Teradyne, Inc.

Teradyne, Inc.

TER

Get informed when a big investor buys or sells

+ Follow
Market Cap$57.56B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Teradyne, Inc.Teradyne, Inc.50.20.14%33%13.148.1

Earnings Call Q2 2026

July 29, 2026 - AI Summary

Record performance driven by AI (good + surprising): Q2’26 revenue >$1.3B (~+100% YoY) and non-GAAP EPS $2.47 (~+300% YoY), i.e., record revenue + very strong profitability. Management emphasized AI was the driver across all business groups (Semi Test, Product Test, Robotics). AI-driven revenue >60% was highlighted as proof that the “wafer-to-AI data center” strategy is working.
Business mix highlights + share-gain narrative (good, with some timing caveats): - Semi Test: cleared $1B+ revenue (≈+128% YoY; compute ~70% of SoC). Compute revenue ~+600% YoY; memory at $212M (another record; 3rd straight quarter >$200M). - Compute execution: correlation completed with 2nd AI hyperscaler (confidence for 2027 market share growth); merchant GPU order shipped in Q2 (first order received in Q1). - Product Test: $107M revenue (+26% YoY, +33% QoQ), including early traction for the new production board test platform and momentum in MLTP for high-speed IO. - Robotics: $100M revenue (+33% YoY, +9% QoQ) with increasing US relevance (US sales 32%; US manufacturing center on track to open later in 2026).
Forward outlook / guidance (forecast): Q3’26 guidance includes: - Revenue: $1.2B–$1.3B - Non-GAAP EPS: $1.85–$2.15 - Gross margin: 58%–59% (product mix/new launches) - OpEx: ~29%–30% of sales - Non-GAAP operating profit rate: 28%–30% - Updated first-half weighted revenue to ~50%–52% (from timing/visibility changes), with management expecting H2 growth acceleration in memory, auto/industrial, IST, product test, robotics, partly offset by compute timing softness and mobile softness.

Exclusive for Stockcircle Pro members

Sign upSign Up
$428.24

Target Price by Analysts

16.5% upsideTeradyne Target Price DetailsTarget Price
$51.21

Current Fair Value

86.1% downside

Overvalued by 86.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$57.56 Billion
Enterprise Value$222.41 Billion
Dividend Yield$0.50 (0.14%)
Earnings per Share$3.49
Beta1.74
Outstanding Shares156,440,000

Return

Return on Equity33.46%ROE
Return on Assets23.35%
Return on Invested Capital35.52%

Valuation & Multiples

P/E Ratio50.16P/E Ratio
PEG-50.27PEG
Price to Sales13.13Price to Sales
Price to Book Ratio16.71Price to Book Ratio
Enterprise Value to Revenue49.82
Enterprise Value to EBIT164.26
Enterprise Value to Net Income193
Total Debt to Enterprise0.74
Debt to Equity48.06Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 29, 2026
EPS Estimate
$2.04
Average shareholder expectation
Revenue Estimate
$1.22 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$2.06
Average shareholder expectation
Revenue Estimate
$1.22 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio17.6000▲ 1704.83%
Total Calls500▼ 99.99%
Total Puts8,800▼ 99.52%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %3.00%▼ 89.51%
Total Invested$1.74B▼ 95.92%
Investors Holding368▼ 917.00%

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.