Short answer
Teradyne (TER) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 29, 2026. Quarterly revenue was $1.3B (up 87.0% year over year) with net income of $399M.
Q1 2026 key financials · XBRL
- Revenue
- $1.3B
- +87.0% YoY
- Net income
- $399M
- +303.4% YoY
- Operating margin
- 36.9%
- Gross margin
- 60.9%
- EPS (diluted)
- $2.53
- +314.8% YoY
Source: XBRL data from the Teradyne (TER) Q1 2026 10-Q on SEC EDGAR. USD.
Teradyne Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1,282.5M, up 87.0% YoY from $685.7M, led by AI-related Semiconductor Test demand
- Operating margin 36.0% vs 17.0% YoY; gross margin 60.9% vs 60.6%
- Best segment Semiconductor Test revenue $1,110.8M, up 104.8%; income before taxes $468.1M vs $155.8M
- Worst segment Product Test income before taxes $4.7M vs $8.6M, despite revenue growth of 8.4%
- Cash and securities $394.0M vs $448.3M; operating cash flow $265.1M; $200.0M revolving-debt repayment
- Outlook supported by AI demand and prior investments; tariff-refund timing uncertain, with no material expected impact
Risk Factors
- No material risk-factor changes disclosed; filing states 10-K risks remain applicable
- Regulatory risk: Inflation Reduction Act 1% excise tax applies to net share repurchases
- Capital-allocation risk: $5.5 million repurchases during quarter reduced remaining authorization to $685.844 million
- Insider-trading compliance: six directors or officers adopted new Rule 10b5-1 trading plans
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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