Teradyne, Inc. logo

Teradyne, Inc.

TER

NASDAQTechnologySemiconductors

Previous close

$375.74

−$7.41 · -1.93%

Aug 21, 4:00 PM ET

TER company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

57

Fair Value

Momentum

43

Neutral

Sentiment

74

Bullish

Risk resilience

44

Elevated Risk

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Company profile

Company website

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.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Gregory Stephen Smith
Listed since
Sep 14, 1970
Employees
6,600

Market position

Day range

Current $375.74

52-week range

Current $375.74

Open
$382.17
Previous close
$383.15
Volume
1.91M
0.47× average
Average volume
4.06M
Average daily volume
Market cap
58.74B USD
Beta
1.79
Market reference 1
50-day average
$386.03
-2.67% below average
200-day average
$307.46
+22.21% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
30.33B USD
P/E (TTM)
51.26×
P/B (TTM)
17.1×
P/S (TTM)
13.16×
EV / EBITDA
39.49×
Earnings yield
1.83%
Free cash flow yield
1.49%
Dividend yield
0.13%

Profitability & efficiency

Gross margin
59.31%
Operating margin
30.61%
Net margin
25.77%
Return on equity
19.82%
Return on assets
13.29%
Return on invested capital
18.45%

Financial health

Debt / equity
0.03×
Current ratio
1.76×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends64%47%30%12%Gross margin, FY2021: 59.59%Gross margin, FY2022: 59.18%Gross margin, FY2023: 57.42%Gross margin, FY2024: 58.48%Gross margin, FY2025: 58.55%Operating margin, FY2021: 32.43%Operating margin, FY2022: 26.37%Operating margin, FY2023: 18.72%Operating margin, FY2024: 21.06%Operating margin, FY2025: 21.74%Net margin, FY2021: 27.40%Net margin, FY2022: 22.68%Net margin, FY2023: 16.77%Net margin, FY2024: 19.23%Net margin, FY2025: 17.37%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 59.59%. Gross margin FY2022 59.18%. Gross margin FY2023 57.42%. Gross margin FY2024 58.48%. Gross margin FY2025 58.55%. Operating margin FY2021 32.43%. Operating margin FY2022 26.37%. Operating margin FY2023 18.72%. Operating margin FY2024 21.06%. Operating margin FY2025 21.74%. Net margin FY2021 27.40%. Net margin FY2022 22.68%. Net margin FY2023 16.77%. Net margin FY2024 19.23%. Net margin FY2025 17.37%.

Income trends

Revenue

3.19B USD+13.13%

Operating income

693.41M USD+16.78%

Net income

554.05M USD+2.15%
Income trends across reported periods4.03B USD2.73B USD1.42B USD123.34M USDRevenue, FY2021: 3.7B USDRevenue, FY2022: 3.16B USDRevenue, FY2023: 2.68B USDRevenue, FY2024: 2.82B USDRevenue, FY2025: 3.19B USDOperating income, FY2021: 1.2B USDOperating income, FY2022: 831.94M USDOperating income, FY2023: 501.07M USDOperating income, FY2024: 593.79M USDOperating income, FY2025: 693.41M USDNet income, FY2021: 1.01B USDNet income, FY2022: 715.5M USDNet income, FY2023: 448.75M USDNet income, FY2024: 542.37M USDNet income, FY2025: 554.05M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.7B USD. Revenue FY2022 3.16B USD. Revenue FY2023 2.68B USD. Revenue FY2024 2.82B USD. Revenue FY2025 3.19B USD. Operating income FY2021 1.2B USD. Operating income FY2022 831.94M USD. Operating income FY2023 501.07M USD. Operating income FY2024 593.79M USD. Operating income FY2025 693.41M USD. Net income FY2021 1.01B USD. Net income FY2022 715.5M USD. Net income FY2023 448.75M USD. Net income FY2024 542.37M USD. Net income FY2025 554.05M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.19B USD2.82B USD2.68B USD3.16B USD3.7B USD
Cost of goods sold1.32B USD1.17B USD1.14B USD1.29B USD1.5B USD
Gross profit1.87B USD1.65B USD1.54B USD1.87B USD2.21B USD
Research and development504.6M USD460.88M USD418.09M USD440.59M USD427.61M USD
Selling, general, and administrative644.07M USD617.05M USD577.32M USD558.1M USD547.56M USD
Operating expenses1.17B USD1.06B USD1.04B USD1.04B USD1.01B USD
Interest income15.7M USD24.77M USD27.35M USD6.38M USD2.63M USD
Interest expense6.85M USD3.59M USD3.81M USD3.72M USD17.82M USD
Depreciation and amortization126.72M USD119.74M USD110.89M USD110.68M USD125.49M USD
Operating income693.41M USD593.79M USD501.07M USD831.94M USD1.2B USD
Net income554.05M USD542.37M USD448.75M USD715.5M USD1.01B USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
3.48
FY2025 · +4.82% year over year
Latest fiscal-year revenue
3.19B USD
FY2025 · +13.13% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend5.814.693.572.45FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend3.81B3.39B2.98B2.57BFY21FY22FY23FY24FY25

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$461.5

22.82% upside
Past 12 months12-month forecastHigh $550Average $461.5Low $390

Rating distribution

31 ratings
Strong buy00%
Buy1961%
Hold1239%
Sell00%
Strong sell00%

TER peers

ETFs holding TER

Funds reporting this stock among their holdings, ordered by reported position size.

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