President, Chief Executive Officer & Director, Teradyne
Search every verified Gregory Smith interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Gregory Smith, President and CEO of Teradyne, stated during the company's Q1 2026 earnings call that the company achieved record quarterly revenue of approximately $1.3 billion and non-GAAP EPS of $2.56, surpassing its previous high from Q2 2021. Smith noted that AI-related demand accounted for nearly 70% of revenue in Q1, up from about 60% in Q4 2025. He described the company's AI opportunity as "three superimposed waves," with the first focused on data center buildout and future waves involving edge and physical AI. Smith also reported that Teradyne received its first multi-system production test orders for merchant GPU in Q1, with shipments expected in Q2, and introduced the Photon 100 tester for silicon photonics, which he said could expand the total addressable market by $300 to $700 million per year over the mid-term. Smith characterized the business as experiencing "lumpy growth" due to increasing concentration among a small number of large customers and programs. He stated that the company is "calling 2026 the year of execution" and plans to constrain G&A and sales growth while increasing R&D investment. In earlier calls, Smith noted that AI was the dominant driver of Teradyne's business and that the company's view of second-half 2025 compute revenue had grown more than 50% compared to expectations three months prior. He also mentioned securing a plan of record decision from a large customer for robotics, expected to be a significant growth driver in 2026.
“In Q1, AI-related demand accounted for nearly 70% of our revenue, up from about 60% in Q4 of 2025. Our strategy continues to be anchored across three broad trends: verticalization, electrification, and AI.”
“We expect these systems to ship, be installed, and be in production in Q2. Customer engagement remains strong and we are well positioned to capture further share as we bring up more devices on our platform.”
“I would say that, you know, like we are not talking about a TAM publicly because we feel really uncertain about which of those timelines we're living in. I don't think the numbers that Advantest gave are absurd, but I don't feel confident enough in our forecasts to share them.”
“We're going to lean into R&D because it's a target-rich environment. We're going to do our very best to constrain the growth of our G&A. We're going to do the very best that we can to manage the growth of our sales and marketing so that most of that is customer-focused technical investments.”
04/29/2026 Q&A: 20:40 Teradyne, Inc. engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through Semiconductor Test, Robotics, and Other segments. The Semiconductor Test segment offers products and services for wafer level and device package testing, and system level testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications. This segment also provid…
04/29/2025 Q&A: 17:45 Teradyne, Inc. designs, develops, manufactures, and sells automated test systems and robotics products ...
Greg Smith, Teradyne CEO, joins 'Power Lunch' to discuss the company's partnership with Nvidia, robotics and outlook.
Speaker Greg Smith is the President and CEO of Teradyne. Prior to this role, Greg held a variety of engineering, marketing and ...
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