Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.66Last Year’s EPS
0.46Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reported multiple record operating and financial metrics driven by robust AI demand: record revenue (~$1.28B–$1.3B), record margins (60.9%) and operating income ($480M), strong YoY and sequential growth across Semi Test, memory and robotics, and strategic product and M&A momentum (Photon 100, Omnyx, MultiLane JV, TestInsight). The primary negatives are limited visibility into the back half, concentration risk with a small number of large customers, inherent lumpy demand timing, and some normalization of margins into Q2. On balance, the positives — sizable revenue and margin beats, product wins, and tangible progress on AI-related TAM capture — materially outweigh the risks and uncertainties called out by management.Company Guidance
Record Revenue and Earnings
Q1 revenue of $1.282 billion (Greg referenced ~ $1.3B) and non-GAAP EPS of $2.56, both above the high end of guidance. Total company sales were up 87% year-over-year and 18% sequentially; non-GAAP EPS was up 241% year-over-year and 42% sequentially.
Semiconductor Test Breaks $1B
Semi Test revenue reached $1.1 billion for the quarter (first time over $1B), up 26% sequentially and more than 100% year-over-year. SoC represented $882M, memory $203M and IST $27M.
Strong Margins and Operating Profit
Gross margin of 60.9%, a record and up ~370 basis points sequentially. Non-GAAP operating income was $480M with an operating margin of 37.5%, both all-time records.
AI Demand Driving Mix Shift
AI-related demand accounted for nearly 70% of revenue in Q1 (up from ~60% in Q4 2025). Management attributes the record results to durable AI demand and execution on the wafer-to-AI data center strategy.
Product Momentum — Memory, Robotics, Product Test
Memory revenue $203M (robust HBM and DRAM demand; Magnum 7 ramped). Robotics revenue $91M, up 32% year-over-year and fourth consecutive quarter of sequential growth. Product Test revenue $80M, up 8% year-over-year.
New Product Introductions
Two significant new products launched in Q1: Photon 100 (silicon photonics / co-packaged optics test platform) targeting a potential midterm TAM of $300M–$700M, and Omnyx (production board test platform to detect defects earlier in AI data center builds).
Merchant GPU Production Win and Pipeline
Received first multi-system production test orders for merchant GPU in Q1; systems expected to ship, be installed and be in production in Q2. Line of sight to about $50M of merchant GPU revenue for the year; pipeline of additional design wins remains robust.
Strategic M&A and Partnerships
Closed MultiLane Test Products joint venture (April 8) and acquired TestInsight (April 16) to strengthen high-speed I/O/data center interconnect test solutions and test development tools. Combined deals used ~ $165M of cash (funded via credit revolver).
Operational Execution and Capacity
More than doubled UltraFLEXplus shipments over 9 months while maintaining 12–16 week lead times; cash & investments ~ $400M; capital expenditure flat YoY with expected increase in Q2 to support scaling.
CH:TEY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FAQ
When does Teradyne (CH:TEY) report earnings?
Teradyne (CH:TEY) is schdueled to report earning on Jul 28, 2026, After Close (Confirmed).
What is Teradyne (CH:TEY) earnings time?
Teradyne (CH:TEY) earnings time is at Jul 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Teradyne stock?
The P/E ratio of Teradyne is N/A.
What is CH:TEY EPS forecast?
CH:TEY EPS forecast for the fiscal quarter 2026 (Q2) is 1.66.
