TER

Teradyne
D

TER

Arincen68/100B

If you had invested in Teradyne ago, it would be worth $11,655 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

68/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Teradyne key facts

Style
Growth stock · 10.0/10Growth 10.0 · Value 5.7 · Dividend 1.0
Day range
251.550 – 263.710
52-week range
151.520 – 487.910
Market capitalization
39.34B USD
P/E
28.73
PEG ratio
0.43
EPS
8.77
Div Yield
0.21%
EPS growth forecast (FY2026)
+139.2%
Volume
10,788
Beta
1.75
ESG score
59.5/100Environment 55 · Social 60 · Governance 64
Sector
Technology
Industry
Semiconductors
CEO
Gregory Stephen Smith
Employees
7K
IPO date
14 Sept 1970

Teradyne earnings

Next earnings · Q4 FY2026
EPS estimate
2.13 USD
Revenue estimate
1.32B USD
Last quarter · Q3 FY2026
EPS2.29Beat +9.6%Revenue1.31BBeat +3.0%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20273.35——+46.11%1.71B——+30.96%
Q2 FY20272.86——+15.98%1.56B——+17.10%
Q1 FY20272.42——-5.28%1.40B——+9.05%
Q4 FY20262.13——+18.33%1.32B——+21.42%
Q3 FY20262.092.29+9.57%+169.41%1.27B1.31B+3.01%+69.78%
Q2 FY20262.092.47+18.18%+333.33%1.22B1.33B+8.97%+103.90%
Q1 FY20262.112.56+21.33%+241.33%1.20B1.28B+6.87%+87.04%
Q4 FY20251.381.80+30.43%+89.47%977.22M1.08B+10.86%+43.89%
Q3 FY20250.790.85+7.59%-5.56%744.13M769.21M+3.37%+4.33%
Q2 FY20250.540.57+5.17%-33.72%650.59M651.80M+0.18%-10.70%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Teradyne analyst forecast

12-month price target
445.13 USD
+76.65%

Analysts' 1-year price targets range from 284.00 to 550.00, with an average of 445.13.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
11 ratings
Buy
9
Hold
2
Sell
0

12-month price target

Highest target550.00
Average target445.13
Lowest target284.00
Current price251.98

Teradyne valuation

Price to earnings ratio (TTM)
28.73
Forward P/E (FY2026)
26.54
Price to sales (TTM)
7.87
Price to book
10.67
EV / EBITDA (TTM)
21.77

Capital structure

Market capitalization
39.34B USD
+
Total debt
137.12M USD
−
Cash and short-term investments
466.59M USD
=
Enterprise value
39.01B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)15.60————
FY2027 (est.)20.4215.60———
FY2026 (est.)26.5420.42———
Now (TTM)28.7321.067.8710.6721.77
FY202555.4620.389.4910.8337.35
FY202436.9334.167.107.1126.78
FY202337.2934.166.266.6325.20
FY202219.3330.514.395.6513.81
FY202126.5920.417.2910.5220.01

Teradyne against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Microchip Technology, Astera Labs, Inc. Common Stock, Microchip Technology, ON Semiconductor, Qnity Electronics, and Monolithic Power Systems, the US Semiconductors companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median28.7
    14.1119.8
  • Gross marginBelow its median58.2%
    57.4%59.6%
    Against its peers: 2 of 6Peers' median 55.2%
  • Operating marginBelow its median20.4%
    18.7%32.4%
    Against its peers: 3 of 6Peers' median 20.3%
  • Net marginBelow its median17.4%
    16.8%27.4%
    Against its peers: 3 of 6Peers' median 14.6%
  • Return on equityAt its median19.8%
    17.8%39.6%
    Against its peers: 1 of 6Peers' median 9.8%
  • Free cash flow marginBelow its median14.1%
    13.1%26.1%
    Against its peers: 6 of 6Peers' median 23.7%
  • Revenue growthAbove its median13.1%
    -15.2%18.6%
    Against its peers: 3 of 6Peers' median 9.7%
  • EPS growthAt its median4.8%
    -35.3%29.2%
    Against its peers: 1 of 4Peers' median -65.2%
  • Debt to EBITDAHighest in 5 years0.43×
    0.14×0.43×
    Against its peers: 3 of 6Peers' median 3.55×
  • Current ratioLowest in 5 years1.76
    1.763.28
    Against its peers: 6 of 6Peers' median 4.52

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Teradyne growth and profitability

