Tearsheet

Teradyne (TER)

Market Price (12/29/2025): $198.0 | Market Cap: $31.4 Bil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

Teradyne (TER)

Market Price (12/29/2025): $198.0
Market Cap: $31.4 Bil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%	Trading close to highs Dist 52W High is -2.5%, Dist 3Y High is -2.5%	Stock price has recently run up significantly 6M Rtn6 month market price return is 121%
1	Megatrend and thematic drivers Megatrends include Automation & Robotics, and Artificial Intelligence. Themes include Industrial Robotics, Factory Automation, Show more.		Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.3%
2			Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 117%
3			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5%
4			Key risks TER key risks include [1] persistent weakness in its Robotics segment and [2] significant customer concentration.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%
1	Megatrend and thematic drivers Megatrends include Automation & Robotics, and Artificial Intelligence. Themes include Industrial Robotics, Factory Automation, Show more.
2	Trading close to highs Dist 52W High is -2.5%, Dist 3Y High is -2.5%
3	Stock price has recently run up significantly 6M Rtn6 month market price return is 121%
4	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.3%
5	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 117%
6	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5%
7	Key risks TER key risks include [1] persistent weakness in its Robotics segment and [2] significant customer concentration.

Valuation, Metrics & Events

	12/29/25	2024	2023	2022	2021
Share Price CYE	$198.00	$125.37	$107.61	$86.24	$160.74
Market Cap CYE ($ Bil)	31.4	20.4	16.4	13.4	26.2
Total Debt ($ Bil)	0.1	0.1	0.1	0.1	0.2
Total Cash ($ Bil)	0.3	0.6	0.8	0.9	1.4
Enterprise Value ($ Bil)	31.2	20.5	16.5	13.5	26.4
Valuation Ratios
P/S TTM	11.0	7.1	6.3	4.4	7.3
P/EBIT TTM	59.8	32.7	31.6	16.4	22.9
P/E TTM	70.9	36.9	37.3	19.3	26.6
P/FCF TTM	68.7	42.3	39.3	33.4	27.9
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6	4.7
P/EBIT TTM (Sector)	3.1	2.3	-0.2	-0.7	-0.0
P/E TTM (Sector)	-0.2	-0.3	-0.5	-0.8	-0.0
P/FCF TTM (Sector)	12.4	13.7	12.3	6.9	13.6

	12/29/25	2024	2023
Share Price CYE	$198.00	$125.37	$107.61
Market Cap CYE ($ Bil)	31.4	20.4	16.4
Total Debt ($ Bil)	0.1	0.1	0.1
Total Cash ($ Bil)	0.3	0.6	0.8
Enterprise Value ($ Bil)	31.2	20.5	16.5
Valuation Ratios
P/S TTM	11.0	7.1	6.3
P/EBIT TTM	59.8	32.7	31.6
P/E TTM	70.9	36.9	37.3
P/FCF TTM	68.7	42.3	39.3
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9
P/EBIT TTM (Sector)	3.1	2.3	-0.2
P/E TTM (Sector)	-0.2	-0.3	-0.5
P/FCF TTM (Sector)	12.4	13.7	12.3

	TER	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	2.9
Rev Chg Q	4.3%	7.3%
Rev Chg LTM	4.5%	6.1%
Rev Chg 3Y Avg	-4.3%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.5
CFO LTM ($ Bil)	0.7
Net Inc LTM ($ Bil)	0.4
Op Mgn LTM	18.8%	18.8%
CFO/Rev LTM	23.6%	20.4%
Net Inc Mgn	15.5%	13.1%
VALUATION	VERY HIGH
P/S	11.0	3.3
P/CFO	46.5	15.8
P/FCF	68.7	20.7
P/E	70.9	23.7
STABILITY	GOOD
Debt/Equity	0.00	0.21
Cash/Assets	0.08	0.07

AI Analysis | Feedback

Metric	Value	Date	Source
Total Number of Employees	6500	12312024	Link
Customers Accounting for More Than 10% of Revenue	2	9282025	Link
Unsatisfied Performance Obligations	1744.4 million USD	9282025	Link
Revenue by Geography - Asia Pacific	79.7% of total revenue	9282025	Link
Revenue by Geography - Europe, Middle East and Africa	7.4% of total revenue	9282025	Link
New Product/Platform Launches	Launch of ETS-800 D20, Titan HP platform, and UltraPHY224G for UltraFLEXplus	10132025	Link

Upcoming
2/04/2026	Earnings Release	Rev: - EPS: -
4/27/2026	Earnings Release	Rev: - EPS: -

TER Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

I cannot fulfill this request as the specified time period, from August 31, 2025, to December 29, 2025, is in the future. I do not have access to future stock performance data or news to explain a 68.5% stock movement for Teradyne (TER) within that timeframe. Show more

Stock Movement Drivers

Fundamental Drivers

The 47.1% change in TER stock from 9/28/2025 to 12/28/2025 was primarily driven by a 54.4% change in the company's P/E Multiple.

