Teradyne (NASDAQ:TER) shares plunged 18.17% to $85.89, shedding $19.07, as of 11:11 AM ET, as investors reacted to the company's latest business outlook. Earlier in the session, the stock was down nearly 20% after the company highlighted short-term volatility in its SemiTest business during its Financial Analyst Day presentation.
Despite the concerns, Teradyne reassured investors that it has not seen order cancellations, though some projects are experiencing delays and capital expenditure reviews. CEO Greg Smith had previously noted that while SemiTest performed well in 2024, other segments like System Test and Wireless Test faced headwinds due to weak demand.
Broader market fears around tariffs and trade restrictions also weighed on semiconductor stocks this week. Teradyne reaffirmed its Q1 2025 guidance, projecting adjusted EPS between $0.58 and $0.68 (midpoint: $0.63) and revenue between $660M and $700M (midpoint: $680M). However, Q2 revenue is expected to be flat or decline up to 10% from Q1 levels.
For 2025, the company anticipates 5%-10% growth, while 2026 projections remain at the lower end of its previous estimates.
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