Semiconductor testing company Teradyne (NASDAQ:TER) missed analysts' expectations in Q4 FY2023, with revenue down 8.4% year on year to $670.6 million. Next quarter's revenue guidance of $565 million also underwhelmed, coming in 9.6% below analysts' estimates. It made a non-GAAP profit of $0.79 per share, down from its profit of $0.92 per share in the same quarter last year.
Wireless chips maker Skyworks Solutions (NASDAQ: SWKS) reported results in line with analysts' expectations in Q1 FY2024, with revenue down 9.6% year on year to $1.20 billion. The company expects next quarter's revenue to be around $1.05 billion, in line with analysts' estimates. It made a non-GAAP profit of $1.97 per share, down from its profit of $2.59 per share in the same quarter last year.
Semiconductor equipment maker Lam Research (NASDAQ:LCRX) beat analysts' expectations in Q2 FY2024, with revenue down 28.8% year on year to $3.76 billion. The company expects next quarter's revenue to be around $3.7 billion, in line with analysts' estimates. It made a non-GAAP profit of $7.52 per share, down from its profit of $10.71 per share in the same quarter last year.
Data storage manufacturer Seagate (NASDAQ:STX) reported results in line with analysts' expectations in Q2 FY2024, with revenue down 17.6% year on year to $1.56 billion. The company expects next quarter's revenue to be around $1.65 billion, in line with analysts' estimates. It made a non-GAAP profit of $0.12 per share, down from its profit of $0.16 per share in the same quarter last year.