Logo

TER

Teradyne, Inc.

TER

Teradyne, Inc. • NASDAQ
$181.90 ▲ 1.40% (+2.52)
Market Cap $29.22 B
52w High $191.56
52w Low $65.77
Dividend Yield 0.48%
P/E 66.15
Volume 1.88M
Outstanding Shares 160.63M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $769.21M ▲ $304.003M ▲ $119.558M ▲ 15.543% ▲ $0.75 ▲ $175.862M ▲
Q2-2025 $651.797M ▼ $282.269M ▼ $78.372M ▼ 12.024% ▼ $0.49 ▼ $128.753M ▼
Q1-2025 $685.68M ▼ $294.533M ▲ $98.896M ▼ 14.423% ▼ $0.61 ▼ $150.121M ▼
Q4-2024 $752.884M ▲ $293.703M ▲ $146.253M ▲ 19.426% ▼ $0.9 ▲ $189.514M ▼
Q3-2024 $737.298M $284.449M $145.649M 19.754% $0.89 $190.081M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $297.717M ▼ $3.964B ▲ $1.246B ▲ $2.717B ▼
Q2-2025 $367.89M ▼ $3.762B ▲ $924.561M ▲ $2.837B ▲
Q1-2025 $507.777M ▼ $3.706B ▼ $908.338M ▲ $2.797B ▼
Q4-2024 $599.666M ▲ $3.709B ▼ $889.42M ▲ $2.819B ▼
Q3-2024 $551.667M $3.77B $867.186M $2.903B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $296.65B ▲ $49.05M ▼ $-67.455M ▲ $-47.791M ▲ $-66.552M ▲ $2.358M ▼
Q2-2025 $78.372M ▼ $182.089M ▲ $-178.464M ▼ $-136.804M ▲ $-136.38M ▼ $131.681M ▲
Q1-2025 $98.896M ▼ $161.637M ▼ $-61.773M ▲ $-176.815M ▼ $-77.722M ▼ $97.616M ▼
Q4-2024 $146.253M ▲ $282.557M ▲ $-67.459M ▼ $-163.21M ▼ $43.318M ▼ $225.172M ▲
Q3-2024 $145.649M $166.271M $-49.796M $-29.283M $88.132M $114.43M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $630.00M ▲$560.00M ▼$520.00M ▼$630.00M ▲
Service
Service
 $130.00M ▲$120.00M ▼$130.00M ▲$140.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Teradyne’s income statement shows a classic technology cycle: results were strongest a few years ago and then cooled, but have started to improve again. Sales and profits are below their prior peak, yet the company continues to earn healthy margins and stays comfortably profitable even in a softer environment. This suggests a resilient, high‑value business that is still exposed to swings in semiconductor demand, but not swinging into losses when the cycle turns. Recent upticks in revenue and earnings point to an early recovery rather than a full rebound so far.

Balance Sheet

Balance Sheet The balance sheet looks conservative and solid. Total assets have been fairly steady over time, equity has gradually built up, and debt has been trimmed down to low levels. Cash has come down from earlier highs but remains meaningful, especially given the light debt load. Overall, Teradyne appears to have a strong financial cushion, with modest leverage and enough flexibility to keep investing through the cycle and handle volatility in orders.

Cash Flow

Cash Flow Teradyne consistently generates more cash from its operations than it spends on capital investments, which leads to positive free cash flow year after year. Cash generation did ease after the boom period but has remained robust and stable rather than collapsing. Capital spending is relatively modest, reinforcing an asset‑light profile and leaving room for uses like R&D, acquisitions, buybacks, or dividends. In short, the company converts its profits into cash reliably, even in down cycles.

Competitive Edge

Competitive Edge Teradyne holds a leading position in automated test equipment, effectively sharing most of the high‑end market with one main rival. Its reputation, installed base, and deep integration with major chipmakers make it hard for new entrants to displace. Long design cycles and complex test programs create sticky customer relationships. At the same time, the market is concentrated, cyclical, and technologically demanding, so Teradyne must continuously execute well to maintain its edge. Its move into industrial robotics adds diversification and another area of potential strength, but also brings new competitors and execution challenges.

Innovation and R&D

Innovation and R&D Innovation is at the core of Teradyne’s strategy. The company focuses its R&D on advanced chip testing for AI, high‑performance computing, and complex packaging, as well as system‑level testing that mimics real‑world use. It also invests heavily in wireless test (5G, Wi‑Fi 7), collaborative robots, mobile robots, and emerging areas like silicon photonics. These initiatives position Teradyne in several long‑term growth themes, but they require sustained, high R&D spending and successful product execution. The robotics and photonics efforts, in particular, could become important growth engines or, if they underperform, weigh on returns.

Summary

Overall, Teradyne combines a strong financial base with a high‑quality, innovation‑driven franchise in a niche but critical part of the semiconductor and automation value chain. The company has stayed profitable and cash‑generative through a down cycle, carries little debt, and appears well positioned to benefit from trends in AI chips, advanced packaging, automotive electronics, wireless connectivity, and factory automation. Key uncertainties include the timing and strength of the semiconductor upturn, competitive pressure in both test and robotics, and the need to keep winning in fast‑moving technologies. The picture is of a financially disciplined, market‑leading specialist operating in cyclical but structurally important markets.

NEWS

November 18, 2025 · 9:41 AM UTC

Viam Partners with Universal Robots on Industrial Automation Systems

Read more

November 10, 2025 · 3:46 PM UTC

Teradyne Declares Quarterly Cash Dividend

Read more

October 28, 2025 · 5:15 PM UTC

Teradyne Announces Chief Financial Officer Transition

Read more

October 28, 2025 · 5:00 PM UTC

Teradyne Reports Third Quarter 2025 Results

Read more

October 15, 2025 · 5:00 PM UTC

Teradyne to Announce Third Quarter 2025 Results

Read more