Teradyne, Inc 8-K, filed Oct 28, 2026

About this 8-K

Items reported

Teradyne, Inc (TER)

8-K 2026-10-28 For: 2026-10-27

Added on October 28, 2026

Teradyne, Inc filed this 8-K on October 28, 2026, reporting on events of October 27, 2026.

Teradyne reported third-quarter 2026 revenue of $1,306 million, GAAP diluted EPS of $2.17 and non-GAAP diluted EPS of $2.29; Robotics achieved profitability and record third-quarter revenue. Fourth-quarter revenue guidance is $1,250 million to $1,350 million. AI summary

TERADYNE, INC.

Dated: October 28, 2026

/s/ MICHELLE TURNER

Michelle Turner

Vice President, Chief Financial Officer and Treasurer

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →


600 Riverpark Drive, North Reading, MA		01864
(Address of Principal Executive Offices)		(Zip Code)


Exhibit		Description

99.1		Press Release dated October 27, 2026.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)


	Q3'26		Q3'25		Q2'26
Revenue (mil)	$	1,306	$	769	$	1,329
GAAP EPS	$	2.17	$	0.75	$	2.38
Non-GAAP EPS	$	2.29	$	0.85	$	2.47


	Quarter Ended									Nine Months Ended
	September 27, 2026			June 28, 2026			September 28, 2025			September 27, 2026			September 28, 2025
Net revenues	$	1,305,950		$	1,328,990		$	769,210		$	3,917,434		$	2,106,687
Cost of revenues (exclusive of acquired intangible assets amortization shown separately below) (1)		534,674			534,372			319,904			1,570,588			869,032
Gross profit		771,276			794,618			449,306			2,346,846			1,237,655
Operating expenses:
Selling and administrative (2)		198,968			192,520			169,144			558,224			484,182
Engineering and development		163,092			156,284			124,760			454,938			361,331
Acquired intangible assets amortization		5,251			4,972			3,514			12,447			11,820
Restructuring and other (3)		1,997			3,032			6,585			8,455			23,472
Operating expenses		369,308			356,808			304,003			1,034,064			880,805
Income from operations		401,968			437,810			145,303			1,312,782			356,850
Interest and other (income) expense (4)		(2,323	)		(5,809	)		(2,797	)		(806	)		(6,834	)
Income before income taxes		404,291			443,619			148,100			1,313,588			363,684
Income tax provision		59,833			66,788			23,344			188,778			50,148
Income before equity in net earnings of affiliate	$	344,458		$	376,831		$	124,756		$	1,124,810		$	313,536
Equity in net earnings of affiliate		3,281			(1,946	)		(5,198	)		(3,277	)		(16,709	)
Consolidated net income		347,739			374,885			119,558			1,121,533			296,827
Less: Net income attributable to noncontrolling interests		5,332			352			—			5,684			—
Net income attributable to Teradyne	$	342,407		$	374,533		$	119,558		$	1,115,849		$	296,827

Earnings per common share attributable to Teradyne
Basic	$	2.19		$	2.39		$	0.75		$	7.14		$	1.85
Diluted	$	2.17		$	2.38		$	0.75		$	7.08		$	1.85
Weighted average common shares - basic		156,262			156,470			158,595			156,381			160,021
Weighted average common shares - diluted		157,502			157,693			159,097			157,610			160,409
Cash dividend declared per common share	$	0.13		$	0.13		$	0.12		$	0.39		$	0.36


