On August 12, Teradyne rose 4.65% in regular trading, trading at $399.4/share, with turnover of $73.29 million. The stock advanced alongside a broad rally in the semiconductor equipment sector, supported by the continued tailwind from its strong Q2 earnings report.

Teradyne previously reported Q2 revenue of $1.33 billion, up 104% year-over-year and well above the consensus estimate of $1.22 billion. Adjusted EPS came in at $2.47, beating the $2.09 estimate by over 18%. AI chip testing demand was cited as the core growth driver. Q3 guidance of $1.20-$1.30 billion in revenue and adjusted EPS of $1.85-$2.15 also significantly exceeded Wall Street expectations of $1.06 billion and $1.56, respectively.

Multiple institutions have raised price targets following the results, with JP Morgan lifting to $465 and Cantor Fitzgerald raising to $550 from $400 while maintaining an Overweight rating. The semiconductor equipment sector broadly strengthened on the same day, with Applied Materials up 4.57%, Lam Research up 4.78%, and KLA Corporation up 3.77%, reinforcing sector-wide momentum.

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