Form 10-Q · Quarterly report
Teradyne 10-Q, filed Jul 31, 2026
- Filed
- CIK
- 0000097210
- Accession no.
- 0001193125-26-327715
Summary
Teradyne reported second-quarter 2026 revenue of $1.33 billion, up from $651.8 million a year earlier, as Semiconductor Test revenue rose 128.1% to a record $1.12 billion on AI-related compute and memory demand, including more than $200 million in memory test revenue for a third straight quarter. The company also said it formed the joint venture MultiLane Test Products Holding LLP with HTP Holding SAL (MultiLane) on April 8, 2026, taking a controlling 75% stake for about $157.8 million.
Key points
- Second-quarter revenue was $1.329 billion versus $651.8 million a year earlier; Product Test revenue rose 26% to $107.2 million and Robotics revenue rose 33.4% to $99.9 million.
- Gross margin was 59.8% of revenue, up 2.6 points, which Teradyne attributed to higher sales and product mix in Semiconductor Test.
- In the first six months of 2026, Teradyne returned $114.9 million to shareholders through $74.2 million of buybacks and $40.7 million of dividends, and paid $165.6 million net for acquisitions, primarily the MLTP controlling interest.
- Teradyne said it began receiving refunds during the quarter on tariffs paid under the International Emergency Economic Powers Act, with no material impact on its financial position.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2: Management’s Discussion Overview We are a leading global provider of automated test equipment and robotics products. Our automated test systems are used to test semiconductors, wireless products, data storage, silicon photonics, and complex electronics systems in many industries including consumer electronics, automotive, industrial, computing, communications, and defense and aerospace industries. Our robotics product offerings consist primarily of collaborative robotic arms and autonomous mobile robots used by global manufacturing, logistics and industrial customers to improve quality and increase manufacturing and material handling efficiency, while reducing costs. …
An excerpt of the text as filed with the SEC, cut for length.
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