	9282025	12282025	Change
Stock Price ($)	135.21	198.90	47.11%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2827.66	2859.57	1.13%
Net Income Margin (%)	16.59%	15.49%	-6.62%
P/E Multiple	46.10	71.19	54.43%
Shares Outstanding (Mil)	159.97	158.59	0.86%
Cumulative Contribution			47.10%

LTM = Last Twelve Months as of date shown

Market Drivers

9/28/2025 to 12/28/2025

	Return	Correlation
TER	47.1%
Market (SPY)	4.3%	57.1%
Sector (XLK)	5.1%	64.5%

Fundamental Drivers

The 120.5% change in TER stock from 6/29/2025 to 12/28/2025 was primarily driven by a 182.1% change in the company's P/E Multiple.

	6292025	12282025	Change
Stock Price ($)	90.19	198.90	120.53%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2905.74	2859.57	-1.59%
Net Income Margin (%)	19.86%	15.49%	-21.98%
P/E Multiple	25.24	71.19	182.06%
Shares Outstanding (Mil)	161.50	158.59	1.80%
Cumulative Contribution			120.46%

LTM = Last Twelve Months as of date shown

Market Drivers

6/29/2025 to 12/28/2025

	Return	Correlation
TER	120.5%
Market (SPY)	12.6%	43.5%
Sector (XLK)	17.0%	51.5%

Fundamental Drivers

The 55.4% change in TER stock from 12/28/2024 to 12/28/2025 was primarily driven by a 75.1% change in the company's P/E Multiple.

	12282024	12282025	Change
Stock Price ($)	127.98	198.90	55.41%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2737.59	2859.57	4.46%
Net Income Margin (%)	18.75%	15.49%	-17.34%
P/E Multiple	40.65	71.19	75.13%
Shares Outstanding (Mil)	163.00	158.59	2.70%
Cumulative Contribution			55.30%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2024 to 12/28/2025

	Return	Correlation
TER	55.4%
Market (SPY)	17.0%	60.7%
Sector (XLK)	24.0%	65.2%

Fundamental Drivers

The 130.3% change in TER stock from 12/29/2022 to 12/28/2025 was primarily driven by a 304.4% change in the company's P/E Multiple.

	12292022	12282025	Change
Stock Price ($)	86.38	198.90	130.27%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3308.26	2859.57	-13.56%
Net Income Margin (%)	23.19%	15.49%	-33.19%
P/E Multiple	17.60	71.19	304.43%
Shares Outstanding (Mil)	156.36	158.59	-1.43%
Cumulative Contribution			130.22%

LTM = Last Twelve Months as of date shown

Market Drivers

12/29/2023 to 12/28/2025

	Return	Correlation
TER	84.8%
Market (SPY)	48.4%	62.4%
Sector (XLK)	54.0%	68.4%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
TER Return	77%	37%	-46%	25%	17%	58%	199%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
TER Win Rate	58%	58%	50%	58%	67%	67%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
TER Max Drawdown	-35%	-13%	-56%	-5%	-12%	-46%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See TER Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	TER	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-57.7%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	136.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	1,111 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-41.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	72.1%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	77 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-42.0%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	72.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	212 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-83.8%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	516.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	818 days	1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Teradyne's stock fell -57.7% during the 2022 Inflation Shock from a high on 12/27/2021. A -57.7% loss requires a 136.2% gain to breakeven.

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About Teradyne (TER)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Teradyne, Inc. designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications. This segment also provides FLEX test platform systems; J750 test system to address the volume semiconductor devices; Magnum platform that tests memory devices, such as flash memory and DRAM; and ETS platform for semiconductor manufacturers, and assembly and test subcontractors in the analog/mixed signal markets. It serves integrated device manufacturers that integrate the fabrication of silicon wafers into their business; fabless companies that outsource the manufacturing of silicon wafers; foundries; and semiconductor assembly and test providers. The System Test segment offers defense/aerospace test instrumentation and systems; storage test systems; and circuit-board test and inspection systems. The Industrial Automation segment provides collaborative robotic arms, autonomous mobile robots, and advanced robotic control software for manufacturing, logistics, and light industrial customers. The Wireless Test segment provides test solutions for use in the development and manufacture of wireless devices and modules, smartphones, tablets, notebooks, laptops, peripherals, and Internet-of-Things devices under the LitePoint brand name. This segment also offers IQxel products for Wi-Fi and other standards; IQxstream solution for testing GSM, EDGE, CDMA2000, TD-SCDMA, WCDMA, HSPA+, LTE, and 5G technologies; IQcell, a multi-device cellular signaling test solution; IQgig test solution; and turnkey test software for wireless chipsets. Teradyne, Inc. was incorporated in 1960 and is headquartered in North Reading, Massachusetts.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Teradyne:

The ASML of semiconductor testing. (Like ASML provides essential equipment for making microchips, Teradyne provides the critical equipment for rigorously testing them to ensure they work.)
The NVIDIA of collaborative industrial robots. (Similar to how NVIDIA provides the advanced processing power for AI and gaming, Teradyne's robotics division (Universal Robots and MiR) provides leading-edge, user-friendly robots that are essential for a new era of factory automation.)

