Teradyne, Inc. (NASDAQ: TER) reported third-quarter 2025 financial results, with revenue reaching $769 million. Of this, $606 million came from its Semiconductor Test segment, $88 million from Product Test, and $75 million from Robotics. GAAP net income for the quarter was $119.6 million, or $0.75 per diluted share. On a non-GAAP basis, net income was $135.9 million, or $0.85 per diluted share, excluding items such as acquired intangible asset amortization, restructuring charges, pension mark-to-market adjustments, and discrete tax impacts. CEO Greg Smith highlighted strong performance in the Semiconductor Test Group, driven by growing demand for System-on-a-Chip (SoC) solutions used in artificial intelligence applications and robust memory testing. He noted that AI-related test demand remains high across compute, networking, and memory segments. Looking ahead, Teradyne expects fourth-quarter 2025 revenue to increase by 25% sequentially and by 27% compared to the same quarter in 2024. For the fourth quarter of 2025, Teradyne provided guidance for revenue between $920 million and $1 billion. GAAP net income per diluted share is expected to range from $1.12 to $1.39. Non-GAAP net income per diluted share is projected to be between $1.20 and $1.46, excluding acquired intangible asset amortization, amortization related to its investment in Technoprobe, and the associated tax effects. The company emphasized that its Robotics business continues to evolve, while its Semiconductor Test segment remains a key growth driver. Teradyne also reported strong cash flow from operations, with $49.1 million generated in the quarter, and ended the period with $272.7 million in cash and cash equivalents. A conference call to discuss the results and outlook is scheduled for October 29, 2025, at 8:30 a.m. ET. Investors can access the webcast and presentation materials via Teradyne’s investor relations website. A replay will be available after the event. Teradyne’s non-GAAP measures are presented as supplemental information to help investors understand the company’s core operating performance, excluding certain one-time or non-cash items. The company cautions that these non-GAAP figures may not be comparable to those of other companies and should not be viewed as a substitute for GAAP results. The forward-looking statements in the report include risks related to global economic conditions, customer demand, product development, supply chain disruptions, regulatory changes, and geopolitical factors. Teradyne specifically disclaims any obligation to update these statements beyond the date of the release.