Teradyne (TER) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 28, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

2.02

Last Year’s EPS

0.57

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 15 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 28, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call reported multiple record operating and financial metrics driven by robust AI demand: record revenue (~$1.28B–$1.3B), record margins (60.9%) and operating income ($480M), strong YoY and sequential growth across Semi Test, memory and robotics, and strategic product and M&A momentum (Photon 100, Omnyx, MultiLane JV, TestInsight). The primary negatives are limited visibility into the back half, concentration risk with a small number of large customers, inherent lumpy demand timing, and some normalization of margins into Q2. On balance, the positives — sizable revenue and margin beats, product wins, and tangible progress on AI-related TAM capture — materially outweigh the risks and uncertainties called out by management.

Company Guidance

Teradyne guided Q2 revenue of $1.15–$1.25 billion and non‑GAAP EPS of $1.86–$2.15, with normalized gross margins of 58%–59%, operating expenses about 27%–28% of sales and a non‑GAAP operating profit rate of 30%–32%; management expects roughly 55%–60% of annual revenue to be first‑half weighted, has line‑of‑sight to about $50 million of merchant‑GPU revenue for the year, and reiterated a full‑year target model of about $6.0 billion in revenue and $9.50–$11.00 in non‑GAAP EPS. They noted Q1 as a record quarter (Q1 revenue $1.282B, non‑GAAP EPS $2.56, gross margin 60.9%, non‑GAAP operating income $480M/37.5%), ended the quarter with ≈$400M cash & investments, used roughly $165M for recent acquisitions funded via the credit revolver, paid $20M in dividends, expect Q2 capex to increase, and cautioned that order lumpiness and visibility limits could affect timing.

Record Revenue and Earnings

Q1 revenue of $1.282 billion (Greg referenced ~ $1.3B) and non-GAAP EPS of $2.56, both above the high end of guidance. Total company sales were up 87% year-over-year and 18% sequentially; non-GAAP EPS was up 241% year-over-year and 42% sequentially.

Semiconductor Test Breaks $1B

Semi Test revenue reached $1.1 billion for the quarter (first time over $1B), up 26% sequentially and more than 100% year-over-year. SoC represented $882M, memory $203M and IST $27M.

Strong Margins and Operating Profit

Gross margin of 60.9%, a record and up ~370 basis points sequentially. Non-GAAP operating income was $480M with an operating margin of 37.5%, both all-time records.

AI Demand Driving Mix Shift

AI-related demand accounted for nearly 70% of revenue in Q1 (up from ~60% in Q4 2025). Management attributes the record results to durable AI demand and execution on the wafer-to-AI data center strategy.

Product Momentum — Memory, Robotics, Product Test

Memory revenue $203M (robust HBM and DRAM demand; Magnum 7 ramped). Robotics revenue $91M, up 32% year-over-year and fourth consecutive quarter of sequential growth. Product Test revenue $80M, up 8% year-over-year.

New Product Introductions

Two significant new products launched in Q1: Photon 100 (silicon photonics / co-packaged optics test platform) targeting a potential midterm TAM of $300M–$700M, and Omnyx (production board test platform to detect defects earlier in AI data center builds).

Merchant GPU Production Win and Pipeline

Received first multi-system production test orders for merchant GPU in Q1; systems expected to ship, be installed and be in production in Q2. Line of sight to about $50M of merchant GPU revenue for the year; pipeline of additional design wins remains robust.

Strategic M&A and Partnerships

Closed MultiLane Test Products joint venture (April 8) and acquired TestInsight (April 16) to strengthen high-speed I/O/data center interconnect test solutions and test development tools. Combined deals used ~ $165M of cash (funded via credit revolver).

Operational Execution and Capacity

More than doubled UltraFLEXplus shipments over 9 months while maintaining 12–16 week lead times; cash & investments ~ $400M; capital expenditure flat YoY with expected increase in Q2 to support scaling.

Teradyne (TER) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TER Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 28, 2026	2026 (Q2)	2.02 / -	0.57	―	―	―
Apr 28, 2026	2026 (Q1)	2.11 / 2.56	0.75	241.33% (+1.81)
Feb 02, 2026	2025 (Q4)	1.38 / 1.80	0.95	89.47% (+0.85)
Oct 28, 2025	2025 (Q3)	0.79 / 0.85	0.9	-5.56% (-0.05)
Jul 29, 2025	2025 (Q2)	0.54 / 0.57	0.86	-33.72% (-0.29)
Apr 28, 2025	2025 (Q1)	0.62 / 0.75	0.51	47.06% (+0.24)
Jan 29, 2025	2024 (Q4)	0.91 / 0.95	0.79	20.25% (+0.16)
Oct 23, 2024	2024 (Q3)	0.79 / 0.90	0.8	12.50% (+0.10)
Jul 24, 2024	2024 (Q2)	0.77 / 0.86	0.79	8.86% (+0.07)
Apr 24, 2024	2024 (Q1)	0.33 / 0.51	0.55	-7.27% (-0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TER Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 28, 2026	$380.13	$306.33	-19.41%
Feb 02, 2026	$249.43	$282.86	+13.41%
Oct 28, 2025	$144.21	$173.74	+20.47%
Jul 29, 2025	$90.35	$107.42	+18.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.