Technology · Semiconductors
Price
$436.86
Market Cap
$68.4B
Employees
6,500
Beta
1.79
Avg Volume
3,949,804
CEO
Gregory Stephen Smith
Business Description
Teradyne, Inc., established in 1960 and headquartered in North Reading, Massachusetts, is a global leader specializing in the creation, production, sale, and maintenance of automated testing solutions. The company's operations are categorized into four principal divisions: 1. Semiconductor Test: This segment delivers solutions for testing microchips at both the wafer and finished device package stages. These capabilities serve a wide array of sectors, including automotive, industrial, telecommunications, consumer electronics, mobile devices, cloud computing, and gaming. Notable offerings include the FLEX test platform, the J750 system for high-volume semiconductor testing, the Magnum platform specialized for memory components like flash and DRAM, and the ETS platform, which caters to the analog/mixed-signal markets for chip makers and outsourced assembly/test providers. Its clientele encompasses integrated device manufacturers (IDMs), fabless chip companies, foundries, and independent semiconductor assembly and test firms. 2. System Test: This division provides instrumentation and systems for defense and aerospace applications, data storage testing apparatus, and solutions for circuit board examination and fault detection. 3. Industrial Automation: This segment supplies collaborative robotic arms, self-governing mobile robots, and sophisticated software for robotic control, primarily catering to clients in manufacturing, logistics, and lighter industrial applications. 4. Wireless Test: Operating under its LitePoint brand, this segment delivers crucial testing solutions for the development and production of various wireless products, ranging from modules and smartphones to tablets, laptops, peripherals, and Internet-of-Things (IoT) gadgets. Key offerings include IQxel for Wi-Fi and other connectivity standards, IQxstream for comprehensive cellular technology testing (including 5G), IQcell for multi-device cellular signaling verification, IQgig, and ready-to-use test software tailored for wireless chipsets.
Business History
Price Overview
Last updated: Jun 27, 2026 8:00am (just now)$436.86
-35.10 (-7.44%)
Day Range
$423.07 – $456.24
52-Week Range
$88.60 – $472.37
50-Day MA
$379.83
200-Day MA
$261.50
Volume
11,458,613.00
Analyst Price Targets
Low
$220.00
Consensus
$359.82
High
$446.00
(73 analysts)
Share Structure
Outstanding
156,542,162.00
Float
156,211,858.00
Free Float
99.8%
High free float
— 99.8% of shares trade freely, ~0.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
80.01
Stock Price: $436.86
EPS (Diluted): 3.49
EPS (Diluted): 3.49
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
10.83
Stock Price: $436.86
Total Equity: $2.80B
Shares: 157,651,000
Total Equity: $2.80B
Shares: 157,651,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
61.73
Market Cap: $68.39B
Total Debt: $283.24M
Cash: $293.75M
EBITDA: $768.08M
Total Debt: $283.24M
Cash: $293.75M
EBITDA: $768.08M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$30.3B
Market Cap: $68.39B
Total Debt: $283.24M
Cash: $293.75M
Total Debt: $283.24M
Cash: $293.75M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
58.6%
Gross Profit: $1.87B
Revenue: $3.19B
Revenue: $3.19B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
21.7%
Operating Income: $693.41M
Revenue: $3.19B
