Key Takeaways Teradyne's Semiconductor Test sales jumped 128% year over year to $1.12B in Q2 2026. New UltraFLEXplus tools target AI and data-center digital, PCIe Gen6 and high-power test needs. Teradyne expects Q3 revenues of $1.20-$1.30B as AI demand supports UltraFLEXplus adoption. Teradyne (TER - Free Report) is benefiting from accelerating artificial intelligence (AI)-driven semiconductor test demand, particularly across high-performance compute, networking, and advanced memory applications, positioning the company as a formidable player against KLA (KLAC - Free Report) and Cohu (COHU - Free Report) . The company’s growing demand for its UltraFLEXplus system, which is designed to address the complex testing requirements of high-performance processors and networking devices, has been noteworthy. UltraFLEXplus enables customers to reduce test development time, driving higher-efficiency volume production.
Building on this momentum, Teradyne recently launched three new instruments for its UltraFLEXplus semiconductor test platform to address growing AI and data-center computing requirements. The UltraPin5000-EM offers expanded vector memory and faster pattern loading for complex AI devices, while UltraPort-PCIe6 supports PCIe Gen6 testing at 64 Gbps across 32 lanes. The UltraVS64-HP delivers up to 1,280 amps per instrument to test increasingly power-intensive compute devices. Together, the products expand UltraFLEXplus capabilities across advanced digital, high-speed interface and power testing, supporting semiconductor manufacturers from wafer probe through final device validation.
The UltraFLEXplus system has proven to be a key driver in boosting the Semiconductor Test business. In the second quarter of 2026, Teradyne delivered a remarkable 128% year-over-year growth in its Semiconductor Test business, contributing $1.12 billion out of the company’s total $1.3 billion in sales. This segment alone accounted for 84% of total sales.
The growing demand for AI-driven applications, particularly in data centers, is expected to continue driving the adoption of UltraFLEXplus. The strong demand for UltraFLEXplus is likely to support top-line growth, strengthening Teradyne’s competitive position against KLA and Cohu in the semiconductor test market. For the third quarter of 2026, Teradyne expects revenues in the range of $1.20-$1.30 billion.
How Competitors Fare Against TERTeradyne is facing stiff competition from companies such as KLA and Cohu. Both companies are expanding their footprint in the AI space.
KLA is benefiting from the growing demand for AI through its leadership in process control and its ability to address growth markets in wafer fab equipment, including high-bandwidth memory and advanced packaging.
In May 2026, Cohu received approximately $5 million in multiple orders for its Diamond X platform from a leading semiconductor manufacturer. The systems will support testing of next-generation GaN power devices for AI data centers, strengthening Cohu’s position in AI infrastructure and high-efficiency power semiconductor testing.
TER’s Share Price Performance, Valuation and EstimatesTeradyne shares have surged 84.4% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s growth of 18.2% and the Zacks Electronics - Miscellaneous Products increase of 37.5%.
TER Stock Performance
Image Source: Zacks Investment Research
TER stock is trading at a premium with a forward 12-month Price/Sales of 9.75X compared with the Computer & Technology sector’s 6.11X. TER has a Value Score of F.
TER's Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for fiscal 2026 earnings is pegged at $9.10 per share, which has been unchanged over the past 30 days. This suggests 129.80% year-over-year growth.
Teradyne currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
California State Teachers Retirement System ve 2. čtvrtletí zvýšil podíl v Teradyne o 46 425,7 % a drží 73,94 % společnosti. Teradyne zároveň oznámila EPS 2,47 USD a tržby 1,33 miliardy USD, obojí nad odhady.
California State Teachers Retirement System raised its position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 46,425.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,598,569 shares of the company’s stock after acquiring an additional 115,350,107 shares during the period. California State Teachers Retirement System owned approximately 73.94% of Teradyne worth $55,931,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Carolina Wealth Advisors LLC grew its stake in shares of Teradyne by 42.5% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock worth $55,000 after buying an additional 34 shares in the last quarter. Vestor Capital LLC lifted its holdings in shares of Teradyne by 15.4% in the 1st quarter. Vestor Capital LLC now owns 285 shares of the company’s stock valued at $85,000 after acquiring an additional 38 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Teradyne by 5.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock valued at $352,000 after acquiring an additional 40 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Teradyne by 1.8% in the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after acquiring an additional 40 shares during the last quarter. Finally, Stephens Inc. AR grew its position in Teradyne by 1.2% in the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Teradyne In related news, CEO Gregory Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.
Wall Street Analysts Forecast Growth TER has been the topic of several analyst reports. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. UBS Group lifted their target price on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Evercore reissued an “outperform” rating and set a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. Bank of America increased their price target on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Robert W. Baird restated a “neutral” rating and issued a $420.00 price target on shares of Teradyne in a research report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $396.80. Get Our Latest Stock Analysis on TER
Teradyne Stock Performance NASDAQ TER opened at $357.03 on Monday. The company’s 50-day moving average price is $370.59 and its 200-day moving average price is $358.35. The stock has a market cap of $55.82 billion, a PE ratio of 48.98, a PEG ratio of 0.72 and a beta of 1.78. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91.
Teradyne (NASDAQ:TER – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $0.57 EPS. The firm’s revenue was up 103.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current year.
Teradyne Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is 7.13%.
Teradyne Company Profile (Free Report)
Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.
The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.
Recommended Stories Five stocks we like better than Teradyne AI Token Costs Are Changing the Hardware vs. Software Debate 3 ETFs That Could Move as Rate Expectations Shift 3 Stocks With September Catalysts Investors Shouldn’t Ignore Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER – Free Report).
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Teradyne za měsíc klesl o 15,4 %, ale více než 60 % jeho tržeb za 2. čtvrtletí 2026 bylo poháněno AI. Firma pro 3. čtvrtletí 2026 očekává tržby 1,20–1,30 mld. USD a non-GAAP EPS 1,85–2,15 USD.
Key Takeaways Teradyne stock lost 15.4% in a month amid customer concentration, timing, mobile and margin pressures. AI demand fueled more than 60% of Teradyne's Q2 revenues, strengthening data-center prospects. Teradyne expects Q3 revenues of $1.20-$1.30B and non-GAAP EPS of $1.85-$2.15. Teradyne (TER - Free Report) shares have plummeted 15.4% over the past month, underperforming the Zacks Computer & Technology sector and the Zacks Electronics - Miscellaneous Products industry’s 2.4% and 12.9% decreases, respectively.
TER shares have also underperformed its peers, which include Vertiv (VRT - Free Report) , Cohu (COHU - Free Report) and KLA Corporation (KLAC - Free Report) . The companies are also expanding their footprint in the AI infrastructure space. Vertiv, Cohu and KLA shares have lost 4.9%, 13.4% and 11.9%, respectively, over the past month.
