Aehr Test Systems, Inc. (AEHR) shares jumped 29.45 percent, rising $7.89 to $34.72 on Wednesday after the company announced a key strategic production win tied to a next-generation AI processor used in data center training and inference applications. The stock is currently trading at $34.26, up from a previous close of $26.83. Shares opened at $31.75 and have traded between $31.70 and $37.20 during the session on the Nasdaq. The last bid was $26.57 for 200 shares, while the ask stood at $40.90 for 200 shar ...

Core Insights - Teradyne Inc. (NASDAQ:TER) experienced a significant stock price increase of 24.5% week-on-week, reaching an all-time high, driven by strong earnings and 11 price target upgrades from investment firms [1][5]. Financial Performance - The company reported a 2.2% increase in full-year net income to $554 million compared to $542 million in 2024, with net revenues rising by 13% to $3.2 billion from $2.82 billion year-on-year, attributed to strong performance in semiconductor and product testing, as well as robotics [3]. - In Q4, net income surged by 76% to $257 million from $146 million, while net revenues grew by 44% to $1.08 billion from $753 million, exceeding guidance due to AI-related demand in various sectors [4]. - For Q1, Teradyne is targeting revenues between $1.15 billion and $1.25 billion [5]. Market Sentiment - The stock received price target upgrades from 11 investment firms, with Susquehanna being the most optimistic, raising its target from $275 to $335 [5].

Due to its pivot toward test solutions for AI processors and the data center semiconductor markets, Aehr Test Systems (NASDAQ: AEHR) stock has almost become a proxy for how the market is feeling about AI infrastructure spending. Today, the market is feeling good, and that's why the stock rose by more than 13% at 1 p.m. today. Amazon and Alphabet are spending big It makes sense to focus on the larger players in the AI sector, and while OpenAI and Oracle have their issues, Alphabet and Amazon.com are highly ...

Beyond testing, Teradyne operates a growing robotics business that includes collaborative robots designed to work safely alongside people, as well as mobile robots that assist with manufacturing and warehouse tasks. Together, these businesses place the company at the intersection of chip production and industrial automation.Founded in 1960 and based in Massachusetts, Teradyne develops automated test equipment and advanced robotics systems used across the tech and industrial landscape. Its semiconductor and ...

FormFactor (NasdaqGS:FORM) Q4 2025 Earnings call February 04, 2026 04:25 PM ET Company ParticipantsAric McKinnis - Senior VPBrian Chin - MDCraig Ellis - Senior MD and Director of ResearchDavid Duley - Portfolio ManagerElizabeth Sun - Former Senior Director of Corporate Communications and IRMatthew Prisco - VP and Equity Research AssociateMike Slessor - CEORobert Mertens - VPStan Finkelstein - VP of Investor RelationsVedvati Shrotre - DirectorConference Call ParticipantsCharles Shi - MD and Senior AnalystMik ...

FormFactor (NasdaqGS:FORM) Q4 2025 Earnings call February 04, 2026 04:25 PM ET Speaker7Thank you, and welcome everyone to FormFactor's fourth quarter 2025 earnings conference call. On today's call are Chief Executive Officer Mike Slessor and Chief Financial Officer Aric McKinnis. Before we begin, Stan Finkelstein, the company's VP of Investor Relations, will remind you of some important information.Speaker10Thank you. Today, the company will be discussing GAAP P&L results and some important non-GAAP results ...

Core Insights - Teradyne, Inc. (NASDAQ:TER) achieved a new all-time high stock price of $285.92, closing at $282.98, reflecting a 13.41% increase due to strong earnings driven by demand from the artificial intelligence sector [1][6]. Financial Performance - In Q4 of the previous year, Teradyne's net income surged by 76% to $257 million, up from $146 million year-over-year [2]. - Revenues for the same quarter increased by 43.8% to $1.08 billion, compared to $752 million in the prior year [2]. Business Growth and Future Outlook - The CEO of Teradyne, Greg Smith, indicated that Q4 results exceeded the high end of guidance, with growth fueled by AI-related demand across semi test, product test, and robotics sectors [3]. - The company anticipates year-over-year growth across all business segments in 2026, particularly in compute driven by AI [4]. - For Q1 of the current year, Teradyne is projecting revenues between $1.15 billion and $1.25 billion, with diluted earnings per share expected to be between $1.82 and $2.19 [4].