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Semiconductor Test Equipment: Provides automated test equipment (ATE) used by integrated circuit manufacturers to test microchips and ensure their quality during production.
System Test Solutions: Offers test instrumentation and software for evaluating electronic systems and circuit boards across various industries, including defense/aerospace, automotive, and industrial.
Collaborative Robots (Cobots): Manufactures robots designed to work safely alongside human operators in industrial environments, performing tasks like assembly, polishing, and machine tending.
Autonomous Mobile Robots (AMRs): Develops self-driving robots for internal logistics, automating the transportation of materials and goods within factories, warehouses, and other facilities.

AI Analysis | Feedback

Teradyne (symbol: TER) sells primarily to other companies (B2B).

According to Teradyne's recent 10-K filings, no single customer accounted for 10% or more of its net revenues in fiscal years 2023, 2022, or 2021. Therefore, Teradyne does not disclose individual "major customers" by name in its public financial reports based on revenue concentration thresholds.

However, Teradyne serves a diverse global customer base within the semiconductor and industrial sectors. Its customers generally include the following categories of companies:

Integrated Device Manufacturers (IDMs): Companies that design, manufacture, and sell their own integrated circuits, using Teradyne's test solutions for their products.
Fabless Companies: Companies that design and sell integrated circuits but outsource their manufacturing to foundries, relying on Teradyne for their test requirements.
Foundries: Companies that specialize in manufacturing integrated circuits for other companies, utilizing Teradyne's equipment for wafer testing.
Outsourced Semiconductor Assembly and Test (OSAT) Providers: Companies that offer third-party assembly and test services for integrated circuits, employing Teradyne's test platforms for final product validation.
Manufacturers of Electronic Systems: Companies that produce various electronic products (e.g., consumer electronics, automotive, communications) and utilize Teradyne's System Test solutions for functional testing of circuit boards and systems.
Diverse Industrial Customers: Companies across various industries that leverage Teradyne's industrial robotics solutions, including collaborative robots (cobots) from Universal Robots and autonomous mobile robots (AMRs) from MiR, for automation needs.

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Greg Smith, President & CEO

Greg Smith became President and CEO of Teradyne in February 2023. He joined Teradyne's Semiconductor Test Division in 2006. From 2020 to 2023, he served as President of Teradyne's Industrial Automation Group (now Robotics), where he grew revenue by 44%. Prior to that, from 2017 to 2020, he led the Semiconductor Test Division as Division President, overseeing over 50% revenue growth. Before joining Teradyne, Mr. Smith held engineering, marketing, and leadership positions at Raytheon and LTX.

Michelle Turner, Vice President, Chief Financial Officer

Michelle Turner was appointed Teradyne's Chief Financial Officer in November 2025, taking responsibility for the company's finance, information technology, and global infrastructure. She brings 30 years of financial and strategic leadership experience from public companies in the aerospace & defense, industrial, healthcare, and oil & gas industries. Before joining Teradyne, Ms. Turner served as the Chief Financial Officer for L3Harris Technologies. Her previous experience includes senior financial management and leadership roles at Johnson & Johnson, BHP Billiton, Raytheon, and Honeywell.

John Wood, President, Systems Test Group

John Wood serves as the President of the Systems Test Group at Teradyne.

Ujjwal Kumar, Group President, Teradyne Robotics

Ujjwal Kumar holds the position of Group President for Teradyne Robotics.

Jim Mahon, Vice President, Chief Human Resources Officer

Jim Mahon was appointed Teradyne's Chief Human Resources Officer in 2023, overseeing the company's global HR operations. He joined Teradyne in 1980 and progressed through various senior roles in manufacturing, process engineering, marketing, and customer service. Before his current role, Mr. Mahon was General Manager of Teradyne's test service business and was named Vice President of Global Services in 2014.

AI Analysis | Feedback

The key risks to Teradyne's business (NASDAQ: TER) include the cyclical and volatile nature of the semiconductor industry, ongoing weakness in its Robotics segment, and external pressures from customer concentration, geopolitical tensions, and intense competition.

Cyclicality and Volatility of the Semiconductor Industry: Teradyne's business is heavily reliant on the semiconductor industry, which is characterized by inherent boom-and-bust cycles and unpredictable demand fluctuations. This dependence on the capital expenditures of semiconductor manufacturers is a constant challenge, as periods of over-supply can significantly impact the company's results.
Weakness in the Robotics Segment: The company's Robotics division has consistently struggled with weak end-market conditions, posing a risk to Teradyne's diversification strategy and overall growth prospects. The segment has faced cyclical headwinds, particularly in industrial automation, and weak economies, which have impacted its performance.
Customer Concentration, Geopolitical Tensions, and Intense Competition: Teradyne faces significant risks due to a high concentration of revenue from a small number of major customers, making it vulnerable to changes in their capital spending plans or shifts to competitors. Furthermore, its global operations, particularly in China, are exposed to geopolitical risks, trade regulations, and export controls, which can lead to increased costs and limited sales. The expanding AI chip market also brings intensified competition from rivals like Advantest, which could restrict Teradyne's market share growth and necessitate substantial ongoing investment in research and development, potentially impacting profit margins.