The underperformance can be attributed to customer concentration, program timing, muted mobile demand, memory-driven margin dilution, higher operating spending and currency exposure.
TER Stock Performance
Image Source: Zacks Investment Research
Despite these headwinds, Teradyne is benefiting from strong AI-related demand, which is driving significant investments in cloud AI build-out as customers accelerate production of a wide range of AI accelerators, networking, memory and power devices. These factors are helping Teradyne fend off competitors such as Vertiv, Cohu and KLA.
Teradyne Rides on Strong Datacenter GrowthTeradyne is benefiting from accelerating AI-driven data-center investments, which are expanding demand across semiconductor test, networking, storage, product test and robotics. This momentum is strengthening Teradyne’s prospects in the broader data-center infrastructure ecosystem. More than 60% of Teradyne’s second-quarter 2026 revenues were AI-driven, underscoring the success of its wafer-to-AI-data-center strategy.
A key driver of Teradyne’s momentum is the acceleration in semiconductor capital expenditures, especially in wafer fabrication equipment (WFE). As WFE CapEx is forecasted to approach $250 billion by the end of the decade, this is expected to drive 5% to 10% annual growth in wafer production and 15% to 20% compound annual growth in total transistor production. The increase in wafer and transistor production directly boosts demand for automated test equipment.
Teradyne’s leadership in both SOC and memory test solutions, especially for high-bandwidth memory (HBM) and DRAM, ensures it is well-placed to capitalize on this growth. The company’s memory business also saw revenues exceed $200 million for the third consecutive quarter in the second quarter of 2026, driven by strong demand for HBM and DRAM and a revival in NAND testing.
Growth is being reinforced by Quantifi Photonics and the Multilane Test Products JV, which expand Teradyne’s exposure to optical and high-speed interconnect testing. The company expects the Co-Packaged Optics testing market alone to reach $300-$700 million by 2028. Robotics is also benefiting as AI data-center construction boosts automation demand in electronics manufacturing and semiconductor production.
Teradyne Rides on Strong UltraFLEXplus DemandTeradyne is benefiting from the growing demand for its UltraFLEXplus system, which has been specifically designed to address the complex testing requirements of high-performance processors and networking devices. UltraFLEXplus enables customers to reduce test development times, driving up high-efficiency volume production.
Teradyne’s expanding portfolio has been noteworthy. The company recently launched three new instruments for its UltraFLEXplus semiconductor test platform to address growing AI and data-center computing requirements. The UltraPin5000-EM offers expanded vector memory and faster pattern loading for complex AI devices, while UltraPort-PCIe6 supports PCIe Gen6 testing at 64 Gbps across 32 lanes.
The UltraVS64-HP delivers up to 1,280 amps per instrument to test increasingly power-intensive compute devices. Together, the products expand UltraFLEXplus capabilities across advanced digital, high-speed interface and power testing, supporting semiconductor manufacturers from wafer probe through final device validation.
TER Initiates Positive Q3 GuidanceTeradyne’s expanding portfolio and strong demand for AI-related applications are expected to drive the company’s top-line growth.
For the third quarter of 2026, Teradyne expects revenues in the range of $1.20-$1.30 billion. The Zacks Consensus Estimate for third-quarter 2026 revenues is pegged at $1.27 billion, suggesting a 64.67% year-over-year increase.
For the third quarter, the company’s non-GAAP earnings are expected to be between $1.85 and $2.15 per share. The consensus mark for earnings is pegged at $2.03 per share, which has been unchanged over the past 30 days. This indicates growth of 138.82% on a year-over-year basis.
TER Trades at a PremiumTeradyne shares are currently overvalued, as suggested by its Value Score of D.
Teradyne stock is trading at a premium with a forward 12-month Price/Sales of 9.35X compared with the Computer & Technology sector’s 6.03X.
TER's Valuation
Image Source: Zacks Investment Research
What Should Investors Do With TER Stock?Teradyne’s robust, diversified portfolio, which meets the rising demand for AI-driven technologies, is consistently contributing to its growth prospects. These factors have justified its premium valuation.
TER stock currently sports a Zacks Rank #1 (Strong Buy), which implies that investors should start accumulating the stock right now. You can see the complete list of today’s Zacks #1 Rank stocks here.
Teradyne uvedla tři nové přístroje pro platformu UltraFLEXplus, které mají zrychlit a zpřesnit testování čipů pro AI a datová centra. Novinky zahrnují UltraPin5000-EM, UltraPort-PCIe6 a UltraVS64-HP.
Suite of instruments delivers speed, power, and precision to meet emerging AI and data center device test challenges.
NORTH READING, Mass.--(BUSINESS WIRE)--Teradyne, Inc. (NASDAQ: TER), a leading provider of automated test equipment and advanced robotics, announced the launch of three new instruments for its UltraFLEXplus platform, designed to meet the increasingly complex demands of AI and data center semiconductor testing. The UltraPin5000-EM, UltraPort-PCIe6, and UltraVS64-HP instruments are designed to deliver unmatched scalability, flexibility, and performance, empowering semiconductor manufacturers to test advanced devices with maximum efficiency and accuracy. Together, these instruments aim to advance Teradyne's position across the full AI device supply chain, from first wafer probe to final rack validation, ensuring components in an AI data center meet the quality standards the industry demands.
Teradyne announced the launch of three new instruments for its UltraFLEXplus platform, designed to meet the increasingly complex demands of AI and data center semiconductor testing.
Share“As the AI and data center market drives unprecedented growth in semiconductor complexity, Teradyne remains committed to delivering innovative solutions that enable our customers to stay ahead in this rapidly evolving market,” said Greg Smith, CEO of Teradyne. “This new suite of instruments expands the capabilities of our UltraFLEXplus platform, offering the industry’s most advanced, future-proof solutions for testing cutting-edge devices.”
UltraPin5000-EM
The UltraPin5000-EM is Teradyne's next-generation digital instrument, purpose-built to address the demands of pattern-intensive AI and compute devices. With up to 80 times more vector memory than other market offerings, it enables testing of today’s most complex AI devices while future-proofing for tomorrow’s innovations. Pattern loads are up to 10 times faster, and a new Persistence Mode delivers near-instant reloads, enabling engineering teams to accelerate debug and characterization while production floors benefit from improved equipment efficiency.
The UltraPin5000-EM delivers excellent signal integrity at 5 Gbps data rates for robust high-bandwidth pattern throughput, while its flexible timing architecture supports independent clock frequencies per pin for seamless adaptation to heterogeneous device requirements. Scan network acceleration compiles per-core results in real time, enabling immediate adaptive test decisions and reducing structural test time without sacrificing coverage. Compatible with the UltraPin2200, the UltraPin5000-EM protects customer's existing investments while scaling to meet new device requirements.
