Teradyne (TER) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 21, 2026 astatine 11:59 AM CDT 46 min read

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Tuesday, February 3, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — Gregory Smith

• Chief Financial Officer — Michelle Turner

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Greg Smith; and our CFO, Michelle Turner. Following our opening remarks, we'll supply details of our show for the 4th fourth and afloat twelvemonth of 2025, our outlook for the archetypal 4th of 2026 and our caller people net model. The property merchandise containing our 4th fourth results was issued past evening. We are providing slides arsenic good arsenic a transcript of this net publication connected the Teradyne capitalist website that whitethorn beryllium adjuvant successful pursuing the discussion. Replays of this telephone volition beryllium disposable via the aforesaid leafage aft the telephone ends. The substance that we sermon contiguous volition see forward-looking statements that impact risks that could origin Teradyne's results to disagree materially from management's existent expectations.

We caution listeners not to spot undue reliance connected immoderate forward-looking statements included successful this presentation. We promote you to reappraisal the harmless harbor connection contained successful the slides accompanying this presumption arsenic good arsenic the hazard factors described successful our yearly study connected Form 10-K for the fiscal twelvemonth ended December 31, 2024, connected record with the SEC. Additionally, these forward-looking statements are made lone arsenic of today. During today's call, we volition notation to non-GAAP fiscal measures. We person posted further accusation concerning these non-GAAP fiscal measures, including reconciliation to the astir straight comparable GAAP fiscal measures, wherever disposable connected the Investor leafage of our website.

Looking up betwixt present and our adjacent net call, Teradyne expects to enactment successful exertion oregon industrial-focused capitalist conferences hosted by Citi, Susquehanna, Morgan Stanley and Cantor. Our quiescent play volition statesman astatine the adjacent of concern connected March 13, 2026. Following Greg and Michelle's comments this morning, we'll unfastened up the telephone for questions. This telephone is scheduled for 1 hour. Greg?

Gregory Smith: Thanks, Amy, and convey you each for joining america today. I'll commencement disconnected by summarizing our 4th fourth and afloat twelvemonth 2025 results and supply immoderate discourse for our archetypal presumption of 2026 and our caller people net model. Teradyne had a beardown 4th fourth with 41% sequential gross maturation and much than 100% non-GAAP net growth. Both gross and EPS were supra our precocious guidance arsenic trends we noted antecedently continued done the extremity of the year. Semiconductor Test, Product Test and Robotics each delivered double-digit sequential growth. A striking inclination was the summation successful AI-driven gross successful the 2nd fractional of 2025.