Teradyne Shares Fall on Forecast of Lower Q2 Revenue
Teradyne shares fell 8 percent after forecasting lower second-quarter revenue and profit. The outlook follows a strong first quarter driven by AI chip demand.
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TERADYNE INC expects second-quarter revenue between $1.15B and $1.25B, a sequential decline from the $1.28B reported in the first quarter. The forecast follows an 87% year-over-year revenue jump in Q1 fueled by demand for high-performance AI semiconductor testing. Investors sold off shares by 8% in extended trading as the chip-testing leader signals a cooling cycle despite its 83% year-to-date rally.
