Teradyne earnings date and guidance
Teradyne's next results are expected on October 27, 2026. Teradyne should watch whether revenue and EPS land within the guide and whether product mix affects gross margin.
What has Teradyne guided for the quarter ending September?
For the quarter ending September 2026, management issued revenue guidance. The range is $1,200 million–$1,300 million. Non-GAAP diluted EPS guidance is $1.85–$2.15. Gross margin guidance is 58.0%–59.0%. Operating profit guidance is 28.0%–30.0%.
For the quarter ending in September, management guided to the revenue and non-GAAP diluted EPS ranges shown below. Non-GAAP means Teradyne has removed specified items, including acquired-intangible amortization and certain restructuring charges. It is management’s preferred operating view, but it is not the same as GAAP earnings, so investors should compare non-GAAP guidance with non-GAAP results.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| GAAP and non-GAAP third quarter revenue guidance | Quarter to Sep 2026 | 1,200 | 1,300 | Jul 28, 2026 |
| Non-GAAP net income attributable to Teradyne per diluted share | Quarter to Sep 2026 | 1.85 | 2.15 | Jul 28, 2026 |
| Gross Margin | Quarter to Sep 2026 | 58.0% | 59.0% | Jul 29, 2026 |
| Operating Profit | Quarter to Sep 2026 | 28.0% | 30.0% | Jul 29, 2026 |
What this means. Operating expenses are shown as 29.0% to 30.0% because the company presented them in reverse order as revenue rises, while this table lists the lower and higher numbers first.
What has Teradyne's last eight quarters shown?
The sequence matters more than the single comparison. Revenue accelerated from weak mid-2025 quarters into late 2025 and the first half of 2026, with Semiconductor Test supplying most of the total. Cash flow also moved sharply between quarters because collections and other working-capital movements do not arrive evenly. The next question is whether customers need new capacity or can use what they already own.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,328,990 | 1,282,494 | 1,083,337 | 769,210 | 651,797 | 685,680 | 752,884 | 737,298 |
| Gross margin | 59.8% | 60.9% | 57.2% | 58.4% | 57.2% | 60.6% | 59.4% | 59.2% |
| Operating income | 437,810 | 473,002 | 293,200 | 145,303 | 90,743 | 120,803 | 153,584 | 152,065 |
| Net income | 374,533 | 398,908 | 257,220 | 119,558 | 78,372 | 98,896 | 146,253 | 145,649 |
| EPS, diluted | 2.38 | 2.53 | 1.63 | 0.75 | 0.49 | 0.61 | 0.90 | 0.89 |
| = Free cash flow | 378,432 | 200,391 | 218,750 | 2,358 | 131,680 | 97,616 | 225,172 | 114,430 |
What this means. September 2025 free cash flow is almost zero because the report calculates that quarter by subtracting the first six months from the first nine months, not because the company barely generated cash then.
What should Teradyne watch after the next results?
The September-quarter results are scheduled by one estimate service for October 27, 2026, though that date is estimated. Investors should examine whether revenue and EPS land within the guide, whether product mix affects gross margin, and whether new-product launches bring the costs management described. Because the Q3 analyst sample is small, the company’s actual results and explanation matter more than a narrow consensus beat.
The larger checkpoint is the Q4 earnings call, when management has said it will update its target earnings model. This is a financial blueprint: expected revenue growth, margins, operating costs, investment, and resulting earnings. It becomes more credible when its assumptions connect to customer orders and capacity plans. A higher revenue target means less if it requires permanently higher costs or lower margins.