Tessara’s Advantest read says HBM4 is pulling tester demand into 2025
tengyanAI · x · 2026-07-29
A Tessara read on Advantest argues the company could beat expectations, with revenue modeled above ¥365B versus the Street’s roughly ¥335.6B–¥350B range.
- The thesis is built from supply-chain signals: TSMC’s record June quarter, Disco beating earnings, Teradyne’s record memory-test revenue, and SK hynix confirming HBM4 shipments began in Q2 with a larger ramp in H2.
- The key conclusion is that HBM4 is pulling tester demand forward.
- The main caveat is timing: Advantest books revenue when testers ship, so the demand wave could still show up later than the nowcast expects.
Related event: HBM4 Demand Pulls Testing Needs Forward, Advantest Revenue May Exceed ¥365B(2 posts)→
More from Infra
- Meta's commitments jumped to $349B in a quarter as server memory prices tripled ahead of Oct 21 earnings — tengyanAI · 2026-10-16
- Meta releases Muse Spark Open, trained with vLLM-powered RL inference from day one — colinmcnamara · 2026-10-16
- Meta's open Muse Spark needs 493GB of memory — far beyond any consumer laptop — TejasKumar_ · 2026-10-16
- CoreWeave plunges 20% as credit markets price >60% default odds; is this dot-com all over again? — kimmonismus · 2026-10-16
- MiniCPM-V 4.7 35B-A3B hits 17+ tokens/s on iPad with ~3GB memory — techNmak · 2026-10-16
- China rolls out 'token factories' and a 2026-28 token economy action plan — nordicinst · 2026-10-16