UltraPort-PCIe6
The UltraPort-PCIe6 is the industry's first high-speed I/O protocol ATE solution for PCIe Gen6 interfaces, delivering 64 Gbps (PAM-4) across 32 lanes per instrument. Excellent signal integrity performance, combined with unique per-pin PMU and integrated loopback capability, provides enhanced test coverage, broader diagnostics, and the cleanest signal path to the device, for test solution setups that can be brought up quickly and stay stable in production. A dedicated server-class compute backend scales to 2TB of high-performance memory, executing the largest test data sets at the fastest test times.
The instrument supports both mission-mode testing and high-speed I/O scan, enabling test coverage to shift to earlier insertions to improve Known Good Die confidence, and reduce waste of high-value HBM and advanced packaging assemblies.
UltraVS64-HP
The UltraVS64-HP is Teradyne's most advanced power supply, delivering 1280 amps per instrument, 5120 amps per ganged supply, and total test cell capacity exceeding 15,000 amps. A unique 16V range makes the UltraVS64-HP ready for emerging integrated voltage regulator (IVR) architectures, spanning low-voltage, high-current devices through higher-voltage inputs. This current and voltage headroom lets customers follow advanced packaging roadmaps toward larger, higher-power compute devices - all from a single instrument.
New integrated multi-point sense joins superior dynamic load response to preserve device yields, holding conditions stable as high-current activity shifts across reticle-size die and multi-die packages. Advanced power profiling provides push-button access to deep insights into device behavior during test, critical for characterizing next-generation architectures and for optimizing test programs to measured results. A new, dedicated Intelligent power interface brings elements of system-level power management into the test cell and adds fast hardware-level fault response that guards against thermal runaway, and the costly probe card and socket damage it can cause.
Visit Teradyne at SEMICON Taiwan, meeting room #534, September 2-4, 2026, in Taipei, Taiwan to explore these innovative products and more. For more information about these instruments, visit teradyne.com/ultraflexplus.
About Teradyne
Teradyne (NASDAQ: TER) designs, develops, and manufactures automated test equipment and advanced robotics systems. Its semiconductor and electronics test solutions span the full AI device supply chain, from wafer to data center, enabling customers to meet the quality and reliability standards the AI era demands. Its advanced robotics business deploys intelligent automation across manufacturing, logistics, and data center operations for customers worldwide. For more information, visit teradyne.com. Teradyne® is a registered trademark of Teradyne, Inc., in the U.S. and other countries.
Benjamin Edwards Inc. ve 2. čtvrtletí snížila podíl v Teradyne, Inc. o 53,6 % na 4 274 akcií. Teradyne zároveň oznámila zisk na akcii 2,47 USD a tržby 1,33 miliardy USD, obojí nad odhady.
Benjamin Edwards Inc. lowered its position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 53.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,274 shares of the company’s stock after selling 4,929 shares during the quarter. Benjamin Edwards Inc.’s holdings in Teradyne were worth $2,068,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Teradyne during the second quarter valued at approximately $9,404,408,000. Andar Capital Management HK Ltd purchased a new position in shares of Teradyne in the 2nd quarter valued at $37,800,000. State Street Corp lifted its holdings in shares of Teradyne by 0.9% during the 4th quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after acquiring an additional 60,986 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Teradyne by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after acquiring an additional 143,058 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Teradyne by 18.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock worth $813,640,000 after purchasing an additional 659,273 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.
Analyst Upgrades and Downgrades Several research analysts have commented on the company. Wall Street Zen lowered Teradyne from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group raised their target price on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday, July 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a report on Wednesday, July 29th. Bank of America increased their price objective on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Evercore reissued an “outperform” rating and set a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.
Get Our Latest Report on Teradyne Teradyne Stock Performance Shares of TER opened at $349.83 on Tuesday. The company has a market capitalization of $54.69 billion, a P/E ratio of 47.99, a P/E/G ratio of 0.72 and a beta of 1.78. Teradyne, Inc. has a one year low of $109.56 and a one year high of $487.91. The stock has a 50-day moving average price of $378.22 and a 200 day moving average price of $357.57.
Teradyne (NASDAQ:TER – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $0.57 EPS. Teradyne’s revenue for the quarter was up 103.9% compared to the same quarter last year. As a group, equities research analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.
Teradyne Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is presently 7.13%.
Insider Activity In related news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.
Teradyne Profile (Free Report)
Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.
The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.
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Teradyne těží z investic do AI datacenter; více než 60 % výnosů ve 2Q 2026 bylo taženo AI. Firma čeká výnosy za 3Q 2026 v rozmezí 1,20 až 1,30 mld. USD.
Key Takeaways Teradyne benefits as AI data-center investments lift demand across semiconductor test and robotics. Memory revenues topped $200M for a third straight quarter on strong HBM, DRAM and revived NAND demand. Teradyne expects Q3 revenues of $1.20B-$1.30B as AI data-center build-outs sustain demand. Teradyne (TER - Free Report) is benefiting from accelerating AI-driven data-center investments, which are expanding demand across semiconductor test, networking, storage, product test and robotics. This momentum is strengthening Teradyne’s prospects in the broader data-center infrastructure ecosystem alongside Cisco Systems (CSCO - Free Report) and Vertiv Holdings (VRT - Free Report) . More than 60% of Teradyne’s second-quarter 2026 revenues were AI-driven, underscoring the success of its wafer-to-AI-data-center strategy.
A key driver of Teradyne’s momentum is the acceleration in semiconductor capital expenditures, especially in wafer fabrication equipment (WFE). As WFE CapEx is forecasted to approach $250 billion by the end of the decade, this is expected to drive 5% to 10% annual growth in wafer production and 15% to 20% compound annual growth in total transistor production. The increase in wafer and transistor production directly boosts demand for automated test equipment.
Teradyne’s leadership in both SOC and memory test solutions, especially for high-bandwidth memory (HBM) and DRAM, ensures it is well-placed to capitalize on this growth. The company’s memory business also saw revenues exceed $200 million for the third consecutive quarter in the second quarter of 2026, driven by strong demand for HBM and DRAM and a revival in NAND testing.
Growth is being reinforced by Quantifi Photonics and the Multilane Test Products JV, which expand Teradyne’s exposure to optical and high-speed interconnect testing. The company expects the Co-Packaged Optics testing market alone to reach $300-$700 million by 2028. Robotics is also benefiting as AI data-center construction boosts automation demand in electronics manufacturing and semiconductor production.
