SURVYR

TER

Teradyne, Inc.
$323.68
+$14.68 (4.75%)Oct 27 close
Information TechnologyS&P 500 CompareTechnicals
Model valuationLeans expensiveDCF base $226
1M3M6M1Y2Y
-7%+52%+112%+172%+231%Oct 2025Oct 2026Apr 202652w high $487.9152w low $144.07
TERSPY
Wall St. Highest PT $550.00 (+69.9%) Wall St. Avg PT $445.47 (+37.6%)
$144$262$381$499$618POC $375Hi $550Avg $445
Underwater Drawdown %Max DD -36.2%Current -33.1%
0.0%-36.2%
Relative Strength vs SPY+106.3% vs SPYOutperforming
+251%0%-251%
1W
−$12.91 (3.84%)
1M
−$74.70 (18.75%)
3M
+$3.15 (0.98%)
6M
−$56.16 (14.79%)
YTD
+$130.35 (67.42%)
1Y
+$176.47 (119.87%)

Chart

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Ratings & dials

1m · 5m · 15m · 1h · 4h · 1D

Analyst & Morningstar ratings

Consensus · Targets · Morningstar
Wall Street analyst consensus
SellHoldStrong Buy
Buy
17 analysts · mean score 1.65
1 = Strong Buy · 5 = Sell
Strong Buy1165%
Buy16%
Hold529%
Underperform00%
Sell00%
Wall Street consensus · as of Oct 19, 2026
Analyst price targets
Current price$323.68
Average target$445.47
+$121.79 (+37.6%) upsideaverage target vs current price
CurrentAverageMedian
Low$350.00
Median$450.00
High$550.00
12-month Wall Street target range · as of Oct 19, 2026

Third-party ratings, not SURVYR.'s views.

Health check

Financial health
DistressGrey zoneSafe
Safe zone
Altman Z-score 22.5
Above 2.99 is the safe zone, below 1.81 the distress zone.
Quality
WeakAverageStrong
Average
Piotroski F-score 6 of 9
See the tests
  • ✓Positive net income
  • ✓Positive operating cash flow
  • ✗Return on assets improved
  • ✓Cash flow above net income
  • ✓Long-term debt / assets fell
  • ✗Current ratio improved
  • ✓No share dilution
  • ✗Gross margin improved
  • ✓Asset turnover improved

Computed by SURVYR. from the company's SEC filings (latest balance sheet Jun 28, 2026). Descriptive, not a forecast.

Key stats & company

Market value$48.3B
P/E (last 12 months)42.4
P/E (next 12 months, estimated)26.9
52-week range$144.07 – $487.91
Revenue growth (latest quarter vs a year ago)+103.9%
Dividend yield0.17%
Analyst consensusBuy (15)
Average analyst price target$445.47 (+38%)

What they do

Teradyne, Inc. engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through Semiconductor Test, Robotics, and Other segments. The Semiconductor Test segment offers products and services for wafer level and device package testing, and system level testing of semiconductor devices in automotive.

Technology · Semiconductor Equipment & Materials
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -2 (DCF counts double).
▼DCF (base case)below the price by 30%
▼Forward P/E vs sector26.9x vs median 17.3x
•Piotroski F-score6/9
▲Altman Z22.5 (safe)
▲Net debt / EBITDA-0.4x
▲Analyst target+38% (15 analysts)

Discounted cash flow

CyclicalValued on average-cycle margins
Bear
$111
-66%
growth 18% · disc. 14.0% · term. 2.0%
Base
$226
-30%
growth 30% · disc. 13.0% · term. 2.5%
Bull
$380
+18%
growth 38% · disc. 12.0% · term. 3.0%

Starting cash flow is mid-cycle: 19.0% average margin × current revenue = 0.8B (last 12 months: 0.8B at a 18% margin). On trailing cash flow the base case would be $213.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 28% a year for 10 years.
Implied
+28%/yr
FCF, last 3 yrs
+3%/yr
FCF, last 5 yrs
-8%/yr
Revenue, last 3 yrs
+0%/yr
Revenue, last 5 yrs
+0%/yr
Same inputs as the DCF above: mid-cycle free cash flow 0.8B, 13.0% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-28). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.75 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)
sector median 35.4× · 60th pct
 42.4×
pricier
Forward P/E
sector median 17.3× · 79th pct
 26.9×
pricier
EV / EBITDA
sector median 20.3× · 71st pct
 32.1×
pricier
Price / sales
sector median 4.8× · 80th pct
 10.8×
pricier
Price / book
sector median 5.2× · 83rd pct
 14.0×
pricier
FCF yield
sector median 3.6% · 24th pct
 1.7%
pricier

Forward EPS $11.46 vs trailing $7.28 (+57% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$130.2M
as of 2026-06-28
vs a year ago
-86%
YoY
× TTM revenue
0.03×
coverage
24-09
24-12
25-03
25-06
25-09
25-12
26-03
26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
59.2%
Operating margin
30.2%
FCF margin
17.9%
Net margin
25.8%
Return on equity
33.5%
Return on invested capital
41.9%
Net debt / EBITDA
-0.4×
Current ratio
2.1×
Interest cover
118.8×
Cash conversion (OCF/NI)
0.9×
Piotroski F-score 6/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score 22.5 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$445
+38%
Analysts
15
Buy
Range
$350–$550
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$3.2B$554.0M$450.4M
2024$2.8B$542.4M$474.1M
2023$2.7B$448.8M$425.6M
2022$3.2B$715.5M$414.7M
2021$3.7B$1.0B$965.9M
2020$3.1B$784.1M$684.0M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +0.4%.