Core Viewpoint - Teradyne's stock surged by 20% following the announcement of its first billion-dollar quarter since 2021, with reported revenue of $1.08 billion, significantly exceeding quarterly earnings expectations [1]. Financial Performance - The company achieved revenue of $1.08 billion, marking a notable milestone as it is the first time in years that Teradyne has crossed the billion-dollar threshold in quarterly revenue [1]. - The strong earnings performance indicates a robust recovery and growth trajectory for Teradyne in the semiconductor and robotics testing systems market [1].

Financial Data and Key Metrics Changes - Teradyne reported a strong fourth quarter with a 41% sequential revenue growth and over 100% non-GAAP earnings growth, exceeding high guidance expectations [4][17] - Fourth quarter sales reached $1,083 million, with non-GAAP EPS of $1.80, marking the highest revenue quarter of 2025 and the second highest in company history [17][18] - Full-year revenue for 2025 was $3.2 billion, up 13% from the previous year, with non-GAAP EPS increasing by 23% to $3.96 [22][29] Business Line Data and Key Metrics Changes - The Semiconductor Test Group generated $883 million in revenue in Q4, driven by AI, compute, and memory demand, with SoC revenue up 47% quarter-on-quarter [17][18] - The Product Test Group grew revenue to $110 million, driven by strong defense and aerospace demand [18] - Robotics revenue reached $89 million, growing for the third consecutive quarter, with over 5% driven by a large e-commerce customer [18] Market Data and Key Metrics Changes - AI-driven revenue accounted for more than 60% of Teradyne's revenue in Q4, with expectations for it to drive upwards of 70% in Q1 2026 [6][17] - The overall memory Total Addressable Market (TAM) was down about 4% from 2024, but Teradyne gained some market share, particularly in HBM and DRAM [11] - The Semiconductor Test Group delivered 19% year-over-year growth, with SoC test revenue growing 23% year-over-year [7][29] Company Strategy and Development Direction - Teradyne's strategy focuses on AI, verticalization, and electrification, with a pivot towards AI-driven demand and high-performance computing [5][14] - The company announced a joint venture with MultiLane to serve the growing AI data center demand, expected to close in Q2 2026 [15][25] - The new target earnings model is framed around an ATE TAM of $12-$14 billion, with expectations of achieving $6 billion in revenue [26][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in AI data centers and the recovery of auto industrial markets, while cautioning about the lumpiness of revenue patterns [13][24] - The company expects Q1 2026 sales to be between $1.15 billion and $1.25 billion, representing an 11% growth from Q4 and 75% growth from the same period in 2025 [22][23] - Management highlighted the importance of maintaining a healthy backlog and better visibility into the first half of 2026 compared to previous years [32][62] Other Important Information - Non-GAAP gross margins for Q4 were 57.2%, with operating profit dollars roughly doubling compared to both the prior quarter and prior year [20] - Teradyne returned $204 million to shareholders through share repurchases and dividends in Q4, with a total of $785 million returned in 2025 [20][22] - The company anticipates a robust year-on-year growth in the memory market for 2026, driven by continued strength in HBM and DRAM [11][27] Q&A Session Summary Question: Near-term outlook for 2026 revenue growth - Management indicated a healthy backlog and better insights for the first half of 2026, but cautioned against linearity assumptions due to potential revenue lumpiness [32][34] Question: Long-term share gain expectations - Management expects to gain share in the compute space, with mobile and auto industrial markets also projected to grow, maintaining current share levels [36][38] Question: Breakdown of SoC TAM in 2025 - The SoC TAM was estimated at approximately $7.2 billion, with compute around $5 billion, mobility about $1 billion, and auto industrial just under $1 billion [43][44] Question: Growth expectations for HDD test revenue - HDD revenue is expected to double between 2025 and 2026, with the new customer representing a significant opportunity for growth [78]

