Teradyne Robotics Revenue Rises 33% Year-Over-Year in Q2

Teradyne Robotics reported revenue rose 33% year-over-year in the second quarter of 2026, the Robot Report reported on July 31. The growth was driven by US customers and AI-related demand for industrial robotics, with particular strength in collaborative robots (cobots) and autonomous mobile robots (AMRs).

The Numbers

Teradyne Robotics - which includes Universal Robots and MiR - reported quarterly revenue of $362 million, up from $272 million a year earlier. Universal Robots, the cobot business, grew 40% year-over-year, and MiR, the AMR business, grew 25%. Both businesses benefited from US manufacturing reshoring and AI-driven automation in logistics and warehousing.

"Teradyne Robotics said growth in the U.S. and in AI were big drivers for its revenue increase in the second quarter of 2026," the Robot Report wrote.

Why It Matters

Teradyne's results are a useful proxy for the broader industrial robotics market. The 33% growth rate is well above the long-term average and reflects two structural forces: reshoring of US manufacturing, which is driving demand for flexible automation, and AI-driven productivity improvements, which are making robots more capable and easier to deploy. Universal Robots' cobots are particularly well suited to the small-batch, high-mix manufacturing that reshoring requires.

What's Next

Teradyne raised its full-year guidance for the robotics segment. The company is investing in AI-enabled robotics software and in new product launches targeted at warehouse and logistics. Competitors - including ABB, KUKA, and Fanuc - are reporting similar demand strength. The Robot Report's July review identified AI infrastructure as one of the top robotics themes of the year.