Also trades as TEY.DE.

TER

BuyPremium GrowerAI pick

Teradyne, Inc. · Technology · United States · $60.8B cap · $933.2M/day traded

$383.85 -4.7% · close 12 Oct · scored 14 Oct

StockRank down 3.8 since 13 Oct: Momentum down 3.

Premium Grower: Strong business with the market behind it, priced at a premium.

71
StockRank
Get score and insider alerts

Report expected 21 Oct: the next-year EPS estimate has risen 18.5% over the last 14 weeks.

Quality
85
Value
18
Momentum
63

As of 14 Oct 2026, MoatMap's StockRank for Teradyne, Inc. (TER) is 71/100, ranked against 24,000+ stocks in 35 markets (Quality 85, Value 18, Momentum 63, each scored against its sector).

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
54.8x
peers 29.1x
ROE
36.5%
peers 8.4%
D/E
0.0x
peers 0.2x
Dividend %
0.1%
trailing yield
AI CONVICTION THESIS

Teradyne is one of two global leaders in automated test equipment for semiconductors, a concentrated market with high switching costs because chipmakers write their test programs around a specific tester platform. AI accelerators and high-bandwidth memory are larger, more complex and more expensive per chip, which raises the test time and test intensity needed per wafer. The new Magnum E2 memory tester targets that demand directly. The GS Microelectronics partnership, aimed at AI, silicon photonics and automotive chips, widens the customer base beyond a few mega-customers. The company is highly profitable, funds itself from internal cash flow and is buying back shares, and recent insider sales are negligible at 0.01% of shares outstanding. The upside case is that AI-driven test intensity keeps revenue and margins growing through a period when rate cuts are uncertain, favouring cash-generative, unlevered businesses.

ABOUT TERADYNE, INC.

Read

Teradyne, Inc. is a global leader in automatic test equipment (ATE) for semiconductors, circuit boards, and electronic systems, alongside its growing collaborative robot (cobot) division. The company's competitive moat is built on its deep engineering expertise, proprietary test technologies, and strong relationships with leading semiconductor manufacturers, ensuring its critical role in chip quality and performance. Its diversified portfolio, combining semiconductor test leadership with innovative industrial automation, positions it for growth across high-tech sectors.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue3.2B2.7B2.8B3.2B0.4%4.5B5.1B6.3B40.1%
EPS4.522.913.413.48-8.3%7.359.0911.6583.0%
Shares155.8M152.7M161.7M156.1M+0.2%156.3M———
Debt132.9M82.6M76.6M283.2M28.7%100.1M———
Equity2.5B2.5B2.8B2.8B4.5%————
Op CF577.9M585.2M672.2M674.4M5.3%1.1B———
Inv CF43.8M-179.6M-622.3M-368.6M—————
Fin CF-893.0M-501.9M-251.8M-562.3M—————
Loading 1Y...
PRICE (1Y) · USD+9.7%
32935938941944931 Aug22 Sep12 Oct
SMA 50SMA 200

Price checkNo clear trendExperimental

No clear trend: not near its 52-week low, and not in a steady uptrend.

SwingsVery bumpy

Swung more than 87% of stocks we rank over the past year (77% a year).

How this is worked out

StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.

The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.

In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
$383.85
RSI (14)
45.0
52-Week Range-21.3% from high
Low $131.50High $487.72

SCORE BREAKDOWN

Quality
85
ROIC
32.9%94.2
ROE
36.5%93.1
GP/Assets
63.2%93.7
Op. Margin
33.2%93.7
FCF/Assets
13.2%86.2
Piotroski
659.3
Int. Cover
50.0x84.9
D/E Ratio
0.03x79.1
Current Ratio
2.13x55.1
Value
18
P/E (TTM)
54.8x27.3
EV/EBITDA
41.7x23.6
P/FCF
110.0x17.1
P/B
20.1x4.9
P/S
14.1x11.8
Div Yield
0.1%11.5
Momentum
63
52W High %
79%69.6
RS 6M
-10%48.7
SMA 50/200
1.12x75.1
EPS Rev 4W
0.0%42.7
EPS Rev 12W
+18.5%89.8
EPS Improve
+59%43.4
Q Growth
378%88.7

FUNDAMENTALS

Market Cap
$60.8B
P/E (Forward)
34.6x
Gross Margin
59.2%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of TER are excluded.

