Teradyne launches UltraPHY 224G high-speed testing solution

NORTH READING, Mass. - Teradyne, Inc. (NASDAQ:TER), a $21.4 billion market cap technology company with robust gross margins of 59%, announced Tuesday the release of UltraPHY 224G for UltraFLEXplus, expanding its high-speed PHY performance testing capabilities beyond its existing UltraFLEX 112G instrument. According to InvestingPro data, the company has demonstrated strong financial execution with annual revenues reaching $2.8 billion.

The new testing solution, developed in collaboration with Multilane, supports data rates up to 112 Gb/s NRZ and 224 Gb/s (112 Gbaud PAM4) using a DSO + BERT architecture. It provides 8 full-duplex differential lanes plus 8 Rx-only differential lanes per instrument. The company’s stock has shown remarkable momentum, with InvestingPro reporting a substantial 63% price return over the past six months, though current valuations suggest the stock may be trading above its Fair Value.

"With the introduction of Teradyne UltraPHY 224G, we are extending our portfolio to meet the most demanding next-generation PHY test requirements," said Roy Chorev, Vice President and General Manager, Compute Test Division at Teradyne.

The UltraPHY 224G is designed to address emerging data rates in the data center and silicon photonics markets. Both the 224G and 112G instruments can coexist in the same UltraFLEXplus platform, allowing customers to test a wide range of current and future high-speed interfaces.

The solution delivers bench-quality signal generation and measurement for production testing with signal delivery bandwidth exceeding 50GHz. It features integrated DSO, AWG, and BERT capabilities for comprehensive PHY testing and characterization.

Teradyne’s UltraPHY 224G maintains compatibility with the company’s IG-XL software platform, which the company states will facilitate easier adoption for existing customers.

The company will showcase the UltraPHY products at SEMICON West in Phoenix, Arizona, from October 7-9.

According to the press release statement, the new solution aims to support both current and emerging chiplet-based architectures, advanced packaging, and Known Good Die (KGD) workflows. With an impressive Financial Health score of "GOOD" from InvestingPro, Teradyne maintains strong operational metrics and cash flows that sufficiently cover its obligations. For deeper insights into Teradyne’s financial performance and growth potential, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Teradyne Inc. reported impressive financial results for the second quarter of 2025, exceeding market expectations. The company posted earnings per share of $0.57, outperforming the forecast of $0.54, and generated revenue of $652 million, surpassing the anticipated $649.52 million. This positive earnings report has been a focal point for investors, highlighting Teradyne’s strong performance. Additionally, Cantor Fitzgerald has maintained its Overweight rating on Teradyne, setting a price target of $130.00, indicating continued confidence in the company’s stock. In corporate developments, Teradyne announced a quarterly cash dividend of $0.12 per share, payable on September 29, 2025, to shareholders of record as of September 5, 2025. The company also appointed Jean-Pierre "JP" Hathout as President of the Teradyne Robotics Group, while he continues to lead Universal Robots. These updates reflect ongoing strategic initiatives and financial health at Teradyne.

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