Revenue: $3.19B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
17.4%
Net Income: $554.05M
Revenue: $3.19B
Revenue: $3.19B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
29.7%
Net Income: $554.05M
Total Equity: $2.80B
Total Equity: $2.80B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
25.7%
Operating Income: $693.41M
Tax Rate: 12.5%
Equity: $2.80B
Total Debt: $283.24M
Cash: $293.75M
Tax Rate: 12.5%
Equity: $2.80B
Total Debt: $283.24M
Cash: $293.75M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.76
Current Assets: $1.94B
Current Liabilities: $1.10B
Current Liabilities: $1.10B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.10
Short-Term Debt: $219.34M
Long-Term Debt: $63.90M
Total Debt: $283.24M
Total Equity: $2.80B
Long-Term Debt: $63.90M
Total Debt: $283.24M
Total Equity: $2.80B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$20.23
Revenue: $3.19B
Shares: 157,651,000
Shares: 157,651,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$17.73
Total Equity: $2.80B
Shares: 157,651,000
Shares: 157,651,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$2.86
Operating CF: $674.42M
CapEx: -$224.01M
Shares: 157,651,000
CapEx: -$224.01M
Shares: 157,651,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.3%
Last Dividend: N/A
Stock Price: $436.86
Stock Price: $436.86
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $554.05M
Net Income: $554.05M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares TER against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 22, 2026 3:02am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.2B | $2.7B | $2.8B | $3.2B |
| Cost of Revenue | $1.5B | $1.3B | $1.1B | $1.2B | $1.3B |
| Gross Profit | $2.2B | $1.9B | $1.5B | $1.6B | $1.9B |
| Operating Expenses | $1.0B | $1.0B | $1.0B | $1.1B | $1.2B |
| Operating Income | $1.2B | $831.9M | $501.1M | $593.8M | $693.4M |
| Net Income | $1.0B | $715.5M | $448.8M | $542.4M | $554.0M |
| EBITDA | $1.3B | $954.8M | $640.3M | $732.4M | $768.1M |
| EPS | $6.15 | $4.52 | $2.91 | $3.41 | $3.49 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 22, 2026 3:03am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.1B | $854.8M | $757.6M | $553.4M | $293.8M |
| Total Current Assets | $2.6B | $2.3B | $2.2B | $1.8B | $1.9B |
| Total Assets | $3.8B | $3.5B | $3.5B | $3.7B | $4.2B |
| Current Liabilities | $805.1M | $746.3M | $660.0M | $624.6M | $1.1B |
| Long-Term Debt | $145.4M | $64.2M | $65.1M | $57.9M | $63.9M |
| Total Liabilities | $1.2B | $1.0B | $960.9M | $889.4M | $1.4B |
| Total Equity | $2.6B | $2.5B | $2.5B | $2.8B | $2.8B |
| Retained Earnings | $736.6M | $725.7M | $706.5M | $970.8M | $744.4M |
Cash Flow (Annual)
Last updated: Jun 22, 2026 3:03am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.1B | $577.9M | $585.2M | $672.2M | $674.4M |
| Capital Expenditure | -$132.5M | -$163.2M | -$159.6M | -$198.1M | -$224.0M |
| Free Cash Flow | $965.9M | $414.7M | $425.6M | $474.1M | $450.4M |
| Acquisitions (net) | -$12.0M | $3.4M | $0 | $90.3M | -$144.4M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$600.0M | -$752.1M | -$397.2M | -$198.6M | -$702.1M |
| Net Change in Cash | $208.1M | -$267.4M | -$97.2M | -$204.2M | -$259.6M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 8:00am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$3.1B $2.9B – $3.1B
|
$4.5B $4.4B – $4.8B
|
$5.5B $4.4B – $6.4B
|
$6.9B $6.8B – $7.0B
|
| EBITDA |
$859.4M $817.1M – $870.7M
|
$1.3B $1.2B – $1.3B
