Teradyne's robotics arm grows 33% to $100 million as AI test demand doubles group revenue

Teradyne's Robotics group, which owns cobot maker Universal Robots and mobile robot maker MiR, posted second-quarter 2026 revenue of $100 million, the company said on July 28, 2026. That compares with $75 million in the same quarter of 2025, an increase of about 33%, and comes as artificial intelligence demand more than doubled the revenue of Teradyne as a whole.

Group revenue reached $1,329 million, up 104% from $651.8 million a year earlier. Semiconductor Test contributed $1,122 million, Product Test $107 million and Robotics $100 million. Net income attributable to Teradyne was $374.5 million, or $2.38 per diluted share under GAAP and $2.47 on a non-GAAP basis. Gross profit margin was 59.8%.

For the third quarter, Teradyne guided revenue to between $1.2 billion and $1.3 billion, GAAP earnings to $1.79 to $2.09 per diluted share and non-GAAP earnings to $1.85 to $2.15. The company did not give a separate outlook for Robotics in the release.

Chief Executive Greg Smith said the strategy of capturing test and robotics opportunities from wafer to AI data center had produced another record quarter. He tied the guidance to AI-related demand and to a rapid increase in wafer fabrication equipment investment.

The robotics result matters because the unit has been through a difficult stretch. Teradyne's own filings note that a Robotics restructuring in the first quarter of 2025 affected about 150 employees. A year later, quarterly Robotics revenue is about a third higher, a sign that the cuts were followed by demand recovery rather than further retrenchment.

Even so, Robotics is a shrinking share of Teradyne. It accounted for about 7.5% of revenue in the second quarter of 2026, down from about 11.5% a year earlier, because test equipment for AI chips grew far faster. For investors who once valued Teradyne partly as a robotics play, the company is now overwhelmingly an AI test supplier with a robotics option attached.

Universal Robots sells collaborative arms that can work beside people without fencing in many applications, used for machine tending, palletizing and assembly. MiR builds autonomous mobile robots that move carts and pallets inside factories and warehouses. Teradyne describes the combined offering as collaborative and mobile robots supporting manufacturing and warehouse operations for companies of all sizes.

Against listed peers, Teradyne Robotics is the smallest of four automation suppliers that reported in the summer. Symbotic posted fiscal third-quarter revenue of $720.8 million on August 5, AutoStore $192.1 million on August 13, and KION Group's Intelligent Automation Solutions segment EUR 861 million on July 30. Teradyne's 33% growth sits between KION's 23% and AutoStore's 43.4%.

For the global cobot market, the quarter suggests that spending on small industrial automation is improving, at least for Universal Robots. Smith's framing of robotics within an AI data center story also signals where Teradyne sees demand: automated handling in electronics and server assembly as well as traditional factory work.

The open question is profitability. The release does not break out Robotics operating profit, so it is not possible to tell from the numbers whether the 33% growth came with margin expansion. Pricing pressure from Asian cobot makers remains a structural risk for Universal Robots.

The next data point is the third-quarter report, due in late October 2026, which will show whether Robotics holds the $100 million level.