10 analysts' median target is $370[FMP target], stock is $360, +2.8% upside potential. After Q1 +21.3% EPS beat[FMP earnings], the stock moved -19.4%.
A- = MoonshotScore 71[9-pillar formula] + Council 3/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Q1 consensus: revenue $1.2B[FMP est], EPS $2.05[FMP est]. 8 consecutive quarters of beat[FMP earnings].
Q1 EPS +21.3% beat[FMP] but the stock -19.4% D+1[FMP D+1]. Michelle Turner promised $64.7M CapEx + a sequential decline in Q1 during the Q1 earnings call[Michelle Turner capex transcript].
Watchlist
Robotics Growth
robotics_growth
Robotics delivered its fourth consecutive quarter of sequential growth, with strong customer engagement across e-commerce, electronics manufacturing, and semiconductor end markets.
"In Robotics, we delivered our fourth consecutive quarter of sequential growth. This is particularly notable because Q4 is typically our strongest quarter and Q1 is typically down. We're seeing strong customer engagement across e-commerce, electronics manufacturing and semiconductor end markets."
- Gregory Smith, CEO - Q1 FY26 Earnings Call - April 29, 2026
Ai Revenue Increase
ai_revenue_increase
AI-related demand accounted for nearly 70% of revenue in Q1 2026, up from about 60% in Q4 2025.
"In Q1, AI-related demand accounted for nearly 70% of our revenue, up from about 60% in Q4 of 2025."
- Gregory Smith, CEO - Q1 FY26 Earnings Call - April 29, 2026
Merchant Gpu Orders
merchant_gpu_orders
The company received its first multi-system production test orders for merchant GPU in Q1, and these systems are expected to ship, be installed, and be in production in Q2.
"Aligned with this momentum, I am pleased to share that we have received our first multi-system production test orders for merchant GPU in Q1. We expect these systems to ship, be installed and be in production in Q2."
- Gregory Smith, CEO - Q1 FY26 Earnings Call - April 29, 2026
Memory Market Growth
memory_market_growth
The overall memory market is on track for solid TAM growth for the year, and Teradyne expects to gain low single-digit share.
"The overall memory market is on track for solid TAM growth for the year, and we expect to gain low single-digit share."
- Gregory Smith, CEO - Q1 FY26 Earnings Call - April 29, 2026
Omnyx Platform Introduction
omnyx_platform_introduction
The company introduced Omnyx, a new production board test platform designed to address the unique set of test challenges for server boards and tray assemblies, enabling earlier detection of defects that are plaguing the build-out of AI data centers.
"The second product introduction is Omnyx, which is a new production board test platform designed to address the unique set of test challenges for server boards and tray assemblies. This platform uses power, thermal, optical and TDR test capabilities from across all of Teradyne to enable earlier detection of defects that are plaguing the build-out of AI data centers."
- Gregory Smith, CEO - Q1 FY26 Earnings Call - April 29, 2026
Verticalization Concentration Risk
verticalization_concentration_risk
While the business is concentrating into vertically-integrated technology companies, this concentration also increases the risk of short-term demand peaks and valleys.
"While these massive customers are driving strong growth, it also means that the business is increasingly concentrated to these customers into a smaller number of very large ASIC and commercial device programs. This concentration also increases the risk that bottlenecks in other areas could shift demand for our products, which can lead to short-term demand peaks and valleys superimposed over long-term strong growth trend."
- Gregory Smith, CEO - Q1 FY26 Earnings Call - April 29, 2026
Stock Expert AI - Methodology
9-pillar methodology. Revenue Growth and Cash Runway strong.
How is it calculated? ->6 investor frameworks. 3 bullish (Ray Dalio, Ken Griffin, Buffett), 0 bearish (none), 3 neutral (Jim Simons, Klarman, Munger).
How is it calculated? ->Quality business, trading at fair value.
How is it calculated? ->Past Performance
Q1 (April 29, 2026): EPS $2.56 vs $2.11 est[FMP], +21.3% beat. D+1 movement: -19.4%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q1: EPS $2.56 vs $2.11 beat[FMP], stock -19.4% D+1[FMP].
No RPO/backlog concentration disclosed in Q1 earnings call.
Q1 CapEx $64.7M[FMP cashflow]. Q1 op margin 36.9%[FMP op margin] - this level in Q1 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Tuesday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Tuesday evening. The framework is ready on this page: Q1 EPS threshold $2.05[FMP], CapEx threshold "below $64.7M"[Michelle Turner]. Two anchors, three scenarios.
Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).
Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts
Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This TER (TER) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.