Pricing Log in Create free account
Saturday 10 October 2026 Export all TER data to Excel Powerpack

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.

401.80 3.08 +0.77%
Market cap
$62.3B
P/E
54.8×
Fwd P/E
51.2×
Dividend yield
0.13%
F-score
5/9
Altman Z
15.08
Beneish M
−2.20
Dividend safety
90/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K
Receivables outpacing revenue
All filings →

Insider Decisions trades per month

Total sells 14.19
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 2 2 1 2 1 3 5 3 3 3 4 1
Insider Ownership 0.82%

Capital & Financial Ratios $m

Market Cap 62,340.00
Revenue 4,464.03
Net Income 1,150.57
Free Cash Flow 799.93
Net Debt (354.83)
Current Ratio 2.12 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 54.82 (above 35: high)
Fwd P/E 51.20 (above 35: high)
P/S ratio 14.08 (above 10: high)
P/B ratio 18.10 (above 6: high)
Past 5Y EPS Growth (4.11%) (below 0%: weak)
This Y EPS Growth 132.49% (at or above 15%: strong)
Next Y EPS Growth 27.62% (at or above 15%: strong)
Next Y revenue growth 61.19% (at or above 10%: strong)
Next 5Y EPS Growth 57.45% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 14.1×, against a ten-year median of 4.6×; over the ten years it ranged from 1.8× in 2016 to 16.9× in 2026.
P/E against its own 10 years 92.71%
10-year low 10-year high
P/S against its own 10 years 96.27%
10-year low 10-year high
P/B against its own 10 years 97.71%
10-year low 10-year high
EV/Sales against its own 10 years 96.27%
10-year low 10-year high
EV/FCF against its own 10 years 95.16%
10-year low 10-year high

Dividends

Payout Ratio 0.07
Annual Dividend Rate 0.51
Annual Dividend Yield 0.13%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.52
0.13
0.13
0.13
2025 0.48
0.12
0.12
0.12
0.12
2024 0.48
0.12
0.12
0.12
0.12
2023 0.44
0.11
0.11
0.11
0.11
2022 0.44
0.11
0.11
0.11
0.11
2021 0.40
0.10
0.10
0.10
0.10
2020 0.40
0.10
0.10
0.10
0.10
2019 0.36
0.09
0.09
0.09
0.09
2018 0.36
0.09
0.09
0.09
0.09
2017 0.28
0.07
0.07
0.07
0.07
2016 0.24
0.06
0.06
0.06
0.06
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 820 600 322 355
Receivables 422 471 787 1,110
Inventory 310 298 380 403
Other 61 18 33 30
2,162 1,816 1,949 2,366
2023 2024 2025 Q'26
Payables 180 135 269 383
ST’ Debt — — 200 —
Other 7 — — —
660 625 1,115 1,114

Compound Annual Growth %

10y 5y 3y
Sales 6.88% 0.44% 0.37%
Cash Flow 4.77% (4.94%) 5.28%
Earnings 10.37% (6.71%) (8.17%)
Book Value 3.58% 4.84% 4.48%

Revenue $m

Mar Jun Sep Dec Year
’26 1,282 1,329 — — —
’25 686 652 769 1,083 3,190
’24 600 730 737 753 2,820
’23 618 684 704 671 2,676
’22 755 841 827 732 3,155
’21 782 1,086 951 885 3,703
’20 704 839 819 759 3,121
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 265 469 — — —
’25 162 182 49 282 674
’24 7 216 166 283 672
’23 19 143 174 249 585
’22 7 115 272 183 578
’21 38 206 523 331 1,098
’20 43 223 343 260 869
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 200 378 — — —
’25 98 132 2 219 450
’24 (37) 171 114 225 474
’23 (22) 104 140 204 426
’22 (37) 70 233 152 418
’21 (1) 172 493 302 966
’20 6 176 280 222 684
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 2.53 2.38 — — —
’25 0.61 0.49 0.75 1.63 3.47
’24 0.40 1.14 0.89 0.90 3.32
’23 0.50 0.73 0.78 0.72 2.73
’22 0.92 1.16 1.10 1.04 4.22
’21 1.09 1.76 1.41 1.29 5.56
’20 0.97 1.05 1.21 1.05 4.28
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 17.34 25.24 28.73 29.58 42.87 104.05 67.81 81.08 92.29 65.77

