Teradyne, Inc. stock research
FY2026 Q1
Teradyne (TER) Gross Margin & Quarterly History
Explore Teradyne, Inc. (TER) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 29, 2026 · FY2026 Q1
Revenue, gross profit, and cost of revenue all increased compared with both the prior quarter and the same quarter a year earlier. The gross margin improved from the prior quarter and remained broadly stable compared with the year-ago period, reflecting a favorable relationship between revenue growth and cost of revenue growth.
- The strongest observable margin driver is the growth in revenue relative to the growth in cost of revenue. Revenue increased more than cost of revenue compared with the prior quarter, which contributed to the gross margin expansion.
- Compared with the prior quarter, gross margin improved; compared with the same quarter a year ago, gross margin was slightly higher and essentially stable. Revenue and gross profit were higher in both comparisons, while cost of revenue also increased.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
60.9%
Gross profit
$780.9M
Revenue
$1.3B
Cost of revenue
$501.5M
Quarter-over-quarter change
+3.7 pts
Year-over-year change
+0.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 29, 2025 | $651.8M | $373.0M | $278.8M | 57.2% |
| Sep 28, 2025 | $769.2M | $449.3M | $319.9M | 58.4% |
| Dec 31, 2025 | $1.1B | $619.7M | $463.6M | 57.2% |
| Mar 29, 2026 | $1.3B | $780.9M | $501.5M | 60.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+3.7 pts
Year-over-year change
Mar 30, 2025
+0.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the growth in revenue relative to the growth in cost of revenue. Revenue increased more than cost of revenue compared with the prior quarter, which contributed to the gross margin expansion.
Compared with the prior quarter, gross margin improved; compared with the same quarter a year ago, gross margin was slightly higher and essentially stable. Revenue and gross profit were higher in both comparisons, while cost of revenue also increased.
Monitor the trend of cost of revenue as a proportion of revenue in future quarters.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Teradyne, Inc. (TER) | 60.9% |