Earnings summaries and quarterly performance for TERADYNE.
Executive leadership at TERADYNE.
Gregory Smith
Detailed
President and Chief Executive Officer
CEO
JL
John Lukez
Detailed
President, LitePoint Corporation
JW
John Wood
Detailed
President, Systems Test Group
MT
Michelle Turner
Detailed
Chief Financial Officer and Treasurer
RB
Richard Burns
Detailed
President, Semiconductor Test
RD
Ryan Driscoll
Detailed
Vice President, General Counsel and Secretary
Board of directors at TERADYNE.
Research analysts who have asked questions during TERADYNE earnings calls.
BC
Brian Chin
Stifel Financial Corp.
6 questions for TER
Also covers: AEIS, AMAT, CAMT +8 more
SC
Samik Chatterjee
JPMorgan Chase & Co.
6 questions for TER
Also covers: AAPL, ANET, APH +32 more
Timothy Arcuri
UBS
6 questions for TER
Also covers: ADI, ALGM, AMAT +17 more
MH
Mehdi Hosseini
Susquehanna Financial Group
5 questions for TER
Also covers: AEIS, ALAB, AMAT +20 more
Shane Brett
Morgan Stanley
5 questions for TER
Also covers: AMAT, KLAC, MKSI
DD
David Duley
Steelhead Securities LLC
4 questions for TER
Also covers: ACLS, COHU, FORM +3 more
VA
Vivek Arya
Bank of America Corporation
4 questions for TER
Also covers: ADI, ALGM, AMAT +23 more
CM
Christopher Muse
Cantor Fitzgerald
3 questions for TER
Also covers: ADI, AMAT, AMD +13 more
CM
CJ Muse
Cantor Fitzgerald
3 questions for TER
Also covers: ADI, AMAT, AMD +15 more
SS
Sreekrishnan Sankarnarayanan
Wolfe Research, LLC
3 questions for TER
Also covers: AAPL, AEIS, AMAT +21 more
JS
Jim Schneider
Goldman Sachs
2 questions for TER
Also covers: ACN, ADI, AMT +23 more
Stephen
TD Cowen
2 questions for TER
Also covers: OBK
TH
Toshiya Hari
Goldman Sachs Group, Inc.
2 questions for TER
Also covers: AMAT, AMD, AMKR +17 more
VS
Vedvati Shrotre
Evercore ISI
2 questions for TER
Also covers: CAMT, NVMI, ONTO
AM
Atif Malik
Citigroup Inc.
1 question for TER
Also covers: AAPL, ALAB, AMAT +11 more
AR
Auguste Richard
Northland Capital Markets
1 question for TER
Also covers: AIP, AMBA, BURU +12 more
GR
Gus Richard
Northland Capital Markets
1 question for TER
Also covers: AIP, AMBA, CAMT +7 more
JM
Jacob Moore
Sidoti & Company, LLC
1 question for TER
Also covers: AME, FLEX, FSS +3 more
JS
James Schneider
Goldman Sachs
1 question for TER
Also covers: ACN, AMAT, AMKR +27 more
KS
Krish Sankar
TD Cowen
1 question for TER
Also covers: AAPL, AEIS, AMAT +21 more
SB
Steve Barger
KeyBanc Capital Markets Inc.
1 question for TER
Also covers: AEIS, AME, AMKR +12 more
Recent press releases and 8-K filings for TER.
Teradyne reports Q4 and full-year 2025 earnings
TER
Earnings
Guidance Update
- Q4 2025 revenue of $1.083 billion and non-GAAP EPS of $1.80, above guidance, driven by AI applications contributing over 60% of sales
- SemiTest group sales of $883 million; SoC revenue $647 million (+47% q-o-q) and memory $206 million (+61% q-o-q)
- Full-year 2025 revenue of $3.2 billion (+13% y-o-y) with non-GAAP EPS $3.96, free cash flow of $450 million, and $785 million returned to shareholders
- Q1 2026 guidance calls for $1.15–1.25 billion revenue, non-GAAP EPS $1.89–2.25, and gross margin 58.5–59.5%
- Midterm target model at an ATE TAM of $12–14 billion anticipates $6 billion revenue, 59–61% gross margin, 27–29% OpEx, and non-GAAP EPS $9.50–11
8 hours ago
Teradyne reports Q4 and full-year 2025 results
TER
Earnings
Guidance Update
- Q4 sales were $1,083 million with non-GAAP EPS of $1.80, marking the highest quarterly revenue of 2025 and exceeding the top end of guidance.
