Teradyne and Seagate delivered strong quarterly results, with both companies beating Street expectations. Teradyne reported revenue of $1.31 billion, just above GS at $1.30 billion and the Street at $1.27 billion. The company’s gross margin of 59.1% was above GS at 59.0% and the Street at 58.6%. Non-GAAP EPS of $2.29 was above GS at $2.15 and the Street at $2.05.

Seagate reported revenue of $4.23 billion, above GS at $4.20 billion and the Street at $4.14 billion. The company’s gross margin of 57.8% was in line with GS at 57.2% and the Street at 57.6%. Operating EPS of $7.68 was above GS at $7.59 and the Street at $7.42.

Both companies guided revenue and earnings above Street expectations for the next quarter. Teradyne guided revenue to $1.30 billion at the midpoint, which is in line with GS at $1.30 billion and slightly above the Street at $1.28 billion. Non-GAAP EPS guidance of $1.95 – $2.25 (midpoint of $2.10) was above GS at $2.03 and the Street at $2.05. Seagate guided revenue to $4.30 billion at the midpoint, which is above GS at $4.20 billion and the Street at $4.15 billion. Operating EPS guidance of $8.00 – $8.40 (midpoint of $8.20) was above GS at $7.85 and the Street at $7.70.

Overall, both Teradyne and Seagate delivered strong results and guidance, with a focus on pricing and margins. Despite delivering exabyte growth of 21% y/y, the companies expect to re-accelerate this growth in the December quarter and deliver ~25% growth in the medium term. Seagate reported a ~33% y/y increase in price per Exabyte, and management expects this strong pricing trend to sustain itself through FY27. Management also indicated that it continues to expect sequential quarterly increases for revenue and margins over the course of fiscal 2027.