Teradyne expects sustained AI data-center build-outs to drive greater demand for compute, networking, memory, product-test and automation solutions, strengthening its position across the broader infrastructure ecosystem that includes Cisco Systems and Vertiv. The company expects third-quarter 2026 revenues between $1.20 billion and $1.30 billion.
How Competitors Fare Against TERTeradyne is facing stiff competition from companies such as Cisco Systems and Vertiv. Both companies are also expanding their footprints in the AI and data center markets.
Cisco Systems is benefiting from strong data center growth by capturing surging demand for AI infrastructure and networking solutions, with data center networking orders growing more than 35% year over year in the fourth quarter of fiscal 2026. The company’s comprehensive portfolio, which includes Silicon One-powered systems, optics and integrated security, positions it as a key provider for hyperscalers and enterprises modernizing their data centers to support advanced AI workloads.
Vertiv is benefiting from the robust demand for AI-driven infrastructure, which is driving significant growth in the data center market. The company’s robust demand across its core markets, particularly in the Americas and APAC regions, remains noteworthy. In the second quarter of 2026, net sales increased 24% year over year, with the Americas and APAC both growing 29%. EMEA also returned to positive net sales growth.
TER’s Share Price Performance, Valuation, and EstimatesTeradyne shares have surged 89.3% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s growth of 14.4% and the Zacks Electronics - Miscellaneous Products increase of 37.2%.
TER Stock Performance
Image Source: Zacks Investment Research
TER stock is trading at a premium with a forward 12-month Price/Sales of 10.07X compared with the Computer & Technology sector’s 6.26X. TER has a Value Score of D.
TER's Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $9.10 per share, which has increased 26.38% over the past 30 days. This suggests 129.80% year-over-year growth.
Teradyne currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Nejsledovanější americké indexy v úvodu úterního obchodování ztrácejí. V popředí poklesu jsou akcie spojené s výrobou čipů pro AI.
Společnost Meta Platforms (-3,7 %) dnes míří k soudu do ostře sledovanému střetu s koalicí státních generálních prokurátorů kvůli tvrzením, že firma záměrně navrhla Facebook a Instagram tak, aby u mladých uživatelů podporovaly kompulzivní chování a vznik závislosti.
Společnost Targa Resources (+6,2 %) oznámila, že uzavřela nové dvacetileté infrastrukturní smlouvy na bázi poplatků, které podpoří rozvoj těžebních lokalit společnosti ExxonMobil (+1,6 %) v Permské pánvi. V návaznosti na tyto dohody Targa zvýšila svůj odhad růstových kapitálových výdajů pro rok 2026 na přibližně 5,0 mld. USD.
Největší americký obchodník s domácím vybavením Home Depot (+0,1 %) zveřejnil hospodářské výsledky za druhý kvartál. Celkové tržby meziročně vzrostly o 5,7 % na 47,86 mld. USD a porovnatelné tržby se zvýšily o 1,7 %, čímž překonaly očekávání trhu.
Švédská finančně-technologická společnost Klarna (-19,6 %) zveřejnila výsledky hospodaření za 2Q 2026. Výnosy i zisk na akcii překonaly odhady trhu. Firma nicméně snížila celoroční výhled objemu transakcí i výnosů, a to kvůli kurzovým vlivům a obezřetnějšímu pohledu na německý trh, který je pro Klarnu objemově největší. Společnost zároveň oznámila odchod finančního ředitele.
Čínská technologická společnost Baidu (-8,9 %), která provozuje mimo jiné největší čínský vyhledávač či autonomní vozidla Apollo, dnes oznámila výsledky za 2Q. Výnosy klesly již pátý kvartál v řadě, přičemž byly taženy dolů online marketingovými výnosy, které meziročně poklesly o 19 %. Byznys poháněný umělou inteligencí naopak rostl meziročně o 25 % a na výnosech hlavního byznysu se podílel polovinou.
Index S&P 500 -0,53 % na 7704,15 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Zdravotní péče +1,8 % Informační technologie -1,9 % Energie +1,1 % Průmysl -0,9 % Nezbytná spotřeba +1,1 % Komunikační služby -0,7 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Targa Resources Corp (TRGP) +6,2 % Coherent Corp (COHR) -9,8 % Ulta Beauty (ULTA) +5,1 % Teradyne (TER) -8,0 % GoDaddy (GDDY) +5,0 % Marvell Technology (MRVL) -6,8 % Intuit (INTU) +4,8 % Flex (FLEX) -6,4 % Tapestry (TPR) +4,4 % Ciena Corp (CIEN) -6,3 % Zdroj: Bloomberg
Key Takeaways Teradyne's Robotics revenues rose 33% year over year to $100 million in Q2 2026.
Electronics and semiconductor robotics revenues surged 50% sequentially, led by AI data center demand.
Teradyne combines semiconductor testing and robotics, while investing in optical and networking products.
Teradyne (TER - Free Report) is benefiting from a surge in AI-driven demand, which is fueling robust growth across its robotics and semiconductor testing businesses. In the second quarter of 2026, Robotics revenues reached $100 million, marking a 33% year-over-year increase and a 9% rise sequentially. More than 60% of Teradyne’s revenues are now AI-driven, underscoring the effectiveness of its 'wafer to AI data center' strategy.
The fastest-growing segment within robotics is electronics manufacturing and semiconductors, which includes AI data centers. Electronics manufacturing and semiconductor revenues within Robotics surged 50% from the first quarter, making it the largest end market segment in this group. This growth is closely tied to the ongoing build-out of AI data centers and the broader trend toward automation in manufacturing and assembly processes. U.S. sales rose to 32% of Robotics revenues, and a U.S. manufacturing center remains on schedule to open later in 2026.
Compared to competitors like KLA Corporation (KLAC - Free Report) and Cohu (COHU - Free Report) , Teradyne’s integrated strategy stands out. While KLAC excels in process control and inspection, and COHU is strong in test handlers and automation, Teradyne’s ability to address both semiconductor testing and robotics for assembly and test automation gives it a unique edge. The company is also investing in next-generation products and strategic acquisitions, such as Quantifi Photonics and the Multilane Test Products JV, to address emerging needs in optical, networking and board test for AI applications.
Management expects Robotics to grow in the second half as data center construction drives more rack shipments and automation demand at contract manufacturers and original design manufacturers. Over time, robot-assisted test, assembly, and data center operations can widen the addressable market beyond traditional factory automation.
How Competitors Fare Against TERTeradyne is facing stiff competition from companies such as KLA and Cohu. Both KLA and Cohu are expanding their footprint in the AI space.
KLA is benefiting from the growing demand for AI through its leadership in process control and its ability to address growth markets in wafer fab equipment, including high-bandwidth memory and advanced packaging.
