Teradyne, the Massachusetts-based test and automation giant, delivered record-breaking first quarter results. The company’s Robotics segment, home to collaborative robot maker Universal Robots and mobile robot brand MiR, generated $91 million in revenue for the three months ending 29 March 2026. That figure represents growth year-over-year, according to CEO Greg Smith, who stated that all business groups — Semiconductor Test, Product Test, and Robotics — “delivered strong year-over-year growth.” Robotics accounted for 7% of Teradyne’s $1.28 billion in total quarterly revenue.
“All of our business groups delivered strong year-over-year growth, which we expect to continue with robust AI driven momentum as the catalyst.”, said Greg Smith, CEO, Teradyne. The dominant force at Teradyne right now is unambiguously its Semiconductor Test business, which contributed $1.11 billion to the quarter’s record revenues — revenues that management noted were up 87% year-over-year and driven by surging demand for AI chip testing. Approximately 70% of total company revenue is now tied to AI-related demand, a striking concentration that has effectively repositioned Teradyne as an AI infrastructure play in investors’ eyes.
For the robotics industry, the detail lies in the recent restructuring footnotes in the earnings release. In both Q3 and Q4 of 2025, Teradyne carried out layoffs that primarily affected the Robotics division, approximately 150 employees in Q1 2025 and a further 200 in Q4 2025. These cuts, totalling well over 350 roles across two consecutive quarters, signal that the unit underwent a significant reset before returning to the growth trajectory management is now citing.
No segment-level profitability figures were disclosed, leaving open the question of whether the robotics business is yet generating positive operating income. With restructuring charges now sharply reduced — down to $3.4 million in Q1 2026 from $15.1 million in Q4 2025 — the worst of the pain may be behind the division. Looking ahead, Teradyne guided for Q2 2026 revenues of $1.15 billion to $1.25 billion overall. No robotics-specific outlook was provided, but the tone on all three segments suggests the division is expected to hold its current trajectory.
