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Teradyne, Inc. TER SPXAI

Technology · Semiconductor Equipment & Materials · United States
https://www.teradyne.com

Teradyne, Inc. engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through Semiconductor Test, Robotics, and Other segments. The Semiconductor Test segment offers products and services for wafer level and device package testing, and system level testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications. This segment also provides FLEX test platform systems; J750 test system to address the volume semiconductor devices, including microcontrollers; Magnum platform that tests memory devices, such as flash memory and DRAM; and ETS platform for semiconductor manufacturers, and assembly and test subcontractors in the analog/mixed signal markets. It serves integrated device manufacturers that integrate the fabrication of silicon wafers into their business; fabless companies that outsource the manufacturing of silicon wafers; foundries; and semiconductor assembly and test providers. The Robotics segment provides collaborative robotic arms and autonomous mobile robots for manufacturing, logistics, and industrial customers. It also provides product test instruments which includes operations related to the design, manufacturing and marketing of products and services for defense/aerospace test, circuit-board test, wireless test systems, and silicon photonics testing. Teradyne, Inc. was incorporated in 1960 and is headquartered in North Reading, Massachusetts.

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$374.31
+377.44% 1Y

Market & Price

Market Cap
$58.60B
Current Price
$374.31
High / Low (52W)
$417.92 / $78.40
Beta
1.79

Valuation

Stock P/E
69.45
Industry PE
32.74
Forward P/E
39.35
PEG Ratio
1.48
Book Value
$17.91
Price to Book
20.90
P/S
15.47
EV/EBITDA
50.31
Dividend Yield
0.14%

Profitability & Returns

ROCE
21.51%
ROE
28.75%
ROA
15.83%
Profit Margin
22.55%
Op Margin
37.61%
EPS (Latest Qtr)
$2.53
EPS (TTM)
$5.39

Balance Sheet & Liquidity

Debt/Equity
2.62
Quick Ratio
1.34
Current Ratio
2.15
Debt
$82.40M
Total Assets
$4.18B
Current Assets
$1.95B
Working Capital
$834.09M

Ownership

Promoter Holding
0.27%
Chg in Prom Hold
-
FII / Inst Holding
96.40%
Chg in FII Hold
-0.03%

Financial Snapshot

Enterprise Value
$58.43B
Total Revenue (TTM)
$3.79B
EBITDA
$1.16B
Free Cash Flow
$298.31M
Operating Cash Flow
$777.90M
Shares Outstanding
156.54M
Gross Margin
58.70%
Payout Ratio
9.09%

Growth (CAGR)

Revenue 5Y
0.37%
Profit 5Y
-8.17%
Revenue (YoY)
87.00%
Earnings (YoY)
314.80%

PROS

  • Strong return on equity of 28.7%.
  • Healthy ROCE of 21.5%.
  • Excellent profit margin of 22.6%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 69.4.
  • Earnings shrank at -8.2% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 TER Teradyne, Inc. SPXAI 374.31 69.45 $58.60B 0.14% 21.51% 28.75% 0.37% -8.17%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Oct 2015Dec 2015Apr 2016Jul 2016Oct 2016Dec 2016Apr 2017Jul 2017Oct 2017Dec 2017Apr 2018Jul 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Apr 2021Jul 2021Oct 2021Apr 2022Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ------456.91M696.90M503.38M479.42M487.47M526.93M566.85M519.56M494.10M564.18M582.04M654.65M704.36M838.66M819.48M758.97M-------------685.68M651.80M769.21M1.08B1.28B
Cost of Revenue -----------------------------------270.34M278.79M319.90M463.65M501.55M
Gross Profit 258.63M166.03M230.33M282.87M227.36M219.01M265.02M390.64M294.87M270.93M269.83M307.33M333.69M309.54M287.63M323.92M345.04M383.24M405.55M471.47M458.93M449.79M461.62M646.99M571.00M454.93M506.39M485.38M356.42M402.49M398.29M339.28M425.84M--415.34M373.01M449.31M619.69M780.95M
Operating Expenses -----------------------------------280.02M279.90M297.42M311.41M304.52M
Operating Income 86.80M-9.75M56.11M-231.80M56.50M59.17M93.78M207.80M129.13M94.63M97.53M120.40M143.59M112.27M93.08M133.99M154.92M171.66M206.72M217.95M269.66M234.08M233.01M388.87M322.40M185.85M247.99M231.51M92.86M139.91M143.97M77.77M210.37M--135.32M93.11M151.89M308.28M476.43M
EBITDA -----------------------------------150.12M128.75M179.93M329.29M501.48M
Interest Expense -----------------------------------795.00K805.00K1.31M3.94M3.15M
Pretax Income -----------------------------------119.02M96.56M148.10M289.58M465.68M
Tax Provision -----------------------------------14.54M12.26M23.34M29.15M62.16M
Net Income 71.45M-641.00K49.99M-223.55M63.79M66.34M85.22M174.98M103.42M-105.92M86.97M101.04M119.98M143.79M109.14M97.40M135.86M125.08M176.19M188.91M222.72M196.33M205.51M328.32M256.72M161.93M197.79M183.49M83.53M120.05M128.12M64.20M186.27M--98.90M78.37M119.56M257.22M398.91M
Diluted EPS 0.340.000.24-1.100.310.330.420.870.52-0.540.430.520.630.790.620.550.750.690.971.051.211.051.091.761.410.921.161.100.500.730.780.401.14--0.610.490.751.632.53