In May 2026, Cohu received approximately $5 million in multiple orders for its Diamond X platform from a leading semiconductor manufacturer. The systems will support testing of next-generation GaN power devices for AI data centers, strengthening Cohu’s position in AI infrastructure and high-efficiency power semiconductor testing.
TER’s Share Price Performance, Valuation and EstimatesTeradyne shares have surged 108% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s growth of 16.8% and the Zacks Electronics - Miscellaneous Products increase of 50.2%.
TER Stock Performance
Image Source: Zacks Investment Research
TER stock is trading at a premium with a forward 12-month Price/Sales of 11.13X compared with the Computer & Technology sector’s 6.48X. TER has a Value Score of F.
TER Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $9.10 per share, which has increased 26.38% over the past 30 days. This suggests 129.80% year-over-year growth.
Teradyne currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Teradyne ve 2. čtvrtletí zvýšil tržby v segmentu Semiconductor Test o 128 % meziročně díky poptávce po AI. Na 3. čtvrtletí očekává tržby 1,20–1,30 miliardy USD.
Key Takeaways Teradyne's Semiconductor Test revenues jumped 128% year over year in Q2, led by AI demand. TER expects Q3 revenues of $1.20-$1.30 billion, implying 64.67% year-over-year growth. Teradyne's Robotics revenues rose 33% year over year as AI data center automation demand expanded. Teradyne (TER - Free Report) shares are currently overvalued, as suggested by its Value Score of F. Teradyne stock is trading at a premium with a forward 12-month Price/Sales of 10.36X compared with the Computer & Technology sector’s 6.28X.
TER Valuation
Image Source: Zacks Investment Research
However, Teradyne shares have surged 89% year to date, outperforming the Zacks Computer & Technology sector’s 11.7% decline and the Zacks Electronics - Miscellaneous Products sector's 41.1% increase.
TER shares have also outperformed their peers, which include Advantest Corporation (ATEYY - Free Report) , ABB (ABBNY - Free Report) and KLA Corporation (KLAC - Free Report) . The companies are also expanding their footprint in the AI infrastructure space. Advantest, ABB and KLA shares have gained 59.1%, 34% and 50.4%, respectively, in the year-to-date period.
The outperformance can be attributed to strong AI-related demand, which is driving significant investments in cloud AI build-out as customers accelerate production of a wide range of AI accelerators, networking, memory and power devices. These factors are helping Teradyne fend off competitors such as Advantest, ABB and KLA.
TER Stock Performance
Image Source: Zacks Investment Research
Teradyne Rides on Strong Semiconductor Test SegmentTeradyne is benefiting from a powerful surge in its semiconductor test segment, fueled by the global build-out of AI data centers and the resulting demand for advanced compute and memory technologies. In the second quarter of 2026, Teradyne delivered a remarkable 128% year-over-year growth in its Semiconductor Test business, contributing $1.12 billion out of the company’s total $1.3 billion in sales. This segment alone accounted for 84% of total sales.
The Semi Test group, which includes System-on-Chip (SOC), memory and storage test, was a standout performer, clearing the $1 billion mark for the second consecutive quarter. SOC revenues alone reached $843 million, with compute products heavily tied to AI making up 70% of that and growing nearly 600% year over year. This growth is directly linked to the proliferation of AI applications, which are driving increased investment in wafer fabrication and advanced packaging technologies.
Teradyne’s leadership in both SOC and memory test solutions positions it to capture a significant share of this expanding market. The company’s Magnum testers are well-suited for high-bandwidth memory (HBM) and DRAM, which are seeing robust demand due to AI and data center expansion.
In the second quarter of 2026, compute revenues within SOC grew nearly 600% year over year, and memory test revenues hit a record $212 million, driven by HBM, DRAM, and renewed demand for NAND. The company is also making strategic moves in networking and optical test, acquiring Quantifi Photonics and developing new solutions for emerging technologies like co-packaged optics, which is expected to be a $300-$700 million market by 2028.
Teradyne Benefits From Strong Robotics DemandTeradyne is benefiting from a robust performance in its Robotics segment, which has become an increasingly important driver of growth for the company. In the second quarter of 2026, Robotics revenues reached $100 million, marking a 33% year-over-year increase and a 9% rise sequentially.
Electronics manufacturing and semiconductor revenues within Robotics surged 50% from the first quarter, making it the largest end market segment in this group. This growth is closely tied to the ongoing build-out of AI data centers and the broader trend toward automation in manufacturing and assembly processes. U.S. sales rose to 32% of Robotics revenues and a U.S. manufacturing center remains on schedule to open later in 2026.
Management expects Robotics to grow in the second half as data center construction drives more rack shipments and automation demand at contract manufacturers and original design manufacturers. Over time, robot-assisted test, assembly and data center operations can widen the addressable market beyond traditional factory automation.
TER Initiates Positive Q3 GuidanceTeradyne’s expanding portfolio and strong demand for AI-related applications are expected to drive the company’s top-line growth.
For the third quarter of 2026, Teradyne expects revenues in the range of $1.20-$1.30 billion. The Zacks Consensus Estimate for third-quarter 2026 revenues is pegged at $1.27 billion, suggesting a 64.67% year-over-year increase.
For the third quarter, the company’s non-GAAP earnings are expected to be between $1.85 and $2.15 per share. The consensus mark for earnings is pegged at $1.91 per share, which has increased 36.42% over the past 30 days. This indicates growth of 124.71% on a year-over-year basis.
What Should Investors Do With TER Stock?Teradyne’s robust, diversified portfolio, which meets the rising demand for AI-driven technologies, is consistently contributing to its growth prospects. These factors have justified its premium valuation.
TER stock currently carries a Zacks Rank #1 (Strong Buy), which implies that investors should start accumulating the stock right now. You can see the complete list of today’s Zacks #1 Rank stocks here.
Teradyne oznámila rekordní výsledky za 2. čtvrtletí, když výnosy z AI přesáhly 60 % tržeb. Firma zároveň očekává, že trh automatizovaného testovacího vybavení do konce dekády dosáhne nebo překročí 20 miliard USD.
Key Takeaways Teradyne posted record Q2 results as AI-related revenues surpassed 60% of sales across all three groups.Management sees the automated test equipment market reaching or topping $20 billion by decade-end.TER expects compute share gains from 2027 after a second hyperscaler correlation and first merchant GPU order. Teradyne, Inc. (TER - Free Report) used its second-quarter 2026 earnings call to position record results as part of a multiyear AI-driven expansion. Management linked demand across its businesses to the data center build-out.
Non-GAAP EPS of $2.47 topped the Zacks Consensus Estimate of $2.04, while revenues of $1.33 billion exceeded the $1.22 billion estimate. Management expressed stronger conviction in 2027 growth, share gains and a larger automated test equipment market.