|
$1.5B $1.2B – $1.8B
|
$1.9B $1.9B – $2.0B
|
| Net Income |
$562.1M $554.2M – $570.0M
|
$1.1B $1.0B – $1.3B
|
$1.5B $1.2B – $1.9B
|
$2.0B $1.6B – $2.8B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 22, 2026 3:02am (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -14.8% | -15.2% | +5.4% | +13.1% |
| Gross Profit Growth | -15.4% | -17.7% | +7.3% | +13.3% |
| Operating Income Growth | -30.7% | -39.8% | +18.5% | +16.8% |
| Net Income Growth | -29.5% | -37.3% | +20.9% | +2.2% |
| EBITDA Growth | -26.8% | -32.9% | +14.4% | +4.9% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | MATZ MARILYN | S-Sale | 1,200.00 | $423.03 | $507,636 |
| 2026-06-15 | Smith Gregory Stephen | S-Sale | 4,000.00 | $423.03 | $1.7M |
| 2026-06-12 | MADDOCK ERNEST E | J-Other | 2.00 | $0.00 | $0 |
| 2026-06-12 | Herweck Peter | J-Other | 4.00 | $0.00 | $0 |
| 2026-06-12 | TUFANO PAUL J | J-Other | 19.00 | $0.00 | $0 |
| 2026-05-21 | Poulin Shannon John | M-Exempt | 2,843.00 | $82.61 | $234,860 |
| 2026-05-21 | Poulin Shannon John | F-InKind | 1,531.00 | $345.98 | $529,695 |
| 2026-05-22 | Poulin Shannon John | S-Sale | 656.00 | $355.00 | $232,880 |
| 2026-05-21 | Poulin Shannon John | S-Sale | 1,008.00 | $345.37 | $348,133 |
| 2026-05-21 | Poulin Shannon John | M-Exempt | 2,843.00 | $82.61 | $234,860 |
| 2026-05-21 | MATZ MARILYN | S-Sale | 400.00 | $350.00 | $140,000 |
| 2026-05-15 | Smith Gregory Stephen | M-Exempt | 4,597.00 | $72.10 | $331,444 |
| 2026-05-15 | Smith Gregory Stephen | S-Sale | 8,597.00 | $338.98 | $2.9M |
| 2026-05-15 | Smith Gregory Stephen | M-Exempt | 4,597.00 | $72.10 | $331,444 |
| 2026-05-15 | MATZ MARILYN | S-Sale | 800.00 | $338.98 | $271,184 |
| 2026-05-08 | Herweck Peter | A-Award | 668.00 | $0.00 | $0 |
| 2026-05-08 | JOHNSON MERCEDES | A-Award | 668.00 | $0.00 | $0 |
| 2026-05-08 | MATZ MARILYN | A-Award | 668.00 | $0.00 | $0 |
| 2026-05-08 | van Kralingen Bridget A | A-Award | 668.00 | $0.00 | $0 |
| 2026-05-08 | TUFANO PAUL J | A-Award | 668.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:50pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-21 | $0.13 | 2026-05-07 | 2026-05-21 | 2026-06-12 |
| 2026-02-13 | $0.13 | 2026-01-26 | 2026-02-13 | 2026-03-13 |
| 2025-11-24 | $0.12 | 2025-11-10 | 2025-11-24 | 2025-12-17 |
| 2025-09-05 | $0.12 | 2025-08-25 | 2025-09-05 | 2025-09-29 |
| 2025-05-22 | $0.12 | 2025-05-08 | 2025-05-22 | 2025-06-13 |
| 2025-02-14 | $0.12 | 2025-01-27 | 2025-02-14 | 2025-03-14 |
| 2024-11-25 | $0.12 | 2024-11-11 | 2024-11-25 | 2024-12-18 |
| 2024-09-05 | $0.12 | 2024-08-22 | 2024-09-05 | 2024-09-27 |
| 2024-05-21 | $0.12 | 2024-05-09 | 2024-05-22 | 2024-06-14 |
| 2024-02-15 | $0.12 | 2024-01-22 | 2024-02-16 | 2024-03-15 |
| 2023-11-24 | $0.11 | 2023-11-13 | 2023-11-27 | 2023-12-20 |
| 2023-08-31 | $0.11 | 2023-08-21 | 2023-09-01 | 2023-09-25 |
| 2023-05-23 | $0.11 | 2023-05-11 | 2023-05-24 | 2023-06-16 |
| 2023-02-16 | $0.11 | 2023-01-25 | 2023-02-17 | 2023-03-17 |
| 2022-11-25 | $0.11 | 2022-11-14 | 2022-11-28 | 2022-12-21 |
| 2022-08-30 | $0.11 | 2022-08-15 | 2022-08-31 | 2022-09-23 |
| 2022-05-24 | $0.11 | 2022-05-12 | 2022-05-25 | 2022-06-17 |
| 2022-02-17 | $0.11 | 2022-01-26 | 2022-02-18 | 2022-03-18 |
| 2021-11-23 | $0.10 | 2021-11-08 | 2021-11-24 | 2021-12-17 |
| 2021-08-31 | $0.10 | 2021-08-17 | 2021-09-01 | 2021-09-24 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for TER — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30