TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

TER stock analysis: Teradyne

Teradyne (TER) is an S&P 500 company in Semiconductor Materials & Equipment. It grades strongest on growth and weakest on value.

The model's view of TER · subscribers

Where TER ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with TER · updated 2026-10-05 · from prices and SEC filings

TER price performance

TER against the S&P 500, one year
+0%+100%+200%TER +232%S&P 500 +18%2025-09-292026-10-05
Year to date+129.9%S&P 500 +14.5% · ahead by 115.4 pts
1 year+205.8%S&P 500 +17.0% · ahead by 188.8 pts
3 years+351.4%S&P 500 +89.3% · ahead by 262.1 pts
5 years+313.9%S&P 500 +91.3% · ahead by 222.6 pts

Total returns with dividends reinvested.

TER factor grades

Each grade compares TER with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C-ValueP/E 61.1x (industry 56.4x)FCF yield 1.2% (industry 1.3%)
A-GrowthRevenue growth +58% (industry +15%)EPS growth +152% (industry +38%)
B-ProfitabilityOperating margin 30.2% (industry 30.2%)ROIC 37.8% (industry 37.8%)
B+Momentum12-month change +206%From 52-wk high -8%

TER in plain numbers

TER key statistics

SectorInformation Technology
IndustrySemiconductor Materials & Equipment
IndexS&P 500
Market value$69.5B
Revenue growth (y/y)+58%
Free-cash-flow yield1.2%
Dividend yield0.1%
Next earnings (expected)2026-10-28
Valuation measures
Market value$69.5B
Enterprise value$69.1B
P/E (trailing)61.1x
Forward P/E (Torvanta estimate)40.7x
PEG (Torvanta estimate)0.81
Price / sales15.6x
Price / book20.2x
EV / revenue15.5x
EV / EBITDA46.7x
Financial highlights
Revenue, last 12 months$4.5B
Net income, last 12 months$1.2B
EPS, last 12 months (GAAP)$7.28
Gross margin59.2%
Operating margin30.2%
Net margin25.8%
Return on equity36.7%
Return on invested capital37.8%
Cash$349.5M
Total debt$0
Free cash flow, last 12 months$799.9M
Interest cover118.8x
Current ratio2.12x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

TER earnings trends

Revenue vs earnings
$0$332.2M$664.5M$1.0B$1.3BSep 2024 Revenue: $737.3MDec 2024 Revenue: $752.9MMar 2025 Revenue: $685.7MJun 2025 Revenue: $651.8MSep 2025 Revenue: $769.2MDec 2025 Revenue: $1.1BMar 2026 Revenue: $1.3BJun 2026 Revenue: $1.3BSep 2024 Net income: $145.6MDec 2024 Net income: $146.3MMar 2025 Net income: $98.9MJun 2025 Net income: $78.4MSep 2025 Net income: $119.6MDec 2025 Net income: $257.2MMar 2026 Net income: $398.9MJun 2026 Net income: $374.5MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 19.8%Net margin: 19.4%Net margin: 14.4%Net margin: 12.0%Net margin: 15.5%Net margin: 23.7%Net margin: 31.1%Net margin: 28.2%0%16%31%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.6$1.3$1.9$2.5Sep 2024 EPS (GAAP, diluted): $0.9Dec 2024 EPS (GAAP, diluted): $0.9Mar 2025 EPS (GAAP, diluted): $0.6Jun 2025 EPS (GAAP, diluted): $0.5Sep 2025 EPS (GAAP, diluted): $0.8Dec 2025 EPS (GAAP, diluted): $1.6Mar 2026 EPS (GAAP, diluted): $2.5Jun 2026 EPS (GAAP, diluted): $2.4Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -16% · Dec 2025 +80% · Mar 2026 +315% · Jun 2026 +386%

From the company's 10-Q and 10-K filings with the SEC.

Teradyne financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$3.7B$3.2B$2.7B$2.8B$3.2B
Net income$1.0B$715.5M$448.8M$542.4M$554.0M
EPS (GAAP)$5.53$4.23$2.73$3.33$3.47
Free cash flow$1.0B$414.7M$425.6M$474.1M$450.4M

TER earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-29$2.38+386%+104%+13.9%
2026-04-29$2.53+315%+87%-10.6%
2026-02-03$1.62+80%+44%+9.2%
2025-10-29$0.75-16%+4%+23.6%
2025-07-30$0.49-57%-11%+19.1%
2025-04-29$0.61+52%+14%-4.1%

About Teradyne

HeadquartersNorth Reading, MA
Industry (SEC code)Instruments For Meas & Testing Of Electricity & Elec Signals
Fiscal year endsDecember 31
Incorporated inMA
Listed onNasdaq
FormerlyTERADYNE INC

From the company's SEC registration record.

Companies similar to TER

CompanyMarket valueP/ERevenue growthOperating margin12-month change
TER Teradyne$69.5B61.1x+58%30.2%+206%
Q Qnity Electronics$27.5B47.1x+15%n/a+38%compare
KLAC KLA Corp$270.3B56.4x+12%n/a+89%compare
AMAT Applied Materials$430.4B46.8x+8%29.6%+151%compare
LRCX Lam Research$432.7B60.0x+26%35.3%+138%

All Information Technology stock ratings

Frequently asked questions

Is TER stock a buy?

Torvanta does not tell individuals what to buy. Its grades for TER are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is TER's P/E ratio?

TER trades at about 61.1 times its last 12 months of GAAP earnings reported to the SEC, and about 40.7 times Torvanta's own estimate of the next 12 months.

When does TER report earnings next?

Based on its filing history, Torvanta expects Teradyne to report around 2026-10-28.

Does TER pay a dividend?

Yes. Its dividend yield is about 0.1%.

How has TER performed against the S&P 500?

Over the past year TER returned +205.8%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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