TickerCompanyMkt CapStockRankSignal
TERTeradyne, Inc.(you)$60.8B71Buy
ASM.ASASM International NV$47.3B78Buy
7769.TWHon. Precision, Inc.$32.1B75Buy
6920.TLasertec Corporation$22.9B68Buy
8035.TTokyo Electron Limited$156.4B66Buy
6857.TAdvantest Corporation$152.0B78Buy
7735.TSCREEN Holdings Co., Ltd.$16.0B71Buy
6146.TDisco Corporation$36.5B54Hold
000100.SZTCL Technology Group Corporation$15.9B64Hold
3189.TWKinsus Interconnect Technology Corp.$15.9B63Hold

Peer medians: ROE 8.4% · P/E 29.1x · Gross margin 33.3%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

Teradyne, Inc. (TER): Stock Score Summary

Teradyne, Inc. (TER) has a MoatMap StockRank of 71/100 based on Quality (85/100), Value (18/100), and Momentum (63/100) factor scores. The current signal is BUY. Teradyne is one of two global leaders in automated test equipment for semiconductors, a concentrated market with high switching costs because chipmakers write their test programs around a specific tester platform. AI accelerators and high-bandwidth memory are larger, more complex and more expensive per chip, which raises the test time and test intensity needed per wafer. The new Magnum E2 memory tester targets that demand directly. The GS Microelectronics partnership, aimed at AI, silicon photonics and automotive chips, widens the customer base beyond a few mega-customers. The company is highly profitable, funds itself from internal cash flow and is buying back shares, and recent insider sales are negligible at 0.01% of shares outstanding. The upside case is that AI-driven test intensity keeps revenue and margins growing through a period when rate cuts are uncertain, favouring cash-generative, unlevered businesses.

Teradyne, Inc. is a global leader in automatic test equipment (ATE) for semiconductors, circuit boards, and electronic systems, alongside its growing collaborative robot (cobot) division. The company's competitive moat is built on its deep engineering expertise, proprietary test technologies, and strong relationships with leading semiconductor manufacturers, ensuring its critical role in chip quality and performance. Its diversified portfolio, combining semiconductor test leadership with innovative industrial automation, positions it for growth across high-tech sectors.

Key Financial Metrics

Price$383.85
Market Cap$60.8B
P/E (TTM)54.79
P/E (Forward)34.56
Price/Book20.05
Return on Equity36.5%
Return on Invested Capital32.9%
Debt/Equity0.03x
Gross Margin59.2%
Operating Margin33.2%
Revenue Growth103.9%
Dividend Yield0.1%
Free Cash Flow$553M

Teradyne, Inc. operates in the Semiconductor Equipment & Materials industry, part of the Technology sector (United States).

Frequently Asked Questions

What is Teradyne, Inc.’s (TER) StockRank?
MoatMap’s StockRank for Teradyne, Inc. (TER) is 71/100, with a Buy signal. It is a composite of Quality (85), Value (18), and Momentum (63), each scored against its sector. The composite is then ranked across MoatMap’s universe of 24,000+ stocks.
Does Teradyne, Inc. have an economic moat?
Teradyne, Inc. (TER) has a Quality factor score of 85/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Teradyne, Inc. a buy, hold, or sell?
MoatMap’s current signal for Teradyne, Inc. (TER) is Buy, based on a StockRank of 71/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Teradyne, Inc. in?
Teradyne, Inc. (TER) operates in the Technology sector, specifically the Semiconductor Equipment & Materials industry (United States).