Teradyne, Inc.

TER Technology Semiconductor Equipment & Materials

Teradyne, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 13.1% from fiscal 2024. In the quarter to June 2026, revenue grew 103.9%, EPS grew 387.8% and free cash flow grew 187.4%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, operating cash flow growth for three.

324.86 18.35 −5.35%
Market cap
$53.7B
P/E
44.3×
Fwd P/E
51.2×
Dividend yield
0.16%
F-score
5/9
Altman Z
15.08
Beneish M
−2.20
Dividend safety
90/100

Teradyne, Inc. (TER) Operating margin

Alert me on Operating margin

Teradyne, Inc.'s operating margin over the twelve months to 30 June 2026 was 30.2%, up 9.8 percentage points from fiscal 2025 (20.4%). Over the past ten years it has ranged from −3.59% (fiscal 2016) to 32.4% (fiscal 2021); the current reading is higher than 36% of that period. That is above the Semiconductor Equipment & Materials industry median of 10.3% and above the Technology sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 20.4% (0.68)
FY2024 21.1% 2.34
FY2023 18.7% (7.65)
FY2022 26.4% (6.06)
FY2021 32.4% 2.69
FY2020 29.7% 5.62
FY2019 24.1% 1.57
FY2018 22.6% (2.04)
FY2017 24.6% 28.18
FY2016 −3.59% (18.41)

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 32.9% (3.94)
Mar 2026 36.9% 9.82
Dec 2025 27.1% 8.17
Sep 2025 18.9% 4.97
42 more quarters

Against its own ten years

Low −3.59% High 32.4%
Ten-year median 22.6%
Current reading's percentile 90

Operating margin against peers

Company Operating margin
KLAC KLA Corporation compare 41.7%
TER Teradyne, Inc. 30.2%
AMAT Applied Materials, Inc. compare 29.6%
NVMI Nova Ltd. compare 29.0%
Q Qnity Electronics, Inc. compare 19.9%
ENTG Entegris, Inc. compare 16.1%
FORM FormFactor, Inc. compare 12.9%
ONTO Onto Innovation Inc. compare 12.0%
AMKR Amkor Technology, Inc. compare 8.64%
Semiconductor Equipment & Materials industry median 10.3%
Technology sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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