Companies /Technology

Teradyne Inc

NASDAQ: TER Semiconductor Equipment & Materials

Q4 2025 Earnings

Reported Feb 3, 2026, 6:01am ET · SEC source
$1.80
Beat +30.43%
EPS · est. $1.38
$1.1B
Beat +11.81%
Revenue · est. $968.9M
+11.3%
Beating market
TER vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−15%−10%−5%0Feb 3Feb 4report 6:01am ETearnings−1.4%−12.1%
−15%−10%−5%0Feb 3Feb 4earnings−1.4%−12.1%
TER −12.1%S&P 500 −1.4%
−15%−10%−5%0Feb 3Feb 4report 6:01am ETearnings−3.6%−12.1%
−15%−10%−5%0Feb 3Feb 4earnings−3.6%−12.1%
TER −12.1%NASDAQ −3.6%
−21%−14%−7%0Feb 2Feb 11report 6:01am ETearnings−0.5%+0.9%
−21%−14%−7%0Feb 2Feb 11earnings−0.5%+0.9%
TER +0.9%S&P 500 −0.5%
−21%−14%−7%0Feb 2Feb 11report 6:01am ETearnings−2.6%+0.9%
−21%−14%−7%0Feb 2Feb 11earnings−2.6%+0.9%
TER +0.9%NASDAQ −2.6%
−4.92%
Day of report
+0.77%
Next session
+19.47%
One week
+10.17%
30 days

S&P 500 over the same 30 days: −1.15%.

Did TER Beat Earnings? Q4 2025 Results

Teradyne delivered a blowout fourth quarter, with AI-driven semiconductor demand powering results well ahead of expectations on both the top and bottom lines. The test-and-automation giant posted Q4 2025 revenue of $1.08 billion, up 43.9% year-over-year, comfortably ahead of the $968.88 million consensus estimate; non-GAAP EPS of $1.80 beat the $1.38 Wall Street forecast by 30.43%, nearly doubling the $0.95 reported in the year-ago period. The primary catalyst was a surge in AI-related demand for compute, networking, and memory testing, with the Semiconductor Test segment alone contributing $883 million to quarterly revenue. Non-GAAP operating margin expanded sharply to 29%, up from 21.7% in Q4 2024, reflecting the operating leverage unlocked by that volume. <a href="https://247wallst.com/investing/2026/02/02/live-earnings-will-teradyne-beat-q4-earnings/">Shares had already surged roughly 88%</a> in the three months heading into the print, and management's Q1 2026 guidance of $1.15 billion to $1.25 billion in revenue with non-GAAP EPS of $1.89 to $2.25 suggests the AI-fueled momentum is far from exhausted.

Key Takeaways
  • Strong AI-related demand in compute, networking, and memory within Semiconductor Test
  • Sequential growth across all business segments (Semi Test, Product Test, Robotics)
  • Q4 revenue and earnings above the high end of guidance range
  • 44% year-over-year revenue growth in Q4 and 13% full-year revenue growth

“Our Q4 results were above the high end of our guidance range, fueled by AI-related demand in compute, networking and memory within our Semi Test business. Across all of our business groups – Semi Test, Product Test, and Robotics – we experienced sequential growth, and at the company level we achieved 13% growth in 2025.”

Teradyne CEO, on the earnings call

Forward Guidance & Outlook

For Q1 2026, Teradyne guides revenue of $1,150 million to $1,250 million, GAAP EPS of $1.82 to $2.19, and non-GAAP EPS of $1.89 to $2.25. Management expects year-over-year growth across all business segments in 2026, with strong momentum in compute driven by AI demand.

TER YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$300.0M$600.0M$900.0M$752.9M$1.1BRevenue$447.3M$619.7MGross Profit$153.6M$293.2MOperating Income$146.3M$257.2MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income

TER Revenue by Segment

Semiconductor Test$883.0M
Product Test$110.0M
Robotics$89.0M

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