For information only · Important disclosures

Grades vs sector

Momentum
87th percentile in sector
A-
12-1 return: +121.0%
Percentile within its GICS sector across the S&P 1500.
Growth
97th percentile in sector
A+
Revenue growth (YoY): +103.9%
Percentile within its GICS sector across the S&P 1500.
Value
22nd percentile in sector
D
Forward E/P: 3.6% · EBITDA/EV: 3.0%
Percentile within its GICS sector across the S&P 1500.
Profitability
83rd percentile in sector
A-
Profit margin: +25.8% · Return on equity: +36.5%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Systematic Models

Held by 2 of 7 live models: Quality Growth, Momentum Top 15.

Quality Growth
6.7% of the book · ranked 10 of 360
 HeldMomentum Top 15
6.7% of the book · ranked 12 of 499
 HeldMomentum Blend
Not in the current book
 New Highs Growth
Outside this model's universe or screens
 SURVYR. Barbell Momentum & T-Bill Shield
Outside this model's universe or screens
 SURVYR. Physical AI Grid & Power
Outside this model's universe or screens
 SURVYR. Long Book
Not in the current book
Why it's in the Quality Growth #10 of 360

Qualified on ROIC 35%, revenue +58% (TTM), growth accelerating +71.4 pts, latest quarter 2026-06-28. Ranked 10th of 360 at the 2026-09-30 rebalance.

What would knock it out: Drops out if it falls outside the top 15 at the next rebalance (Oct 30). In the latest preview (2026-10-27) it ranks 13th.

Why it's in the Momentum Top 15 #12 of 499

Qualified on 12-1 momentum of +154.6% (its gain from 12 months to 1 month before 2026-09-30). Ranked 12th of 499 at the 2026-09-30 rebalance.

What would knock it out: Drops out if it falls outside the top 15 at the next rebalance (Oct 30). In the latest preview (2026-10-27) it ranks 14th.

Earnings & events

TER earningsNo upcoming date on file
Last 4 quarters · EPS vs estimate
Jul 28, 2026$2.47est $2.05+20.3%Above estimates
Apr 28, 2026$2.56est $2.12+20.9%Above estimates
Feb 2, 2026$1.80est $1.38+30.1%Above estimates
Oct 28, 2025$0.85est $0.79+7.5%Above estimates

In line = within 1% of the estimate.

Source: Yahoo Finance · refreshed 2026-10-27 18:03:20 ET
24-1025-0125-0425-0725-1026-0226-0426-070.002.56
EstimateActual (beat)Actual (miss)

News & catalysts

More news
Western Digital, Allegro MicroSystems, Amtech, and Teradyne shares skyrocket, what you need to know
StockStory · 6h ago
Teradyne Inc. Q3 Profit Climbs
Nasdaq · 7h ago
Lam Research Stock Is 45% Below Its High. How Deep Have Past Drops Gone?
Trefis · 12h ago
TER reports earnings tomorrow, after the close
Nasdaq earnings calendar · Oct 26
TER vs. AMD: Which AI Component Supplier Stock Is the Better Buy?
Zacks · Oct 23

Research

Quality Growth: rebalance of Sep 30, 2026Oct 22, 2026Momentum Top 15: the October 2026 book, a rough start, and what the backtest says to expectOct 18, 2026
Insider trades
Matz Marilyn
Director · 2026-10-21
Sell
$140.0K
Matz Marilyn
Director · 2026-10-15
Sell
$273.0K
Smith Gregory Stephen
Director, President and CEO · 2026-10-15
Sell
$1.4M
Johnson Mercedes
Director · 2026-10-01
Sell
$67.3K
Matz Marilyn
Director · 2026-09-17
Sell
$140.4K
Matz Marilyn
Director · 2026-09-15
Sell
$270.3K
Smith Gregory Stephen
Director, President and CEO · 2026-09-15
Sell
$1.4M
Johnson Mercedes
Director · 2026-09-01
Sell
$57.0K
Matz Marilyn
Director · 2026-08-17
Sell
$510.0K
Smith Gregory Stephen
Director, President and CEO · 2026-08-17
Sell
$1.7M
Johnson Mercedes
Director · 2026-08-03
Sell
$59.5K
None
None · None
Sell
–

Stats refreshed 2026-10-27 18:03:20 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Systematic research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

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