Teradyne, Inc. (TER) experienced a decrease of 20.14% in the aftermarket following the announcement of fourth quarter and fiscal year 2021 results. However, the last trading session closed at $ 143.37 with increase of 3.67%.
Fourth Quarter and Fiscal Year 2021 results by TER
On 26th January 2022, TER announced fourth quarter and fiscal year 2021 results. According to the report, the revenue came out to be $885 million. Not only this but the company also reported net income of $238.4 million. In addition, in 2022, TER plans to buyback a minimum of $750 million in ordinary shares. The test and industrial technology businesses both generated another quarter of double-digit sales increase when compared to the prior year.
Furthermore, TER boosted yearly revenues by 19% and non-GAAP earnings per share by 29 percent in 2021. This capped a five-year span in which revenue and earnings climbed at yearly rates of 16% and 32%, respectively. Last but not the least, the Universal Robots and MiR businesses, in particular, are experiencing strong demand, resulting in a 40% increase in revenue in 2021.
What’s Next?
The company has raised the mid-point of the revenue and non-GAAP profits per share expectations in 2024 earnings model to $4.9 billion and $8.00, respectively. However, TER predicts a slower technology shift in one of the major end markets in 2022 to result in reduced Teradyne System-on-a-Chip test demand, which will then accelerate during the 3nm production ramp in 2023. On the strength of favourable global economic trends and the significant value of automation technologies, the company expects strong substantial growth in Industrial Automation in 2022.
Third Quarter Results 2021 – Latest Stats by TER
On 28th October 2021, TER announced third quarter 2021 results. The company has experienced the revenue of about $951 million. Not only this but the income in third quarter came out to be $278.6 million. Moreover, demand for both the Test and Industrial Automation products remained robust in Q3. And the company delivered the eighth quarter of double-digit year-over-year profitability increase.
Now what?
On increased supply in Industrial/Automotive Test, Storing Test, and Industrial Automation, Q4’21 sales are predicted to expand by more than 10% from Q4 2020’s historical high. Moreover, at the mid-point of the projection, full-year company sales, GAAP EPS, and non-GAAP EPS are expected to climb 18 percent, 28 percent, and 27 percent, respectively.
