Description

Teradyne’s $301 Million Memory Test Record: An HBM Growth Catalyst?

Teradyne, Inc. reported third-quarter 2026 revenue of approximately $1.3 billion, representing a 70% increase year over year and stable sequentially. Non-GAAP earnings per share (EPS) rose over 150% from the prior year to $2.29. The growth was broadly driven by all three business groups—Semiconductor Test, Product Test, and Robotics—underpinned by robust demand for artificial intelligence (AI) applications across the wafer-to-data-center value chain. AI-related revenue accounted for more than 60% of total sales, reflecting the company’s strategic focus on serving the evolving semiconductor and electronics infrastructure. Within Semiconductor Test, revenues exceeded $1 billion, growing 77% year over year, supported by system-on-chip (SoC) testing, memory, and industrial segments. Compute-related SoC demand grew nearly 50%, while memory testing hit a quarterly record at $301 million, fueled by increased high-bandwidth memory (HBM) and DRAM testing. Industrial storage test revenue doubled, driven by AI-related hard disk drive demand.