Teradyne (NYSE: TER) reported Q1 EPS of $0.44, $0.06 better than the analyst estimate of $0.38. Revenue for the quarter came in at $457 million versus the consensus estimate of $440.12 million.

GUIDANCE:

Teradyne sees Q2 2017 EPS of $0.81-$0.90, versus the consensus of $0.59. Teradyne sees Q2 2017 revenue of $660-700 million, versus the consensus of $551.76 million.

“We’re off to a great start in 2017 with year over year quarterly orders up 53%, revenue up 6%, and non-GAAP EPS up 42% to $0.44,” said CEO and President Mark Jagiela. “Semiconductor Test year over year quarterly orders were up 56% on broad strength in mobile, automotive, industrial analog, and Flash memory end market demand. Universal Robots’ (UR) year over year quarterly sales were up 117% powered by an expanding range of customers embracing the power of UR’s collaborative robots to reduce production costs and improve product quality.

“With our large backlog and strong first quarter orders, our Q2 revenue is expected to increase 28% year on year at the mid-point of our Q2 guidance. While we expect the familiar seasonality in the second half, we’re on track for another year of revenue and operating profit growth.”

Guidance for the second quarter of 2017 is revenue of $660 million to $700 million, with GAAP net income of $0.77 to $0.86 per diluted share and non-GAAP net income of $0.81 to $0.90 per diluted share. Non-GAAP guidance excludes acquired intangible asset amortization, non-cash convertible debt interest and includes the related tax impact on non-GAAP adjustments.

For earnings history and earnings-related data on Teradyne (TER) click here.