TER · 10-Q · 2026Q3 · Full report

Operating Expense Trends

TERADYNE, INC · 2026-10-30 · Importance 72 · Surprise 74 · In source text

Third-quarter selling and administrative expense rose $29.9 million year over year to $199.0 million, while nine-month expense increased $74.0 million to $558.2 million. Third-quarter engineering and development expense increased $38.3 million to $163.1 million, and nine-month expense rose $93.6 million to $454.9 million. Teradyne attributed both expense increases to strategic investments in Semiconductor Test and higher variable compensation across all segments.

Key facts

• Teradyne's nine-month 2026 selling and administrative expenses increased $74.0 million, primarily due to strategic investments in Semiconductor Test and higher variable compensation across all segments. source
• Teradyne's nine-month 2026 engineering and development expenses increased $93.6 million, primarily due to strategic investments in Semiconductor Test and higher variable compensation across all segments. source
• Teradyne's third-quarter 2026 selling and administrative expenses increased $29.9 million, primarily due to strategic investments in Semiconductor Test and higher variable compensation across all segments. source
• Teradyne's third-quarter 2026 engineering and development expenses increased $38.3 million, primarily due to strategic investments in Semiconductor Test and higher variable compensation across all segments. source
• Teradyne recorded $2.0 million of restructuring and other charges, including $1.2 million of severance charges, during the three months ended September 27, 2026. source
• Teradyne recorded $8.5 million of restructuring and other charges during the nine months ended September 27, 2026, including $4.5 million of acquisition and divestiture expenses and $3.4 million of severance charges. source
• Teradyne is committed to reinvesting in its business, particularly in research and development, to enable continued growth in 2027. source
• The increase in Teradyne's third-quarter 2026 Robotics income before taxes and equity in net earnings of affiliate was primarily due to higher sales volume, improved product mix, and lower operating expenses resulting primarily from restructuring actions. source

Impact estimates