Teradyne reported strong Q4 2025 results with revenue and earnings exceeding guidance, driven by significant AI-related demand in its Semiconductor Test business. The company anticipates year-over-year growth across all segments in 2026, with continued strength in compute driven by AI.
Q4 2025 revenue of $1,083 million, up 44% from Q4 2024 and 41% from Q3 2025.
positiveFull year 2025 revenue of $3.19 billion, up 13% from 2024.
positiveGAAP diluted EPS of $1.63 in Q4 2025, up from $0.90 in Q4 2024.
positiveNon-GAAP diluted EPS of $1.80 in Q4 2025, up from $0.95 in Q4 2024.
positiveSequential revenue growth across all business groups in Q4 2025.
positiveInventories increased to $379.6 million in Q4 2025 from $298.5 million in Q4 2024, a 27% YoY increase.
attentionAccounts receivable increased to $773.6 million in Q4 2025 from $471.4 million in Q4 2024, a 64% YoY increase.
attentionRestructuring and other charges were $15.1 million in Q4 2025, compared to $4.6 million in Q4 2024, primarily due to Robotics restructuring impacting approximately 200 employees.
attentionEmployee severance costs related to restructuring were $10.9 million in Q4 2025, up significantly from $0.4 million in Q4 2024.
attentionShort-term debt increased to $200 million in Q4 2025 from $0 in Q4 2024.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Semiconductor Test | N/A | — | — | — |
Product Test | N/A | — | — | — |
Robotics | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Our Q4 results were above the high end of our guidance range, fueled by AI-related demand in compute, networking and memory within our Semi Test business.
Across all of our business groups – Semi Test, Product Test, and Robotics – we experienced sequential growth, and at the company level we achieved 13% growth in 2025.
In 2026, we expect year-over-year growth across all of our businesses, with strong momentum in compute driven by AI.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.