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TER · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 103.9% y/y to $1.33B, operating margin 32.9% vs 13.9%, net income $375M (+377.9% y/y).
Net income attributable to Teradyne
$375M
up 378% y/y
Net revenues
$1,329M
up 104% y/y
Income from operations
$438M
up 382% y/y
Gross profit
$795M
up 113% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net revenues | $1,329 · +104% |
| Cost of revenues | $534 · +91.7% |
| Gross profit | $795 · +113% · 59.8% margin |
| Selling and administrative | $193 · +22.0% |
| Engineering and development | $156 · +32.0% |
| Acquired intangible assets amortization | $5 · +33.2% |
| Restructuring and other | $3 · +27.8% |
| Income from operations | $438 · +382% · 32.9% margin |
| Interest and other (income) expense | $5.8 · −0.1% |
| Income before income taxes | $444 · +359% |
| Income tax provision | $66.8 · +445% · 15.1% effective rate |
| Equity in net earnings of affiliate | $1.9 · −67.2% |
| Less: Net income attributable to noncontrolling interests | $0.4 · vs $0 |
| Net income attributable to Teradyne | $375 · +378% · $2.38/sh · 28.2% margin |
Verdict: revenue grew 103.9% y/y to $1.33B, operating margin 32.9% vs 13.9%, net income $375M (+377.9% y/y).
GAAP EPS was $2.38 compared to $0.49 a year earlier.
Source and notation
Source: Teradyne press release, 8-K EX-99.1 of 07/29/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: TER, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “TER Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/ter/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/ter/q2-2026"><img src="https://whoreportstoday.com/t/ter/q2-2026/sankey.png" alt="TER Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/ter/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/ter/q2-2026">TER Q2 2026 earnings chart (Who Reports Today)</a>
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- Revenue of $1,329 million included $1,122 million in Semiconductor Test, $107 million in Product Test and $100 million in Robotics.
- Gross margin was 59.8% vs 57.2% a year earlier.
- Operating income was $438M, a 32.9% margin vs 13.9% a year earlier.
- The effective tax rate was 15.1% vs 12.7% a year earlier.
- Diluted EPS was $2.38 vs $0.49 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
TER — a maker of automated test equipment and robots.
Chipmakers and electronics manufacturers use its systems to test semiconductors, circuit boards, wireless devices and defense electronics, while factories and warehouses buy its collaborative robot arms and autonomous mobile robots. It earns from equipment sales and services in three segments: Semiconductor Test, Robotics and Product Test. · Source: annual report (Form 10-K, SEC)
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