---
title: "Teradyne reports October 27 with a guide below its $1.33 billion record"
description: "FormFactor closed the $300 million placement on October 20, Teradyne's robots took the GTC Berlin stage on October 21, and the Texas probe-card plant opened October 22. On October 27 Teradyne must show whether a quarter guided below its last print is caution or a cooling cycle."
publisher: "The Inference"
section: "Chips"
published: 2026-10-22T14:19:47.708Z
modified: 2026-10-22T14:19:47.708Z
canonical: https://theinference.org/article/teradyne-reports-october-27-with-a-guide-below-its-1-33-billion-record
language: en
keywords: "Earnings, Semiconductors, Chip Equipment, Robotics"
---

# Teradyne reports October 27 with a guide below its $1.33 billion record

> FormFactor closed the $300 million placement on October 20, Teradyne's robots took the GTC Berlin stage on October 21, and the Texas probe-card plant opened October 22. On October 27 Teradyne must show whether a quarter guided below its last print is caution or a cooling cycle.

[Teradyne](https://theinference.org/markets/companies/teradyne) [closed a $300 million investment in probe-card maker FormFactor on October 20](https://theinference.org/article/teradyne-now-owns-a-piece-of-the-consumable-every-ai-chip-is-tested-through), put its robots on the stage at [Nvidia](https://theinference.org/markets/companies/nvidia)'s GTC Berlin on October 21, and watched [FormFactor](https://theinference.org/markets/companies/formfactor) open a new Texas plant on October 22 [2][3][5]. Now the accounts have to talk: Teradyne reports third-quarter results after the close on October 27, with the call on October 28, and its own guidance for that quarter sits below the quarter it just reported [1].

## A doubled company guides its next quarter lower

The record, dated. Second-quarter revenue hit $1.33 billion, up 103.9 percent from $652 million a year earlier, with adjusted EPS of $2.47 against $0.57 [1]. Semiconductor test supplied $1.12 billion of it; robotics, $100 million [1]. [Third-quarter guidance is $1.20 billion to $1.30 billion of revenue and adjusted EPS of $1.85 to $2.15](https://www.ad-hoc-news.de/boerse/news/corporate-news/teradyne-sets-third-quarter-results-teradyne-stock-costs-eur-293-30-ahead-of-release/70370819), both ranges below the quarter just reported [1]. The sell side, midpointed in prose: consensus of $1.26 billion and $2.08, implying 63.7 percent year-over-year revenue growth [1].

*Chart: **Teradyne guides its next quarter below the one it just reported** Column chart of Teradyne revenue: Q2 2026 actual of $1.33 billion against Q3 2026 guidance low of $1.20 billion, guidance high of $1.30 billion, and analyst consensus of $1.26 billion.*

*Teradyne quarterly revenue, USD billions. Q2 2026 reported; Q3 2026 guidance shown at the stated low and high of the $1.20-1.30 billion range and consensus at $1.26 billion, all three marked as estimates. Sources: [1] ad-hoc-news.de, [2] MarketScreener. [1][2]*

*Chart: **Revenue has doubled inside a year to the $1.33 billion record** Column chart of Teradyne quarterly revenue from Q3 2024 to Q2 2026, rising from $0.74 billion to the $1.33 billion record*

*Teradyne quarterly revenue, USD billions, eight quarters from its SEC filings. The $1.329 billion Q2 2026 print is the record the Q3 guide sits below. Source: [6] Teradyne quarterly figures from its SEC filings. [6]*

## What the $300 million bought

Teradyne spent the quarter buying into the consumable. [A Regulation D filing records FormFactor receiving $300,000,056 from a single investor, Teradyne, closed October 20](https://uk.marketscreener.com/news/formfactor-inc-announced-that-it-has-received-300-million-in-funding-from-teradyne-inc-ce785cd8de80f024) [2]. On October 22 FormFactor [opened its Farmers Branch, Texas plant for advanced probe cards](https://www.globenewswire.com/news-release/2026/10/22/3386406/0/en/formfactor-opens-farmers-branch-manufacturing-facility-to-support-growing-demand-for-advanced-probe-card-technologies.html), the hardware that touches every wafer before packaging, citing demand from GPUs, custom ASICs and high-bandwidth memory [3]. At GTC Berlin, Teradyne Robotics [showed Sereact's Cortex model running on Universal Robots arms](https://finance.yahoo.com/technology/ai/articles/teradyne-robotics-sereact-partner-scale-122600264.html) that now process returned fashion at Zalando's fulfillment centers in Greven, Germany and Świebodzin, Poland [5].

## But the filings and the insider tape pull the other way

Industrial automation is 9.7 percent of Teradyne's sales against 79.1 percent for testers [2], so the robot story stages well and weighs little. FormFactor's chief executive [Mike Slessor](https://theinference.org/markets/people/mike-slessor) has [sold $5.52 million of stock since August](https://www.basisreport.com/news/form-formfactor-ceo-sells-1-4m-after-equity-deal) with no open-market purchases, the latest $1.39 million the day after the placement was disclosed, at prices above the current $107.70 [4]. Seventeen analysts still average a $445.47 target against a $345.49 close [2].

## What October 27 decides

Two readings, two prices. If the conservative guide reflects order-book caution and the print lands above $1.33 billion, the boom is intact and the FormFactor stake looks like an offensive buy at the bottleneck [1][4]. If the print lands inside the guide, the sequential slowdown is real, and the $300 million plus the Texas plant read as hedges against a test cycle that is cooling [1][4]. FormFactor reports October 28; its call, and whether management explains the placement's purpose, lands one day after Teradyne's [1][4].

## Takeaway

Teradyne reports Q3 on October 27 with revenue guided to $1.20 to 1.30 billion, below the $1.33 billion record, and the print decides whether the $300 million FormFactor stake is an offensive buy or a hedge.

## Sources

1. [ad-hoc-news.de, Teradyne sets third-quarter results, 21 October 2026](https://www.ad-hoc-news.de/boerse/news/corporate-news/teradyne-sets-third-quarter-results-teradyne-stock-costs-eur-293-30-ahead-of-release/70370819)
2. [MarketScreener UK, FormFactor receives $300 million in funding from Teradyne, 19 October 2026](https://uk.marketscreener.com/news/formfactor-inc-announced-that-it-has-received-300-million-in-funding-from-teradyne-inc-ce785cd8de80f024)
3. [GlobeNewswire, FormFactor opens Farmers Branch manufacturing facility, 22 October 2026](https://www.globenewswire.com/news-release/2026/10/22/3386406/0/en/formfactor-opens-farmers-branch-manufacturing-facility-to-support-growing-demand-for-advanced-probe-card-technologies.html)
4. [Basis Report, FormFactor CEO sells $1.4M after equity deal, 21 October 2026](https://www.basisreport.com/news/form-formfactor-ceo-sells-1-4m-after-equity-deal)
5. [Business Wire via Yahoo Finance, Teradyne Robotics and Sereact partner to scale physical AI, 21 October 2026](https://finance.yahoo.com/technology/ai/articles/teradyne-robotics-sereact-partner-scale-122600264.html)
6. [Teradyne, quarterly figures from its SEC filings, retrieved 22 October 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000097210)


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Teradyne reports October 27 with a guide below its $1.33 billion record — The Inference. Canonical: https://theinference.org/article/teradyne-reports-october-27-with-a-guide-below-its-1-33-billion-record