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Nasdaq · Technology

Teradyne, Inc. (TER)

As-reported financials and SEC filings for Teradyne, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Teradyne, Inc.

Teradyne, Inc. provides automated test equipment and robotics solutions globally. Its main products include semiconductor test systems, robotics products such as collaborative robotic arms and autonomous mobile robots, and product test systems for circuit-board, wireless, photonic integrated circuits, and defense and aerospace applications. Teradyne serves industries including consumer electronics, automotive, industrial, communications, aerospace, and defense, supplying manufacturers, logistics, and industrial customers.

Snapshot

Revenue
$3.19B
Revenue growth (YoY)
13.1%
Net income
$554.0M
Diluted EPS
$3.47
Gross margin
58.2%
Operating margin
20.4%
Net margin
17.4%
FCF margin
14.1%
ROE
19.8%
net income / fiscal-year-end equity
P/E
42.4×
trailing when available, otherwise FY EPS
Market cap
$48.29B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Teradyne

  • Revenue grew 13.1% to $3.2B in FY2025, faster than the 5.4% the year before.
  • Operating margin is 20.4% in FY2025, -12.0 pp against 32.4% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $1.3B, up 103.9% from Q2 FY2025.
  • Free cash flow was $450M in FY2025, 14.1% of revenue.
  • Net income rose 2.2% to $554M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Teradyne’s fundamentals sit among the 628 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin58.2%
60th percentile of 512
Operating margin20.4%
85th percentile of 564
Net margin17.4%
82nd percentile of 577
FCF margin14.1%
59th percentile of 545
Revenue growth (YoY)+13.1%
60th percentile of 619
ROE19.8%
81st percentile of 547
P/E42.4×
70th percentile of 319
Short interest3.67d
53rd percentile of 625

Teradyne’s operating margin of 20.4% ranks in the 85th percentile of the 564 Technology companies reporting it.

No reported insider purchases (code P) in the last 90 days; 11 insider sales totaling $5.9M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
5
+7 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
9
9 trimmed, 0 exited
Combined position
$2.98B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$1.14B2.4MAdded
Lone Pine CapitalQ2 2026$722.4M1.5MReduced
ARK Investment ManagementQ2 2026$312.0M644.8KReduced
Two Sigma InvestmentsquantQ2 2026$227.0M469.1KReduced
Point72 Asset ManagementquantQ2 2026$221.9M458.7KReduced
Renaissance TechnologiesquantQ2 2026$105.5M218.1KAdded
D. E. ShawquantQ2 2026$96.2M198.8KReduced
Gotham Asset ManagementQ2 2026$52.3M108.0KReduced
Bridgewater AssociatesQ2 2026$47.7M98.6KReduced
Citadel AdvisorsquantQ2 2026$32.7M67.5KReduced
Millennium ManagementquantQ2 2026$20.0M41.3KReduced
Maverick CapitalQ2 2026$1.0M2.1KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
11
$5.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-10-21
filed 2026-10-22
Marilyn MatzDirectorSell400$350.00$140K
2026-10-15
filed 2026-10-19
Gregory Stephen SmithPresident and CEOSell4.0K$341.28$1.4M
2026-10-15
filed 2026-10-19
Marilyn MatzDirectorSell800$341.28$273K
2026-10-01
filed 2026-10-02
Mercedes JohnsonDirectorSell167$402.90$67K
2026-09-17
filed 2026-09-18
Marilyn MatzDirectorSell400$351.11$140K
2026-09-15
filed 2026-09-16
Gregory Stephen SmithPresident and CEOSell4.0K$337.83$1.4M
2026-09-15
filed 2026-09-16
Marilyn MatzDirectorSell800$337.83$270K
2026-09-01
filed 2026-09-02
Mercedes JohnsonDirectorSell167$341.30$57K
2026-08-17
filed 2026-08-18
Gregory Stephen SmithPresident and CEOSell4.0K$425.00$1.7M
2026-08-17
filed 2026-08-18
Marilyn MatzDirectorSell1.2K$425.00$510K
2026-08-03
filed 2026-08-04
Mercedes JohnsonDirectorSell166$358.15$59K
2026-07-15
filed 2026-07-16
Gregory Stephen SmithPresident and CEOSell4.0K$356.31$1.4M

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
8.6M
settled 2026-09-30
Change vs prior
+6.6%
vs previous settlement
Days to cover
3.67
at avg daily volume
Avg daily volume
2.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-308.6M+6.6%3.67
2026-09-158.1M+15.3%3.20
2026-08-317.0M+2.6%2.87
2026-08-146.8M-14.7%2.57
2026-07-318.0M+10.0%1.90
2026-07-157.3M-20.0%1.94
2026-06-309.1M+3.1%1.33
2026-06-158.9M+28.6%2.31

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$3.19B$2.82B$2.68B$3.16B$3.70B
Gross profit
Operating income$650.1M$593.8M$501.1M$831.9M$1.20B
Pre-tax income$653.3M$609.1M$525.6M$840.4M$1.16B
Net income$554.0M$542.4M$448.8M$715.5M$1.01B
Diluted EPS$3.47$3.32$2.73$4.22$5.53

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$293.8M$553.4M$757.6M$854.8M$1.12B
Current assets$1.95B$1.82B$2.16B$2.26B$2.58B
Total assets$4.18B$3.71B$3.49B$3.50B$3.81B
Current liabilities$1.12B$624.6M$660.0M$746.3M$805.1M
Long-term debt—————
Total liabilities$1.39B$889.4M$960.9M$1.05B$1.25B
Total equity$2.80B$2.82B$2.53B$2.45B$2.56B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$674.4M$672.2M$585.2M$577.9M$1.10B
Capital expenditure$224.0M$198.1M$159.6M$163.2M$132.5M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.33B103.9%$374.5M$2.38
Q1 FY2026$1.28B87.0%$398.9M$2.53
Q4 FY202543.9%
Q3 FY2025$769.2M4.3%$119.6M$0.75
Q2 FY2025$651.8M-10.7%$78.4M$0.49
Q1 FY2025$685.7M14.3%$98.9M$0.61
Q4 FY202412.3%
Q3 FY2024$737.3M4.8%$145.6M$0.89

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryInstruments For Meas & Testing of Electricity & Elec Signals
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 28, 2026)
Oldest indexed filing2015
SEC CIK97210

Selected SEC filings

10-K2026-02-19
View on EDGAR →
10-K2025-02-20
View on EDGAR →
10-Q2026-07-31
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-08-01
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-07-29
View on EDGAR →

Largest Technology peers

All Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.