Teradyne stock: Q3 call points to HBM-led growth in 2027

Teradyne released its third-quarter results on October 27, 2026, and discussed its outlook on October 28. The company reported revenue of USD 1.31 billion, while management added more detail on the growth path for memory, compute and robotics during the call.

What has changed since the last report

The latest Investing.com transcript records management's view that HBM will be the main growth driver within memory in 2027. Executives also said the third quarter was Teradyne's record quarter for 2026, while the company expects a digestion period in the fourth quarter as memory remains strong and compute begins to re-accelerate.

That call added operating context to the results already covered in the previous report. Teradyne said nine-month free cash flow reached USD 806 million, up nearly 250 percent year over year. Management also said 2027 should bring healthy growth, although the timing of individual compute programs is expected to be weighted toward the second half.

Results and fourth-quarter guide

According to Teradyne, Semiconductor Test contributed USD 1.07 billion of quarterly revenue, Product Test USD 138 million and Robotics USD 96 million. Robotics delivered its highest third-quarter revenue and reached profitability.

For the fourth quarter, Teradyne guided to revenue of USD 1.25 billion to USD 1.35 billion and non-GAAP earnings per diluted share of USD 1.95 to USD 2.25. Gross margin is expected to be 57.5 percent to 58.5 percent, below the third-quarter level, reflecting product mix and new product launches. Non-GAAP figures exclude specified amortization and other adjustments, so they should not be read as GAAP results.

Share price and investor context

At Lang & Schwarz, Teradyne stock was quoted at EUR 270.70 on October 29, 2026, at 16:35:50 Berlin time. The quote is a dated euro market indication; a verified Xetra closing comparison is not included here.

The real-time quote of Teradyne stock is available separately. The main investor question is whether HBM, compute and physical AI can turn the current demand signals into sustained growth without the expected margin pressure becoming more pronounced.

The wider S&P 500 market environment remains relevant for interpreting large-cap technology valuations without attributing a specific market move to Teradyne's results.

For more developments, see More news and analyses on Teradyne stock.