Financial Data and Key Metrics Changes - Teradyne reported a strong fourth quarter with a 41% sequential revenue growth and over 100% non-GAAP earnings growth, exceeding high guidance expectations [4][17] - Fourth quarter sales reached $1,083 million, with non-GAAP EPS of $1.80, marking the highest revenue quarter of 2025 and the second highest in company history [17][18] - Full-year revenue for 2025 was $3.2 billion, up 13% from the previous year, with non-GAAP EPS increasing by 23% to $3.96 [22][29] Business Line Data and Key Metrics Changes - The semiconductor test group delivered 19% year-over-year growth in 2025, with SoC test revenue growing 23% year-over-year, primarily driven by networking and VIP compute [7][8] - Robotics revenue grew for three consecutive quarters, reaching $89 million in Q4, up 19% from Q3, with over 5% of revenue driven by a large e-commerce customer [18][19] - The product test group grew revenue by 8% in 2025, supported by strong demand in defense and aerospace [6][7] Market Data and Key Metrics Changes - AI-driven revenue accounted for more than 60% of Teradyne's revenue in Q4 2025, with expectations that it will drive upwards of 70% in Q1 2026 [5][6] - The overall memory TAM was down about 4% from 2024, but Teradyne gained some market share, with expectations of low double-digit TAM growth in 2026 driven by HBM and DRAM [11][12] - The SoC TAM reached record levels in 2025, nearly 60% larger than in 2024, with expectations for robust midterm growth driven by data center build-out and edge AI [9][10] Company Strategy and Development Direction - Teradyne's strategy focuses on AI, verticalization, and electrification, with a pivot towards AI-driven demand and high-performance computing [5][6] - The company announced a joint venture with MultiLane to serve the growing AI data center demand, expected to close in Q2 2026 [15][25] - The new target earnings model is framed around an ATE TAM of $12-$14 billion, with expectations of achieving $6 billion in revenue and non-GAAP EPS of $9.50-$11 [26][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in AI data centers and the recovery of markets such as auto industrial and mobile [13][14] - The company highlighted the importance of maintaining a balanced revenue mix to mitigate risks, with expectations of continued share gains in various segments [9][10] - Management cautioned about the lumpiness of revenue patterns and the unpredictability of future growth, particularly in the second half of 2026 [30][31] Other Important Information - Teradyne generated $450 million in free cash flow in 2025 and returned $785 million to shareholders through share repurchases and dividends [22][29] - The company ended 2025 with $448 million in cash and marketable securities, positioning itself for future investments and M&A opportunities [22][29] Q&A Session Summary Question: Near-term outlook for 2026 revenue growth - Management indicated a healthy backlog and better insights for the first half of 2026, but cautioned against linear growth assumptions due to potential revenue lumpiness [31][32][34] Question: Long-term share gain expectations - Management expects to gain share in the compute space, with the mobile market projected to grow but not return to previous peaks [36][37] Question: Breakdown of SoC TAM in 2025 - The SoC TAM was approximately $7.2 billion, with compute around $5 billion, mobility about $1 billion, and auto industrial just under $1 billion [43][44] Question: Market share expectations for GPU testing - Management anticipates incremental share gains in GPU testing over the next few years, with initial single-digit share numbers expected to grow over time [58][59] Question: Sensitivity of ATE market and revenue targets - Management acknowledged that the $6 billion revenue target is balanced, with uncertainties around market growth speed and share gains in the compute space [52][54]