TER Frames AI as a Multiyear CyclePresident and CEO Gregory Smith said that AI-related revenues exceeded 60% of sales. Demand extended from accelerators and memory to networking, storage, power, board test and robotics.
Smith said that all three business groups grew year over year and sequentially. That breadth supported the wafer-to-AI-data-center strategy, which targets opportunities from semiconductor production through rack assembly.
Longer data center investment plans are giving chipmakers confidence to add wafer capacity, Smith said. He expects another year of healthy growth in 2027.
Teradyne Sees ATE TAM ExpansionSmith said that rising wafer-fab-equipment spending and advanced packaging are reshaping automated test equipment growth. More wafers, denser nodes and complex multichip packages increase transistors, bits and required test intensity.
Management sees WFE spending approaching $250 billion by decade end and the ATE TAM reaching or exceeding $20 billion. Test spending rose from about 4% of semiconductor capital outlays in 2023 to 8% in the first five months of 2026.
A UBS analyst asked how durable that ratio is. Smith said that it may settle between 7% and 9%, noting that WFE and ATE revenue often differ because test demand follows fab investment with a lag.
TER Expects Share Gains to BuildSmith said that TER completed correlation with a second AI hyperscaler and shipped its first merchant GPU order. He expects these milestones to support compute share gains beginning in 2027.
He also stated that progress will be gradual. One compute customer is at the mature dual-vendor stage, one is a fast follower, and one remains in qualification. Fast-follower share may rise toward 30%.
A Bank of America analyst asked about server CPU exposure. Smith said that greater ARM adoption would improve TER’s share opportunity, while the company continues pursuing x86 business.
Teradyne Broadens Its Data Center ReachCFO Michelle Turner said that Semi Test revenues were $1.12 billion, including $843 million in system-on-chip test, $212 million in memory and $67 million in industrial systems test. Memory set a record on HBM, DRAM and NAND demand.
Turner highlighted Product Test revenues of $107 million and Robotics revenues of $100 million. The Omnyx board-test platform, the Multilane Test Products joint venture and electronics-manufacturing demand extended AI exposure beyond chip test.
Smith said networking growth spans copper, pluggable optics and co-packaged optics. He put the 2028 CPO test market at $300-$700 million and a 2027 low-end scenario around $200 million.
TER Guides to a Firmer Second HalfTurner guided third-quarter revenues to $1.2-$1.3 billion and non-GAAP EPS to $1.85-$2.15. Gross margin is expected at 58-59%, with operating expenses at 29-30% of sales.
Management expects first-half revenues to represent 50% to 52% of full-year sales, reflecting better second-half visibility. Growth is expected in memory, auto and industrial, industrial systems test, Product Test and Robotics, offset by mobile weakness and compute timing.
Turner said that product mix, memory and launches should put full-year gross margin near 59%. Fourth-quarter operating expenses should be comparable to the third quarter as Teradyne invests for 2027.
Teradyne Keeps Investing for 2027Turner said that second-quarter free cash flow was $378 million and cash and investments totaled $517 million. Priorities remain R&D, operational scaling and M&A flexibility, alongside $20 million of dividends and $69 million of buybacks.
Smith’s overarching message was that current spending on products and customer teams reflects confidence in sustained AI demand. Management plans to update its target earnings model on the fourth-quarter earnings call.
Zacks Signals Favor Rank Over ValueTER sports a Zacks Rank #1 (Strong Buy) at present, tied to favorable earnings estimate revision trends and potential outperformance over the next one to three months. You can see the complete list of today’s Zacks #1 Rank stocks here.
Its Growth Score of B and Momentum Score of B offer favorable signals, while the Value Score of F and VGM Score of C indicate weak value characteristics and middling combined style support. The Zacks Rank can change as analysts revise estimates after the reported results, so the current signal is not fixed.
Teradyne ve 2. čtvrtletí zvýšila tržby na více než 1,3 miliardy USD, když segment Semi Test už druhé čtvrtletí po sobě překonal 1 miliardu USD. Na 3. čtvrtletí čeká tržby 1,20–1,30 miliardy USD.
Key Takeaways TER topped $1.3 billion in Q2 2026 revenues as Semi Test exceeded $1 billion for the second straight quarter. TER's SOC compute revenues rose nearly 600% year over year, fueled by AI-driven demand for advanced chips. Teradyne posted record memory test revenues of $212 million and expects Q3 revenues of $1.20-$1.30 billion. Teradyne (TER - Free Report) is benefiting from a powerful surge in its semiconductor test segment, fueled by the global build-out of AI data centers and the resulting demand for advanced compute and memory technologies. In the second quarter of 2026, Teradyne reported record revenues exceeding $1.3 billion, more than doubling year over year.
The Semi Test group, which includes System-on-Chip (SOC), memory, and storage test, was a standout performer, clearing the $1 billion mark for the second consecutive quarter. SOC revenues alone reached $843 million, with compute products heavily tied to AI making up 70% of that and growing nearly 600% year over year. This growth is directly linked to the proliferation of AI applications, which are driving increased investment in wafer fabrication and advanced packaging technologies.
Teradyne’s leadership in both SOC and memory test solutions positions it to capture a significant share of this expanding market. The company’s Magnum testers are well-suited for high-bandwidth memory (HBM) and DRAM, which are seeing robust demand due to AI and data center expansion.
In the second quarter of 2026, compute revenues within SOC grew nearly 600% year over year, and memory test revenues hit a record $212 million, driven by HBM, DRAM and renewed demand for NAND. The company is also making strategic moves in networking and optical test, acquiring Quantifi Photonics and developing new solutions for emerging technologies like co-packaged optics, which is expected to be a $300-$700 million market by 2028.
Teradyne’s strong performance in the semiconductor test segment is underpinned by secular growth drivers in AI, data centers and advanced packaging. For the third quarter of 2026, Teradyne expects revenues in the range of $1.20-$1.30 billion.
Teradyne Suffers From Stiff CompetitionTeradyne is facing stiff competition from companies such as Advantest Corporation (ATEYY - Free Report) and Cohu (COHU - Free Report) . Both Advantest and Cohu are expanding their footprint in the semiconductor test market.
In July 2026, Advantest expanded its SiConic ecosystem with a new Design-for-Test (DFT) Engineering environment, enabling engineers to develop, debug, validate and optimize production-ready test content before deployment to manufacturing. The solution aligns bench workflows with the V93000 platform, accelerating DFT development, improving collaboration and reducing reliance on production automated test equipment.
Cohu received approximately $5 million in multiple orders for its Diamond X platform from a leading semiconductor manufacturer. The systems will support testing of next-generation GaN power devices for AI data centers, strengthening Cohu’s position in AI infrastructure and high-efficiency power semiconductor testing.
