Teradyne, Inc. (TER) Stock

Teradyne, Inc. (TER) is a Technology stock trading at $341.91 (as of 2026-07-15), with a market capitalization of $53.52B and a trailing P/E of 62.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Teradyne designs, develops, manufactures, sells, and supports automatic test equipment worldwide. It operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments, offering testing platforms and instruments for semiconductor and electronic device testing as well as defense/aerospace, storage, and circuit-board test needs for semiconductor and other electronics manufacturers.

Understand Teradyne, Inc.: how it makes money

Teradyne designs, develops, manufactures, sells, and supports automatic test equipment used by customers to test semiconductors, systems, industrial automation equipment, and wireless devices, and it makes money by selling these test platforms, related products, and support services worldwide.

Teradyne’s profit engine is tied to semiconductor device testing demand, because its Semiconductor Test business includes SOC test revenue and test platform systems (for wafer level and device package testing, including FLEX, J750, and Magnum), so revenue and mix depend on customers’ need to test specific device types at scale.

Revenue by segment (latest quarter)
SemTest$1.1B
SysTest$0.1B
IndAuto$0.1B

Business quality (Exceptional): The company’s business model and major test platforms are clearly described, and the supplied data includes useful operating detail for SOC revenue. However, the provided segment revenue candidates do not include a standalone Wireless Test figure, so segment-level clarity is incomplete using only the facts given.

Valuation: At 81× earnings, TER trades 35% above the Measuring & Control Equipment average (60×). Note: one-time items can distort reported P/E.

Bull case

  • SOC test is a core revenue driver: The supplied facts show SOC revenue is a large portion of Semiconductor Test activity, indicating strong linkage between Teradyne’s results and demand for SOC testing equipment and services.
  • Platform breadth in Semiconductor Test: Teradyne offers multiple test platform systems in Semiconductor Test, including FLEX, J750, and Magnum, which can support ongoing testing needs across different semiconductor device types and production volumes.

Bear case

  • Cyclicality risk from semiconductor and end-market demand: Teradyne’s Semiconductor Test products target wafer level and device package testing across many applications (automotive, industrial, communications, consumer, smartphones, cloud computer, and gaming), which means revenue can be sensitive to changes in those end markets and customers’ production plans.
  • Incomplete segment visibility in the provided facts: While Wireless Test is an official segment, the supplied segment revenue candidates do not provide a standalone Wireless Test number, which limits how precisely you can assess revenue mix and performance across all official segments using only these facts.
Valuation — source: SEC EDGAR (first-party)
Price$341.91
Market Cap$53.52B
P/E Ratio62.7
EV / EBITDA47.0
Price / Book17.02
Price / Sales14.13
FCF Yield1.0%
DCF Value (model)$55.80
DCF Upside vs Price-83.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.19B
Net Margin17.4%
Revenue Growth (YoY)87.0%
EPS Growth (YoY)318.0%
FCF Growth (YoY)105.3%
Financial Health — source: SEC EDGAR
Altman Z-Score24.91 (safe)
Valuation vs Sector & Industry
Stock P/E62.7
Sector P/E (Technology)34.5
Industry P/E (Measuring & Control Equipment)58.5
vs Sector81.6%
vs Industry7.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($4.83B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryMeasuring & Control Equipment
CEOGregory Stephen Smith
Employees6,500
CountryUS
IPO Date1970-09-14

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TER earnings history · TER institutional & insider holders · TER KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.