Loading
Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Tim Arcuri | UBS | 14 (29%) |
| Krish Sankar | TD Cowen | 14 (0%) |
| CJ Muse | Cantor Fitzgerald | 14 (14%) |
| Mehdi Hosseini | Susquehanna | 12 (8%) |
| Brian Chin | Stifel | 11 (9%) |
| Shane Brett | Morgan Stanley | 11 (18%) |
| Jim Schneider | Goldman Sachs | 10 (0%) |
| Samik Chatterjee | JPMorgan | 8 (13%) |
| Vivek Arya | Bank of America | 8 (50%) |
| David Duley | Steelhead Securities | 7 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Cantor Fitzgerald | 1 | 14 (14%) |
| UBS | 1 | 14 (29%) |
| TD Cowen | 1 | 14 (0%) |
| Susquehanna | 1 |
| 12 (8%) |
| Goldman Sachs | 2 | 12 (0%) |
| Morgan Stanley | 1 | 11 (18%) |
| Stifel | 1 | 11 (9%) |
| JPMorgan | 2 | 10 (10%) |
Teradyne shattered records with revenue surging 87% year-over-year and semi test crossing the $1 billion milestone for the first time, as non-GAAP EPS of $2.56 came above the high end of guidance. Merchant GPU production orders were secured with H2 2026 revenue expected, while silicon photonics and CPO expanded the addressable TAM. Management reiterated the $6 billion revenue and $9.50-$11 EPS target model, widening the first-half revenue weighting range to 55-60% from a 60% point estimate.
Revenue Growth | Demand | Competitive Dynamics | Cloud & AI | Innovation & R&D | Guidance Reliability | Margin | Capex Investment | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 9 | 8 | 9 | 7 | 4 | 3 | 1 | 2 |
| 2025Q1 | 3 | 7 | 3 | 3 | 3 | 2 | 2 | 2 |
| 2025Q2 | 10 | 10 | 10 | 13 | 5 | 1 | 2 | 2 |
| 2025Q3 | 10 | 7 | 5 | 10 | 6 | 3 | 2 | |
| 2025Q4 | 14 | 5 | 11 | 7 | 1 | 6 | ||
| 2026Q1 | 7 | 5 | 3 | 4 | 4 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9 | 3 | 10 | 10 | 14 | |
| Demand | 8 | 7 | 10 | 7 | 5 | 7 |
| Competitive Dynamics | 9 | 3 | 10 | 5 | 11 | 5 |
| Cloud & AI | 7 | 3 | 13 | 10 | 7 | 3 |
| Innovation & R&D | 4 | 3 | 5 | 6 | 1 | 4 |
| Guidance Reliability | 3 | 2 | 1 | 3 | 6 | 4 |
| Margin | 1 | 2 | 2 | 2 | 3 | |
| Capex Investment | 2 | 2 | 2 | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $753M | +12.3% | $0.90 | +24.5% | 59.4% | 20.4% | 19.4% | $225M |
| FY2025 Q1 | $686M | +14.3% | $0.61 | +52.5% | 60.6% | 17.6% | 14.4% | $98M |
| FY2025 Q2 | $652M | -10.7% | $0.49 |
| -57.0% |
| 57.2% |
| 13.9% |
| 12.0% |
| $132M |
| FY2025 Q3 | $769M | +4.3% | $0.75 | -15.7% | 58.4% | 18.9% | 15.5% | $2M |
| FY2025 Q4 | $1.08B | +43.9% | $1.63 | +81.9% | 57.5% | 28.6% | 23.7% | $219M |
| FY2026 Q1 | $1.28B | +87.0% | $2.53 | +314.8% | 60.9% | 36.9% | 31.1% | $200M |
| FY2026 Q2 | $1.33B | +103.9% | $2.38 | +385.7% | 59.8% | 32.9% | 28.2% | $378.43B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What TER and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“ficonTEC has been an independently operated unit of a Chinese corporation since 2021”
Teradyne describes ficonTEC as a world-class active-alignment partner central to its silicon photonics/CPO test ecosystem, addressing press reports about its Chinese ownership.
“I don't think the numbers that Advantest gave are absurd, but I don't feel confident enough in our forecast to share them.”
Teradyne references competitor Advantest's published 2026 ATE TAM estimates for SoC and memory but declines to endorse a specific number given forecast uncertainty.
“if you look at what NVIDIA is doing to try to decreased time to first token on inference and other players are doing, I think we have reasonable exposure to those types of devices as well.”
Teradyne points to NVIDIA's push to optimize silicon for inference at scale as a demand driver, noting reasonable test exposure to those data-center compute devices.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
TER Teradyne | 9 | +87.0% | |
| ADI Analog Devices | 9 | +30.4% | |
| ALAB Astera Labs, Inc. Common Stock | 9 | +93.4% | |
| AMAT Applied Materials | 5 | -2.1% | |
| AMD Advanced Micro Devices, Inc. | 9 | +37.9% | |
| ARM Arm Holdings | 7 | +20.1% | |
| ASML ASML Holding | 9 | +13.3% | |
| AVGO Broadcom Inc. | 9 | +29.5% | |
| INTC Intel Corporation | 6 | +7.2% | |
| KLAC KLA Corporation | 7 | +11.5% | |
| LRCX Lam Research | 9 | +23.8% | |
| MCHP Microchip Technology | 9 | +35.1% | |
| MPWR Monolithic Power Systems | 10 | +26.1% | |
| MRVL Marvell Technology | 10 | +22.1% | |
| MU Micron Technology, Inc. | 9 | +196.3% | |
| NVDA NVIDIA Corporation | 10 | +73.2% | |
| NXPI NXP Semiconductors | 7 | +12.2% | |
| ON ON Semiconductor | 6 | +4.7% | |
| Q Qnity Electronics, Inc. | 10 | +17.6% | |
| QCOM Qualcomm | 3 | -3.5% | |
| SWKS Skyworks Solutions | 3 | -1.0% | |
| TXN Texas Instruments | 9 | +18.6% |