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


	September 27, 2026		December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$	460,742	$	293,751
Marketable securities		5,847		28,247
Accounts receivable, net		1,110,798		786,913
Inventories, net		574,992		379,552
Prepayments		613,658		427,564
Other current assets		24,185		33,273
Total current assets		2,790,222		1,949,300
Property, plant and equipment, net		679,603		562,999
Operating lease right-of-use assets, net		121,652		76,635
Marketable securities		158,276		126,256
Deferred tax assets		311,092		275,265
Retirement plans assets		12,240		12,059
Equity method investment		518,559		537,098
Other assets		97,111		71,697
Acquired intangible assets, net		96,662		51,271
Goodwill		663,776		521,019
Total assets	$	5,449,193	$	4,183,599
LIABILITIES
Current liabilities:
Accounts payable	$	516,967	$	269,185
Accrued employees’ compensation and withholdings		261,288		254,973
Deferred revenue and customer advances		211,683		153,124
Other accrued liabilities		146,332		111,845
Operating lease liabilities		17,061		19,340
Short-term debt		—		200,000
Income taxes payable		188,105		106,740
Total current liabilities		1,341,436		1,115,207
Retirement plans liabilities		152,910		144,874
Long-term deferred revenue and customer advances		58,342		50,888
Deferred tax liabilities		10,841		5,378
Long-term other accrued liabilities		28,649		7,601
Long-term operating lease liabilities		120,054		63,899
Total liabilities		1,712,232		1,387,847
Redeemable noncontrolling interests		49,065		—
EQUITY
Total Teradyne shareholders' equity		3,687,896		2,795,752
Total liabilities, redeemable noncontrolling interests and equity	$	5,449,193	$	4,183,599


	Quarter Ended
	September 27, 2026		% of Net Revenues			June 28, 2026		% of Net Revenues			September 28, 2025		% of Net Revenues
Net revenues	$	1,306.0				$	1,329.0				$	769.2
Gross profit GAAP		771.3		59.1	%		794.6		59.8	%		449.3		58.4	%
Inventory step-up		—		—			—		—			0.4		0.1	%
Gross profit non-GAAP		771.3		59.1	%		794.6		59.8	%		449.7		58.5	%
Income from operations - GAAP		402.0		30.8	%		437.8		32.9	%		145.3		18.9	%
Acquired intangible assets amortization		5.3		0.4	%		5.0		0.4	%		3.5		0.5	%
Restructuring and other (1)		2.0		0.2	%		3.0		0.2	%		6.6		0.9	%
ERP related expenses (2)		3.7		0.3	%		2.5		0.2	%		1.1		0.1	%
Inventory step-up		—		—			—		—			0.4		0.1	%
Income from operations - non-GAAP	$	412.9		31.6	%	$	448.3		33.7	%	$	156.9		20.4	%


GAAP and non-GAAP fourth quarter revenue guidance:	$1,250 million			to	$1,350 million
GAAP net income attributable to Teradyne per diluted share	$	1.88			$	2.18
Exclude acquired intangible assets amortization		0.03			$	0.03
Exclude equity method investment amortization		0.05			$	0.05
Non-GAAP tax adjustments		(0.01	)		$	(0.01	)
Non-GAAP net income attributable to Teradyne per diluted share	$	1.95			$	2.25


Contact:	Teradyne, Inc.
	Amy McAndrews 978-370-3945
	Vice President of Corporate Relations


	Quarter Ended									Nine Months Ended
	September 27, 2026			June 28, 2026			September 28, 2025			September 27, 2026			September 28, 2025
Provision for excess and obsolete inventory	$	10,932		$	3,599		$	6,829		$	19,213		$	19,175
Inventory step-up		—			—			351			118			910
Sale of previously written down inventory		(202	)		(563	)		(1,726	)		(1,062	)		(3,155	)
	$	10,730		$	3,036		$	5,454		$	18,269		$	16,930


