Teradyne, Inc
TERQ3 2024(TER Q2 FY2024)Estimated10% AI
AI Revenue %
10%
AI Fair Value
$2.4B
AI Revenue (Q)
$73.7M
Total Revenue (Q)
$737.3M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Semi Test from Q2 FY2025 restatement: $559.9M. Total revenue = $729.9M. From Q2 FY2024 disaggregated revenue: SoC $413.6M, Memory $129.0M (total Semi Test $542.6M -- differs from restated due to segment restructuring). Memory jumped significantly QoQ ($110M to $129M), driven by HBM demand. The 10-K FY2024 states 'memory and compute offerings growing considerably compared to 2023.' Estimating ~55% of Memory is AI-driven HBM ($70.9M) plus ~5% of SoC for GPU/HPC compute ($20.7M) = $91.6M AI-related, with 70% haircut for purity = $64.1M. However with restated Semi Test at $559.9M (including System Test items) AI fraction is ~$64.1M / $729.9M = 8.8%. Given accelerating HBM demand, rounding up to 10.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Semiconductor Test: System-on-a-Chip $413,584, Memory $128,980 (total $542,564)
10-Q disaggregated revenue, Q2 FY2024
Total revenues $729,879 thousand
10-Q income statement, Q2 FY2024
In 2024, we saw strength in our Semiconductor Test business, with memory and compute offerings growing considerably compared to 2023
10-K FY2024, Item 1 Business
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