AI Analysis | Feedback

Intensifying competition in the collaborative robot (cobot) and autonomous mobile robot (AMR) markets, where Teradyne's Universal Robots and MiR brands operate. This segment, while growing, is attracting a rapidly expanding number of established automation giants (e.g., ABB, KUKA, Fanuc) and numerous new startups. These competitors are investing heavily in R&D, developing alternative solutions, and in some cases, offering lower-cost options, potentially eroding Teradyne's pioneering market share and profitability in these key growth areas.

AI Analysis | Feedback

Teradyne (symbol: TER) operates in several key markets. The addressable market sizes for its main products and services are as follows:

Semiconductor Test Systems: The global semiconductor test equipment market, a primary area for Teradyne, was valued at approximately USD 8.65 billion in 2025, specifically for SoC (System on Chip) and Memory Testers. Other estimates place the global semiconductor test equipment market at USD 15.11 billion in 2025, projected to reach USD 20.42 billion by 2030 with a CAGR of 6.20%.
Robotics (Collaborative Robots and Autonomous Mobile Robots):
- Collaborative Robots (Cobots): The global collaborative robot market was estimated at USD 3.7 billion in 2024 and is expected to grow significantly to USD 60.3 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 36.47% during the forecast period from 2025 to 2033. Another source valued the global collaborative robot market at USD 1.9 billion in 2025, with a forecast to reach USD 4.88 billion by 2030, advancing at a 20.76% CAGR.
- Autonomous Mobile Robots (AMRs): While a specific global market size for AMRs was not distinctly provided, Teradyne's offerings in this space contribute to the broader industrial automation market. The global industrial automation and control systems market was estimated at USD 206.33 billion in 2024 and is projected to reach USD 378.57 billion by 2030, growing at a CAGR of 10.8% from 2025 to 2030.
Wireless Test Systems (LitePoint): The global wireless testing market was valued at USD 22.64 billion in 2024 and is projected to grow from USD 24.58 billion in 2025 to USD 34.13 billion by 2029, at a CAGR of 8.6% during the forecast period. Another estimate indicates the global wireless testing market size was calculated at USD 25.07 billion in 2025 and is forecasted to reach around USD 51.17 billion by 2034, accelerating at a CAGR of 8.25% from 2025 to 2034.
Defense/Aerospace Test Systems and Circuit-Board Test and Inspection Systems: null

AI Analysis | Feedback

Teradyne (TER) is expected to experience future revenue growth over the next 2-3 years, driven by several key factors:

Strong AI-Related Demand in Semiconductor Test: Teradyne anticipates robust demand from artificial intelligence (AI) applications within the semiconductor test market. This growth is expected across compute, networking, and memory segments, particularly for System-on-a-Chip (SoC) solutions and High Bandwidth Memory (HBM) utilized in AI hardware. The company's Q3 2025 revenue growth was primarily driven by AI demand in semiconductor tests.
Verticalization Trends: Verticalization is identified as a primary growth driver for Teradyne in 2026 and beyond. This trend, where companies integrate more of their supply chain or design processes, is expected to increase demand for Teradyne's specialized test equipment.
Growth in Semiconductor Test Total Addressable Market (TAM) and Market Share Expansion: Analysts project an acceleration in the semiconductor test total addressable market (TAM) in 2025 and 2026. Teradyne is positioned to gain market share, especially in areas such as verification IP ASIC and high bandwidth memory, which will contribute to its revenue growth.
Electrification in Automotive and Other Industries: The broader trend of electrification, particularly within the automotive sector, is expected to be a long-term revenue driver for Teradyne. Despite current weaknesses in the Auto/Industrial market, this area represents a significant future opportunity.
Robotics Segment Recovery and New Technology Expansion: Although the Robotics segment has faced some challenges, strategic restructuring efforts are underway to improve its future performance. Additionally, Teradyne is expanding its capabilities into emerging technologies like silicon photonics and electro-optical test solutions, which are expected to contribute to future growth.

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Share Repurchases

Teradyne announced a $2 billion share repurchase program in February 2023.
The company authorized a new equity buyback plan for $1 billion on April 28, 2025, with an expected completion by the end of 2026.
Over the last five years, Teradyne has spent more than $2 billion on buybacks, significantly reducing its share count.

Share Issuance

While specific gross dollar amounts of shares issued are not readily available, Teradyne regularly grants Restricted Stock Units (RSUs) and stock options to employees as a form of equity compensation.
The company's shares outstanding have shown a declining trend in recent years, indicating that share repurchases have outweighed new issuances.

Outbound Investments

In March 2025, Teradyne acquired Quantifi Photonics, a manufacturer of optical test and measurement solutions.
Teradyne Ventures, backed by Teradyne Robotics, operates as a strategic investing partner for advanced robotics technology companies.
Net acquisitions/divestitures for the twelve months ending June 30, 2025, amounted to $19 million.

