Teradyne (TER) Q3 FY2026 earnings: revenue $1.3 billion, up 69.8% on the year

Teradyne, Inc. (TER) announced its results for Q3 FY2026, the quarter ended 27 September 2026, on 28 October 2026. Revenue was $1.3 billion, up 69.8% on the same quarter a year earlier. Diluted earnings per share were $2.17. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

Revenue$1.3 billionup 69.8%

Net incomeNot yetwith the 10-Q

Diluted EPS$2.17$0.75 a year earlier

QuarterQ3 FY2026ended 27 September 2026

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	1,306	1,329	769	+69.8%
Net income	n/a	375	120	n/a
Diluted EPS	$2.17	$2.38	$0.75	+189.3%

$ million except per share.

Q3 FY2026 is from the company's press release of 28 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right; net income will come with the 10-Q.

Quarterly results, the last 20 quarters filed

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	951	885	755	841	827	732	618	684	704	671	600	730	737	753	686	652	769	1,083	1,282	1,329
Cost of revenue	380	358	300	334	342	311	261	282	305	291	261	304	301	306	270	279	320	464	502	534
Gross profit	571	527	455	506	485	420	356	402	398	380	339	426	437	447	415	373	449	620	781	795
Gross margin	60%	60%	60%	60%	59%	57%	58%	59%	57%	57%	57%	58%	59%	59%	61%	57%	58%	57%	61%	60%
R&D	107	110	108	112	112	109	106	106	104	102	103	112	117	128	118	118	125	143	136	156
SG&A	135	143	140	140	136	143	151	146	138	142	149	154	158	156	157	158	169	165	167	193
Operating income	322	256	186	248	232	167	92.9	140	144	124	77.8	210	152	154	121	90.7	145	293	473	438
Operating margin	34%	29%	25%	29%	28%	23%	15%	20%	20%	19%	13%	29%	21%	20%	18%	14%	19%	27%	37%	33%
Interest expense	2.8	2.5	1.0	0.2	0.2	1.0	1.0	1.0	1.0	0.8	0.7	1.5	0.8	0.6	0.8	0.8	1.3	3.9	3.2	3.0
Pre-tax income	298	255	180	239	226	195	97.1	144	144	140	72.9	219	159	158	119	96.6	148	290	466	444
Tax rate	14%	12%	10%	17%	19%	12%	14%	17%	11%	16%	12%	15%	8%	3%	12%	13%	16%	10%	13%	15%
Net income	257	224	162	198	183	172	83.5	120	128	117	64.2	186	146	146	98.9	78.4	120	257	399	375
Net margin	27%	25%	21%	24%	22%	24%	14%	18%	18%	17%	11%	26%	20%	19%	14%	12%	16%	24%	31%	28%
Diluted EPS	$1.41	$1.27	$0.92	$1.16	$1.10	$1.04	$0.50	$0.73	$0.78	$0.72	$0.40	$1.14	$0.89	$0.90	$0.61	$0.49	$0.75	$1.63	$2.53	$2.38
Operating cash flow	523	331	7.5	115	272	183	19.3	143	174	249	7.3	216	166	283	162	182	49.0	282	265	469
Capital expenditure	29.2	29.3	44.0	45.7	38.9	34.6	41.4	39.3	34.6	44.3	44.0	44.8	51.8	57.4	64.0	50.4	46.7	62.9	64.7	90.7
Free cash flow	493	302	-36.5	69.7	233	149	-22.1	104	140	204	-36.7	171	114	225	97.6	132	2.4	219	200	378
Buybacks	210	194	201	331	217	2.1	93.3	135	119	50.7	22.1	8.2	24.7	144	157	117	244	183	5.5	68.7
Dividends paid	16.4	16.3	17.9	17.5	17.1	17.2	17.2	17.0	16.9	16.8	18.4	19.0	19.6	19.5	19.4	19.2	19.0	18.7	20.4	20.3
Shares outstanding	164m	n/a	161m	158m	156m	156m	155m	154m	153m	153m	154m	162m	163m	162m	161m	159m	157m	156m	157m	156m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 27 September 2026, filed with the SEC on 28 October 2026 with a Form 8-K: the release.