Teradyne Robotics revenue rises 33% year over year in Q2

Bobs Red Mill and Columbia use the UR20 robot for palletizing in their facility. | Source: Universal Robots

Teradyne Robotics this week said it brought in $100 million in revenue in the second quarter of 2026. The North Reading, Mass.-based company is a unit of automated test equipment supplier Teradyne Inc., which said it expects an increase in semiconductor and data center demand to increase sales.

“Our strategy to capture test and robotics opportunities from wafer to AI data center has driven another record quarter,” stated Greg Smith, CEO of Teradyne. “This strength became evident in the year-on-year market expansion for all three of our business groups.”

“In the short term, our Q3 guidance reflects robust AI-related demand,” he added. “Looking further ahead, rapid increase in wafer fab equipment investment sets the stage for continued growth in 2027 and beyond.”

Teradyne Robotics includes force- and power-limited robot maker Universal Robots ( UR ) and mobile robot provider ( MiR ), both of which are headquartered in Odense, Denmark.

The $100 million in quarterly revenue is an increase from the $91 million that Teradyne Robotics made in Q1 2026 . The company marked its fifth consecutive quarter of growth. It also reported 33% year-over-year revenue growth from Q2 2025, when it made $75 million.

While Teradyne Robotics’ revenue is growing, it’s making up a smaller part of Teradyne’s overall business. Robotics made up 8% of the company’s total revenue this quarter, a slight increase from 7% last quarter but down from the 12% it made up last year. Back in Q4 2023, robotics earned about 19% of Teradyne’s total revenue.

The company also noted that the U.S. market is becoming increasingly important. In Q2 2026, U.S. sales increased to 32% of Teradyne Robotics’ overall sales. To keep up with this demand, Teradyne plans to launch a manufacturing center in Michigan later this year.

Looking ahead to the second half of the year, Michelle Turner, chief financial officer of Teradyne, said she expects the company’s growth to continue through the rest of 2026.

Teradyne Robotics’ quarterly revenue from Q1 2020 through Q2 2025. | Source: The Robot Report

Smith started Teradyne’s earnings call with a clear statement: AI is the main driver of its second quarter of record revenue growth.