Q3 25 EPS
$0.85
BEAT +7.59%
Est. $0.79
Q3 25 Revenue
$769.2M
BEAT +3.41%
Est. $743.9M
vs S&P Since Q3 25
+114.7%
BEATING MARKET
TER +124.0% vs S&P +9.3%
Market Reaction
Did TER Beat Earnings? Q3 2025 Results
Teradyne delivered a convincing beat across the board in Q3 2025, with revenue of $769.21 million topping the $743.85 million consensus by 3.41% and non-GAAP EPS of $0.85 clearing the $0.79 estimate by 7.45%, capping a quarter that arrived at the hig… Read more Teradyne delivered a convincing beat across the board in Q3 2025, with revenue of $769.21 million topping the $743.85 million consensus by 3.41% and non-GAAP EPS of $0.85 clearing the $0.79 estimate by 7.45%, capping a quarter that arrived at the high end of guidance. The primary engine was the Semiconductor Test segment, which generated $606.00 million in revenue as surging demand for AI-driven System-on-a-Chip test solutions and memory test systems drove volume well above internal targets. Year-over-year revenue growth came in at 4.3%, a measured but steady pace that belies the sharper acceleration management is now projecting. Q4 guidance tells the larger story, with Teradyne forecasting revenue of $920 million to $1.00 billion, roughly 27% above the year-ago quarter, and non-GAAP EPS of $1.20 to $1.46, as CEO Greg Smith cited broad-based AI test demand spanning compute, networking, and memory as the catalyst for that expected sequential surge.
Key Takeaways
- • Semiconductor Test Group exceeded expectations, driving sales and profit to high end of Q3 guidance
- • Growth driven primarily by SOC solutions for artificial intelligence applications
- • Strong performance in memory test
- • AI-related demand in Compute and Memory expected to grow in Q4 2025
TER YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
TER Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our Semiconductor Test Group delivered third quarter sales that exceeded expectations, driving company sales and profit to the high end of our Q3 guidance range. Growth was driven primarily by System-on-a-Chip (SOC) solutions for artificial intelligence applications and strong performance in memory. As we look ahead to Q4, AI-related test demand remains robust across compute, networking and memory segments. Q4'25 sales are expected to increase 25% sequentially and 27% from Q4'24.”
— Greg Smith, Q3 2025 Earnings Press Release
TER Earnings Trends
TER vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TER EPS Trend
Earnings per share: estimate vs actual
TER Revenue Trend
Quarterly revenue: estimate vs actual
TER Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.12 | $2.56 | +20.75% | $1.28B | +5.56% |
| Q4 25 BEAT FY | $1.38 | $1.80 | +30.43% | $1.08B | +11.81% |
| FY Full Year | $3.52 | $3.96 | +12.56% | $3.19B | +3.72% |
| Q3 25 BEAT | $0.79 | $0.85 | +7.59% | $769.2M | +3.41% |
| Q2 25 BEAT | $0.50 | $0.57 | +14.00% | $651.8M | +0.16% |
| Q1 25 BEAT | $0.62 | $0.75 | +20.97% | $685.7M | +0.75% |