Teradyne forecasts sequential decline in quarterly revenue and profit, shares fall   

April 28 (Reuters) - Chip-testing ‌equipment maker ​Teradyne ​on Tuesday forecast a sequential decline in second-quarter revenue and adjusted ‌profit, sending its shares down more ⁠than 8% in extended trading.

The forecast comes as ‌Teradyne's first-quarter revenue jumped ‌87% from a year earlier, driven by strong demand for its equipment used to ​test high-performance semiconductors for the artificial intelligence market.

• Teradyne sees second-quarter revenue ⁠in the range of $1.15 billion to $1.25 billion, the midpoint of ​which is lower than its first-quarter revenue of $1.28 billion.

• The company expects second-quarter ​adjusted earnings between $1.86 and $2.15 per ‌diluted share, lower than the $2.56 per share posted for the first ⁠quarter.

• Teradyne's core business is providing ATE to the world's largest chipmakers, making it ⁠highly sensitive to the cycles of the semiconductor industry. ​The company has a significant exposure to the smartphone market, with Apple being a major customer.

• Its ‌shares have risen 83% so far this year.

• Teradyne earlier this ‌month announced the acquisition of TestInsight, ⁠which provides semiconductor ‌test development, validation ​and conversion software.

(Reporting by Juby Babu in Mexico City; Editing by Jonathan ‌Ananda)

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