Capital Expenditures

Teradyne's capital expenditures for the latest twelve months ending June 2025 were $223.7 million.
Capital expenditures averaged $167.7 million for the fiscal years ending December 2020 to 2024, peaking at $223.7 million in June 2025.
The primary focus of capital investments includes significant investments in the FLEX Test Platform Architecture to enhance efficiency for semiconductor manufacturers, and research and development (R&D) to capture new customers in the compute market and advance optical networking tests.

Better Bets than Teradyne (TER)

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		Best Bets In Information Technology Sector
	TER	VRSN	IDCC	NVDA	RMBS	GEN	ZM	DBX	YOU	MPWR	DAVE
What You Pay
P/E	71.2	28.3	17.2	46.7	44.3	30.0	16.5	14.5	19.0	23.9	21.0
P/EBIT	60.1	20.5	13.9	39.8	37.7	10.7	23.9	11.8	20.7	65.5	24.0
What You Get
Rev Chg Q	4.3%	7.3%	28.0%	62.5%	22.7%	25.3%	4.4%	-0.7%	15.5%	18.9%	63.0%
Rev Chg LTM	4.5%	5.5%	28.8%	65.2%	31.0%	16.2%	3.8%	-0.4%	17.8%	30.5%	53.8%
Rev Chg 3Y Avg	-4.3%	5.2%	27.1%	91.6%	17.3%	16.5%	3.4%	3.4%	31.0%	17.2%	38.6%
FCF/Rev 3Y Avg	15.4%	57.4%	54.2%	43.4%	39.3%	36.7%	36.1%	33.4%	32.5%	28.6%	26.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Teradyne Earnings Notes
2	Lam Research vs Teradyne: Which Is the Stronger Buy Today?	Counter-Intuitive Comparisons
3	TER Stock Surges 7.4% With A 6-day Spree On Goldman Sachs $230 Target	Notification
4	Teradyne Earnings Notes
5	Better Bet Than Teradyne Stock: AMAT, LRCX Deliver More	Actionable
6	5-Day Rally Sends Teradyne Stock Up 13%	Notification
7	Teradyne Stock Surges 15%, With A 5-Day Winning Spree	Notification
8	What Is Happening With Teradyne Stock?
9	Is Teradyne Stock Built to Withstand a Pullback?	Return
10	Day 5 of Gains Streak for Teradyne Stock with 10% Return (vs. 18% YTD) [10/6/2025]	Notification

	Title
0	ARTICLES

Trade Ideas

Select ideas related to TER. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	14.4%	14.4%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	13.1%	13.1%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.3%	17.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	12.0%	12.0%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	5.5%	5.5%	0.0%
TER_4302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	04302025	TER	Teradyne	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	135.0%	168.9%	-0.6%
TER_11302022_Dip_Buyer_ValueBuy	11302022	TER	Teradyne	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	7.4%	-0.9%	-11.2%
TER_4302022_Dip_Buyer_FCFYield	04302022	TER	Teradyne	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-20.8%	-13.0%	-32.2%
TER_12312018_Dip_Buyer_FCFYield	12312018	TER	Teradyne	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	56.3%	118.9%	-5.7%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Teradyne

Peers to compare with:

Financials

	TER	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Teradyne	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	198.90	23.26	24.49	305.09	78.16	273.40	138.53
Mkt Cap	31.5	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	2,860	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	539	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	457	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	427	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	675	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	611	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	TER	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Teradyne	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	4.5%	3.2%	13.8%	4.5%	8.9%	6.0%	5.2%
Rev Chg 3Y Avg	-4.3%	-3.9%	6.5%	2.6%	3.7%	1.8%	2.2%
Rev Chg Q	4.3%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	1.1%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	18.8%	6.6%	4.8%	17.7%	22.5%	31.9%	18.2%
Op Mgn 3Y Avg	19.4%	7.4%	7.2%	16.4%	24.2%	30.8%	17.9%
QoQ Delta Op Mgn LTM	-0.4%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	23.6%	6.7%	8.5%	20.6%	23.8%	26.6%	22.1%
CFO/Rev 3Y Avg	22.0%	6.8%	12.7%	21.4%	26.1%	28.4%	21.7%
FCF/Rev LTM	16.0%	5.1%	1.8%	18.1%	22.1%	23.5%	17.1%
FCF/Rev 3Y Avg	15.4%	5.5%	4.6%	18.6%	24.6%	25.6%	17.0%

