Teradyne Signals Second-Half Transition as Guidance Misses Expectations
Teradyne reported first-quarter 2026 revenue of $1.28 billion and a gross margin of 60.9%. The company guided second-quarter revenue to $1.15 billion to $1.25 billion, implying about a 6% sequential decline at the midpoint, and management said 55% to 60% of full-year 2026 revenue will be concentrated in the first half. The stock fell 20% after the earnings release.
A GF Overseas Electronics & Communications review said the outlook points to a transition period in the second half of 2026, with AI-driven growth expected to become more meaningful in 2027. The review said Teradyne's first GPU tester shipments in the quarter were mainly for Nvidia gaming GPUs, while testers for Nvidia's Rubin platform are expected to begin shipping in the fourth quarter of 2026 and ramp to 100 to 150 units in 2027. Management also put the medium-term market for co-packaged optics test equipment at $300 million to $700 million, though low SoIC yields are weighing on near-term shipment expectations.
From the sources (2 posts)
@jukan05[GF Overseas Electronics & Communications] Teradyne 1Q26 Review: Entering a Transition Period in 2H26 ☄️ Teradyne 1Q26 Review: Entering a Transition Period in 2H26 ☀️ Strong 1Q results, but full-year 2026 guidance fell short of expectati
@jukan05Interesting… According to GFHK’s analysis, low TSMC SoIC yields have led the industry to lower its near-term — i.e., 2026 — CPO shipment forecasts. For what it’s worth, I was a bit disappointed that Teradyne seemed to acknowledge Advantes