Teradyne Q1 revenue rises 87% to $1.28 billion on AI demand; Q2 guidance given
Teradyne reported first-quarter 2026 revenue of $1,282 million, up from $686 million a year earlier, with GAAP diluted EPS of $2.53 versus $0.61. The company said results were above the high end of its Q1 guidance and that about 70% of revenue was tied to AI-related demand. It also guided second-quarter 2026 revenue to $1,150 million to $1,250 million, which gives shareholders a range for the coming quarter.
Key points
- Q1 2026 revenue of $1,282 million, including $1,111 million in Semiconductor Test, $91 million in Robotics and $80 million in Product Test.
- GAAP net income of $398.9 million, or $2.53 per diluted share, versus $98.9 million, or $0.61, in Q1 2025.
- Non-GAAP EPS of $2.56 for Q1 2026, versus $0.75 a year earlier.
- Q2 2026 guidance: revenue of $1,150 million to $1,250 million; GAAP EPS of $1.83 to $2.12 and non-GAAP EPS of $1.86 to $2.15.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.