Teradyne, Inc. (TER) Q1 2023 Earnings Call Transcript

Teradyne, Inc. (NASDAQ:TER) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ET

Company Participants

Andrew Blanchard - Vice President of Corporate Communications

Greg Smith - President and Chief Executive Officer

Sanjay Mehta - Vice President and Chief Financial Officer

Conference Call Participants

Mehdi Hosseini - SIG

Timothy Arcuri - UBS

C.J. Muse - Evercore ISI

Samik Chatterjee - JPMorgan

Toshiya Hari - Goldman Sachs

Krish Sankar - TD Cowen

Vivek Arya - Bank of America

Brian Chin - Stifel

Joseph Moore - Morgan Stanley

Steve Barger - KeyBanc

Vedvati Shrotre - Jefferies

Operator

Greetings, and welcome to the Teradyne First Quarter 2023 Earnings Call and Webcast. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host Andy Blanchard, VP, Corporate Communications. Thank you, sir. You may begin.

Andrew Blanchard

Thank you, Latonya. Good morning, everyone, and welcome to our discussion of Teradyne's most recent financial results. I'm joined this morning by our CEO, Greg Smith; and our CFO, Sanjay Mehta.

Following our opening remarks, we'll provide details of our performance for 2023 first quarter, along with our outlook for the second quarter. The press release containing our first quarter results was issued last evening. We're providing slides on the Investor page of the website that may be helpful to you in following the discussion.

Replays of this call will be available via the same page after the call ends. The matters that we discuss today will include forward-looking statements that involve risk factors that could cause Teradyne's results to differ materially from management's current expectations. We encourage you to review the safe harbor statement contained in the earnings release as well as our most recent SEC filings.

Additionally, those forward-looking statements are made as of today, and we take no obligation to update them as a result of developments occurring after this call. During today's call, we'll make reference to non-GAAP financial measures. We've posted additional information concerning these non-GAAP financial measures, including reconciliation to the most directly comparable GAAP financial measure where applicable on the Investor page of our website.

Looking ahead between now and our next earnings call, Teradyne expects to participate in technology or industrial-focused investor conferences hosted by JPMorgan, KeyBanc, Cowen, Stifel and Bank of America.