Teradyne reported third quarter 2026 revenue of $1.31 billion, a 70% increase year-over-year that exceeded the high end of management's guidance. Growth was primarily driven by record sales in memory and integrated systems testing as demand expanded across the AI value chain.
Key Highlights
- Semiconductor Test revenue reached $1.07 billion, bolstered by significant demand for AI-related compute and memory components.
- Non-GAAP earnings grew over 150% from the prior year to $2.29 per diluted share, benefiting from higher volume and operational leverage.
- Robotics revenue hit a third-quarter record of $96 million and achieved operational profitability during the period.
- Fourth quarter 2026 revenue guidance is projected between $1.25 billion and $1.35 billion.