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Teradyne, Inc.

Teradyne, Inc.

NASDAQ•TER
CEO: Mr. Gregory S. Smith
Sector: Technology
Industry: Semiconductors
Listing Date: 1970-09-14
Teradyne, Inc. designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices 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, including microcontrollers; 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 and system level test systems; and circuit-board test and inspection systems. The Wireless Test segment provides wireless test solutions for silicon validation, wireless module manufacturing, and wireless end device manufacturing under the LitePoint brand. This segment also offers IQxel-MX and IQxel-MW7G series products for edge measurement performance in the manufacturing of connectivity products; IQxstream-5G and IQgig-5G family products to support 4G and 5G technologies; and IQgig-UWB+ for certification and manufacturing test support for ultra wideband products. The Robotics segment provides collaborative robotic arms, autonomous mobile robots, and advanced robotic control software for manufacturing, logistics, and industrial customers. The company was incorporated in 1960 and is headquartered in North Reading, Massachusetts.
Contact Information
600 Riverpark Drive, North Reading, MA, 01864, United States
978-370-2700
www.teradyne.com
Market Cap
$31.07B
P/E (TTM)
69.2
69.7
Dividend Yield
0.2%
52W High
$205.00
52W Low
$65.77
52W Range
92%
Rank33Top 18.8%
5.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$769.21M+4.33%
4-Quarter Trend

EPS

$0.75-15.73%
4-Quarter Trend

FCF

$2.36M-97.94%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Total Revenue Growth Nine months total revenue reached $2.11B, showing a $39.7M increase compared to the prior comparable period.
Gross Margin Expansion Nine months gross profit margin improved to 58.7%, reflecting a 0.6 point increase over prior period results.
Strategic Acquisitions Closed Completed Quantifi Photonics for $127.2M and AET for $18.3M, bolstering the newly formed Product Test segment.
Aggressive Share Repurchases Returned $576.3M to shareholders during nine months, including $523.5M spent on common stock repurchases.

Risk Factors

Net Income Decline Nine months net income fell sharply to $296.8M from $396.1M year-over-year comparison due to various factors.
Robotics Sales Contraction Third quarter Robotics revenue decreased $13.6M, or 15.3%, primarily due to lower sales of collaborative robotic arms.
Restructuring Charges Hit Recorded $18.5M severance charges in nine months, largely related to Robotics restructuring impacting profitability.
Foreign Currency Headwind Robotics revenue denominated in foreign currencies is negatively affected by the strengthening U.S. dollar throughout 2025.

Outlook

Semiconductor Test Investment Expecting AI/data center acceleration to continue into 2026; investing heavily in sales, engineering, and support functions.
Robotics Channel Shift Robotics focus remains on operating expense management and channel transformation strategy for profitable mid-term growth.
Capital Allocation Balance Plan remains balanced between investing in organic/inorganic growth and returning cash via buybacks and dividends.
Liquidity Position Strong Cash, equivalents, and credit facility sufficient to cover next twelve months' dividend and working capital needs.

Peer Comparison

Revenue (TTM)

United Microelectronics CorporationUMC
$236.13B
+4.1%
Jabil Inc.JBL
$29.80B
+3.2%
Flex Ltd.FLEX
$26.33B
+3.5%

Gross Margin (Latest Quarter)

PTC Inc.PTC
85.6%
+3.6pp
Teradyne, Inc.TER
58.4%
-0.8pp
Tyler Technologies, Inc.TYL
47.2%
+6.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ASX$34.14B31.011.0%34.0%
TER$31.07B69.215.9%6.8%
FLEX$25.45B29.917.4%22.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.7%
Moderate Growth
4Q Net Income CAGR
-6.5%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$1.36
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 28, 2025|Filed: Oct 30, 2025|
    Revenue: $769.21M+4.3%
    |
    EPS: $0.75-15.7%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 29, 2025|Filed: Aug 1, 2025|
    Revenue: $651.80M-10.7%
    |
    EPS: $0.49-58.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 30, 2025|Filed: May 2, 2025|
    Revenue: $685.68M+14.3%
    |
    EPS: $0.61+45.2%
    Meet
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|
    Revenue: $2.82B+5.4%
    |
    EPS: $3.41+17.2%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 29, 2024|Filed: Nov 1, 2024|
    Revenue: $737.30M+4.8%
    |
    EPS: $0.89+7.2%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $729.88M+6.6%
    |
    EPS: $1.18+51.3%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $599.82M-2.9%
    |
    EPS: $0.42-22.2%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 22, 2024|
    Revenue: $2.68B-15.2%
    |
    EPS: $2.91-35.6%
    Meet