- AI-driven demand accounted for over 60% of Q4 revenue and is expected to drive more than 70% of revenue in Q1 2026.
- Full-year 2025 revenue was $3.2 billion (+13% YoY), with non-GAAP EPS of $3.96, free cash flow of $450 million, and $785 million returned to shareholders.
- Q1 2026 outlook: revenue of $1.15 billion–$1.25 billion (midpoint +11% QoQ, +75% YoY), non-GAAP EPS of $1.89–$2.25, and gross margin of 58.5%–59.5%.
- Introduced a new target earnings model: at an ATE TAM of $12–$14 billion, Teradyne aims for ~$6 billion in revenue, 59%–61% gross margins, 27%–29% OpEx as % of revenue, and non-GAAP EPS of $9.50–$11.
8 hours ago
Teradyne reports Q4 2025 results
TER
Earnings
Guidance Update
Revenue Acceleration/Inflection
- $1,083 million in Q4 sales and $1.80 non-GAAP EPS, both above guidance
- AI demand drove >60% of Q4 revenue and is expected to drive >70% in Q1 2026
- SemiTest revenue of $883 million: SoC $647 M (+47% qoq) and memory $206 M (+61% qoq); product test $110 M; robotics $89 M
- Full-year 2025 revenue $3.2 billion (+13% yoy), non-GAAP EPS $3.96, free cash flow $450 million, and $785 million returned to shareholders
- Q1 2026 outlook: revenue $1.15 billion–$1.25 billion (75% yoy), non-GAAP EPS $1.89–$2.25, gross margin 58.5–59.5%, and operating profit rate 32%
8 hours ago
Teradyne announces Q4 2025 earnings results
TER
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Teradyne reported Q4 ’25 revenue of $1,083 million, up 41% sequentially and 44% YoY, marking the largest quarter of 2025.
- Non-GAAP EPS was $1.80, reflecting over 100% sequential growth and 89% YoY increase, exceeding guidance.
- All three segments (Semiconductor Test, Product Test, Robotics) delivered double-digit sequential revenue growth.
- For Q1 ’26, Teradyne guides revenue of $1.15–$1.25 billion and EPS of $1.89–$2.25, expecting another record quarter with over 70% AI-driven revenue.
11 hours ago
Teradyne reports Q4 and full year 2025 results
TER
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Revenue of $1.083 billion in Q4 2025, up 44% year-over-year and 41% sequentially, driven by strong AI-related demand in compute and memory.
- Full-year 2025 revenue of $3.19 billion, a 13% increase over 2024.
- Q4 2025 GAAP EPS of $1.63 and non-GAAP EPS of $1.80, both above the high end of guidance.
- Q4 revenues by segment: Semiconductor Test $883 million, Product Test $110 million, Robotics $89 million.
- Q1 2026 guidance: revenue $1.15 billion to $1.25 billion, GAAP EPS $1.82 to $2.19, non-GAAP EPS $1.89 to $2.25.
12 hours ago
Teradyne reports Q4 and full-year 2025 results
TER
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Teradyne achieved Q4’25 revenue of $1.083 billion, up 44% year-over-year, led by strong AI-related demand in compute and memory.
- Full-year 2025 revenue was $3.19 billion, marking 13% growth over 2024, with non-GAAP EPS of $3.96.
- In Q4’25, Teradyne delivered GAAP EPS of $1.63 and non-GAAP EPS of $1.80.
- For Q1 2026, the company guides revenue of $1.15–$1.25 billion, GAAP EPS of $1.82–$2.19, and non-GAAP EPS of $1.89–$2.25.
