Teradyne, Inc
TERQ2 2024(TER Q1 FY2024)Estimated8% AI
AI Revenue %
8%
AI Fair Value
$1.9B
AI Revenue (Q)
$59.0M
Total Revenue (Q)
$737.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Semi Test revenue from Q1 FY2025 restatement: $434.8M. Total revenue = $599.8M. From the Q1 FY2024 disaggregated revenue table, Semi Test breaks into SoC ($302.3M) and Memory ($110.0M). Memory includes HBM/DDR5, much of which serves AI data center buildout. Conservatively estimating ~50% of Memory revenue is AI-driven HBM ($55.0M) plus ~5% of SoC for GPU/HPC compute test ($15.1M) = $70.1M AI-related. $70.1M / $599.8M = 11.7%. However, this overstates AI purity -- HBM also serves non-AI high-performance computing and SoC compute test serves general server/PC markets. Applying a 70% haircut to be conservative: $70.1M x 0.70 = $49.1M. $49.1M / $599.8M = 8.2%, rounded to 8.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Semiconductor Test: System-on-a-Chip $302,308, Memory $109,946 (total $412,254)
10-Q disaggregated revenue, Q1 FY2024
Total revenues $599,819 thousand
10-Q income statement, Q1 FY2024
Semiconductor Test Revenues $434,770 thousand (restated)
10-Q Q1 FY2025 segment note, prior period comparative
AI Products Identified (Ring 1)
UltraFLEX Plus (AI GPU/HPC test)Magnum V (HBM test)Magnum EV (DDR5 memory test)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
FLEX Test PlatformJ750
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix