Teradyne, Inc. (NYSE: TER) reported revenue of $455 million for the second quarter of 2010 of which $413 million was in Semiconductor Test and $42 million in Systems Test Group. On a non-GAAP basis, Teradyne’s net income in the second quarter was $133.7 million, or $0.69 per diluted share, which excluded acquired intangible asset amortization, non-cash convertible debt interest and restructuring and other charges. GAAP net income for the second quarter was $122.1 million, or $0.55 per diluted share.

Bookings in the second quarter of 2010 were $512 million of which $466 million were in Semiconductor Test and $46 million in the Systems Test Group.

Guidance for the third quarter of 2010 is revenue of $490 million to $520 million, with non-GAAP net income per diluted share of $0.75 to $0.83 and GAAP net income per diluted share of $0.60 to $0.67. Non-GAAP guidance excludes acquired intangible asset amortization, non-cash convertible debt interest and restructuring and other charges.

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