Valuation

	TER	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Teradyne	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	31.5	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	11.0	0.4	1.0	4.4	5.4	10.0	4.9
P/EBIT	60.1	6.8	19.9	25.1	22.5	31.3	23.8
P/E	71.2	8.6	572.7	36.0	29.9	41.0	38.5
P/CFO	46.7	5.9	11.2	21.1	22.5	37.5	21.8
Total Yield	1.6%	14.1%	2.3%	5.0%	5.4%	2.8%	3.9%
Dividend Yield	0.2%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	2.2%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.0	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	-0.0	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	TER	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Teradyne	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	9.4%	-3.6%	12.7%	-1.1%	1.6%	-2.0%	0.2%
3M Rtn	47.1%	-11.9%	2.7%	7.9%	17.0%	7.1%	7.5%
6M Rtn	120.5%	-4.0%	34.5%	6.6%	15.2%	36.3%	24.9%
12M Rtn	55.4%	-27.0%	16.2%	40.5%	34.5%	7.5%	25.3%
3Y Rtn	130.3%	-3.7%	67.3%	141.3%	79.6%	114.1%	96.9%
1M Excs Rtn	16.2%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	42.8%	-16.2%	-1.7%	3.6%	12.7%	2.8%	3.2%
6M Excs Rtn	108.3%	-16.3%	22.3%	-5.7%	3.0%	24.0%	12.6%
12M Excs Rtn	39.5%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	9.6%
3Y Excs Rtn	48.1%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	13.6%

FDIC Bank Data

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/28/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/20/2025	2/22/2024	2/22/2023	2/23/2022	2/22/2021	3/2/2020
Key Financials
Total Revenue	2,860	2,820	2,676	3,155	3,703	3,121	2,295
EBITDA	648	732	640	955	1,304	1,052	669
Operating Income	539	552	522	849	1,210	915	540
Net Income	443	542	449	716	1,015	784	467
EPS	2.75	3.41	2.91	4.52	6.15	4.72	2.74
Growth Rates
Total Revenue Growth	4.5%	5.4%	-15.2%	-14.8%	18.6%	36.0%	9.2%
EBITDA Growth	-8.9%	14.4%	-32.9%	-26.8%	24.0%	57.3%	10.9%
Operating Income Growth	2.8%	5.7%	-38.5%	-29.8%	32.2%	69.6%	10.4%
Net Income Growth	-13.7%	20.9%	-37.3%	-29.5%	29.4%	67.7%	3.5%
Margins
EBITDA Margin	22.7%	26.0%	23.9%	30.3%	35.2%	33.7%	29.1%
Operating Income Margin	18.8%	19.6%	19.5%	26.9%	32.7%	29.3%	23.5%
Net Income Margin	15.5%	19.2%	16.8%	22.7%	27.4%	25.1%	20.4%
Cash & Debt
Total Cash	298	600	820	894	1,366	1,436	911
Total Debt	69	77	83	133	185	473	460
Net Debt / (Cash)	-229	-523	-737	-762	-1,182	-964	-451
Cash Flows
Net Cash from Operations	675	672	585	578	1,098	869	579
Free Cash from Operations	457	474	426	415	966	684	444
Returns to Shareholders
Dividends	77	76	68	70	66	66	61
Share Repurchases	662	199	397	752	600	88	500

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/28/2025	6/29/2025	3/30/2025	12/31/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	12/31/2022
Filing Date	10/30/2025	8/1/2025	5/2/2025	2/20/2025	11/1/2024	8/2/2024	5/3/2024	2/22/2024	11/3/2023	8/4/2023	5/5/2023	2/22/2023
Key Financials Quarterly
Total Revenue	769	652	686	753	737	730	600	671	704	684	618	732
Ebitda	180	129	150	190	190	251	102	169	173	173	126	224
Operating Income	152	93	135	159	157	155	82	130	151	146	95	164
Net Income	120	78	99	146	146	186	64	117	128	120	84	172
EPS	0.75	0.49	0.61	0.90	0.89	1.18	0.42	0.77	0.83	0.78	0.54	1.11
Key Financials TTM
Total Revenue TTM	2,860	2,828	2,906	2,820	2,738	2,704	2,659	2,676	2,738	2,861	3,017	3,155
Ebitda TTM	648	658	781	732	711	695	616	640	696	778	871	955
Operating Income TTM	539	544	605	552	524	518	510	522	556	639	742	849
Net Income TTM	443	469	577	542	513	496	429	449	504	559	637	716
Growth Rates Quarterly
Total Revenue Growth	4.3%	-10.7%	14.3%	12.3%	4.8%	6.6%	-2.9%	-8.4%	-14.9%	-18.6%	-18.2%	-17.3%
EBITDA Growth	-5.3%	-48.7%	47.6%	12.4%	9.6%	45.5%	-19.1%	-24.8%	-32.1%	-35.2%	-39.9%	-22.1%
Operating Income Growth	-3.0%	-39.9%	64.6%	21.6%	3.9%	5.9%	-13.4%	-20.6%	-35.4%	-41.5%	-52.9%	-39.0%
Net Income Growth	-17.9%	-57.9%	54.1%	24.9%	13.7%	55.2%	-23.1%	-32.1%	-30.2%	-39.3%	-48.4%	-23.1%
Margins Quarterly
EBITDA Margin	23.4%	19.8%	21.9%	25.2%	25.8%	34.4%	17.0%	25.1%	24.6%	25.2%	20.4%	30.6%
Operating Income Margin	19.7%	14.3%	19.7%	21.1%	21.2%	21.2%	13.7%	19.4%	21.4%	21.4%	15.4%	22.4%
Net Income Margin	15.5%	12.0%	14.4%	19.4%	19.8%	25.5%	10.7%	17.5%	18.2%	17.5%	13.5%	23.5%
Cash & Debt
Total Cash	298	368	508	600	552	461	749	820	717	708	742	894
Total Debt	69	74	69	77	79	80	83	83	111	118	120	133
Net Debt / (Cash)	-229	-293	-439	-523	-472	-380	-666	-737	-606	-590	-622	-762
Cash Flows Quarterly
FCF from Operations	49	182	162	283	166	216	7	249	174	143	19	183
Cash Flows TTM
FCF from Operations TTM	675	793	827	672	638	646	573	585	520	617	590	578
Returns to Shareholders Quarterly
Dividends	19	19	19	19	20	19	18	17	17	17	17	17
Share Repurchases	244	117	157	144	25	8	22	51	119	135	93	2
Return on Invested Capital (ROIC) Quarterly
ROIC	28.4%	19.0%	32.4%	46.2%	40.1%	36.0%	24.9%	40.3%	45.3%	41.1%	28.8%	60.1%
Return on Invested Capital (ROIC) TTM
ROIC TTM	26.7%	29.1%	37.2%	37.6%	31.7%	30.5%	37.6%	41.2%	40.8%	45.6%	55.1%	75.0%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Semiconductor Test	1,957	2,081	2,642	2,260	1,553
Robotics	375	403	376	280	298
All Other	344
Corporate And Eliminations	0	0		-1	-1
System Test		469	468	410	287
Wireless Test		202	217	173	157
Total	2,676	3,155	3,703	3,121	2,295