Analyst estimates 2026–2028

Powerpack
High 26.59 44.63 50.68 69.90 122.37 168.91 167.69 119.20 163.21 205.00
People
People Employees 4,300 4,500 4,900 5,400 5,500 5,900 6,500 6,500 6,500 6,600
Revenue/emp, $m 0.41 0.47 0.43 0.42 0.57 0.63 0.49 0.41 0.43 0.48
Income, $m
Income, $m Revenue 1,753 2,137 2,101 2,295 3,121 3,703 3,155 2,676 2,820 3,190
Gross margin, % 54.68 57.17 58.09 58.38 57.21 59.59 59.18 57.42 58.48 58.22
EBT (55) 524 468 526 901 1,161 840 526 609 653
EBT margin, % (3.14) 24.54 22.27 22.91 28.87 31.35 26.64 19.64 21.60 20.48
Net income (43) 258 452 467 784 1,015 716 449 542 554
Depreciation 375 108 113 121 127 125 111 111 120 128
Per share, $
Per share, $ Revenue 8.65 10.79 11.19 13.47 18.79 22.45 19.91 17.34 17.73 20.05
Earnings (0.21) 1.30 2.41 2.81 4.72 6.19 4.52 2.91 3.41 3.48
Cash flow 2.25 3.16 2.54 3.40 5.23 6.66 3.65 3.79 4.23 4.24
Capex (0.42) (0.53) (0.61) (0.79) (1.11) (0.80) (1.01) (1.03) (1.25) (1.41)
Free cash flow 1.83 2.63 1.93 2.61 4.12 5.86 2.64 2.76 2.98 2.83
Book value 9.03 9.86 8.11 8.69 13.29 15.53 15.47 16.37 17.72 17.57
Shares, m 203 198 188 170 166 165 158 154 159 159
Valuation, ×
Valuation, × P/E 0.00 34.25 12.91 24.18 25.40 26.46 19.01 35.88 37.14 55.46
P/S 2.93 4.10 2.80 5.06 6.38 7.29 4.32 6.04 7.10 9.65
P/B 2.81 4.48 3.87 7.85 9.02 10.53 5.55 6.40 7.11 11.02
EV/Sales 2.46 3.43 2.45 4.85 6.05 6.95 4.06 5.76 6.92 9.63
EV/FCF 11.67 14.08 14.21 25.05 27.62 26.63 30.66 36.23 41.14 68.22
Cash, $m
Cash, $m Operating cash flow 455 626 477 579 869 1,098 578 585 672 674
Capex (85) (105) (114) (135) (185) (132) (160) (160) (198) (224)
Free cash flow 370 521 363 444 684 966 418 426 474 450
Balance, $m
Balance, $m Working capital 1,251 1,816 1,256 1,120 1,715 1,771 1,512 1,502 1,192 834
Total debt 353 366 380 414 410 108 50 — — 200
Net debt (826) (1,412) (737) (498) (1,026) (1,258) (844) (820) (600) (122)
Shareholders’ equity 1,829 1,954 1,522 1,480 2,207 2,562 2,451 2,526 2,819 2,796
Returns, %
Returns, % ROA (1.64) 8.78 15.54 17.02 24.35 27.19 19.57 12.84 15.08 14.04
ROIC (3.93) 60.60 37.70 35.22 49.14 57.53 32.36 18.35 16.72 15.20
ROE (2.29) 13.63 25.99 31.14 42.53 42.55 28.54 18.03 20.29 19.73
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Teradyne, Inc. vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LRCX Lam Research Corporation $401.2B 55.1× 38.3× +29.99% (above 0%: growing) +34.81% (above 0%: growing) −46.75% (below 0%: shrinking) 51.75% 37.39% Compare
KLAC KLA Corporation $256.7B 53.1× 39.4× +15.21% (above 0%: growing) +14.16% (above 0%: growing) −22.88% (below 0%: shrinking) 61.36% 42.49% Compare
TER Teradyne, Inc. $62.3B 54.8× 51.2× +103.90% (above 0%: growing) +387.76% (above 0%: growing) +187.39% (above 0%: growing) 59.79% 32.94%
Q Qnity Electronics, Inc. $26.5B 45.2× 39.8× +22.14% (above 0%: growing) −37.61% (below 0%: shrinking) −29.91% (below 0%: shrinking) 46.61% 19.31% Compare
ENTG Entegris, Inc. $24.8B 82.9× 48.6× +11.46% (above 0%: growing) +74.29% (above 0%: growing) +148.72% (above 0%: growing) 47.55% 18.64% Compare
ONTO Onto Innovation Inc. $14.4B 109× 48.8× +35.30% (above 0%: growing) +76.81% (above 0%: growing) +30.97% (above 0%: growing) 53.41% 18.52% Compare
AMKR Amkor Technology, Inc. $12.7B 21.9× 31.1× +25.58% (above 0%: growing) +218.18% (above 0%: growing) −276.02% (below 0%: shrinking) 16.79% 10.53% Compare
NVMI Nova Ltd. $11.3B 40.7× 50.8× +15.90% (above 0%: growing) +1.72% (above 0%: growing) −10.48% (below 0%: shrinking) 56.54% 29.88% Compare
FORM FormFactor, Inc. $10.7B 94.4× 64.7× +31.89% (above 0%: growing) +500.00% (above 0%: growing) +211.52% (above 0%: growing) 50.70% 22.38% Compare
Median of peers $19.6B 54.1× 44.2× +23.86% +54.55% −16.68% 51.23% 20.85%

All 29 Semiconductor Equipment & Materials stocks →

TER metrics, ten years each

Teradyne, Inc. (TER) key facts

  • Strength: Teradyne, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 13.1% from fiscal 2024.
  • Strength: Net income was $554.0 million, or $3.48 per share (basic), a net margin of 17.4%.
  • Teradyne, Inc. (TER) is a Semiconductor Equipment & Materials company in the Technology sector, listed on Nasdaq.
  • As of October 9, 2026, TER traded at $401.80, a market capitalization of $62.3 billion.
  • At that price the stock trades at 54.8× trailing-twelve-month earnings and 14.1× sales; its P/E is higher than 93% of its own readings over the past ten years.
  • Teradyne, Inc. pays an annual dividend of $0.51 per share, a yield of 0.13%, with a payout ratio of 7.00%.
  • Return on equity was 19.7% and debt-to-equity 0.00.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 15.08 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Teradyne, Inc. (TER) Latest News

5 Jun

Impact 5 ·
stockrow.com/TER · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com