FINWIRES · TerminalLIVE
FINWIRES

Research Alert: Ter Beats Expectations, But Q2 Guidance Only In Line, Disappointing The Bulls

By

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

TER's results again beat consensus in Q1, with sales of $1.28B (+87% Y/Y) outpacing the Street's $1.22B by 5.5% and non-GAAP EPS of $2.56 (+241%) beating expectations for $2.11 by 21%. While still impressive, these results may disappoint more bullish investors, following Q4's blowout beats of 11%/30% for sales/EPS, respectively. Guidance was similarly underwhelming given high expectations, with midpoints of $1.20B in revenue and $2.01 in EPS coming in only just above the Street's views of $1.19B/$1.96, whereas last quarter's guidance beat by an eye-popping 27%/66% for sales/EPS. AI comprised approximately 70% of demand during the quarter, as expected. Semiconductor Test (87% of sales) accelerated +105%, System Test grew +78%, and Robotics rebounded +32% after declines throughout 2025, reflecting broad-based demand. We think 2H will start to reverse 1H's strength given order lumpiness and management's warnings of demand pull-in, with ongoing memory/cleanroom constraints potentially adding pressure.

Related Articles

Asia

Syrah Resources Production at Mozambique Graphite Operation Reaches 23.500 Tonnes

Syrah Resources (ASX:SYR) delivered total graphite production of 23,500 tonnes for the March quarter from its Balama graphite operation in Mozambique, according to a Wednesday Australian bourse filing.There was no production at Balama due to protests impeding operations in the year-ago quarter, per a separate filing.Natural graphite sales to external customers were 20,000 tonnes for the quarter, and it completed a large volume breakbulk shipment to Indonesia during the quarter.It noted supply chain risks to Balama, particularly for imported consumables such as diesel, created by the conflict in the Middle East. It is engaged with suppliers and is focused on optimizing the use of its solar and battery system at Balama to manage its exposure to any temporary diesel supply risks.

$ASX:SYR
Asia

ASX Preview: Australian Shares Set to Fall as United Arab Emirates Quits OPEC; Woodside Energy Group Posts Lower Q1 Revenue, Production

Australian shares are poised to fall on Wednesday after the United Arab Emirates said it would quit Organization of the Petroleum Exporting Countries (OPEC), rattling global oil markets amid an escalating Iran war and raising questions over future supply stability in the energy sector.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.5%, 0.9%, and 0.1%, respectively.In the macroeconomy, Australia's consumer price index report is due at 11:30 am Sydney time.In corporate news, Woodside Energy Group (ASX:WDS) reported a decline in operating revenue to $3.26 billion in the March quarter from $3.32 billion a year earlier, while total production also fell year on year to 45.2 million barrels of oil equivalent (MMBoe) from 49.1 MMBoe.Westgold Resources (ASX:WGX) reported group gold production of 93,145 ounces of gold and sold 69,900 ounces of gold in the fiscal third quarter ended March 31.Australia's benchmark index fell 0.6% or 55.7 points to close at 8,710.70 on Tuesday.

$^AXJO$ASX:WDS$ASX:WGX
Asia

Suncorp Group Launches Offer for Additional Tier 1 Capital Notes

Suncorp Group (ASX:SUN) launched an offer for Australian dollar-denominated perpetual, convertible notes to fund additional Tier 1 capital within the group, according to a Wednesday filing with the Australian bourse.The unsecured, subordinated notes will be offered to institutional and wholesale investors at a face value of AU$10,000 per note, with a potential minimum subscription amount of AU$500,000, per the filing.The notes are expected to be priced on Wednesday.

$ASX:SUN