Teradyne reported second-quarter 2026 revenue of $1,329.0 million and GAAP net income attributable to Teradyne of $374.5 million, or $2.38 per diluted share. On a non-GAAP basis, net income was $389.0 million, or $2.47 per diluted share. The company said semiconductor test drove record Memory revenue and all three business groups expanded year over year.

Financial Highlights

  • Revenue: $1,329.0 million for Q2 2026 (company-reported).
  • Gross profit (GAAP): $794.6 million; gross margin reported at 59.8% for Q2 2026.
  • Income from operations (GAAP): $437.8 million (32.9% of net revenues) for Q2 2026.
  • Net income attributable to Teradyne (GAAP): $374.5 million; diluted EPS $2.38 for Q2 2026.
  • Net income attributable to Teradyne (non-GAAP): $389.0 million; non-GAAP diluted EPS $2.47 for Q2 2026.

Business Highlights

  • Record Memory revenue driven by continued strength in DRAM and a resurgence in NAND final test.
  • Segment mix for Q2 2026: Semiconductor Test $1,122 million, Product Test $107 million, Robotics $100 million.
  • Management noted year-on-year market expansion across all three business groups (Semiconductor Test, Product Test, Robotics).
  • Company guidance for Q3 2026 reflects robust AI-related demand and projects revenue of $1,200 million to $1,300 million.
  • Outlook commentary: management cites rising wafer fab equipment investment as a tailwind for continued growth into 2027 and beyond.

Original SEC Filing:

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