-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下： TER第一季業績再次超出市場預期，銷售額達12.8億美元（年增87%），比華爾街預期的12.2億美元高出5.5%；非GAAP每股收益為2.56美元（年增241%），比預期的2.11美元高出21%。儘管業績依然亮眼，但考慮到第四季銷售額和每股盈餘分別超出預期11%和30%，這些業績可能會讓較為樂觀的投資者感到失望。鑑於市場預期較高，TER的業績指引同樣令人失望，營收和每股盈餘的中位數分別為12億美元和2.01美元，僅略高於華爾街預期的11.9億美元和1.96美元，而上一季的業績指引則分別超出預期27%和66%，令人矚目。如預期，人工智慧在本季約佔總需求的70%。半導體測試（佔銷售額的87%）加速成長105%，系統測試成長78%，機器人業務在經歷了2025年全年的下滑後反彈32%，反映出市場需求全面強勁。鑑於訂單波動較大以及管理層對需求回落的警告，我們認為下半年業績將開始逆轉上半年的強勁勢頭，而持續的內存/潔淨室供應限制可能會進一步加劇這一壓力。
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