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Operator
Good morning, ladies and gentlemen, and welcome to the Q2 2021 Teradyne Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to your host, Mr. Andy Blanchard.
Andrew Blanchard
Vice President Corporate Relations
Thank you, Phyllis. Good morning, everyone, and welcome to our discussion of Teradyne s most recent financial results. I m joined this morning by our CEO, Mark Jagiela; and our CFO, Sanjay Mehta. Following our opening remarks, we ll provide details of our performance for 2021 s second quarter along with our outlook for the third quarter of 2021. The press release containing our second quarter results was issued last evening. We re providing slides on the Investor page of the website that may be helpful to you when following the discussion. Replays of this call will be available via the same page after the call ends. Matters that we discuss today will include forward-looking statements that involve risk factors that cou
One of the conclusions of the investigation said that it seems likely that Archegos deceived Credit Suisse and obfuscated the true extent of its positions, which Archegos amassed in the midst of an unprecedented global pandemic. That said, the business and Risk had ample information well before the events of the week of March 22, 2021 that should have prompted them to take steps to at least partially mitigate the significant risks Archegos posed to Credit Suisse, it added.
The investigation also pointed out that nobody at the Swiss bank appeared to fully appreciate the serious risks that Archegos s portfolio posed even though these risks were not hidden. They were in plain sight from at least September 2020.
One of the conclusions of the investigation said that it seems likely that Archegos deceived Credit Suisse and obfuscated the true extent of its positions, which Archegos amassed in the midst of an unprecedented global pandemic. That said, the business and Risk had ample information well before the events of the week of March 22, 2021 that should have prompted them to take steps to at least partially mitigate the significant risks Archegos posed to Credit Suisse, it added.
The investigation also pointed out that nobody at the Swiss bank appeared to fully appreciate the serious risks that Archegos s portfolio posed even though these risks were not hidden. They were in plain sight from at least September 2020.
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