On July 30, Teradyne rose 3.24% overnight, trading at $329.77/share, with turnover of $448,900. The stock continued its upward momentum following a blowout Q2 earnings report and robust Q3 guidance that far exceeded Wall Street consensus.

Teradyne reported Q2 adjusted EPS of $2.47, beating the analyst estimate of $2.09 by 18%. Revenue reached $1.33 billion, up 104% year-over-year, surpassing the expected $1.22 billion. The semiconductor test segment contributed $1.122 billion, driven by surging AI chip testing demand. Net income soared to $374.5 million from $78.4 million in the year-ago period.

Q3 guidance was equally impressive, with revenue projected at $1.2 billion to $1.3 billion versus the Street estimate of $1.06 billion, and adjusted EPS guidance of $1.85 to $2.15 (midpoint $2.00) well above the consensus of $1.44. Multiple investment banks have raised price targets, with Cantor Fitzgerald lifting to $550, UBS to $500, JPMorgan to $450, and Goldman Sachs to $465, reflecting strong institutional confidence in AI-driven growth sustainability.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)