(TER) Teradyne - Overview

Sector: Technology | Industry: Semiconductor Equipment & Materials | Exchange: NASDAQ (USA) | Market Cap: 57.395m USD | Total Return: 308.6% in 12m

Semiconductor Testers, Collaborative Robots, Mobile Robots, Wireless Testers
Total Rating 82
Safety 62
Buy Signal 0.70
Semiconductor Equipment & Materials
Industry Rotation: -9.0
Market Cap: 57.4B
Avg Turnover: 1.34B
Risk 3d forecast
Volatility82.0%
VaR 5th Pctl13.2%
VaR vs Median-2.83%
Reward TTM
Sharpe Ratio2.46
Rel. Str. IBD96.8
Rel. Str. Peer Group66.2
Character TTM
Beta2.336
Beta Downside2.082
Hurst Exponent0.510
Drawdowns 3y
Max DD58.18%
CAGR/Max DD0.91
CAGR/Mean DD2.89
EPS (Earnings per Share) EPS (Earnings per Share) of TER over the last years for every Quarter: "2021-03": 1.11, "2021-06": 1.91, "2021-09": 1.59, "2021-12": 1.37, "2022-03": 0.98, "2022-06": 1.21, "2022-09": 1.15, "2022-12": 0.92, "2023-03": 0.55, "2023-06": 0.79, "2023-09": 0.8, "2023-12": 0.79, "2024-03": 0.51, "2024-06": 0.86, "2024-09": 0.9, "2024-12": 0.95, "2025-03": 0.75, "2025-06": 0.49, "2025-09": 0.85, "2025-12": 1.8, "2026-03": 2.56,
EPS CAGR: 22.12%
EPS Trend: 27.1%
Last SUE: 3.34
Qual. Beats: 3
Revenue Revenue of TER over the last years for every Quarter: 2021-03: 781.606, 2021-06: 1085.728, 2021-09: 950.501, 2021-12: 885.046, 2022-03: 755.37, 2022-06: 840.766, 2022-09: 827.073, 2022-12: 731.836, 2023-03: 617.529, 2023-06: 684.437, 2023-09: 703.732, 2023-12: 670.599, 2024-03: 599.819, 2024-06: 729.879, 2024-09: 737.298, 2024-12: 752.884, 2025-03: 685.68, 2025-06: 651.797, 2025-09: 769.21, 2025-12: 1083.337, 2026-03: 1282.494,
Rev. CAGR: 11.92%
Rev. Trend: 40.9%
Last SUE: 1.88
Qual. Beats: 3

Warnings

No concerns identified

Tailwinds

Leader, Confidence

Description: TER Teradyne

Teradyne, Inc. designs and manufactures automated test equipment and robotics solutions for global markets. The company operates through distinct segments focused on semiconductor testing and industrial robotics. Its testing platforms, including the FLEX and Magnum systems, provide critical quality assurance for logic, RF, and memory chips used in automotive, consumer electronics, and cloud computing infrastructure.

The business model relies on high technical integration with integrated device manufacturers (IDMs) and fabless semiconductor firms. As chip architectures become more complex, the demand for sophisticated system-level testing increases to ensure yield and reliability. Teradyne’s robotics division expands its reach into industrial automation through collaborative robotic arms and autonomous mobile robots (AMRs), addressing labor shortages and efficiency in manufacturing and logistics.

The semiconductor equipment sector is characterized by high cyclicality and heavy R&D investment requirements to keep pace with Moores Law. For those analyzing long-term growth drivers, ValueRay provides deeper insights into the companys competitive positioning. Teradyne also maintains a presence in the defense and aerospace sectors through specialized circuit-board and wireless test instrumentation.

