Teradyne, Inc. entered into a five-year, senior secured revolving credit facility with PNC Bank on August 7, 2026, providing access to $1.0 billion for working capital and general corporate purposes. No funds have been drawn at this time. The agreement includes financial covenants limiting the consolidated leverage ratio to 3.50:1.00 (increasing to 4.00:1.00 during acquisition quarters) and requiring a minimum interest coverage ratio of 2.50:1.00, subject to suspension if the company achieves an investment-grade rating from two major agencies. Teradyne operates in the semiconductor test equipment industry.

Teradyne reported second quarter 2026 financial results with revenue of $1,329 million, exceeding the high end of guidance and marking a 104% increase from the prior year period. GAAP diluted earnings per share were $2.38, while non-GAAP diluted EPS reached $2.47, representing growth of over 300% compared to Q2 2025. The company declared a quarterly cash dividend of $0.13 per common share. Teradyne provided third quarter 2026 guidance projecting revenue between $1,200 million and $1,300 million with non-GAAP EPS of $1.85 to $2.15. The company designs, develops, and manufactures automated test equipment for semiconductors and advanced robotics systems.