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.
8 questions for TER
Also covers: AEIS, AMAT, CAMT +8 more
SC
Samik Chatterjee
JPMorgan Chase & Co.
8 questions for TER
Also covers: AAPL, ANET, APH +33 more
Timothy Arcuri
UBS
8 questions for TER
Also covers: ADI, ALGM, AMAT +18 more
MH
Mehdi Hosseini
Susquehanna Financial Group
7 questions for TER
Also covers: AEIS, ALAB, AMAT +21 more
DD
David Duley
Steelhead Securities LLC
5 questions for TER
Also covers: ACLS, AEIS, COHU +5 more
Shane Brett
Morgan Stanley
5 questions for TER
Also covers: AMAT, CAMT, KLAC +2 more
JS
Jim Schneider
Goldman Sachs
4 questions for TER
Also covers: ACN, ADI, AMAT +32 more
VS
Vedvati Shrotre
Evercore ISI
4 questions for TER
Also covers: CAMT, FORM, NVMI +1 more
VA
Vivek Arya
Bank of America Corporation
4 questions for TER
Also covers: ADI, ALAB, ALGM +25 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
KS
Krish Sankar
TD Cowen
3 questions for TER
Also covers: AAPL, AEIS, AMAT +22 more
SS
Sreekrishnan Sankarnarayanan
Wolfe Research, LLC
3 questions for TER
Also covers: AAPL, AEIS, AMAT +21 more
CJ
C J Muse
Tanner Fitzgerald
2 questions for TER
Also covers: AMD, ASML, KLAC +3 more
Stephen
TD Cowen
2 questions for TER
Also covers: OBK, ZYME
TH
Toshiya Hari
Goldman Sachs Group, Inc.
2 questions for TER
Also covers: AMAT, AMD, AMKR +17 more
AM
Atif Malik
Citigroup Inc.
1 question for TER
Also covers: AAPL, ALAB, AMAT +12 more
AR
Auguste Richard
Northland Capital Markets
1 question for TER
Also covers: AIP, AMBA, BURU +12 more
DD
Dave Duley
Steelhead Securities
1 question for TER
Also covers: KLIC
GR
Gus Richard
Northland Capital Markets
1 question for TER
Also covers: AIP, AMBA, CAMT +9 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 +29 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 highlights AI-driven semiconductor test demand growth
TER
Revenue Acceleration/Inflection
- Teradyne reports a massive increase in test intensity driven by AI compute in both memory (HBM) and SoC (AI accelerators), pushing semiconductor test TAM above historical levels.
- The company plans merchant GPU tester qualification in H1 2026, targeting low-single-digit share in H2 2026 and a path to ~30% via fast-follower and tester-agnostic development.
- In HBM DRAM, Teradyne holds >50% wafer stack test share and strong final-test positions, with TAM expansion tied to higher stack heights and evolving HBM standards.
- HDD system-test demand has inflected with a third major customer win, while SSD front-end investments remain muted despite rising data-center flash capacity needs.
- Management expects a front-half weighted 2026 revenue profile amid limited second-half visibility in an extended multi-quarter semiconductor test boom.
2 days ago
Teradyne highlights AI-driven test market expansion and TAM growth
TER
Revenue Acceleration/Inflection
- The semiconductor test market reached $9 billion in 2025, surpassing a 1% buy rate relative to the semiconductor industry, driven by rising capital intensity in AI compute (memory HBM and AI accelerators).
- The current AI-driven cycle is broader and more durable than the 2020–2021 mobile surge, with multi-year data-center build timelines into 2027 and future waves from co-packaged optics and edge AI.
- Teradyne’s long-term model targets $6 billion in revenue supported by an ATE TAM of $12–14 billion, with compute representing about $8 billion of that TAM.
- In compute, Teradyne holds a strong position in networking, ~50% share in hyperscaler ASIC (“VIP”) compute, and is on track for merchant GPU tester qualification in H1 2026 with production revenue and low single-digit share in H2 2026, aiming for up to 30% share over time.
- Memory and storage test intensity is rising: Teradyne has >50% share in HBM stack testing and strong DRAM final-test positions, sees an inflection in HDD testing with a new customer win, while SSD test demand has yet to meaningfully pick up.
2 days ago
Teradyne outlines robust AI-driven test demand and H1-weighted 2026 outlook
TER
Guidance Update
- Teradyne expects the semiconductor test market to expand beyond the COVID-era mobile boom, with AI compute and high-margin memory (HBM, AI accelerators) driving record-high test intensity amid multi-year data center CAPEX cycles.
- The company leads in networking test, holds ~50% share in hyperscaler ASIC (VIP compute), and >50% in HBM stack wafer test; merchant GPU tester qualification is on track for H1 2026, with first production revenue in H2 2026 (low single-digit share).
- DRAM test is evolving from commoditized wafer sort to differentiated stack and performance testing; Teradyne’s share exceeds 50% in post-stack wafer test, with new standards (HBM3→4E) and stack heights driving TAM.
- HDD testing demand has inflected as installed capacity fills and a new third customer in system test boosts share; SSD front-end investment lags data center flash capacity growth, suggesting potential TAM upside.
- 2026 demand is first-half weighted driven by limited second-half visibility and front-loaded capacity adds, within a multi-quarter cycle peaking in Q2 2026.
2 days ago
Teradyne posts Q4 beat, ups Q1 guidance
TER
Earnings
Guidance Update
New Projects/Investments
- Teradyne delivered $1.083 billion in Q4 revenue and $1.80 non-GAAP EPS, materially above Street expectations.
- Management guided Q1 revenue to $1.15–1.25 billion and adjusted EPS to $1.89–$2.25, reflecting continued AI-driven demand.
- Shares rallied, climbing roughly 13% to $282.98 in after-hours trading on heavy volume as investors viewed the results as an early indicator of chip production ramps.
- The company formed a joint venture with MultiLane to develop high-speed data-link testing for AI data centers, extending its addressable market beyond chip-level test gear.
Feb 3, 2026, 9:04 PM
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
Feb 3, 2026, 1:30 PM
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%
Feb 3, 2026, 1:30 PM
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.
Feb 3, 2026, 1:30 PM
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.
Feb 3, 2026, 1:30 PM
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.
Feb 3, 2026, 11:01 AM
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.
Feb 2, 2026, 9:30 PM
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