Teradyne Reports Record Q2 Revenue Driven by AI Demand
Teradyne (NASDAQ:TER) reported record second-quarter revenue of over $1.3 billion in July 2026, driven primarily by strong demand from the artificial intelligence sector. Non-GAAP earnings per share reached $2.47, a more than 300% increase year-over-year. AI-related sales accounted for over 60% of total revenue across its Semiconductor Test, Product Test, and Robotics segments. The company's Semiconductor Test business exceeded $1 billion in quarterly revenue for the second consecutive quarter, with system-on-chip (SoC) and memory testing leading growth. Compute demand surged nearly 600%, while robotics revenue rose by 33% year-over-year due to automation needs tied to data centers and reshoring efforts. Teradyne expects Q3 revenue between $1.2 billion and $1.3 billion, with non-GAAP EPS in the range of $1.85 to $2.15. Management anticipates continued growth across memory, automotive, industrial testing, and robotics segments for the remainder of 2026.
Tickers: $TER
Topics: AI non-GAAP earnings revenue growth robotics semiconductor test