Goldman Sachs’ 35 AI Superstars

29. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 43

Teradyne, Inc. (NASDAQ:TER) designs, develops, manufactures, and sells automated test systems and robotics products globally. The company serves key markets such as semiconductors, defense, storage, and wireless testing.  This company offers a range of qualities that make it a compelling investment. As per the reports for the third quarter of 2024, reported revenue was $737 million, increasing 1% from the $730 million reported in Q2 2024. The growth in Q3 was primarily driven by higher revenue in System Test, which rose from $61 million in Q2 to $73 million, and Wireless Test, which increased from $36 million in Q2 to $33 million. However, revenue from Semiconductor Tests remained stable at $543 million in both Q2 and Q3, while Robotics revenue saw a small dip from $90 million in Q2 to $89 million in Q3. Compared to the first quarter of 2024, where revenue totaled $600 million, Q3’s revenue represents a solid increase of 22.8%, with growth across all segments except for Robotics, which remained largely consistent. In addition, the company’s partnership with Analog Devices aims to accelerate the development and usage of advanced robotics. This would enable the company to deliver state-of-the-art solutions that drive innovation and efficiency throughout the semiconductor lifecycle.