Revenue (TTM)
5.00B USD
Net income (TTM)
1.37B USD
Gross margin
59.32%
Operating margin
32.11%
Net margin
27.46%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20253.19B+13.13%554.05M+2.15%58.22%20.38%17.37%812.01M+10.87%
FY20242.82B+5.36%542.37M+20.86%58.48%21.06%19.23%732.41M+14.39%
FY20232.68B-15.17%448.75M-37.28%57.42%18.72%16.77%640.26M-32.94%
FY20223.16B-14.79%715.50M-29.48%59.18%26.37%22.68%954.78M-26.80%
FY20213.70B+18.63%1.01B+29.39%59.59%32.43%27.40%1.30B+23.99%

Teradyne revenue breakdown

By product

FY2025
Product: 83.4%Service: 16.6%83.4%Product16.6%Service
SegmentRevenueShare of revenueChange on the year
Product2.66B83.4%+15.9%
Service529.83M16.6%+0.9%

By region

FY2025
Taiwan: 36.2%China: 14.1%South Korea: 14.0%United States: 11.3%EMEA: 6.8%Rest of World: 4.2%Malaysia: 3.4%Singapore: 3.0%Philippines: 2.9%Thailand: 2.1%Japan: 2.1%36.2%Taiwan14.1%China14.0%South Korea11.3%United States6.8%EMEA4.2%Rest of World3.4%Malaysia3.0%Singapore2.9%Philippines2.1%Thailand2.1%Japan
RegionRevenueShare of revenueChange on the year
Taiwan1.16B36.2%+91.9%
China451.29M14.1%+20.3%
South Korea446.30M14.0%-35.8%
United States360.89M11.3%-3.6%
EMEA215.43M6.8%-14.3%
Rest of World132.54M4.2%+24.8%
Malaysia107.37M3.4%+72.1%
Singapore95.23M3.0%+5.7%
Philippines92.52M2.9%+72.5%
Thailand67.65M2.1%+37.3%
Japan65.62M2.1%-58.9%

How Teradyne makes its money

Product2.66B 83.4%
Service529.83M 16.6%
Revenue3.19B 100.0%
Cost of revenue1.33B 41.8%
Gross profit1.86B 58.2%
Research and development504.60M 15.8%
Selling and administration651.49M 20.4%
Other operating expenses51.21M 1.6%
Operating income650.05M 20.4%
Tax79.30M 2.5%
Other expense16.71M 0.5%
Net income554.05M 17.4%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Teradyne dividends

Annual dividend
0.52 USD
Dividend yield (indicated)
0.21%
Payout ratio
7.30%
Years of dividend growth
1
Frequency
Quarterly
Next payment
0.13 USD
Next ex-dividend date
23 Nov 2026
Next payment date
16 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share0.480.480.440.440.400.400.360.360.280.24

Teradyne financial health

Cash and short-term investments
466.59M USD
Total debt
137.12M USD
Net cash
329.47M USD
Free cash flow (TTM)
1.02B USD
Current ratio
2.08
Debt to equity
0.04
Piotroski score
8 / 9
Altman Z-score
15.65

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025322.00M347.14M450.41M
FY2024599.67M134.54M474.08M
FY2023819.73M147.71M425.59M
FY2022894.39M132.89M414.67M
FY20211.37B184.58M965.89M

Teradyne ownership

Institutions
97.95%
Institutional holders
1,501 (+203)
Free float
99.81%

Who owns the shares

Institutions 98.0% Others 2.0%
As of 30 Jun 2026

Shares free to trade

Free float 155.82M shares ·99.8% Closely held 303.13K shares ·0.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026050.006.35K
Q3 2026010307.0016.10K
Q2 202601113.04K28.59K
Q1 202604100.56K42.22K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025156.41M159.72M-2.20%
FY2024159.08M163.31M-0.60%
FY2023154.31M164.30M-3.20%
FY2022158.43M169.73M-7.56%
FY2021164.96M183.63M+0.32%

Source: Financial Modeling Prep

Related Instruments News

Title: Teradyne

Sector: Technology
Industry: Semiconductors
Teradyne provides testing equipment, including automated test equipment for semiconductors, system testing for hard disk drives, circuit boards, and electronics systems, and wireless testing for devices. The firm entered the industrial automation market in 2015 and sells collaborative and autonomous robots for factory applications. Teradyne serves numerous end markets and geographies, directly and indirectly, through its products, but its most significant exposure is to semiconductor testing. Teradyne serves vertically integrated, fabless, and foundry chipmakers with its equipment.

Common questions about Teradyne stock