Teradyne, Inc. (TER) Earnings Call Transcripts

Teradyne, Inc.'s Latest Earnings Call - Q3 FY2026

In the third quarter of 2026, Teradyne, Inc. reported total revenue of $1.3 billion, reflecting a significant 70% year-over-year increase, and non-GAAP EPS of $2.29, up over 150% year-over-year. The strong performance was driven primarily by AI demand across all business segments, with AI-related revenue now representing over 60% of total revenue. Management maintained a positive outlook for the fourth quarter, expecting revenue between $1.25 billion and $1.35 billion and non-GAAP EPS of $1.95 to $2.25, signaling continued growth momentum into 2027.

Reported metrics

Guidance from management

For Q4 2026, Teradyne expects revenue between $1.25 billion and $1.35 billion and non-GAAP EPS of $1.95 to $2.25, maintaining a positive outlook for continued growth into 2027.

What management said

You missed [indiscernible]. You said 51.1%. I think you meant [ 59.1% ]. Just want to make sure that, that doesn't stay out in the atmosphere. But I completely agree with what you said that there are kind of, I'd say, equal up and down forces in terms of gross margin going into 2027.

Yes. And the only other thing I would add, C.J., in terms of Q4 and comparative to Q3, and Greg referenced kind of the continued growth in memory. And we certainly expect that. We do expect though, that Q3 was the record quarter within 2026. So we think there's a bit of a digestion period, although it's going to continue to grow from Q4 of last year. We expect that compute was at its lowest within Q3. And so we expec...

What analysts pressed on

Analysts raised concerns about the potential for inventory build impacting future demand and the timing of customer orders. There were questions regarding the sustainability of growth rates and how the company plans to navigate potential supply chain constraints in the coming quarters.

Main topics on the call

• AI-Driven Revenue Growth — AI was the primary driver of Teradyne's growth, with AI-driven revenue accounting for more than 60% of total revenue. CEO Greg Smith stated, "AI was the driver again this quarter," highlighting its impact across all busi...
• Strong Performance in Semiconductor Test — The Semiconductor Test segment generated over $1 billion in revenue, a 77% increase from Q3 2025. Michelle Turner noted, "Our Semi Test team once again cleared $1 billion in revenue," indicating robust demand in this are...
• Record Memory Business Revenue — Memory revenue reached a record $301 million, driven by strong demand for HBM and DRAM test solutions. Turner remarked, "This represents our fourth consecutive quarter of revenue over $200 million," underscoring the segm...
• Robotics Segment Growth — Robotics revenue grew to $96 million, up 28% year-over-year, achieving its highest third-quarter revenue ever. The segment's growth is attributed to AI-related demand and partnerships with industry leaders.

Read the full Teradyne, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 43 Teradyne, Inc. earnings call transcripts on record, spanning January 23, 2020 to October 28, 2026. Based on this history, Teradyne, Inc. reports quarterly. The most recent call on file is dated October 28, 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

43

First call

January 23, 2020

Most recent

October 28, 2026

Reporting cadence

quarterly