Teradyne Posts Record Q2 Revenue of $1.33B, Up 104% YoY; Guides Q3 Revenue to $1.2B–$1.3B
TER has more than doubled off its 52-week low of $89.18.
Summary
Teradyne's Q2 revenue hit a record $1.33 billion, up 104% year-over-year, driven by AI-related semiconductor test demand. Q3 guidance of $1.2–$1.3 billion points to sustained strength.
Key Events · Earnings and Guidance · TER
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Record Q2 Revenue
Revenue reached $1.33 billion, up 104% year-over-year, exceeding the high end of guidance and consensus estimates of $1.22 billion.
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Earnings Surge
GAAP EPS came in at $2.38, up over 300% from $0.49 a year ago; non-GAAP EPS was $2.47.
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AI-Driven Memory Test Boom
Record memory revenue was driven by continued strength in DRAM and a resurgence in NAND final test, reflecting AI data center demand.
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Q3 Guidance
Revenue guidance of $1.2–$1.3 billion, with GAAP EPS of $1.79–$2.09, implies sustained high demand with a slight sequential moderation.
Analysis · TER · Industrial Applications And Services
A blowout second quarter saw revenue more than double year-over-year to $1.33 billion, handily beating the $1.22 billion consensus. Earnings per share surged over 300% to $2.38 GAAP. The company attributed the performance to record memory test demand fueled by AI, with strength across all three business segments. Q3 guidance of $1.2–$1.3 billion in revenue and $1.79–$2.09 GAAP EPS signals continued momentum, though the midpoint implies a slight sequential decline from Q2's record. These results confirm Teradyne is a primary beneficiary of the AI infrastructure buildout, and management pointed to rising wafer fab equipment investment as a tailwind for 2027 and beyond.
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At the time of this filing, TER was trading at $344.01 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $50.2B. The 52-week trading range was $89.18 to $487.91. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.