◆ NeutralTERKLACCOHU

Teradyne Expands Memory Test Portfolio: Can It Beat KLAC & COHU?

Zacks Investment Research·
Teradyne Expands Memory Test Portfolio: Can It Beat KLAC & COHU?

Teradyne's memory revenues hit a record $212M in Q2 2026, marking its third consecutive quarter above $200M, driven by strong demand for HBM, DRAM, and NAND testing. The company launched Magnum E2, a next-generation memory test system supporting advanced interfaces like LPDDR6, DDR6, GDDR7, and NAND. Management expects the 2026 memory test TAM to grow over 40% compared to 2025. However, TER stock trades at a premium valuation and faces competition from KLA and Cohu.

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