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Semiconductor Test	1,389	1,383	1,246	1,070	785
Corporate And Eliminations	1,170	1,193	1,584	1,624	1,102
Robotics	737	666	701	713	672
All Other	191
System Test		166	171	138	131
Wireless Test		94	108	106	97
Total	3,487	3,501	3,809	3,652	2,787

Price Behavior

Price Behavior

Market Price	$198.90
Market Cap ($ Bil)	31.5
First Trading Date	03/11/1987
Distance from 52W High	-2.5%
	50 Days	200 Days
DMA Price	$176.64	$117.22
DMA Trend	up	up
Distance from DMA	12.6%	69.7%
	3M	1YR
Volatility	64.2%	59.3%
Downside Capture	289.21	184.78
Upside Capture	421.29	200.89
Correlation (SPY)	57.1%	60.8%

TER Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.94	2.81	2.63	2.33	1.80	1.88
Up Beta	1.51	-0.49	-0.14	1.38	1.51	1.63
Down Beta	4.20	3.38	3.20	3.61	2.10	1.86
Up Capture	354%	546%	531%	433%	380%	1559%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	11	25	35	69	130	377
Down Capture	283%	253%	221%	122%	134%	111%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	8	16	27	56	118	371

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of TER With Other Asset Classes (Last 1Y)
	TER	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	58.6%	25.0%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	58.8%	27.5%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	1.00	0.79	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		65.3%	60.8%	-3.9%	23.8%	25.1%	23.9%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of TER With Other Asset Classes (Last 5Y)
	TER	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	11.2%	18.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	46.9%	24.7%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.39	0.69	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		71.3%	66.1%	9.2%	16.0%	37.7%	26.3%

Based On 10-Year Data

		Comparison of TER With Other Asset Classes (Last 10Y)
	TER	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	26.2%	22.5%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	42.5%	24.2%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.70	0.85	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		70.6%	65.7%	5.4%	20.9%	40.1%	19.0%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	5,791,864
Short Interest: % Change Since 11302025	5.3%
Average Daily Volume	2,938,870
Days-to-Cover Short Interest	1.97
Basic Shares Quantity	158,595,000
Short % of Basic Shares	3.7%

Returns Analyses

	Title
0	Is Teradyne Stock Built to Withstand a Pullback?
1	Teradyne Stock Return Comparison
2	Teradyne Total Shareholder Return (TSR): -46.3% in 2022 and 9.0% 3-yr returns (above peer average)
3	TER 103% YTD Return Outperforms ENTG by 103% and Outperforms ENTG by 103% (10/30/2021)
4	Teradyne Total Shareholder Return (TSR): -46.3% in 2022 and 9.0% 3-yr returns (above peer average)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/29/2025	20.5%	21.7%	24.3%
7/30/2025	18.9%	18.1%	29.2%
4/29/2025	-2.5%	-1.8%	4.6%
1/30/2025	-5.7%	-7.7%	-9.9%
10/24/2024	-11.0%	-12.0%	-15.2%
7/25/2024	-13.4%	-8.6%	-8.6%
4/25/2024	8.2%	12.9%	39.4%
1/31/2024	-7.6%	-6.5%	-0.8%
...
SUMMARY STATS
# Positive	10	10	11
# Negative	14	14	13
Median Positive	4.1%	4.1%	18.1%
Median Negative	-3.3%	-6.1%	-6.8%
Max Positive	20.5%	21.7%	39.4%
Max Negative	-22.4%	-18.2%	-16.2%