Headlines to Watch Out For
  • High-end smartphone chip complexity drives demand for advanced semiconductor test platforms
  • Global manufacturing labor shortages accelerate adoption of collaborative robotics and autonomous mobile robots
  • Recovery in automotive and industrial semiconductor markets stabilizes core testing equipment revenue
  • Geopolitical trade restrictions on advanced chip equipment impact sales to Chinese semiconductor manufacturers
Piotroski VR‑10 (Strict) 7.5
Net Income: 854.1m TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA -3.94 > 1.0
NWC/Revenue: 30.66% < 20% (prev 38.08%; Δ -7.42% < -1%)
CFO/TA 0.18 > 3% & CFO 777.9m > Net Income 854.1m
Net Debt (-159.5m) to EBITDA (1.11b): -0.14 < 3
Current Ratio: 2.15 > 1.5 & < 3
Outstanding Shares: last quarter (157.6m) vs 12m ago -2.69% < -2%
Gross Margin: 58.79% > 18% (prev 0.59%; Δ 5.82k% > 0.5%)
Asset Turnover: 93.05% > 50% (prev 78.41%; Δ 14.64% > 0%)
Interest Coverage Ratio: 69.13 > 6 (EBITDA TTM 1.11b / Interest Expense TTM 14.6m)
Altman Z'' 5.11
A: 0.26 (Total Current Assets 2.17b - Total Current Liabilities 1.01b) / Total Assets 4.43b
B: 0.25 (Retained Earnings 1.12b / Total Assets 4.43b)
C: 0.25 (EBIT TTM 1.01b / Avg Total Assets 4.07b)
D: 0.87 (Book Value of Equity 1.12b / Total Liabilities 1.29b)
Altman-Z'' Score: 5.11 = AAA
Beneish M -2.09
DSRI: 1.85 (Receivables 1.11b/460.4m, Revenue 3.79b/2.91b)
GMI: 1.01 (GM 58.79% / 59.36%)
AQI: 0.99 (AQ_t 0.36 / AQ_t-1 0.36)
SGI: 1.30 (Revenue 3.79b / 2.91b)
TATA: 0.02 (NI 854.1m - CFO 777.9m) / TA 4.43b)
Beneish M-Score: -2.09 (Cap -4..+1) = BB
What is the price of TER shares? As of May 17, 2026, the stock is trading at USD 337.88 with a total of 4,246,497 shares traded.
Over the past week, the price has changed by -6.08%, over one month by -7.42%, over three months by +10.59% and over the past year by +308.64%.
Is TER a buy, sell or hold? Teradyne has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy TER.
  • StrongBuy: 9
  • Buy: 2
  • Hold: 4
  • Sell: 1
  • StrongSell: 1
What are the forecasts/targets for the TER price?
Analysts Target Price 369.5 9.4%
Teradyne (TER) - Fundamental Data Overview as of 13 May 2026
P/E Trailing = 68.0223
P/E Forward = 51.0204
P/S = 15.1563
P/B = 17.9143
P/EG = 1.4235
Revenue TTM = 3.79b USD
EBIT TTM = 1.01b USD
EBITDA TTM = 1.11b USD
Long Term Debt = 82.4m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 18.4m USD (from shortTermDebt, last quarter)
Debt = 82.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -159.5m USD (from netDebt column, last quarter)
Enterprise Value = 57.23b USD (57.39b + Debt 82.4m - CCE 245.6m)
Interest Coverage Ratio = 69.13 (Ebit TTM 1.01b / Interest Expense TTM 14.6m)
EV/FCF = 103.5x (Enterprise Value 57.23b / FCF TTM 553.2m)
FCF Yield = 0.97% (FCF TTM 553.2m / Enterprise Value 57.23b)
FCF Margin = 14.61% (FCF TTM 553.2m / Revenue TTM 3.79b)
Net Margin = 22.55% (Net Income TTM 854.1m / Revenue TTM 3.79b)
Gross Margin = 58.79% ((Revenue TTM 3.79b - Cost of Revenue TTM 1.56b) / Revenue TTM)
Gross Margin QoQ = 60.89% (prev 57.49%)
Tobins Q-Ratio = 12.91 (Enterprise Value 57.23b / Total Assets 4.43b)
Interest Expense / Debt = 8.89% (Interest Expense 7.33m / Debt 82.4m)
Taxrate = 13.35% (62.2m / 465.7m)
NOPAT = 871.8m (EBIT 1.01b * (1 - 13.35%))
Current Ratio = 2.15 (Total Current Assets 2.17b / Total Current Liabilities 1.01b)
Debt / Equity = 0.03 (Debt 82.4m / totalStockholderEquity, last quarter 3.14b)
Debt / EBITDA = -0.14 (Net Debt -159.5m / EBITDA 1.11b)
Debt / FCF = -0.29 (Net Debt -159.5m / FCF TTM 553.2m)
Total Stockholder Equity = 2.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 20.99% (Net Income 854.1m / Total Assets 4.43b)
RoE = 29.72% (Net Income TTM 854.1m / Total Stockholder Equity 2.87b)
RoCE = 34.04% (EBIT 1.01b / Capital Employed (Equity 2.87b + L.T.Debt 82.4m))
RoIC = 29.82% (NOPAT 871.8m / Invested Capital 2.92b)
WACC = 14.19% (E(57.39b)/V(57.48b) * Re(14.20%) + D(82.4m)/V(57.48b) * Rd(8.89%) * (1-Tc(0.13)))
Discount Rate = 14.20% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -64.44 | Cagr: -1.24%
[DCF] Terminal Value 59.48% ; FCFF base≈575.3m ; Y1≈586.3m ; Y5≈646.1m
[DCF] Fair Price = 33.91 (EV 5.15b - Net Debt -159.5m = Equity 5.31b / Shares 156.5m; r=14.19% [WACC]; 5y FCF grow 1.70% → 3.0% )
EPS Correlation: 27.11 | EPS CAGR: 22.12% | SUE: 3.34 | # QB: 3
Revenue Correlation: 40.93 | Revenue CAGR: 11.92% | SUE: 1.88 | # QB: 3
EPS current Quarter (2026-06-30): EPS=2.04 | Chg30d=+6.69% | Revisions=+41% | Analysts=16
EPS next Quarter (2026-09-30): EPS=1.38 | Chg30d=+16.88% | Revisions=+56% | Analysts=16
EPS current Year (2026-12-31): EPS=7.18 | Chg30d=+14.15% | Revisions=+78% | GrowthEPS=+81.3% | GrowthRev=+39.8%
EPS next Year (2027-12-31): EPS=9.51 | Chg30d=+15.16% | Revisions=+79% | GrowthEPS=+32.5% | GrowthRev=+22.3%
[Analyst] Revisions Ratio: +79%