Teradyne Posts 87% Q1 Revenue Jump to $1.282B, Guides Q2 to $1.15–1.25B
Teradyne posted record Q1 revenue of $1.282 billion, an 87% increase year-over-year, with roughly 70% of sales driven by AI-related demand. Despite GAAP EPS of $2.53 and non-GAAP EPS of $2.56, the company guided Q2 revenue to $1.15–1.25 billion, prompting a share price decline.
1. Record First-Quarter Performance
Teradyne reported $1.282 billion in Q1 2026 revenue, up 87% from $686 million in Q1 2025, driven by AI-related demand representing roughly 70% of sales. GAAP net income reached $398.9 million, or $2.53 per share, while non-GAAP net income was $402.9 million, or $2.56 per share.
2. Segment Breakdown
Semiconductor Test led the results with $1.111 billion in revenue, followed by Robotics at $91 million and Product Test at $80 million. The AI-focus on compute and memory testing underpinned growth across all business groups.
3. Guidance and Market Reaction
Management guided Q2 revenue to $1.15–1.25 billion with GAAP EPS of $1.83–2.12 and non-GAAP EPS of $1.86–2.15, below Q1 levels. Investors reacted to the conservative outlook by driving the stock price lower despite record Q1 results.