Filing Flows › Teradyne (TER) › Q3 2026 › vs Q2 2026
Teradyne (TER) Q3 2026 vs Q2 2026 (quarter over quarter)
Teradyne's revenue fell $23.0M (-2%) from $1.3B in Q2 2026 to $1.3B in Q3 2026. The biggest changes: Product −$27.2M (-2%); Service +$4.1M (+3%). Gross margin 59.1% against 59.8% (-0.7 pts).
Teradyne, Q3 2026: revenue $1.3B (+70% year over year), operating margin 30.8%, net earnings $342M, operating cash flow $314M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 59.1% | 59.8% | -0.7 pts |
| Operating margin | 30.8% | 32.9% | -2.2 pts |
| Net margin | 26.2% | 28.2% | -2.0 pts |
| Free cash flow margin | 17.4% | 28.5% | -11.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Product | $1.2B | $1.2B | −$27.2M | -2% |
| Service | $142M | $138M | $4.1M | +3% |
| Revenue | $1.3B | $1.3B | −$23.0M | -2% |
| Gross profit | $771M | $795M | −$23.3M | -3% |
| Cost of revenue | $535M | $534M | $302K | +0.1% |
| Other income, net | $5.6M | $3.9M | $1.7M | +45% |
| Operating profit | $402M | $438M | −$35.8M | -8% |
| Operating expenses | $369M | $357M | $12.5M | +4% |
| Pre-tax earnings | $408M | $442M | −$34.1M | -8% |
| Research & development | $163M | $156M | $6.8M | +4% |
| SG&A | $199M | $193M | $6.4M | +3% |
| Other operating costs | $7.2M | $8.0M | −$756K | -9% |
| Net earnings | $342M | $375M | −$32.1M | -9% |
| Minority interests | $5.3M | $352K | $5.0M | 15× |
| Income tax | $59.8M | $66.8M | −$7.0M | -10% |
| Depreciation & amortization | $36.9M | $33.6M | $3.2M | +10% |
| Share-based compensation | $21.7M | $20.1M | $1.6M | +8% |
| Working capital & other | $87.4M | −$40.9M | $128M | — |
| Operating cash flow | $314M | $469M | −$156M | -33% |
| Free cash flow (OCF − capex) | $227M | $378M | −$151M | -40% |
| Capital expenditures | $86.3M | $90.7M | −$4.4M | -5% |
Questions
How much did Teradyne's revenue grow quarter over quarter in Q3 2026?
Teradyne's revenue fell $23.0M (-2%) from $1.3B in Q2 2026 to $1.3B in Q3 2026.
What drove Teradyne's revenue change in Q3 2026?
Product −$27.2M (-2%); Service +$4.1M (+3%).