NASDAQ · TER
Teradyne, Inc.
Technology · Semiconductors
$449.04▲ 8.00% ($33.25)at close
After hours$451.00▲ 0.44%7:59 PM ET
Valuation
Revenue & margin DCF
Verdict: expensive. Price above all scenarios.
The price needs 36.6% revenue growth a year for 10 years. Our scenarios assume 13.5–23.4%.
Its past 4 years averaged −3.7% a year.
Value per share
Base case
$154.80
Price used $449.04 is 2.9× this
USD · TTM ending Jun 28, 2026 · Price Oct 2, 8:00 PM UTC
Revenue each value needs
Revenue today $4.5B. The price needs $101B by 2036. Base case: $25B. At its recent pace: $3.1B. Bear to Bull: $15.8B to $36.6B.
Revenue today $4.5B. The price needs $101B by 2036. Base case: $25B. At its recent pace: $3.1B. Bear to Bull: $15.8B to $36.6B.
Revenue in 2036
today $4.5B
+$75.7Bmore than the Base case · 4.0×
Value per share · Base case
$154.80
Price $449.04
2.9× this
- 10-yr revenue CAGR
- 18.8%
- Ending operating margin
- 30.0%
- Discount rate
- 15.1%
USD · TTM ending Jun 28, 2026 · Price Oct 2, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 210.69% over the last year. Revenue grew 57.87% over the trailing twelve months. Operating margin moved from 18.29% to 30.61%. Free cash flow grew 40.61% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 30.61% — continued expansion would be needed to justify the premium. Revenue growth of 57.87% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Return analysis
Company profile
Teradyne, Inc., established in 1960 and headquartered in North Reading, Massachusetts, is a global leader specializing in the creation, production, sale, and maintenance of automated testing solutions.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
19
Buy
12
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 27, 2026
Q3 FY26 · EPS est $2.08 · Revenue est $1.26B
View
Institutional Sentiment
Teradyne, Inc. · TER
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.