Teradyne, Inc. (TER) Earnings Call Transcripts

Teradyne, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Teradyne, Inc. reported record revenue of over $1.3 billion, representing a year-over-year increase of over 100%. Non-GAAP EPS reached $2.47, up more than 300% year-over-year. Management highlighted strong AI-driven demand across all business segments, with guidance for Q3 revenue set between $1.2 billion and $1.3 billion, reflecting continued robust demand signals and a strengthened outlook for the second half of the year.

Reported metrics

Guidance from management

Management expects Q3 revenue in the range of $1.2 billion to $1.3 billion and non-GAAP EPS between $1.85 and $2.15, reflecting a strong outlook based on current customer order visibility.

What management said

So I think the supply disruption is definitely on the mind of everybody in this space that we're only as strong as the weakest link in our whole supply chain and our customers feel the same way that -- and that's one of the key things that's underpinning the drive towards a dual vendor strategy from players in the compute space. So they are working to qualify multiple test suppliers because they want to be sure that ...

Yes. So we certainly are seeing increased strength in CPU business. We definitely benefit more -- like as the share mix of server CPU shifts towards ARM that gives us a greater share gain opportunity right now. But we are working hard to try to gain share in the x86 space as well. But I think it's a fair assumption that if that market twists more towards ARM, that positions Teradyne for greater share gain in the comp...

What analysts pressed on

Analysts expressed concerns regarding the timing of market share gains in the compute segment, with management indicating that significant changes may not be evident until 2027. Additionally, there are worries about gross margin pressures due to product mix and ongoing challenges in the memory segment.

Main topics on the call

• Record Revenue Growth — Teradyne achieved record revenue of over $1.3 billion, up over 100% year-over-year. CEO Greg Smith stated, "AI was the driver" behind this growth, with AI-driven revenue accounting for more than 60% of total revenue.
• Strong Demand Across Segments — All three business groups—Semi Test, Product Test, and Robotics—experienced growth year-over-year and quarter-over-quarter. Smith noted, "This highlights the AI demand across all parts of the business."
• Guidance for Q3 — Management provided guidance for Q3 revenue in the range of $1.2 billion to $1.3 billion and non-GAAP EPS of $1.85 to $2.15. This guidance reflects a strong outlook based on current customer order visibility.
• Growth in Memory and Compute — Memory demand is expected to grow significantly, with the 2026 memory TAM projected to be over 40% larger than in 2025. Compute revenue grew nearly 600% year-over-year, driven by AI-related demand.

Read the full Teradyne, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 41 Teradyne, Inc. earnings call transcripts on record, spanning January 23, 2020 to July 29, 2026. Based on this history, Teradyne, Inc. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TER

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

41

First call

January 23, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly