Teradyne, Inc.

Teradyne, Inc.

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Market Cap$58.6B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Teradyne, Inc.Teradyne, Inc.68.60.13%5660%-55.2

Earnings Call Q1 2026

April 29, 2026 - AI Summary

Record Financial Performance: Teradyne reported first-quarter sales of $1.282 billion and non-GAAP EPS of $2.56, representing year-over-year growth of 87% and sequential growth of 18%. This marks the highest revenue recorded, surpassing the previous record set in Q2 2021.
AI-Driven Demand: Approximately 70% of Q1 revenue was driven by AI-related demand, increasing from about 60% in the previous quarter. The company is positioned to benefit from continued investments in AI data centers, with expectations for significant growth in the compute Total Addressable Market (TAM) over the midterm.
Guidance and Outlook: For Q2 2026, Teradyne expects revenue between $1.15 billion and $1.25 billion, with non-GAAP EPS projected at $1.86 to $2.15. The first half of the year is expected to account for approximately 55% to 60% of annual revenue, highlighting strong demand but recognizing potential lumpiness in order timing and customer flow.

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$362.36

Target Price by Analysts

11.5% downsideTeradyne Target Price DetailsTarget Price
$51.56

Current Fair Value

87.4% downside

Overvalued by 87.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$58.60 Billion
Enterprise Value$231.89 Billion
Dividend Yield$0.50 (0.13%)
Earnings per Share$3.49
Beta1.79
Outstanding Shares156,410,000

Return

Return on Equity5660.18%ROE
Return on Assets4013.37%
Return on Invested Capital6204.84%

Valuation & Multiples

P/E Ratio68.55P/E Ratio
PEG22.6PEG
Price to Sales0.05Price to Sales
Price to Book Ratio20.48Price to Book Ratio
Enterprise Value to Revenue0.17
Enterprise Value to EBIT1.09
Enterprise Value to Net Income1
Total Debt to Enterprise0.75
Debt to Equity55.2Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 28, 2026
EPS Estimate
$2.11
Average shareholder expectation
Revenue Estimate
$1.20 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$2.05
Average shareholder expectation
Revenue Estimate
$1.22 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.5517 6.21%
Total Calls3,353,200 7.35%
Total Puts1,850,100 16.72%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %92.49% 4.02%
Total Invested$42.73B 46.19%
Investors Holding1,278 186.00%

ESG Score

No data

About Teradyne, Inc.

5,400 employees
CEO: Mark Jagiela

Teradyne brings high-quality innovations such as smart devices, life-saving medical equipment and data storage systems to market, faster. Its advanced test solutions for semiconductors, electronic systems, wireless devices and more ensur...

Relevant Senate Committees

Joint Committee on Taxation

Though advisory, this committee provides the official revenue estimates and technical analysis for all tax legislation. Its work directly influences corporate tax structures, R&D incentives, and capital investment credits, which are critical to Teradyne's financial planning and operations.

Finance

This powerful committee controls taxation, trade, and entitlement spending. Its decisions on corporate tax policy, R&D credits, and tariffs directly impact Teradyne's profitability, investment strategies, and global supply chain costs.

Appropriations

This committee allocates discretionary federal spending. Its subcommittees determine precise funding for defense, scientific research, and infrastructure projects, directly impacting the order books and revenue streams for Teradyne's customers in these critical sectors.

Armed Services

This committee oversees the Department of Defense and authorizes the NDAA. Teradyne's 'advanced test solutions for semiconductors, electronic systems' are critical to military technology, making it directly exposed to defense spending, R&D funding, and procurement decisions by this committee.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, telecommunications, and technology. Its decisions on privacy, net neutrality, aerospace safety (FAA), and trade directly affect Teradyne's core markets in semiconductors, electronic systems, wireless devices, and industrial automation.