Teradyne, Inc. · NASDAQ:TER
Teradyne — Q1 2026 Earnings Presentation
6 slides from Teradyne's earnings presentation, Apr 29, 2026
Slide 1: Teradyne Q1 2026 Earnings Call Prepared Remarks
Teradyne Q1 2026 Earnings Call Prepared Remarks April 29, 2026 Amy McAndrews, VP, Corporate Relations Thank you, operator. Good morning everyone and welcome to our discussion of Teradyne’s most recent financial results. I’m joined this morning by our CEO, Greg Smith, and our CFO, Michelle Turner. Fo
Slide 2: Record results from durable AI demand and wafer-to-AI data center strategy
This new record comes from durable AI demand drivers and the continuing acceleration of our wafer-to-AI data center strategy. This strategy is delivering demand across Teradyne’s portfolio. In Q1, AI-related demand accounted for nearly 70% of our revenue, up from about 60% in Q4 2025. Our strategy c
Slide 3: Compute TAM growth, automotive, memory, HDD and Robotics trends
We still expect that the Compute TAM and revenue to grow significantly from the already strong 2025 base. We’re seeing healthy engagement with both networking and VIP compute customers, and our pipeline of new design wins remains robust. Aligned with this momentum, I am pleased to share that we rece
Slide 4: New product introductions and TAM expansion opportunity
would be a mistake to linearly extrapolate from today’s test strategies and economics. That being said, we expect that this is a meaningful TAM expansion opportunity, which could reach $300 to $700 million per year over the mid-term. The second product introduction is Omnyx which is a new production
Slide 5: Revenue detail starting with Semi Test
Building on that, let’s look a little deeper at revenue starting with Semi Test. Revenue was $1.1 billion, breaking the billion-dollar threshold for the first time, up 26% sequentially from last quarter and over 100% year-over-year versus Q1 2025. The revenue breakdown within Semi Test was SoC at $8
Slide 6: Capital allocation
Now moving on to capital allocation. Our capital allocation strategy remains consistent and that is to maintain cash reserves to enable us to run the business and have dry powder for M&A. We ended the quarter with cash and investments of roughly $400 million. Working capital - predominantly in accou