Uni-Trend Launches and Sells Vector Network Analyzer Products

Teradyne reported Q2 revenues of $1.33 billion, up 104% year on year, exceeding analysts' expectations by 9.3% and posting the biggest analyst estimate beat and highest guidance raise among the 14 semiconductor manufacturing stocks tracked. The company, a US-based supplier of automated test equipment for semiconductors, also beat analysts' EPS and operating income estimates, and its stock is up 20.8% since reporting, trading at $387.50. Across the group, revenues beat consensus estimates by 3.5% while next quarter's revenue guidance came in 6.5% above expectations, and share prices are up 7.2% on average since the latest earnings results. Kulicke and Soffa reported revenues of $330.4 million, up 123% year on year and 5.7% above expectations, the fastest revenue growth of the group, though its stock is down 3.2% since reporting at $90.86. KLA Corporation reported revenues of $3.66 billion, up 15.2% year on year and 1.3% above expectations, with its stock down 1.5% at $188.03, while Entegris reported revenues of $883.2 million, up 11.5% and 5.5% above expectations, with its stock up 19.8% at $149.97, and Amtech reported revenues of $22.38 million, up 14.5% and 4.1% above expectations, with its stock down 5.2% at $15.19.

Renishaw reported record full-year results for the year to June, with revenue up 14% to £815.8 million and adjusted pretax profit rising 32% to a record £168 million, sending its shares up around 3%. Adjusted operating profit climbed 36% to £152.9 million, lifting the margin to 18.7% from 15.7%, while adjusted earnings per share increased 30% to 179.5p and statutory pretax profit rose 27% to £150 million despite £18 million of redundancy and other one-off costs. Fourth-quarter revenue reached a record £244.2 million, up 28% year on year, and the order book continued to grow. Position Measurement was the standout division, with revenue jumping 26% to £260.9 million and adjusted operating profit up 53% to £71.5 million as its margin expanded to 27.4% from 22.5% on demand for optical encoders used in semiconductor manufacturing equipment, while Specialised Technologies grew revenue 43% to £107.5 million and swung from a £9.9 million adjusted operating loss to a £4.7 million profit. Industrial Metrology, still the largest part of the group, grew 4% as weakness in some traditional industrial markets offset demand for newer metrology systems and software. Renishaw increased its regular dividend by 5% to 82p per share and added a special 70p interim dividend, with cash and deposits rising to £291 million.

TSMC spent $15.59 billion on capital expenditure in its June 2026 quarter, its largest quarterly outlay in the past eight quarters and about 42% above the $10.98 billion spent in the prior quarter, as the company raised its 2026 capital budget for a third time this year, from $52 billion to $56 billion in January, to the high end of that range in April, and to $60 billion to $64 billion in July. On the Q2 2026 earnings call, CFO Wendell Huang guided third quarter gross margin down 170 basis points to 66%, citing 3 to 4 percentage points of dilution from the steep ramp of TSMC's 2 nanometer process, even as the June 2026 quarter's gross margin reached 67.72%, its highest in two years and consistent with the 67.7% figure cited by CEO C.C. Wei. Huang said TSMC generated about $24.5 billion in operating cash flow that quarter, enough to cover the $15.59 billion in CapEx and roughly $4.9 billion in dividends without new borrowing. TSMC is trading at 22.46 times forward normalized earnings, close to its 22.41 times two year average and well below the 29.65 times high in that range, after a mid September selloff tied to AI safety warnings from Anthropic's Dario Amodei and OpenAI's Sam Altman rather than anything specific to TSMC. Institutional 13F filings dated June 30, 2026 show a split Street, with Coatue raising its TSMC stake 7.6% to 9.3 million ADRs and Situational Awareness lifting its position to 2.6 million shares, while Lone Pine cut its stake 92.7%, SoftBank cut 71.5%, and Viking Global cut 29%.