     Q2’19      Q2’18      Q1’19  

Revenue (mil)

   $ 564      $ 527      $ 494  


   $ 0.55      $ 0.52      $ 0.62  


   $ 0.66      $ 0.59      $ 0.54  


NORTH READING, Mass. – July 23, 2019 –

Teradyne, Inc. (NASDAQ: TER) reported revenue of $564 million for the second quarter of 2019 of which $375 million was in Semiconductor Test, $75 million in Industrial Automation, $73 million in System Test, and $41 million in Wireless Test. GAAP net income for the second quarter was $97.4 million or $0.55 per share. On a non-GAAP basis, Teradyne’s net income in the second quarter was $113.2 million, or $0.66 per diluted share, which excluded acquired intangible asset amortization, restructuring and other, non-cash convertible debt interest, discrete income tax adjustments, and included the related tax impact on non-GAAP adjustments.

“We exceeded our revenue and profit guidance for the second quarter on stronger than expected results in semiconductor test as continued growth in 5G infrastructure, networking, and memory test spending more than offset lower demand from automotive and industrial device makers,” said Teradyne President and CEO Mark Jagiela. “In Industrial Automation, our Universal Robots and MiR collaborative robots business grew 20% in the quarter, highlighting their compelling value even in a challenging global industrial investment environment.”

Guidance for the third quarter of 2019 is revenue of $540 million to $580 million, with GAAP net income of $0.53 to $0.63 per diluted share and non-GAAP net income of $0.64 to $0.74 per diluted share. Non-GAAP guidance excludes acquired intangible asset amortization, non-cash convertible debt interest, restructuring and other, and includes the related tax impact on non-GAAP adjustments.


A conference call to discuss the second quarter results, along with management’s business outlook, will follow at 10 a.m. ET, Wednesday, July 24. Interested investors should access the webcast at www.teradyne.com and click on “Investors” at least five minutes before the call begins. Presentation materials will be available starting at 10 a.m. ET. A replay will be available on the Teradyne website at www.teradyne.com/investors.

The following information was filed by Teradyne, Inc (TER) on Wednesday, July 24, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Teradyne, Inc's financial trajectory

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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Teradyne, Inc.


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