Teradyne, Inc (TER)

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.

Symbol
TER
Exchange
Nasdaq
Sector
Technology
Industry
Semiconductor Equipment & Materials
Market cap
$70.22B
52 week range
131.75 - 487.91

Valuation

Share price
$449.04 (close of 2026-10-02)
P/E (TTM)
61.34x
Price to book
20.22x
Price to free cash flow
87.78x
Enterprise value
$69.97B
Book value per share
$22.21

Price performance

PeriodChange
1 day+8.00%
5 days+12.72%
1 month+31.44%
3 months+21.66%
6 months+45.03%
Year to date+131.99%
1 year+210.69%
3 years+346.05%
5 years+310.19%
10 years+1980.82%
All time+37010.74%

Members of Congress who disclosed TER trades

Lisa McClain · Julie Johnson · Alan Armstrong · Tommy Tuberville

Super investors holding TER

Stephen Mandel (Lone Pine Capital LLC) · Ray Dalio (Bridgewater Associates) · Ken Griffin (Citadel) · Lee Ainslie (Maverick Capital LTD)

Profitability and growth

Return on equity
19.82%
Return on invested capital
20.49%
Return on assets
13.24%
Return on capital employed
21.19%
Gross margin
58.22%
Net margin
17.37%
EBITDA margin
24.39%
Revenue growth
13.13%
Net income growth
2.15%
Free cash flow growth
-4.99%

Cash flow and balance sheet

Free cash flow yield (TTM)
1.14%
Current ratio
2.12x
Net debt to EBITDA
-0.17x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$3.19B
Cost of revenue
$1.33B
Gross profit
$1.86B
EBITDA
$778.03M
Net income
$554.05M
Earnings per share
$3.48
Interest expense
$6.85M
Shares outstanding
159.12M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$3.19B$1.86B$554.05M$3.48
2024-12-31$2.82B$1.65B$542.37M$3.41
2023-12-31$2.68B$1.54B$448.75M$2.91
2022-12-31$3.16B$1.87B$715.50M$4.52
2021-12-31$3.70B$2.21B$1.01B$6.15
2020-12-31$3.12B$1.79B$784.15M$4.72
2019-12-31$2.29B$1.34B$467.47M$2.74
2018-12-31$2.10B$1.22B$451.78M$2.41
2017-12-31$2.14B$1.22B$257.69M$1.30
2016-12-31$1.75B$958.61M-$43.42M$-0.21

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3158.22%17.37%19.82%20.49%
2024-12-3158.48%19.23%19.24%22.81%
2023-12-3157.42%16.77%17.77%22.92%
2022-12-3159.18%22.68%29.19%40.88%
2021-12-3159.59%27.40%39.59%69.53%
2020-12-3157.21%25.12%35.53%97.39%
2019-12-3158.38%20.37%31.58%78.10%
2018-12-3158.09%21.51%29.68%99.56%
2017-12-3157.17%12.06%13.19%149.39%
2016-12-3154.68%-2.48%-2.37%-7.90%

Cash and debt by year

Period endCash
2025-12-31$293.75M
2024-12-31$553.35M
2023-12-31$757.57M
2022-12-31$854.77M
2021-12-31$1.12B
2020-12-31$1.44B
2019-12-31$911.23M
2018-12-31$1.12B
2017-12-31$1.78B
2016-12-31$1.18B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$450.41M$64.00M
2024-12-31$474.08M$60.12M
2023-12-31$425.59M$57.68M
2022-12-31$414.67M$48.23M
2021-12-31$965.89M$45.64M
2020-12-31$683.96M$44.91M
2019-12-31$444.11M$37.90M
2018-12-31$362.50M$33.58M
2017-12-31$521.12M$34.10M
2016-12-31$369.93M$30.75M

Dividend history

Most recent payment
2026-09-04
Paid in the last twelve months
$0.51
Payment dateDividend per share
2026-09-04$0.13
2026-05-21$0.13
2026-02-13$0.13
2025-11-24$0.12
2025-09-05$0.12
2025-05-22$0.12
2025-02-14$0.12
2024-11-25$0.12

Investor relations

Next earnings report

Next confirmed report
2026-10-27
Consensus EPS estimate
$2.04

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-28Jun/2026$2.04
2026-04-28Mar/2026$2.11
2026-02-02Dec/2025$1.36
2025-10-28Sep/2025$0.78
2025-07-29Jun/2025$0.54
2025-04-28Mar/2025$0.61
2025-01-29Dec/2024$0.90
2024-07-24Jun/2024$0.76

Filings and sources

Company website
teradyne.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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