Robots Everywhere: Goldman Sachs Now Sees 6.5 Million Humanoid Robots by 2035

On the test-and-automation layer, Teradyne reported Q2 2026 revenue of $1.329B, up 103.9% year over year, with Robotics revenue of $100 million, up 33% year over year. CEO Greg Smith called out “physical AI applications” as the driver.

On the humanoid layer itself, Tesla is installing first-generation Optimus production lines at Fremont after decommissioning Model S and X lines, and Elon Musk described an aspirational target of 10 million units a year of Optimus 4 versus a million units a year of Optimus 3. And on the commercialization analog, Intuitive Surgical closed the quarter with almost 13,000 systems installed worldwide, proving that robotics scaling in a regulated, mission-critical setting can compound for a decade.

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Goldman Sachs projects 6.5 million humanoid robots shipped globally by 2035, and Teradyne has already surged 229% over the past year. Tesla installs Optimus production lines as Elon Musk targets 10 million annual units, while TSMC guides 40%+ full-year revenue growth through 2030. A voluntary AI slowdown flagged by Anthropic and OpenAI leaders remains the single risk that could stall Goldman's entire 6.5 million-unit build cycle. The professional research desk has always been the part of Wall Street that retail investors could not buy. AlphaSpace by Yahoo Finance opens one for $39.95 a month, and the first seven days cost nothing.1(Sponsor) Chris Lange · Sep 13, 2026

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Companies Mentioned

GS GS Goldman Sachs$1,029.18 +0.92%ISRG ISRG Intuitive Surgical$369.15 +2.41%NVDA NVDA NVIDIA$218.29 −0.03%TER TER Teradyne$379.72 +2.57%TSLA TSLA Tesla$365.44 +0.52%TSM TSM Taiwan Semiconductor Manufacturing$433.24 +1.22%

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Image 14: Jensen Huang wears a black leather jacket and wire-rimmed glasses, sitting against a neutral grey background, mouth slightly open as if mid-speech.

Jensen Huang Just Called Humanoid Robots a $40 Trillion Market. Here’s Why Wall Street Is Loading Up on Physical AI Stocks