TER Q2 FY2026 earnings: EPS beat by 18.2%, revenue beat by 9.0%
Teradyne reported Q2 FY2026. EPS came in at $2.47 against a $2.09 consensus, beat by 18.2%. Revenue was $1.3B versus $1.2B expected, beat by 9.0%. Gross margin was 59.8%, down 110 bps from last quarter.
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Sees Q3 non-GAAP operating expenses approximately 29% to 30% of sales.
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“Operating expenses are expected to run at approximately 29% to 30% of third quarter sales, driven by continued investments in R&D and go-to-market.”
Guidance “With the strong forecast for greater than 20% annual exabyte growth and our design wins, we are confident this business will grow over the midterm as well.”
Guidance “Both revenue and non-GAAP EPS came in above the high end of our guidance range as strong AI-driven demand continued across all parts of our portfolio.”
4 more flagged statementsand 3 tone events from this call are in the Pro read.
Subscribe — $49.99/mo →| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $2.47 | $2.09 | beat by 18.2% |
| Revenue | $1.3B | $1.2B | beat by 9.0% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $1.3B | +3.6% | +103.9% |
| Gross profit | $794.6M | +1.8% | +113.0% |
| Operating income | $437.8M | -7.4% | +382.5% |
| Net income | $374.5M | -6.1% | +377.9% |
| Diluted EPS | $2.38 | -5.9% | +385.7% |
| Gross margin: 59.8%. |
Revenue is up 103.9% from the same quarter last year. Gross margin sits at 59.8%, 110 bps off its 8-quarter high.
This section is part of the Pro report for TER.
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