July 26 (Reuters) - Chip-testing machines maker Teradyne (TER.O) on Wednesday surpassed estimates for sales and profit in the second quarter, helped by growing demand for semiconductors that power artificial intelligence (AI) technology.
Higher shipments in Teradyne's core semiconductor-test segment more than offset weaker robotics demand, said Teradyne CEO Greg Smith.
For the current quarter, strong demand is seen from data center and automotive end-markets while order rates in robotics may decline, the company said.
The boom in demand for AI capabilities have benefited companies in the chip supply chain, softening the impact from a post-pandemic downturn in sales of personal computers and smartphones.
The company earned 79 cents per share on an adjusted basis, higher than estimates of 66 cents.
Persons:
Greg Smith, Zaheer Kachwala, Yuvraj Malik, Devika
Organizations:
chipmaker Taiwan Semiconductor Manufacturing, Qualcomm, Samsung, Revenue, Thomson
Locations:
bengaluru