Inside the research
Teradyne, Inc.
TER Research profile · latest available data
Price overview
$398.38
▲ +10.68 (+2.8%)
| 52w hi | $483.65 |
|---|---|
| 52w lo | $131.82 |
| Vol | 1.61M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.27
| Short | -0.40 |
|---|---|
| Medium | +0.62 |
| Long | +0.93 |
computed 2026-09-27
Key fundamentals
Teradyne, Inc.
Technology · Semiconductor Equipment & Materials
| Market cap | $62.28B |
|---|---|
| Enterprise value | $62.06B |
| Trailing P/E | 54.65x |
| Forward P/E | 34.19x |
| EV / EBITDA | 41.24x |
| P / S (ttm) | 13.95x |
| Profit margin | 25.8% |
| Return on equity | 36.5% |
| Revenue growth | +103.9% |
| Earnings growth | +385.8% |
| Debt / equity | 2.88 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.35 | |
| Sector | +0.24 | |
| Technical | -0.14 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Teradyne, Inc. engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through Semiconductor Test, Robotics, and Other segments. The Semiconductor Test segment offers products and services for wafer level and device package testing, and system level testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications. This segment also provides FLEX test platform systems; J750 test system to address the volume semiconductor devices, including microcontrollers; Magnum platform that tests memory devices, such as flash memory and DRAM; and ETS platform for semiconductor manufacturers, and assembly and test subcontractors in the analog/mixed signal markets. It serves integrated device manufacturers that integrate the fabrication of silicon wafers into their business; fabless companies that outsource the manufacturing of silicon wafers; foundries; and semiconductor assembly and test providers. The Robotics segment provides collaborative robotic arms and autonomous mobile robots for manufacturing, logistics, and industrial customers. It also provides product test instruments which includes operations related to the design, manufacturing and marketing of products and services for defense/aerospace test, circuit-board test, wireless test systems, and silicon photonics testing. The company has a strategic collaboration with Tokyo Electron Limited for the development of a test cell solution for device screening in AI and data center applications. Teradyne, Inc. was incorporated in 1960 and is headquartered in North Reading, Massachusetts.
Risk Metrics
| Beta vs SPX | 2.25 |
|---|---|
| Corr SPX | 0.55 |
| Annual vol | 66.1% |
| Annual ret | +78.2% |
| Sharpe | 1.18 |
| Max DD | -51.5% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $369.53 |
|---|---|
| High / Low | $470.00 / $270.00 |
| Median | $387.00 |
| Analysts | 17 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 11 | |
| Hold | 6 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-30 | JP Morgan | → Overweight |
| 2026-04-30 | Goldman Sachs | → Buy |
| 2026-04-30 | Evercore ISI Group | → Outperform |
| 2026-04-30 | Citigroup | → Buy |
| 2026-04-28 | Stifel | → Buy |
| 2026-04-28 | Evercore ISI Group | → Outperform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-10 | Material Agreement, Material Obligation… | read |
| 2026-07-29 | Earnings Release, Exhibits | read |
| 2026-05-11 | Shareholder Vote | read |
| 2026-04-29 | Earnings Release, Exhibits | read |
| 2026-02-03 | Earnings Release, Exhibits | read |
| 2025-10-29 | Earnings Release, Exhibits | read |
| 2025-10-28 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-09-02 | Officer / Director Change | read |
| 2025-07-30 | Earnings Release, Exhibits | read |
| 2025-06-26 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-06-20 | 3.03, Bylaws Amendment… | read |
| 2025-05-12 | Officer / Director Change, Shareholder Vote | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 10 |
| Top-5 share | 93.3% |
| HHI | 2,547 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $3.53B | 7.29M |
| Fidelity / FMR LLC | $1.99B | 4.11M |
| AQR Capital Management | $1.14B | 2.42M |
| Capital Research / Capital World | $804.39M | 1.66M |
| Citadel Advisors | $542.34M | 1.12M |
| Ark Invest | $311.97M | 644.78K |
| Millennium Management | $112.06M | 231.60K |
| Renaissance Technologies | $105.53M | 218.10K |
| Bridgewater Associates | $47.72M | 98.63K |
| T. Rowe Price Group | $740.38K | 1.53M |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.06% |
|---|---|
| $ / share (TTM) | $0.25 |
| 5y CAGR | +3.7% |
Annual dividend per share
| 2021 | $0.40 |
|---|---|
| 2022 | $0.44 |
| 2023 | $0.44 |
| 2024 | $0.48 |
| 2025 | $0.48 |
| 2026 | $0.13 |
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $14.24M | Department of Defense | VERSATILE DIAGNOSTIC AUTOMATED TEST STATION PARTS |
| $13.34M | Department of Defense | VERSATILE DIAGNOSTIC AUTOMATED TEST STATION PARTS |
| $9.39M | Department of Defense | VERSATILE DIAGNOSTIC AUTOMATED TEST STATION PARTS |
| $9.37M | Department of Defense | DOMESTIC PRODUCTION UNITS |
| $8.36M | Department of Defense | NOUN: CIRCUIT CARD ASSEMBLY. NSN: 5998-01-659-7666. P/N: AI-762-20. QTY: 99 EA. |
| $5.19M | Department of Defense | DO - VDATS TERADYNE IDIQ |
| $5.18M | Department of Defense | THIS REQUIREMENT IS FOR THE PROCUREMENT OF KITS, REQUIRED TO ASSEMBLE VDATS, IN |
| $4.46M | Department of Defense | THIS REQUIREMENT IS FOR THE PROCUREMENT OF KITS, REQUIRED TO ASSEMBLE VDATS, IN |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $2.82B | +6.4% | |
| Gross profit | $1.54B | +11.2% | |
| Operating income | $650.05M | +6.5% | |
| Net income | $448.75M | +1.4% | |
| Cash from ops | $585.23M | +12.3% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $394.85 | $400.46 | $388.38 | $398.38 | 1.61M |
| Sep 24 | $383.08 | $388.54 | $376.02 | $387.70 | 1.33M |
| Sep 23 | $398.00 | $398.68 | $378.31 | $389.14 | 2.01M |
| Sep 22 | $373.00 | $399.40 | $370.45 | $398.69 | 2.32M |
| Sep 21 | $378.71 | $384.99 | $370.88 | $381.54 | 3.39M |
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