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue --------1.75B2.14B2.10B---3.16B2.68B2.82B3.19B
Cost of Revenue --------------1.29B1.14B1.17B1.33B
Gross Profit 498.19M299.45M857.58M711.82M886.04M808.80M878.81M915.64M958.61M1.22B1.22B1.34B1.79B-1.87B1.54B1.65B1.86B
Operating Expenses --------------1.02B1.01B1.10B1.17B
Operating Income -380.74M-124.85M414.94M231.50M287.37M190.66M96.42M242.97M-62.97M525.34M473.80M553.65M928.41M-849.12M522.35M552.24M688.61M
EBITDA --------------954.78M640.26M732.41M788.09M
Interest Expense --------------3.72M3.81M3.59M6.85M
Pretax Income --------------840.38M525.57M609.09M653.26M
Tax Provision --------------124.88M76.82M59.50M79.30M
Net Income -394.23M-133.84M384.82M369.87M217.05M164.95M81.27M206.48M-43.42M257.69M451.78M467.47M784.15M-715.50M448.75M542.37M554.05M
Diluted EPS -2.31-0.771.751.630.940.700.370.97-0.211.282.352.604.28-4.222.733.323.47

Compounded Sales Growth

5 Years:0.37%
1 Year:87.00%

Compounded Profit Growth

5 Years:-8.17%
1 Year:314.80%

Stock Price Performance

1 Year:+377.44%
6 Months:+123.42%
3 Months:+17.01%
1 Month:+22.24%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --1.24B1.81B2.19B2.43B2.63B2.54B2.55B2.76B3.11B2.71B2.79B3.65B-3.50B3.49B3.71B4.18B
Current Assets ---------------2.26B2.16B1.82B1.95B
Cash & Equivalents 562.37M322.70M416.74M397.74M573.74M338.92M341.64M294.26M264.70M307.88M429.84M926.75M773.92M914.12M-854.77M757.57M553.35M293.75M
Inventory ---------------325.02M309.97M298.49M379.55M
Receivables ---------------491.14M422.12M471.43M786.91M
Total Liabilities --570.76M688.17M683.58M650.99M644.73M459.54M582.89M933.83M1.16B1.18B1.31B1.44B-1.05B960.93M889.42M1.39B
Current Liabilities --283.36M363.70M373.68M297.83M475.63M291.55M372.86M372.70M454.34M476.29M539.03M700.87M-746.26M659.95M624.58M1.12B
Long Term Debt --141.10M150.18M159.96M171.06M--------89.24M----
Total Debt ---------------132.88M82.61M76.62M283.24M
Total Equity 1.23B709.72M664.58M1.12B1.51B1.78B1.99B2.08B1.97B1.83B1.95B1.52B1.48B2.21B-2.45B2.53B2.82B2.80B
Shares Outstanding ---------------155.76M152.70M161.72M156.09M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 163.94M121.86M566.29M274.86M403.08M267.27M--455.20M626.50M476.88M578.75M868.93M-577.92M585.23M672.18M674.41M
Investing Cash Flow -449.10M-93.93M-627.66M-82.55M-602.49M-281.83M---640.46M-262.80M923.01M-156.66M-569.79M-43.75M-179.65M-622.34M-368.62M
Financing Cash Flow 46.30M66.10M42.37M-16.31M-35.41M17.27M--228.44M-245.19M-903.42M-574.35M-158.29M--892.99M-501.91M-251.77M-562.25M
Capital Expenditure -87.20M-41.31M-76.04M-86.10M-119.08M-106.73M-168.98M-89.88M-85.27M-105.38M-114.38M-134.64M-184.98M--163.25M-159.64M-198.09M-224.01M
Free Cash Flow 76.73M80.56M490.24M188.76M284.00M160.54M--369.93M521.12M362.50M444.11M683.96M-414.67M425.59M474.08M450.41M
Net Change in Cash ---------------271.31M-96.33M-201.93M-256.45M
Share Buybacks 91.19M--31.18M---299.95M146.33M200.30M823.48M500.00M88.47M600.00M752.08M397.24M198.57M702.10M
Dividends Paid ------37.42M50.71M48.62M55.45M67.32M61.30M66.48M65.98M69.71M67.88M76.42M76.31M

Ratios (Annual)

Figures in %.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % --------54.7%57.2%58.1%---59.2%57.4%58.5%58.2%
Operating Margin % ---------3.6%24.6%22.6%---26.9%19.5%19.6%21.6%
Net Margin % ---------2.5%12.1%21.5%---22.7%16.8%19.2%17.4%
ROE % -55.5%-20.1%34.3%24.6%12.2%8.3%3.9%10.5%-2.4%13.2%29.7%31.6%35.5%-29.2%17.8%19.2%19.8%
ROCE % --13.1%28.7%12.8%13.5%8.9%4.3%11.2%-2.6%19.8%21.2%24.6%31.5%-30.8%18.5%17.9%22.4%

Shareholding Pattern

Insiders
0.27%
Institutions
96.40%
Public Float
96.66%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 9.39% 16.31M $6.10B
2 Vanguard Capital Management LLC 5.86% 10.18M $3.81B
3 Vanguard Portfolio Management LLC 4.95% 8.60M $3.22B
4 State Street Corporation 4.01% 6.97M $2.61B
5 Geode Capital Management, LLC 2.52% 4.37M $1.64B
6 FMR, LLC 2.08% 3.61M $1.35B
7 JPMORGAN CHASE & CO 1.65% 2.87M $1.07B
8 Ameriprise Financial, Inc. 1.64% 2.84M $1.06B
9 Alkeon Capital Management LLC 1.61% 2.79M $1.04B
10 Invesco Ltd. 1.45% 2.52M $943.48M

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