Teradyne stock pops on earnings beat driven by AI demand

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Teradyne stock popped on Tuesday after the company beat fourth-quarter estimates thanks to strong artificial intelligence demand.

The robotics company reported adjusted earnings of $1.80 per share, exceeding the $1.37 per share expected by analysts surveyed by LSEG. Revenue totaled $1.08 billion, topping a forecast of $973 million.

Teradyne's fourth-quarter revenue was up 44% compared to a year ago.

The company attributed its Q4 growth to "strong AI-related demand in compute and memory" and issued strong guidance.