Teradyne Inc. ( TER ) posted better-than-expected third-quarter results after the closing bell on Tuesday.

Teradyne ( TER ) reported quarterly earnings of 85 cents per share which beat the analyst consensus estimate of 79 cents per share. The company reported quarterly sales of $769.210 million which beat the analyst consensus estimate of $743.776 million.

Teradyne ( TER ) said it sees fourth-quarter adjusted EPS of $1.20 to $1.46, versus market estimates of $1.02. The company also expects sales of $920.00 million to $1.00 billion, versus market estimates of $814.262 million.

“Our Semiconductor Test Group delivered third quarter sales that exceeded expectations, driving company sales and profit to the high end of our Q3 guidance range,” said Teradyne ( TER ) CEO, Greg Smith. “Growth was driven primarily by System-on-a-Chip (SOC) solutions for artificial intelligence applications and strong performance in memory. As we look ahead to Q4, AI-related test demand remains robust across compute, networking and memory segments. Q4’25 sales are expected to increase 25% sequentially and 27% from Q4’24.”

Teradyne ( TER ) shares rose 1.4% to trade at $176.40 on Thursday.

These analysts made changes to their price targets on Teradyne ( TER ) following earnings announcement.

Goldman Sachs analyst James Schneider maintained Teradyne ( TER ) with a Sell and raised the price target from $130 to $148.

Evercore ISI Group analyst Mark Lipacis maintained the stock with an Outperform rating and raised the price target from $175 to $200.

Considering buying TER stock? Here’s what analysts think:

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