Solid 2024 Performance: Teradyne reported a 5% revenue growth for 2024, reaching $2.82 billion, with a notable 17% growth in Semiconductor Test revenue (SOC and Memory) driven primarily by AI Compute demand. Free cash flow exceeded $470 million and EPS grew by 10% year-over-year to $3.22, reflecting a strong operational performance.

2025 Outlook and Expectations: For Q1 2025, Teradyne expects revenue between $660 million and $700 million, with non-GAAP EPS ranging from $0.58 to $0.68. The company anticipates a gradual recovery in SOC and Memory markets, projecting SOC TAM growth of approximately 7% year-over-year, with a modest recovery expected in Mobile, Automotive, and Industrial segments in the second half of 2025.

Challenges in Robotics Segment: The Robotics business continues to face headwinds with weak industrial spending, leading to disappointing revenues. Teradyne plans to restructure this segment, integrating sales and marketing efforts between its UR and MiR products to improve efficiency and customer experience.