Teradyne (TER) Q3 2026 Earnings
How Did TER Stock React to Q3 2026 Earnings?
Did TER Beat Earnings? Q3 2026 Results
Yes. Teradyne reported Q3 2026 earnings of $2.29 a share on Oct 28, 2026, beating the $2.05 consensus estimate by 11.7%. Revenue was $1.3B against a $1.3B estimate.
Teradyne delivered a standout third quarter of fiscal 2026, posting adjusted non-GAAP EPS of $2.29, beating the $2.05 consensus by 11.68%, and extending its streak of consecutive EPS beats to six quarters. Revenue of $1.31 billion topped estimates by 3.47% and surged 69.8% from $769.21 million in the year-ago period, powered by record performance in Memory and Integrated Systems Test as AI-driven demand rippled across the full semiconductor ecosystem, from memory and hard disk drive test to high-speed interconnect. The Semiconductor Test segment alone contributed $1.07 billion of that top line, while the Robotics division reached profitability and delivered its strongest third-quarter revenue yet, a meaningful signal for a segment that underwent restructuring just a year ago. Non-GAAP operating margin expanded sharply to 31.6% from 20.4%, reflecting considerable operating leverage on the higher revenue base. Despite the strong print, shares fell roughly 6.6% following the announcement. Looking ahead, Teradyne guided Q4 revenue of $1.25 billion to $1.35 billion, with non-GAAP EPS of $1.95 to $2.25, as CEO Greg Smith pointed to diversified growth engines across test and robotics heading into 2027.
- Record revenue in Memory and Integrated Systems Test driven by AI demand
- Demand extended across the AI value chain from memory and HDD test to high-speed interconnect and robotics
- Revenue up 70% year-over-year
- Earnings up over 150% year-over-year
- Robotics achieved profitability and highest third quarter revenue
- Results exceeded the high end of Q3 guidance
“Our wafer to data center strategy and the breadth of our portfolio sustained positive momentum in Q3. Demand extended across the AI value chain, from memory and hard disk drive test to high-speed interconnect and robotics, driving results above the high end of our guidance. With multiple growth engines across test and robotics, we approach 2027 with a more diversified business and an expanding set of opportunities.”
Teradyne CEO, on the earnings call
What Is Teradyne's Outlook?
For Q4 2026, Teradyne guided revenue of $1,250 million to $1,350 million, with GAAP EPS of $1.88 to $2.18 per diluted share and non-GAAP EPS of $1.95 to $2.25 per diluted share. Non-GAAP guidance excludes acquired intangible asset amortization and amortization on the Technoprobe investment. CEO Greg Smith expressed optimism heading into 2027, citing multiple growth engines across test and robotics and a more diversified business with expanding opportunities.
TER YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.3B | $769.2M | +69.8% |
| Gross Profit | $771.3M | $449.3M | +71.7% |
| Operating Income | $402.0M | $145.3M | +176.6% |
| Net Income | $342.4M | $119.6M | +186.4% |
TER Revenue by Segment
When Does Teradyne Report Next?
Figures from SEC filings and company reports. Not investment advice.