U.S. stocks movement: Teradyne surges on October 2 with Magnum E2 + AI storage testing

Teradyne October 2nd Major Surge Interpretation

Keywords: Magnum E2, AI storage testing

1. On September 29, 2026, Teradyne released the Magnum E2 high-speed storage testing system, supporting LPDDR6, DDR6, GDDR7, and NAND flash, covering testing needs from product certification to large-scale manufacturing, thus strengthening its product portfolio in next-generation storage testing.

2. On October 2, 2026, the company’s storage testing business was supported by demand for HBM, DRAM, and NAND; in the second quarter of 2026, storage revenue hit a record $212 million, marking the third consecutive quarter exceeding $200 million, and the order-to-shipment ratio for storage business surpassed 2.

3. On July 28, 2026, the company disclosed second-quarter revenue of $1.329 billion, up 104% year-on-year; growth in storage testing business and AI-related semiconductor testing demand fueled the expansion of its main business in automated testing equipment and robotics.

(Disclaimer: This content is generated by AI technology through collection and summarization of publicly available information. It is for reference only and does not constitute investment advice.)