TER’s Share Price Performance, Valuation and EstimatesTeradyne shares have surged 65% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s growth of 8.9% and the Zacks Electronics - Miscellaneous Products increase of 39.2%.
TER Stock Performance
Image Source: Zacks Investment Research
TER stock is trading at a premium with a forward 12-month Price/Sales of 9.9X compared with the Electronics - Miscellaneous Products industry’s 8.31X. TER has a Value Score of D.
TER Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $7.20 per share, which has been unchanged over the past 30 days. This suggests 81.82% year-over-year growth.
Teradyne currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Teradyne (TER - Free Report) came out with quarterly earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +21.08%. A quarter ago, it was expected that this maker of wireless products, data storage and equipment to test semiconductors would post earnings of $2.11 per share when it actually produced earnings of $2.56, delivering a surprise of +21.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Teradyne, which belongs to the Zacks Electronics - Miscellaneous Products industry, posted revenues of $1.33 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 9.37%. This compares to year-ago revenues of $651.8 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Teradyne shares have added about 73% since the beginning of the year versus the S&P 500's gain of 8.3%.
What's Next for Teradyne?While Teradyne has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Teradyne was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.40 on $1.07 billion in revenues for the coming quarter and $7.20 on $4.53 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Miscellaneous Products is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, ESS Tech, Inc. (GWH - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.44 per share in its upcoming report, which represents a year-over-year change of +51.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
ESS Tech, Inc.'s revenues are expected to be $0.1 million, down 95.8% from the year-ago quarter.
Teradyne ve 3. čtvrtletí vyhlíží tržby 1,20 až 1,30 miliardy USD, nad odhady, a akcie po zveřejnění výsledků v prodlouženém obchodování vyskočily o 13,5 %.
July 28 (Reuters) - Chip-testing equipment maker Teradyne (TER.O), opens new tab forecast third-quarter revenue above Wall Street estimates on Tuesday, betting on a sustained rise in investment in wafer fabrication equipment, sending the company's shares up 13.5% in extended trading.
Growing demand for more complex and powerful chips used in AI data centers and vehicles has driven the need for sophisticated, higher-priced testing equipment, benefiting suppliers such as Teradyne.
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The company is a supplier of automated test equipment used to verify the quality and reliability of semiconductors.
Here are some details:
Teradyne expects third-quarter revenue between $1.20 billion and $1.30 billion, ahead of analysts' average estimate of $1.04 billion, according to data compiled by LSEG.
It forecast adjusted earnings in the range of $1.85 to $2.15 per share for the quarter, also ahead of an estimate of $1.53.
"Looking further ahead, rapid increase in wafer fab equipment investment sets the stage for continued growth in 2027 and beyond," CEO Greg Smith said in a statement.
The company's second-quarter revenue more than doubled to $1.33 billion, beating estimates of $1.22 billion.
Adjusted profit came in at $2.47 per share, compared with an estimate of $2.09.
Reporting by Juby Babu in Mexico City; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Teradyne oznámí hospodářské výsledky za 2Q FY2026 29. července; v 1Q tržby vzrostly meziročně o 87,04 % na 1,28 miliardy USD a zhruba 70 % tržeb souviselo s AI.
Teradyne (NASDAQ:TER | TER Price Prediction) reports Q2 FY2026 earnings on July 29, giving investors a read into one of the cleanest picks-and-shovels exposures to the AI buildout. The company provides testing equipment used to manufacture AI accelerators, advanced memory, and networking chips.
The company’s Q1 FY2026 earnings report showed that the business’s Semiconductor Test franchise is capturing the test-equipment spend behind every AI accelerator, memory stack, and networking chip going into a data center. That exposure drove Q1 revenue up 87.04% year over year to $1.28 billion, while non-GAAP EPS of $2.56 easily cleared the $2.11 consensus estimate. CEO Greg Smith attributed the record to a “wafer to AI data center strategy,” with roughly 70% of revenue tied to AI-related demand.
3 Reasons Teradyne Has Nearly Doubled in 2026 1. AI demand just sent Teradyne’s profits up 303%. Non-GAAP operating margin expanded to 37.5% in Q1 FY2026, from 20.5% a year earlier. Net income grew 303.36% YoY. Test equipment has fixed R&D and variable revenue, and the AI mix is now pushing incremental margins straight to the bottom line.
2. Valuation is aligned with the growth rate. Shares trade at a forward P/E of 52 against a PEG of 1.462. Analysts’ consensus price target sits at $429.88 vs. a current share price of $349.92, with 12 Buy ratings and 1 Strong Buy against just 1 Sell.
3. Capital returns keep coming. Teradyne paid $702.1 million in FY2025 buybacks and declared a $0.13 quarterly dividend.
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TER Is Growing 9x Faster Than One of Its Closest Rivals Onto Innovation (NYSE:ONTO) is one of Teradyne’s closest process-control comps. It trades at a forward P/E of 34x while growing revenue just 9.5% YoY. TER saw nine times the revenue growth rate at a slightly higher multiple. Cohu (NASDAQ:COHU), a direct semi-test peer, is unprofitable on a TTM basis with an EPS of -$1.19 and a forward P/E of 93.
China Restrictions Have Not Stopped Teradyne’s Boom Bears point to U.S. Commerce Department export controls on semiconductor equipment bound for China. However, we’re seeing signs that AI demand is dwarfing the China headwind, as TER still delivered 87.04% YoY revenue growth and a 17-point margin expansion with the restrictions in place.
Teradyne enters its July 29 Q2 earnings report with exceptional momentum: 87% revenue growth, a 303% increase in net income, and roughly 70% of revenue tied to AI-related demand. The stock’s 52x forward earnings multiple leaves little room for a slowdown, making guidance especially important.
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Teradyne v 1. čtvrtletí 2026 meziročně zvýšila tržby o 87 % na přibližně 1,3 miliardy USD, tažené poptávkou po datových centrech s AI. Poptávka související s AI tvořila téměř 70 % tržeb.
Key Takeaways TER benefits from AI data center demand, with Q1 2026 revenues soaring 87% year over year. TER's AI-related demand made up nearly 70% of revenues, up from about 60% in the prior quarter. TER faces competition from Advantest and Vertiv as both expand in AI and data center markets. Teradyne (TER - Free Report) is benefiting from the explosive growth in datacenter demand, particularly driven by artificial intelligence (AI) and the ongoing build-out of AI-centric infrastructure. In the first quarter of 2026, Teradyne reported revenues of approximately $1.3 billion, an 87% year-over-year increase and 18% above its previous record. This surge is directly tied to the company’s strategic focus on the ‘wafer to AI data center’ market, where AI-related demand accounted for nearly 70% of revenues, up from about 60% in the previous quarter.