	Quarter Ended						Nine Months Ended
	September 27, 2026			September 28, 2025			September 27, 2026			September 28, 2025
Cash flows from operating activities:
Consolidated net income	$	347,739		$	119,558		$	1,121,533		$	296,827
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation		31,372			26,649			90,256			79,484
Stock-based compensation		21,684			15,531			63,649			47,561
Equity in net earnings of affiliate		(3,281	)		5,198			3,277			16,709
Amortization		5,504			3,867			12,925			12,723
Provision for excess and obsolete inventory		10,932			6,829			19,213			19,175
Losses (gains) on investments		(2,153	)		(3,644	)		(7,076	)		(4,722	)
Deferred taxes		(22,934	)		(14,101	)		(41,163	)		(29,100	)
Retirement plan actuarial losses (gains)		(71	)		(800	)		(228	)		(673	)
Other		999			175			3,757			3,344
Changes in operating assets and liabilities, net of businesses acquired:
Accounts receivable		(556	)		(161,283	)		(302,733	)		(111,787	)
Inventories		(170,942	)		(10,911	)		(178,794	)		(34,618	)
Prepayments and other assets		(165,319	)		(53,478	)		(224,940	)		(22,599	)
Accounts payable and other liabilities		225,812			104,311			347,615			121,447
Deferred revenue and customer advances		13,182			12,596			64,045			25,652
Retirement plans contributions		(1,506	)		(1,410	)		(4,605	)		(6,986	)
Income taxes		23,152			(36	)		81,144			(19,661	)
Net cash provided by operating activities		313,614			49,051			1,047,875			392,776
Cash flows from investing activities:
Purchases of property, plant and equipment		(86,324	)		(46,692	)		(241,762	)		(161,121	)
Acquisitions of businesses, net of cash and cash equivalents acquired		—			—			(165,611	)		(144,380	)
Purchase of investments in a business		(10,870	)		(20,151	)		(20,900	)		(25,519	)
Purchases of marketable securities		(1,769	)		(10,315	)		(50,004	)		(27,465	)
Proceeds from maturities of marketable securities		811			9,018			11,880			41,621
Proceeds from sales of marketable securities		993			684			30,607			9,172
Net cash used for investing activities		(97,159	)		(67,456	)		(435,790	)		(307,692	)
Cash flows from financing activities:
Proceeds from borrowings on revolving credit facility		—			200,000			350,000			200,000
Repayments of borrowings on revolving credit facility		—			—			(550,000	)		—
Dividend payments		(20,314	)		(18,990	)		(61,024	)		(57,574	)
Repurchase of common stock		(99,264	)		(243,785	)		(173,502	)		(518,658	)
Debt issuance costs		(2,686	)		—			(2,686	)		—
Payments related to net settlement of employee stock compensation awards		(1,040	)		(300	)		(42,153	)		(15,254	)
Issuance of common stock under stock purchase and stock option plans		18,607			15,284			33,708			30,076


							Earnings per Common Share attributable to Teradyne												Earnings per Common Share attributable to Teradyne
	September 27, 2026			% of Net Revenues			Basic			Diluted			September 28, 2025			% of Net Revenues			Basic			Diluted
Net income attributable to Teradyne - GAAP	$	1,115.8			28.5	%	$	7.14		$	7.08		$	296.8			14.1	%	$	1.85		$	1.85
Amortization of equity method investment		22.9			0.6	%		0.15			0.15			22.5			1.1	%		0.14			0.14
Acquired intangible assets amortization		12.4			0.3	%		0.08			0.08			11.8			0.6	%		0.07			0.07
Restructuring and other (1)		8.5			0.2	%		0.05			0.05			23.5			1.1	%		0.15			0.15
ERP related expenses (2)		7.9			0.2	%		0.05			0.05			2.9			0.1	%		0.02			0.02
Inventory step-up		0.1			0.0	%		0.00			0.00			0.9			0.0	%		0.01			0.01
Non-GAAP noncontrolling interest adjustment		(0.6	)		-0.0	%		(0.00	)		(0.00	)		—			—			—			—
Pension actuarial losses (gains) (3)		(0.2	)		-0.0	%		(0.00	)		(0.00	)		0.1			0.0	%		0.00			0.00
Pension settlement loss (gain)		(0.1	)		-0.0	%		(0.00	)		(0.00	)		(0.8	)		-0.0	%		(0.01	)		(0.00	)
Loss (gain) on foreign exchange contract		—			—			—			—			(0.6	)		-0.0	%		(0.00	)		(0.00	)
Exclude discrete tax adjustments		(11.0	)		-0.3	%		(0.07	)		(0.07	)		0.4			0.0	%		0.00			0.00
Non-GAAP tax adjustments		(4.0	)		-0.1	%		(0.03	)		(0.03	)		(8.4	)		-0.4	%		(0.05	)		(0.05	)
Net income attributable to Teradyne - non-GAAP	$	1,151.8			29.4	%	$	7.37		$	7.31		$	349.1			16.6	%	$	2.18		$	2.18

GAAP and non-GAAP weighted average common shares - basic		156.4												160.0
GAAP and non-GAAP weighted average common shares - diluted		157.6												160.4