TER Q2 revenue doubles to $1.3B on AI compute/memory surge; acquires MLTP for $158M

Filed July 31, 2026 · Period ending June 28, 2026 · Compared to 10-Q Aug 1, 2025 · ~2 min read

Key Changes

• high

  Total revenue surged 103.9% YoY to $1.3B, driven by AI compute and memory demand in Semiconductor Test, which grew 128.1% ($629.9M increase). Operating income jumped 382% to $437.8M.

  MD&A: Revenue & Operating Income verify on EDGAR →
• high

  Acquired 75% controlling interest in MLTP joint venture for $157.8M to develop test solutions for AI data center high-speed connections, expanding Product Test segment's addressable market.

  MD&A: MLTP Acquisition verify on EDGAR →
• high

  Robotics operating loss narrowed from $18.5M to $2.6M ($15.9M improvement) as revenue grew 103.9%, reversing prior-year market weakness. Segment approaching breakeven.

  MD&A: Robotics Profitability verify on EDGAR →