The datacenter segment, especially devices that support AI workloads, has become a major source of revenue. In the auto/industrial segment, 46% of revenues came from datacenter devices in the first quarter of 2026. This marks a significant shift from past trends.
Teradyne is also seeing robust demand for memory test solutions, especially for high-bandwidth memory and DRAM, both of which are critical for AI compute applications. The company’s recent product launches, such as the Photon 100 for silicon photonics and Omnyx for server board testing, further strengthen its position in the rapidly evolving data center market. Strategic acquisitions and joint ventures, like the MultiLane Test Products partnership and the acquisition of TestInsight, further strengthen Teradyne’s capabilities in high-speed I/O and design-to-test software.
Teradyne expects continued robust demand, especially as AI data center build-outs drive increased need for compute, networking and memory test solutions. For the second quarter of 2026, Teradyne expects revenues in the range of $1.15-$1.25 billion.
Teradyne Suffers From Stiff CompetitionTeradyne is facing stiff competition from companies such as Advantest Corporation (ATEYY - Free Report) and Vertiv (VRT - Free Report) . Both Advantest and Vertiv are also expanding their footprints in the AI and data center markets.
In June 2026, Advantest and OpenLight partnered to develop silicon photonics test solutions for high-volume manufacturing, addressing growing demand for AI and high-performance computing applications. The collaboration aims to accelerate scalable production of next-generation optical interconnects for AI data centers.
In June 2026, Vertiv announced the completion of its acquisition of ThermoKey S.p.A., a move that enhances Vertiv’s thermal management portfolio, expands its heat rejection and heat-exchange capabilities and strengthens its long-standing relationships with OEMs and system integrators serving data centers and other critical infrastructure markets worldwide.
TER’s Share Price Performance, Valuation, and EstimatesTeradyne shares have surged 81.6% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s growth of 14.7% and the Zacks Electronics - Miscellaneous Products increase of 53.3%.
TER Stock Performance
Image Source: Zacks Investment Research
TER stock is trading at a premium with a forward 12-month Price/Sales of 11.01X compared with the Electronics - Miscellaneous Products industry’s 8.31X. TER has a Value Score of D.
TER Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for fiscal 2026 earnings is pegged at $7.20 per share, which has increased 1.55% over the past 30 days. This suggests 81.82% year-over-year growth.
Teradyne currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Teradyne, Inc. (TER) gained 3,163% since last first outlier inflow signal in March 1995.
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TER designs, develops, and manufactures automated test equipment for semiconductors and electronics as well as advanced robotics systems, meaning it’s an important AI player. The company’s first-quarter fiscal 2026 report showed $1.28 billion in revenue (87% year-over-year growth, nearly 70% of revenue is AI-related), non-GAAP per-share earnings of $2.56 (up 318% over the year prior), as well as second-quarter 2026 revenue and non-GAAP EPS guidance of up to $1.25 billion and $2.15, respectively.
No wonder TER shares are up 117% this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock.
Teradyne Attracting Big Money Institutional volumes reveal plenty. In the last year, TER has enjoyed strong investor demand, which we believe to be institutional support.
Each green bar signals unusually large volumes in TER shares. They reflect our proprietary inflow signal, pushing the stock higher:
Source: www.moneyflows.com Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Teradyne.
Teradyne Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, TER has had strong sales growth and profits:
Also, EPS is estimated to ramp higher this year by +34.7%.
Now it makes sense why the stock has been generating Big Money interest. TER has a track record of strong financial performance.
Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term.
Teradyne has been a top-rated stock at MoneyFlows for years. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s had 65 Big Money outlier inflow signals since 1995 and is up 4,329% in that time. The blue bars below show when TER was a top pick in the last decade…institutions keep buying:
Source: www.moneyflows.com Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.
Teradyne Price Prediction The TER action isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author holds no position in TER at the time of publication.
If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights.
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Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.
Key Takeaways Teradyne's Q1 2026 robotics revenues rose 32% year over year to $91 million, its fourth straight gain. AI-related demand made up nearly 70% of Q1 2026 revenues, up from about 60% in the prior quarter. TER expects a large e-commerce customer to triple its 2026 revenue contribution versus 2025. Teradyne (TER - Free Report) is benefiting from the accelerating adoption of artificial intelligence (AI) across multiple industries, which is driving robust growth in its robotics and test solutions businesses. AI-related demand accounted for nearly 70% of the company’s revenues in the first quarter of 2026, up from about 60% in the previous quarter.
The company’s Robotics division delivered its fourth consecutive quarter of sequential growth, with first-quarter 2026 robotics revenues up 32% year over year to $91 million. This growth is notable because the first quarter is typically a seasonally weaker quarter. The company’s “one sales team” approach is driving results across verticals, and AI revenues now represents 15% of robotics sales.
The company’s robots are now used in environmental sensing within data centers, and Teradyne recently showcased a complex physical AI work cell in partnership with Generalist at NVIDIA’s GTC event. This demonstrates Teradyne’s ability to innovate and integrate AI-driven robotics into high-growth markets such as e-commerce, electronics manufacturing and semiconductors.
Further expanding its portfolio via partnership, in April 2026, Teradyne Robotics and Flex expanded their collaboration, with Flex both deploying Universal Robots cobots and MiR autonomous mobile robots in its own facilities and manufacturing key robotics components for Teradyne’s customers worldwide.
Teradyne continues to expect its large e-commerce customer to triple its revenue contribution in 2026 compared with 2025, which, if executed, would improve scale and utilization in the Robotics segment.
Teradyne Suffers From Stiff CompetitionTeradyne is facing stiff competition from companies such as KLA Corporation (KLAC - Free Report) and Cohu (COHU - Free Report) . Both KLA and Cohu are expanding their footprint in the AI space.
KLA is benefiting from the growing demand for AI space through its leadership in process control and its ability to address growth markets in wafer fab equipment, including high-bandwidth memory and advanced packaging.
In May 2026, Cohu secured approximately $5 million in orders for its DiamondX semiconductor test platform from a leading chip manufacturer to support the development and production of next-generation gallium nitride (GaN) power devices for AI data center power architectures.
TER’s Share Price Performance, Valuation, and EstimatesTeradyne shares have surged 120.7% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s growth of 15% and the Zacks Electronics - Miscellaneous Products increase of 70.6%.
TER Stock Performance
Image Source: Zacks Investment Research
TER stock is trading at a premium with a forward 12-month Price/Sales of 13.47X compared with the Electronics - Miscellaneous Products industry’s 7.64X. TER has a Value Score of F.
TER Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for fiscal 2026 earnings is pegged at $7.09 per share, which has been unchanged over the past 30 days. This suggests 79.04% year-over-year growth.
Teradyne currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
