Teradyne
Builds semiconductor and electronics test systems alongside collaborative and autonomous mobile robots.
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Profile
Sells automated test systems for semiconductors, wireless products, circuit boards, silicon photonics, and defense electronics, plus collaborative arms and autonomous mobile robots. Semiconductor Test generates most revenue, with sales concentrated at Asian customer sites and among several large customers.
Builds automated test systems and factory robots across Semiconductor Test, Product Test, and Robotics. UltraFLEX, J750, Magnum, and ETS platforms cover system-on-chip, memory, and analog devices from wafer through packaged-device and system-level testing.
Product Test combines LitePoint wireless testing, circuit-board systems, defense and aerospace instruments, Quantifi Photonics tools, and MultiLane Test Products for high-speed data-connection testing. Universal Robots collaborative arms and MiR autonomous mobile robots automate manufacturing, material handling, and warehouse workflows.
Most sales come from customer sites outside the United States, with Asia Pacific dominant. Test-equipment demand is cyclical and concentrated among a limited group of large customers; test manufacturing relies mainly on contractors with significant Malaysian operations, while export controls involving the United States and China can restrict sales.
Company facts
Key statistics
Year to date +70.9% · Average volume (30d) 3.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | Baird | Downgrade | Outperform | Neutral | ||
| Jul 30, 2026 | Morgan Stanley | Reiterate | Negative | $387 | $397 | |
| Jul 30, 2026 | Robert W. Baird | Target | $446 | $420 | ||
| Jul 30, 2026 | Evercore ISI | Reiterate | Outperform | $370 | $420 | |
| Jul 28, 2026 | Goldman Sachs | Reiterate | Buy | $350 | $465 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $2.09 | $2.47 | +18.2% | $1.22B | $1.33B | +9.0% | −0.39% |
| Apr 28, 2026Q1 FY26 | $2.11 | $2.56 | +21.3% | $1.20B | $1.28B | +6.9% | −19.41% |
| Feb 2, 2026Q4 FY25 | $1.38 | $1.80 | +30.4% | $977.2M | $1.08B | +10.9% | +13.41% |
| Oct 28, 2025Q3 FY25 | $0.79 | $0.85 | +7.6% | $744.1M | $769.2M | +3.4% | +20.47% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $685.7M | $651.8M | $769.2M | $1.08B | $1.28B | $1.33B | |
| Gross profit | $415.3M | $373.0M | $449.3M | $622.8M | $780.9M | $794.6M | |
| Operating income | $120.8M | $90.7M | $145.3M | $310.2M | $473.0M | $437.8M | |
| Net income | $98.9M | $78.4M | $119.6M | $257.2M | $398.9M | $374.5M | |
| Diluted EPS | $0.61 | $0.49 | $0.75 | $1.63 | $2.53 | $2.38 | |
| Gross margin | 60.6% | 57.2% | 58.4% | 57.5% | 60.9% | 59.8% | |
| Operating margin | 17.6% | 13.9% | 18.9% | 28.6% | 36.9% | 32.9% |
Fiscal years (4-quarter sums)FY21 $3.70B · FY22 $3.16B · FY23 $2.68B · FY24 $2.82B · FY25 $3.19B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $354.8M · Total debt $100.1M · Total assets $4.93B · Shareholders' equity $3.44B
Dividends
Raised for 10 straight years — most recently to $0.13 from $0.12 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 21, 2026 | May 21 | Jun 12 | $0.13 | |
| Feb 13, 2026 | Feb 13 | Mar 13 | $0.13 | raised from $0.12 |
| Nov 24, 2025 | Nov 24 | Dec 17 | $0.12 | |
| Sep 5, 2025 | Sep 5 | Sep 29 | $0.12 | |
| May 22, 2025 | May 22 | Jun 13 | $0.12 | |
| Feb 14, 2025 | Feb 14 | Mar 14 | $0.12 | |
| Nov 25, 2024 | Nov 25 | Dec 18 | $0.12 | |
| Sep 5, 2024 | Sep 5 | Sep 27 | $0.12 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 156.34M · Float 156.01M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 19.44M | 12.43% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 10.23M | 6.54% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 8.63M | 5.52% | 13F | Aug 13, 2026 |
| State Street Corp | 7.29M | 4.66% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 6.68M | 4.27% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Gregory Stephen Smith | director, officer: President and CEO | −4,000 | $425.00 |
| Aug 17, 2026 | Marilyn Matz | director | −1,200 | $425.00 |
| Aug 3, 2026 | Mercedes Johnson | director | −166 | $358.15 |
| Jul 15, 2026 | Marilyn Matz | director | −1,200 | $356.31 |
| Jul 15, 2026 | Gregory Stephen Smith | director, officer: President and CEO | −4,000 | $356.31 |
Peers
- Keysight Technologies
Electronic test giant; overlaps in wireless, defense, and photonic test.
- Cohu
Handler and thermal test leader; named Semiconductor Test rival in TER 10-K.
- Rockwell Automation
Largest US automation firm; OTTO AMRs square off against MiR in factories.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Teradyne | $356.69 | +0.55% | $55.50B | 48.7 | 36.2 | 12.4 | +103.9% |
| Keysight Technologies | $319.97 | +0.09% | $54.68B | 44.1 | 24.0 | 8.3 | +36.5% |
| Cohu | $49.21 | +2.54% | $2.26B | — | 32.8 | 4.3 | +38.4% |
| Rockwell Automation | $435.15 | +0.99% | $47.94B | 40.5 | 29.8 | 5.3 | +7.9% |
| Median | 42.3 | 29.8 | 5.3 | +36.5% |