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Teradyne soars after blowout revenue and earnings beat, with strong guidance to match

Teradyne is up as much as 24% in premarket trading on Tuesday after the company smashed sales estimates in the fourth quarter of 2025 and shared better-than-expected first-quarter guidance on Monday evening.

The company, which mainly makes equipment that tests advanced systems like semiconductors, reported:

  • Revenue of $1,083 million, topping Wall Street’s forecast of $964 million (consensus compiled by Bloomberg).

  • Adjusted earnings per share of $1.80, 33% higher than the $1.36 expected from analysts.

Looking ahead, Teradyne also shared revenue guidance of $1,150 million to $1,250 million and estimated adjusted EPS of $1.89 to $2.25 for Q1 2026, way above analysts’ estimates of $933 million and $1.26, respectively.

In the press release, Teradyne CEO Greg Smith said that the company’s strong growth was “fueled by AI-related demand in compute, networking and memory within our Semi Test business,” also noting that its business groups — Semi Test, Product Test, and Robotics — all showed “sequential growth.”

Driven by strong AI momentum, Teradyne has surged 125% in the past year, and has been doubling down on supporting demand from the AI data center equipment market, including forming a joint venture with a high-speed test company Multilane last week. Chip-tester rival Advantest is also up 7% on the news.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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