April 28 (Reuters) - Teradyne ( TER ) on Monday forecast

second-quarter revenue above Wall Street expectations and beat

estimates for quarterly profit and revenue, helped by steady

demand for its semiconductor-testing equipment.

The increasing complexity of AI computing systems and the

need for highly reliable performance in training and deploying

AI models are driving demand for sophisticated testing tools,

benefiting companies like Teradyne ( TER ).

The strong revenue growth is driven by strength in the

semiconductor test segment, the company's largest, which

accounted for $543 million in the first quarter.

"Visibility in the second half is limited and the impact of

trade policy on end-market demand is still in flux," said

Teradyne ( TER ) CEO Greg Smith.

Teradyne ( TER ) announced that it is increasing the share

repurchase program from a targeted $400 million in 2025 to up to

$1 billion, to be completed by the end of 2026.

The company, which counts Qualcomm ( QCOM ) and Texas

Instruments ( TXN ) among its customers, designs and develops

technology for chips and electronic equipment testing, and also

sells robotic systems to customers in the manufacturing sector.

Teradyne ( TER ) forecast second-quarter revenue between $610

million to $680 million, the midpoint of which is above

analysts' average estimate of $643.5 million, according to data

compiled by LSEG.

Revenue rose by 14% to $686 million in the first quarter

ended March 30, from a year ago, beating analysts' average

estimate of $680.5 million.

On an adjusted basis, the company earned 75 cents per share,

compared with estimates of 62 cents per share.

Shares of North Reading, Massachusetts-based company rose

1.22% in extended trading.