Ladies and gentlemen, good morning, and welcome to the Teradyne First Quarter 2026 Earnings Conference Call. Operator instructions were provided. As a reminder, today's call is being recorded. I now would like to turn the call over to Amy McAndrews, VP,...
Amy McAndrews
VP, Corporate Relations
0.00Thank you, operator. Good morning, everyone, and welcome to our discussion of Teradyne's most recent financial results. I'm joined this morning by our CEO, Greg Smith, and our CFO, Michelle Turner. Following our opening remarks, we'll provide details of our...
Good morning. With revenue of approximately $1.3 billion and non-GAAP EPS of $2.56, Teradyne delivered record results in the first quarter of 2026. Our previous high watermark was in the consumer-driven mobile peak of Q2 of 2021. In Q1 of 2026, our revenue was...
Thank you, Greg, and good morning, everyone. Today, I will cover our first quarter financial results and our second quarter 2026 outlook. Starting first with Q1. First quarter sales were $1.282 billion with non-GAAP EPS of $2.56, both above the high end of our...
Operator instructions were provided. And we'll take our first question from Timothy Arcuri with UBS.
Timothy Arcuri
Analyst, UBS
-0.10Greg, my question is on the back half of the year. It sounds like demand signals have not materially changed over the past three months, but you're not raising guidance for the back half of the year. Is this, to some degree, factoring in some constraints that...