1 day ago
Teradyne outlines semiconductor test growth drivers at UBS 2025 Global Technology and AI Conference
TER
New Projects/Investments
- SemiTest SoC TAM is currently $6–$6.5 billion, with significant growth expected in 2027–2028 driven by data center capacity builds and rising silicon complexity, as advanced processes mature and require more test spend.
- GPU test qualification is in the final “correlation” phase with a major merchant GPU customer; Teradyne anticipates incremental share gains, targeting a long-term 30%–70% split in dual-source scenarios over the next 3–4 years.
- Mobile test complexity should rise in 2026, supported by 2 nm process nodes and wider memory bus widths (e.g., wafer-level packages), which increase test resource requirements per device and bolster tester usage.
- Cobot business will expand U.S. manufacturing in 2026 to serve a large e-commerce customer and meet on-shore demand, with multi-year rollout of warehouse automation expected through 2028.
- Memory wafer-level performance test (HBM) share climbed to ~50/50 versus Advantest from mid-2024 to end-2025, leveraging Teradyne’s Magnum 7H platform for high-performance HBM testing.
Dec 3, 2025, 12:35 AM
Teradyne outlines growth drivers at UBS 2025 Global Technology and AI Conference
TER
New Projects/Investments
- Teradyne sees its Semiconductor Test TAM at $6–6.5 billion this year, with most upside delayed into 2027–2028 as data-center compute programs ramp and increasing silicon complexity drives higher spend on test.
- Its GPU test qualification is in the late correlation phase, targeting small initial volumes in 2026 with broader ramps as more ASIC programs convert to a tester-agnostic flow over 3–4 years to reach a 30–70% dual-sourcing share range.
- In mobile, adoption of 2 nm logic and advanced memory packaging (e.g., wafer-level packages) will boost per-die tester resource needs, underpinning a more favorable mobile outlook for 2026.
- For Cobots, Teradyne is building a U.S. manufacturing facility to serve a major e-commerce customer and meet reshoring demand, with phased deployments in distribution centers from 2026 through 2028.
- In memory, its Magnum 7H wafer-level tester has grown from 0% to 50/50 share on HBM performance test, positioning it for further gains in HBM and DRAM markets.
Dec 3, 2025, 12:35 AM
Teradyne reports Q3 2025 results
TER
Earnings
Guidance Update
Share Buyback
- Q3 revenue was $769 M with non-GAAP EPS of $0.85, non-GAAP gross margin of 58.5%, OpEx of $293 M, and operating profit of 20.4%.
- Semiconductor test revenue reached $606 M (SoC $440 M, up 11% sequentially; memory $128 M, up 110% sequentially), while robotics sales were $75 M (Universal Robots $62 M; Mobile Industrial Robots $13 M).
- AI-driven demand powered an 18% sequential revenue increase and 49% non-GAAP EPS growth; memory test sales more than doubled, with 75% of memory revenue from DRAM.
- Q4 guidance calls for $920 M–$1 B in sales, 57%–58% gross margin, OPEX at 31%–33% of sales, and non-GAAP EPS of $1.20–$1.46 on 157 M diluted shares.
- In Q3, Teradyne repurchased $244 M of shares, paid $19 M in dividends, ended with $427 M in cash and marketable securities, and returned $575 M to shareholders YTD.
Oct 29, 2025, 12:30 PM
Teradyne reports Q3 2025 earnings
TER
Earnings
Guidance Update
CFO Change
- Third quarter revenue of $769 million, non-GAAP EPS of $0.85, and a non-GAAP gross margin of 58.5%.
- Semiconductor test revenue of $606 million (SoC $440 million, +11% q/q; memory $128 million, +110% q/q) and robotics revenue of $75 million, flat sequentially.
- Q4 guidance: revenue $920 million–$1 billion, non-GAAP EPS $1.20–$1.46, gross margin 57–58%, and operating expenses 31–33% of sales.
- Michelle Turner will become CFO on November 3, 2025, while current CFO Sanjay transitions to Executive Advisor.
Oct 29, 2025, 12:30 PM
Quarterly earnings call transcripts for TERADYNE.
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