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Nasdaq · Technology

TERADYNE, INC (TER)

As-reported financials and recent SEC filings for TERADYNE, INC, latest fiscal period FY2025. 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%
P/E (TTM)
62.1×
Market cap
Debt / equity

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (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 Q1 FY2026: revenue $1.3B, up 87.0% from Q1 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 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin58.2%
60th percentile of 507
Operating margin20.4%
85th percentile of 562
Net margin17.4%
82nd percentile of 576
FCF margin14.1%
60th percentile of 541
Revenue growth (YoY)+13.1%
59th percentile of 616
ROE19.8%
82nd percentile of 536
P/E (TTM)62.1×
75th percentile of 332
Short interest1.94d
23rd percentile of 623

Teradyne’s operating margin of 20.4% ranks in the 85th percentile of the 562 Technology companies reporting it.

No open-market insider buys in the last 90 days; 12 insider sales totaling $8.4M. For context, about 16% of companies in the universe saw any open-market insider buying 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 4 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
4
+7 quant / multi-strat
Initiated / added
7
1 new, 6 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$3.22B
reported long value
InvestorAs ofPosition valueSharesChange
Point72 Asset ManagementquantQ1 2026$677.3M2.3MReduced
AQR Capital ManagementquantQ1 2026$629.5M2.2MAdded
Lone Pine CapitalQ1 2026$555.2M1.9MNew
ARK Investment ManagementQ1 2026$369.1M1.2MReduced
D. E. ShawquantQ1 2026$256.9M866.7KAdded
Two Sigma InvestmentsquantQ1 2026$248.9M839.4KAdded
Millennium ManagementquantQ1 2026$193.3M652.1KAdded
Citadel AdvisorsquantQ1 2026$104.2M351.3KReduced
Bridgewater AssociatesQ1 2026$100.5M338.9KAdded
Renaissance TechnologiesquantQ1 2026$48.9M164.9KAdded
Gotham Asset ManagementQ1 2026$38.1M128.4KReduced

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
open-market
Bought (90d)
open-market value
Sells (90d)
12
$8.4M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-15
filed 2026-07-16
Smith Gregory StephenPresident and CEOSell4.0K$356.31$1.4M
2026-07-15
filed 2026-07-16
MATZ MARILYNDirectorSell1.2K$356.31$428K
2026-07-01
filed 2026-07-02
JOHNSON MERCEDESDirectorSell167$460.00$77K
2026-06-15
filed 2026-06-16
Smith Gregory StephenPresident and CEOSell4.0K$423.03$1.7M
2026-06-15
filed 2026-06-16
MATZ MARILYNDirectorSell1.2K$423.03$508K
2026-06-02
filed 2026-06-03
JOHNSON MERCEDESDirectorSell167$369.74$62K
2026-05-22
filed 2026-05-26
Poulin Shannon JohnPresident, Semiconductor TestSell656$355.00$233K
2026-05-21
filed 2026-05-26
Poulin Shannon JohnPresident, Semiconductor TestSell1.0K$345.37$348K
2026-05-21
filed 2026-05-26
MATZ MARILYNDirectorSell400$350.00$140K
2026-05-15
filed 2026-05-19
Smith Gregory StephenPresident and CEOSell8.6K$338.98$2.9M
2026-05-15
filed 2026-05-19
MATZ MARILYNDirectorSell800$338.98$271K
2026-05-07
filed 2026-05-11
Driscoll RyanVP, General Counsel, SecretarySell680$377.60$257K

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
7.3M
settled 2026-07-15
Change vs prior
-20.0%
vs previous settlement
Days to cover
1.94
at avg daily volume
Avg daily volume
3.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-157.3M-20.0%1.94
2026-06-309.1M+3.1%1.33
2026-06-158.9M+28.6%2.31
2026-05-296.9M+12.4%1.96
2026-05-156.1M+13.4%1.61
2026-04-305.4M+10.3%1.33
2026-04-154.9M+0.6%1.64
2026-03-314.9M-5.9%1.57

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$1.86B$1.65B$1.54B$1.87B$2.21B
Operating income$650.1M$593.8M$501.1M$831.9M$1.20B
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; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

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; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

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$450.4M$474.1M$425.6M$414.7M$965.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$1.28B87.0%$398.9M$2.53
Q4 FY2025$1.08B43.9%$257.2M$1.63
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 FY2024$752.9M12.3%$146.3M$0.90
Q3 FY2024$737.3M4.8%$145.6M$0.89
Q2 FY2024$729.9M6.6%$186.3M$1.14

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryInstruments For Meas & Testing of Electricity & Elec Signals
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2014
SEC CIK97210

Recent SEC filings

10-K2026-02-19
View on EDGAR →
10-K2025-02-20
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-08-01
View on EDGAR →
10-Q2025-05-02
View on EDGAR →
8-K2026-05-11
View on EDGAR →
8-K2026-04-29
View on EDGAR →

Largest Technology peers

All Technology companies →

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