	Forward Returns
10/29/2025	20.5%	21.7%	24.3%
7/30/2025	18.9%	18.1%	29.2%
4/29/2025	-2.5%	-1.8%	4.6%
1/30/2025	-5.7%	-7.7%	-9.9%
10/24/2024	-11.0%	-12.0%	-15.2%
7/25/2024	-13.4%	-8.6%	-8.6%
4/25/2024	8.2%	12.9%	39.4%
1/31/2024	-7.6%	-6.5%	-0.8%
10/26/2023	-3.2%	-5.9%	5.3%
7/27/2023	-3.5%	-6.0%	-10.9%
4/27/2023	-3.2%	-1.3%	4.3%
1/26/2023	0.2%	4.4%	-2.6%
10/26/2022	3.3%	3.2%	18.1%
7/27/2022	-0.2%	0.8%	-5.7%
4/27/2022	-1.3%	1.5%	-6.8%
1/27/2022	-22.4%	-18.2%	-16.2%
10/27/2021	6.9%	21.0%	31.1%
7/28/2021	-1.1%	2.7%	-4.4%
4/28/2021	1.0%	-6.2%	-1.5%
1/28/2021	-7.8%	-7.3%	-1.1%
10/21/2020	4.7%	-0.5%	19.2%
7/22/2020	-0.3%	-3.0%	0.6%
4/22/2020	3.0%	3.7%	4.3%
1/23/2020	3.6%	-4.8%	-10.2%
SUMMARY STATS
# Positive	10	10	11
# Negative	14	14	13
Median Positive	4.1%	4.1%	18.1%
Median Negative	-3.3%	-6.1%	-6.8%
Max Positive	20.5%	21.7%	39.4%
Max Negative	-22.4%	-18.2%	-16.2%

SEC Filings

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Report Date	Filing Date	Filing
09/30/2025	10/30/2025	10-Q (09/30/2025)
06/30/2025	08/01/2025	10-Q (06/30/2025)
03/31/2025	05/02/2025	10-Q (03/31/2025)
12/31/2024	02/20/2025	10-K (12/31/2024)
09/30/2024	11/01/2024	10-Q (09/30/2024)
06/30/2024	08/02/2024	10-Q (06/30/2024)
03/31/2024	05/03/2024	10-Q (03/31/2024)
12/31/2023	02/22/2024	10-K (12/31/2023)
09/30/2023	11/03/2023	10-Q (09/30/2023)
06/30/2023	08/04/2023	10-Q (06/30/2023)
03/31/2023	05/05/2023	10-Q (03/31/2023)
12/31/2022	02/22/2023	10-K (12/31/2022)
09/30/2022	11/04/2022	10-Q (09/30/2022)
06/30/2022	08/05/2022	10-Q (06/30/2022)
03/31/2022	05/06/2022	10-Q (03/31/2022)
12/31/2021	02/23/2022	10-K (12/31/2021)

Insider Activity

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External Quote Links

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2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Teradyne (TER)

Market Price (12/29/2025): $198.0 | Market Cap: $31.4 BilSector: Information Technology | Industry: Semiconductor Materials & Equipment

Teradyne (TER)

Market Price (12/29/2025): $198.0Market Cap: $31.4 BilSector: Information TechnologyIndustry: Semiconductor Materials & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Better Bets than Teradyne (TER)

INDUSTRY: Semiconductor Materials & Equipment

Higher Rev Chg 3Y Avg | Lower P/S (Values for TER: -4.3% | 11.0x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TER: -4.3% | 58.5x)

Higher Rev Chg LTM (Value for TER: 4.5%)

Higher Rev Chg 3Y Avg (Value for TER: -4.3%)

Higher Op Mgn LTM (Value for TER: 18.8%)

Higher CFO/Rev LTM (Value for TER: 23.6%)

Higher FCF/Rev LTM (Value for TER: 16.0%)

Higher Total Yield (Value for TER: 1.6%)

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for TER: -4.3% | 11.0x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TER: -4.3% | 58.5x)

Higher Rev Chg LTM (Value for TER: 4.5%)

Higher Rev Chg 3Y Avg (Value for TER: -4.3%)

Higher Op Mgn LTM (Value for TER: 18.8%)

Higher CFO/Rev LTM (Value for TER: 23.6%)

Higher FCF/Rev LTM (Value for TER: 16.0%)

Higher Total Yield (Value for TER: 1.6%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for TER: -4.3% | 11.0x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TER: -4.3% | 58.5x)

Higher Rev Chg LTM (Value for TER: 4.5%)

Higher Rev Chg 3Y Avg (Value for TER: -4.3%)

Higher Op Mgn LTM (Value for TER: 18.8%)

Higher CFO/Rev LTM (Value for TER: 23.6%)

Higher FCF/Rev LTM (Value for TER: 16.0%)

Higher Total Yield (Value for TER: 1.6%)

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Market Price (12/29/2025): $198.0 | Market Cap: $31.4 Bil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

Market Price (12/29/2025): $198.0
Market Cap: $31.4 Bil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment