Compute & semiconductors
Teradyne
Business, financial evidence and documented connections to the AI buildout.
Business and AI exposure
Teradyne sells semiconductor test equipment and services. AI compute, memory and advanced packaging create testing demand, but its Semiconductor Test segment also serves non-AI chips. Equipment orders and revenue do not measure deployed customer computing capacity.
Earnings and disclosures
Latest verified results: Q2 2026 · Released 2026-07-28
Next results: 2026-10-27 · Q3 2026 results.
Checked 2026-10-18 · Financial context and sources ↓
Financial context
For Q2 2026, total revenue was $1.329 billion, including $1.122 billion from Semiconductor Test, with $374.5 million of GAAP net income. Operating cash flow was $469.1 million and property-equipment spending was $90.7 million. The segment’s 84.4% share is not an AI-only share.
Delivery and commitments
Q2 sales exceeded the earlier $1.15–1.25 billion guidance range. Management’s approximate 70% AI-related demand classification for Q1 uses a broad demand definition and cannot be carried forward unchanged into Q2.
investors.teradyne.com · 2026-07-28 ↗ · investors.teradyne.com ↗
Costs, funding and dependencies
Customer semiconductor spending, product qualification, equipment mix and acceptance timing affect results. The UltraFLEXplus S-Series introduction adds an edge-AI testing product, without establishing a separately quantified future revenue commitment.
investors.teradyne.com · 2026-07-28 ↗ · investors.teradyne.com ↗
What to watch next
Follow customer acceptance and conversion of testing demand into sales and cash. The company guided Q3 revenue to $1.2–1.3 billion; that forecast is not a guaranteed shipment outcome.
Documented project connections
Each connection below has a specific, cited role. A supplier, lender, customer or proposed acquirer has different economics from the project owner.
No named tracked-project role has been established by the evidence used for this profile. This does not mean the company has no AI exposure.
Evidence boundaries
Company totals, segment sales, bookings, backlog, spending, capacity and usage describe different things. They do not establish project-level revenue, earnings or an exact AI-only revenue share unless the cited disclosure explicitly says so.
This is a dated research snapshot. Forecasts are attributed expectations, and undisclosed amounts remain unknown. Source review does not certify every project or future outcome.