Teradyne Profit Soars on Semiconductor Testing Demand

By Nicholas G. Miller

Teradyne reported higher second-quarter revenue and profit as the artificial intelligence boom fueled growth in its business providing testing equipment for semiconductors.

The company reported net income of $374.5 million, or $2.38 a share, up from $78.4 million, or 49 cents a share, the year prior.

Adjusted earnings were $2.47 a share. Analysts polled by FactSet expected $2.09 a share.

Revenue rose to $1.33 billion from $652 million. Wall Street expected $1.22 billion.

The company guided for third-quarter revenue of $1.2 billion to $1.3 billion and adjusted earnings of $1.85 to $2.15 a share. Analysts see third-quarter sales of $1.06 billion and adjusted earnings of $1.56 a share.

"In the short term, our Q3 guidance reflects robust AI-related demand. Looking further ahead, rapid increase in wafer fab equipment investment sets the stage for continued growth in 2027 and beyond," said Chief Executive Greg Smith.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

July 28, 2026 16:46 ET (20:46 GMT)