Teradyne stock gained 8.00 percent on October 2 on AI demand

Published on 10/04/2026 at 20:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Teradyne stock rode USD 1.33 billion in second-quarter revenue to a USD 449.04 close on October 2. AI memory revenue reached USD 212 million, with results due October 27.

Extreme Makroaufnahme einer Siliziumwafer-Oberfläche mit schillernden Schaltkreismustern — Makroaufnahme einer Wafer-Oberfläche zeigt das technologische Kerngeschäft von Teradyne Inc. US8807701029 in feinster Detailschärfe, Illustration mit AI erstellt.

Teradyne stock (ISIN US8807701029) closed at USD 449.04 on Nasdaq on October 2, 2026, gaining 8.00 percent from USD 415.79. The move followed renewed attention to AI-linked semiconductor testing, while the companys second-quarter figures remain the fundamental anchor for the valuation.

AI demand lifts quarterly results

According to MarketBeat on October 2, 2026, Teradyne reported second-quarter revenue of USD 1.33 billion, up 103.9 percent from the prior-year quarter. Adjusted earnings per share came in at USD 2.47, exceeding the USD 2.09 consensus by USD 0.38.

The companys latest earnings call described AI as the main growth driver across Semiconductor Test, Product Test and Robotics. The transcript published by Yahoo Finance says first-half 2026 revenue reached USD 2.6 billion and non-GAAP EPS reached USD 5.02.

Memory becomes a key growth engine

Memory revenue reached a record USD 212 million in Q2 2026, marking a third consecutive quarter above USD 200 million, according to Yahoo Finance. The same report said memory book-to-bill exceeded 2, giving the segment stronger order visibility as HBM, DRAM and NAND demand expands.

Teradyne also guides to third-quarter revenue of USD 1.2 billion-USD 1.3 billion and non-GAAP EPS of USD 1.85-USD 2.15. Gross margin guidance of 58%-59% is below the 59.8% reported for Q2, reflecting product mix and new product launches.

The company introduced its Magnum E2 memory tester on September 29, 2026, for advanced DRAM, flash, LPDDR6, DDR6, GDDR7 and NAND applications, according to Teradyne. The product broadens the companys exposure to AI data centers, but its commercial impact will depend on customer qualification and production ramps.

Valuation runs ahead of consensus

MarketBeat lists a Moderate Buy consensus from 16 analysts, with an average target of USD 396.80. That target sits 11.63 percent below the October 2 closing price, showing how quickly the stock has moved beyond the average published valuation.

Teradyne had a market capitalization of USD 70.2 billion as of October 2, 2026. Its 52-week range was USD 131.75 to USD 487.91, placing the close 7.97 percent below the yearly high and making execution against the AI growth thesis increasingly important.

Teradyne stock closes near yearly high

Teradyne stock closed at USD 449.04 on Nasdaq on October 2, 2026, with volume of 3,401,925 shares. The next scheduled earnings date is October 27, 2026, according to Investing.com.