Teradyne Q3 FY2026: revenue up 69.8%, EPS beats, Q4 guide flat
Teradyne beat its own guidance and the Street's EPS estimate in FY2026 Q3, posting $1.31 billion of revenue, up 69.8%, and non-GAAP EPS of $2.29 against a $2.0992 consensus. The catch is the Q4 guide, whose $1.30 billion midpoint sits just below what Teradyne just delivered. Read this quarter as an AI capital-spending read-through: margins and cash held up, so the sequential line now matters more than the year-over-year one.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $2.17 compares with $0.75 a year ago and $2.38 last quarter. Non-GAAP EPS of $2.29 beat the $2.0992 consensus by 9.1%, while GAAP beat the same number by 3.4%. The $0.12 GAAP-to-non-GAAP gap is mostly amortization of the Technoprobe equity-method investment and acquired intangibles, plus small ERP and restructuring charges.
Revenue of $1.31 billion was up 69.8% from $769.21 million a year ago, and management said results came in above the high end of its own Q3 guidance. It was still 1.7% below Q2's $1.33 billion, so the growth curve is flattening quarter over quarter. Semiconductor Test supplied $1.07 billion of the total, or 82.1%.
Q4 revenue guidance is $1.25 billion to $1.35 billion, a $1.30 billion midpoint that is 0.5% below the quarter Teradyne just reported. Non-GAAP EPS guidance of $1.95 to $2.25 has a $2.10 midpoint, 8.3% below Q3's $2.29. Our data set has no consensus revenue estimate for Q4, so the guide can only be judged against the quarter just delivered.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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