Teradyne, Inc (TER)
Information Technology · Semiconductor Materials & Equipment · US stock · S&P 500 component
$325.00
▼ -18.21 (5.31%)
Fair valueOvervalued
$155 −52.2% to fair value
$78fair band $109–$202$233
Day's range
$324.09 – $341.01
52-week range
$135.57 – $487.72
About Teradyne, Inc
Teradyne designs and manufactures automated test equipment, which chipmakers use to check semiconductors for defects before they are shipped. It also makes testing systems for electronics and storage devices, and it operates a robotics business that includes collaborative robots, which work alongside people, and mobile robots used in factories and warehouses. Its customers are semiconductor manufacturers, electronics makers and industrial companies.
Teradyne earns revenue from the supply of testing systems, robots and related support. Sales for the last twelve months came to $4.5 billion, and growth over the last three years was 0.4% a year. The operating margin is 30.2%, and the business earns a profit of 38% on the capital invested in it. It has net debt of -0.2 times EBITDA, meaning more cash than debt. A dividend is paid, with a yield of 0.2%. On the site's X-Ray Score it receives 44 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $135.57 – $487.72Volume 3,204,000Daily, split-adjusted
Vitals
Market cap$51.3B
52-week range$135.57 – $487.72
Volume (last day)3,204,000
P/E (TTM)44.8
EBIT / EV yield2.6%
Free-cash-flow yield1.6%
Dividend yield0.2%
Revenue (TTM)$4.5B
Net income (TTM)$1.2B
Operating margin30.2%
Return on capital37.8%
Debt incl. leases$0
Cash & securities$350M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$155model spread $151 – $159
Overvalued
−52.2% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (0.82x of the last twelve months)
Price $325
Undervalued < $109Fair $109 – $202Overvalued > $202
10-year DCF (market-scaled)
$116
Peer multiples
$201
Earnings power floor (not blended)
$57
Fundamentals-adjusted multiple
$149
Growth the price implies
33.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Weak
28/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.6%
Free-cash-flow yield1.6%
Fair value vs price0.5×
Growth
Weak
28/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)0.4%
EPS growth (3y)-6.3%
Growth consistency80%
Profitability
Fair
55/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital37.8%
Operating margin30.2%
Gross profitability53.7%
Financial health
Strong
71/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA-0.2×
Interest coverNo interest cost
Dividends
Weak
36/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.2%
Dividends vs free cash flow10%
Dividend growth3.1%
Quarterly results: last 6 quarters
+14.3%
Mar '25
-10.7%
Jun '25
+4.3%
Sep '25
+43.9%
Dec '25
+87.0%
Mar '26
+103.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.3B, diluted EPS $2.38.
Compare with peers
LRCX Lam Research Corp56 AMAT Applied Materials Inc52 KLAC Kla Corp50 Q Qnity Electronics, Inc...38Other Semiconductor Materials & Equipment companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 2 Average · ● 7 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 47/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.2B | $2.7B | $2.8B | $3.2B |
| Operating income | $1.2B | $832M | $501M | $594M | $650M |
| Net income | $1.0B | $716M | $449M | $542M | $554M |
| Operating cash flow | $1.1B | $578M | $585M | $672M | $674M |
| Operating margin | 32.4% | 26.4% | 18.7% | 21.1% | 20.4% |
| Free cash flow | $966M | $415M | $426M | $474M | $450M |
| Diluted EPS | $5.53 | $4.22 | $2.73 | $3.32 | $3.47 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
3 bullish · 1 neutral · 12 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 388.0 | Bearish |
| EMA 10 | 373.3 | Bearish |
| SMA 20 | 395.3 | Bearish |
| EMA 20 | 382.3 | Bearish |
| SMA 50 | 380.4 | Bearish |
| EMA 50 | 380.6 | Bearish |
| SMA 100 | 381.4 | Bearish |
| EMA 100 | 370.5 | Bearish |
| SMA 200 | 344.5 | Bearish |
| EMA 200 | 333.6 | Bearish |
Oscillators (daily)
| RSI (14) | 33.11 | Neutral |
| MACD (12, 26) | -5.85 | Bearish |
| Momentum (12) | -18.93 | Bearish |
| Stochastic %K (14) | 0.71 | Bullish |
| Williams %R (14) | -99.29 | Bullish |
| CCI (20) | -201.9 | Bullish |
Pivot points (classic, last session)
S3 302.1 | S2 313.1 | S1 319.1 | Pivot 330.0 | R1 336.0 | R2 347.0 | R3 352.9 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.51 USD
Yield on today's price
0.16%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 4 Sep 2026 | 0.1300 |
| 21 May 2026 | 0.1300 |
| 13 Feb 2026 | 0.1300 |
| 24 Nov 2025 | 0.1200 |
| 5 Sep 2025 | 0.1200 |
| 22 May 2025 | 0.1200 |
| 14 Feb 2025 | 0.1200 |
| 25 Nov 2024 | 0.1200 |
| 5 Sep 2024 | 0.1200 |
| 21 May 2024 | 0.1200 |
| 15 Feb 2024 | 0.1200 |
| 24 Nov 2023 | 0.1100 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
TER SEC filings
10 Aug 2026
8-KSEC EDGAR
Entered a material agreement
31 Jul 2026
10-QSEC EDGAR
Quarterly report
29 Jul 2026
8-KSEC EDGAR
Results of operations
11 May 2026
8-KSEC EDGAR
Shareholder vote results
1 May 2026
10-QSEC EDGAR
Quarterly report
29 Apr 2026
8-KSEC EDGAR
Results of operations
27 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
19 Feb 2026
10-KSEC EDGAR
Annual report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.