NASDAQ$TER

Teradyne Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Teradyne's Q4 2022 earnings decreased compared to the previous year, but exceeded expectations due to increased shipments of Eagle products and stronger demand for UR cobots.

Teradyne reported Q4 2022 revenue of $732 million, a decrease of 17% compared to Q4 2021. GAAP EPS was $1.04, and non-GAAP EPS was $0.92. The results exceeded expectations due to increased shipments of Eagle products and stronger demand for UR cobots.

  • Q4 2022 revenue was $732 million, down 17% year-over-year.
  • GAAP EPS for Q4 2022 was $1.04, compared to $1.26 in Q4 2021.
  • Non-GAAP EPS for Q4 2022 was $0.92, compared to $1.37 in Q4 2021.
  • The company expects to repurchase up to $500 million in shares in 2023.

Headline financials

Total Revenue

$732M

Previous: $885M-17.3%
EPS (adj)

$0.92

Previous: $1.37-32.8%
Capital Expenditures

$34.6M

Previous: $29.3M+18.0%
Free Cash Flow

$149M

Previous: $302M-50.7%
Net Income

$172M

Previous: $230M-25.2%
Operating Income

$167M

Previous: $264M-37.0%
Gross Profit

$420M

Previous: $527M-20.2%
Cash & Equivalents

$855M

Previous: $1.12B-23.8%
Total Assets

$3.5B

Previous: $3.81B-8.1%
Stock-Based Comp

$10.8M

Previous: $11M-1.7%

Revenue & EPS history

Teradyne · Revenue · Quarterly

$732M

Q4 2022-17.3%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Teradyne · $591M total across 2 segments · Q4 2022

  • Semiconductor Test
    $481M-18.8%
  • Robotics
    $110M

Forward guidance

For the first quarter of 2023, Teradyne expects revenue between $550 million and $630 million, GAAP net income per diluted share between $0.26 and $0.49, and non-GAAP net income per diluted share between $0.28 and $0.52.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-0.2%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+4.8%

Avg return

30 days after

45%

31 / 69 earnings

Positive

+23.7%

Q2 2019

Best reaction

-19.6%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%+16.6%+22.3%
Q4 2025+8.2%+20.3%+22.5%
Q3 2025+20.7%+26.8%+26.0%
Q2 2025+0.0%+2.2%+13.5%
Q1 2025-2.5%-1.2%+5.4%
Q4 2024-5.7%-8.5%-10.0%
Q3 2024-11.7%-11.2%-13.7%
Q2 2024-18.3%-16.0%-10.7%
Q1 2024+9.1%+18.5%+44.2%
Q4 2023-8.9%-9.1%-2.3%
Q3 2023-7.1%-8.9%+1.0%
Q2 2023-5.6%-3.7%-11.5%
Q1 2023-4.2%-2.2%+9.9%
Q4 2022+0.6%-2.8%-2.3%
Q3 2022+6.2%+7.6%+21.4%
Q2 2022-2.2%+0.8%-3.8%
Q1 2022-5.6%-6.3%-6.8%
Q4 2021-19.6%-15.1%-13.2%
Q3 2021+4.9%+17.9%+28.6%
Q2 2021-4.2%-0.3%-8.1%
Q1 2021-0.8%-6.3%-2.1%
Q4 2020-13.1%-14.9%-6.9%
Q3 2020+6.2%+6.1%+22.8%
Q2 2020-0.3%-6.9%-1.1%
Q1 2020+0.5%-0.8%-1.2%
Q4 2019+6.5%-2.9%-7.8%
Q3 2019+1.1%+5.9%+2.9%
Q2 2019+23.7%+20.3%+14.5%
Q1 2019+7.0%+8.7%-5.7%
Q4 2018+13.3%+15.6%+29.7%
Q3 2018-6.4%+0.2%+10.9%
Q2 2018+5.5%+8.6%-1.1%
Q1 2018-14.2%-17.9%-4.8%
Q4 2017-7.5%-3.2%-8.3%
Q3 2017+7.2%+8.9%+11.3%
Q2 2017-4.8%-4.2%-4.3%
Q1 2017+8.3%+6.6%+6.0%
Q4 2016+3.9%+8.6%+9.1%
Q3 2016+4.1%+6.2%+14.7%
Q2 2016-3.2%-6.5%-0.3%
Q1 2016-7.3%
Q4 2015-4.2%
Q3 2015+8.5%
Q2 2015+3.4%
Q1 2015+9.6%
Q4 2014-1.4%
Q3 2014-0.1%
Q2 2014-8.7%
Q1 2014-5.9%
Q4 2013+2.6%
Q3 2013+0.5%
Q2 2013-6.0%
Q1 2013+8.1%
Q4 2012-5.1%
Q3 2012+1.9%
Q2 2012+0.2%
Q1 2012+0.8%
Q4 2011-2.8%
Q3 2011+1.7%
Q2 2011+5.5%
Q1 2010-2.2%
Q1 2011-0.2%
Q4 2008-0.1%
Q4 2010-0.1%
Q3 2009+1.0%
Q3 2010+1.0%
Q4 2009-2.7%
Q2 2009-2.7%
Q2 2010-2.7%

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