Companies /Technology
Teradyne Inc
NASDAQ: TER Semiconductor Equipment & Materials
$313.75
▲ $4.90 (+1.59%) today
Markets open · 11:08am ET

Teradyne (TER) Q2 2026 Earnings

Reported Jul 29, 2026, 6:00am ET · SEC source
$2.47
Beat +21.08%
EPS · est. $2.05
$1.3B
Beat +8.63%
Revenue · est. $1.2B
−7.7%
Trailing market
TER vs S&P since report
6 quarters
Consecutive EPS beats

How Did TER Stock React to Q2 2026 Earnings?

% change · around the report
−10%−5%0+5%Jul 29Jul 30report 6:00am ETearnings−0.6%+4.3%
−10%−5%0+5%Jul 29Jul 30earnings−0.6%+4.3%
TER +4.3%S&P 500 −0.6%
−10%−5%0+5%Jul 29Jul 30report 6:00am ETearnings+0.5%+4.3%
−10%−5%0+5%Jul 29Jul 30earnings+0.5%+4.3%
TER +4.3%NASDAQ +0.5%
−9%0+9%+18%Jul 28Aug 6report 6:00am ETearnings+3.9%+13.1%
−9%0+9%+18%Jul 28Aug 6earnings+3.9%+13.1%
TER +13.1%S&P 500 +3.9%
−9%0+9%+18%Jul 28Aug 6report 6:00am ETearnings+5.6%+13.1%
−9%0+9%+18%Jul 28Aug 6earnings+5.6%+13.1%
TER +13.1%NASDAQ +5.6%
+14.43%
Day of report
+0.60%
Next session
+5.31%
One week
−4.28%
30 days

S&P 500 over the same 30 days: +3.42%.

Did TER Beat Earnings? Q2 2026 Results

Yes. Teradyne reported Q2 2026 earnings of $2.47 a share on Jul 29, 2026, beating the $2.05 consensus estimate by 20.3%. Revenue was $1.3B against a $1.2B estimate.

Teradyne delivered a blowout second quarter, posting adjusted EPS of $2.47 against a consensus estimate of $2.04, a beat of 21.08% that extended the company's streak of topping consensus EPS estimates to five consecutive quarters. Revenue of $1.33 billion surged 103.9% year over year, with the Semiconductor Test segment serving as the overwhelming engine of that growth, generating $1.12 billion on its own as record Memory test demand, fueled by DRAM strength and a rebound in NAND final test activity, drove volumes well above expectations. Gross margins expanded to 59.8% from 57.2% a year ago, reflecting the operating leverage that comes with a revenue base that has effectively doubled. Shares jumped roughly 13% following the report as investors responded to both the results and a forward outlook that held up: Q3 2026 guidance calls for revenue of $1.20 billion to $1.30 billion and non-GAAP EPS of $1.85 to $2.15, with CEO Greg Smith citing robust AI-related demand and accelerating wafer fab equipment investment as underpinnings for continued growth into 2027.

Key Takeaways
  • Record Memory revenue driven by continued DRAM strength and NAND final test resurgence
  • AI-related demand driving semiconductor test equipment growth
  • Year-on-year market expansion across all three business groups
  • Revenue up 104% and earnings up over 300% year-over-year

“Our strategy to capture test and robotics opportunities from wafer to AI data center has driven another record quarter. This strength became evident in the year-on-year market expansion for all three of our business groups. In the short term, our Q3 guidance reflects robust AI-related demand. Looking further ahead, rapid increase in wafer fab equipment investment sets the stage for continued growth in 2027 and beyond.”

Teradyne CEO, on the earnings call

What Is Teradyne's Outlook?

Q3 2026 guidance calls for revenue of $1,200 million to $1,300 million, GAAP EPS of $1.79 to $2.09, and non-GAAP EPS of $1.85 to $2.15. CEO Greg Smith noted robust AI-related demand underpinning near-term results, while rapid increases in wafer fab equipment investment set the stage for continued growth in 2027 and beyond.

TER YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$400.0M$800.0M$1.2B$651.8M$1.3BRevenue$373.0M$794.6MGross Profit$90.7M$437.8MOperating Income$78.4M$374.5MNet Income
$0$400.0M$800.0M$1.2BRevenueGross ProfitOperating IncomeNet Income
TER income statement, Q2 2026 versus Q2 2025
Metric Q2 2026 Q2 2025 Year over year
Revenue $1.3B $651.8M +103.9%
Gross Profit $794.6M $373.0M +113.0%
Operating Income $437.8M $90.7M +382.5%
Net Income $374.5M $78.4M +377.9%

TER Revenue by Segment

Semiconductor Test$1.1B+128.0%
Product Test$107.0M+25.9%
Robotics$100.0M+33.3%

When Does Teradyne Report Next?

Expected report date
After the close
Release timing

Figures from SEC filings and company reports. Not investment advice.