Teradyne (TER) Stock Analysis

November 11, 2026

This is a peer-relative look at Teradyne (TER): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Teradyne (TER)
Profile Item	TER
Name	Teradyne, Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductor Materials & Equipment
Market Capitalization	34.07 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	February 21, 1973
Security Type	Common Stock

Price Performance

Cumulative Growth

TER

GSPC

Teradyne (TER) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Teradyne (TER) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Teradyne (TER) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Teradyne (TER) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TER	Industry group median
Total Return (1Y)	31.13%	35.06%
Total Return (3Y, Annualized)	41.60%	22.14%
Total Return (5Y, Annualized)	10.83%	7.43%

Risk Profile

Drawdown History

TER

GSPC

Teradyne (TER) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Teradyne (TER) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Teradyne (TER) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TER	Industry group median
Volatility (1Y, Annualized)	78.35%	73.97%
Beta (5Y)	1.78	1.84
Max Drawdown (5Y)	-59.12%	-64.62%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. TER is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Teradyne (TER) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TER	Industry group median
Sharpe Ratio (1Y)	0.34	0.42
Sortino Ratio (1Y)	0.48	0.61

Profitability

ROE (TTM)

Teradyne (TER) posts ROE of 42.72%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

TER

Semiconductors & Semiconductor Equipment industry group

42.72%

Group distribution

Max: 52.82%
TER: 42.72%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Largest peers

NVDA: 117.21%
SKHY: 92.54%
MU: 88.26%
AVGO: 44.25%
TER: 42.72%
TSM: 41.86%
AMD: 11.96%

Where Teradyne (TER) stands on ROE within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Teradyne (TER) keeps 27.46% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

TER

Semiconductors & Semiconductor Equipment industry group

27.46%

Group distribution

Max: 63.80%
Q3: 28.36%
TER: 27.46%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Largest peers

SKHY: 70.27%
MU: 63.80%
NVDA: 63.66%
TSM: 51.12%
AVGO: 42.94%
TER: 27.46%
AMD: 16.77%

Where Teradyne (TER) stands on net margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Teradyne (TER) turns 30.87% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

TER

Semiconductors & Semiconductor Equipment industry group

30.87%

Group distribution

Max: 58.66%
TER: 30.87%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Largest peers

MU: 80.68%
SKHY: 79.66%
NVDA: 66.24%
TSM: 58.66%
AVGO: 54.31%
TER: 30.87%
AMD: 21.17%

Where Teradyne (TER) stands on operating margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Teradyne (TER) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TER	Industry group median
ROE (TTM)	42.72%	10.58%
ROA (TTM)	21.59%	4.85%
Net Margin (TTM)	27.46%	11.44%
Operating Margin (TTM)	30.87%	15.91%
Gross Margin (TTM)	59.32%	49.36%

Growth

Revenue Growth

Teradyne (TER) grew revenue 13.13%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Teradyne (TER): Revenue Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

EPS Growth

Teradyne (TER) grew earnings per share 4.52%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Teradyne (TER): EPS Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

Growth Metrics

Teradyne (TER) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TER	Industry group median
Revenue Growth (YoY)	13.13%	9.64%
Revenue Growth (3Y CAGR)	0.37%	0.00%
EPS Growth (YoY)	4.52%	4.90%
EPS Growth (3Y CAGR)	-6.31%	-7.71%

Financial Strength

Current Ratio (MRQ)

Teradyne (TER) has current ratio of 2.08, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

TER

Semiconductors & Semiconductor Equipment industry group

2.08

Group distribution

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
TER: 2.08
Min: 1.03

Largest peers

SKHY: 26.88
NVDA: 4.59
MU: 3.31
AMD: 2.73
TSM: 2.51
AVGO: 2.50
TER: 2.08

Where Teradyne (TER) stands on current ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Teradyne (TER) has debt-to-equity ratio of 0.04, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

TER

Semiconductors & Semiconductor Equipment industry group

0.04

Group distribution

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
TER: 0.04
Min: 0.00

Largest peers

AVGO: 0.60
NVDA: 0.17
AMD: 0.13
TSM: 0.12
SKHY: 0.05
MU: 0.04
TER: 0.04

Where Teradyne (TER) stands on debt-to-equity ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Teradyne (TER) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TER	Industry group median
Current Ratio (MRQ)	2.08	3.33
Debt / Equity (MRQ)	0.04	0.27
Net Debt / EBITDA	-0.19	-0.36

Dividends

Dividend Yield (TTM)

Teradyne (TER) has dividend yield of 0.24%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

TER

Semiconductors & Semiconductor Equipment industry group

0.24%

Group distribution

Max: 1.37%
Q3: 0.65%
TER: 0.24%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

SKHY: 2,118.64%
TSM: 1.70%
AVGO: 0.89%
TER: 0.24%
NVDA: 0.15%
MU: 0.09%
AMD: 0.00%

Where Teradyne (TER) stands on dividend yield within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Teradyne (TER) has payout ratio of 5.86%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

TER

Semiconductors & Semiconductor Equipment industry group

5.86%

Group distribution

Max: 49.64%
Q3: 21.71%
TER: 5.86%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

AVGO: 32.44%
TSM: 24.46%
TER: 5.86%
NVDA: 3.54%
MU: 0.71%
SKHY: 0.00%
AMD: 0.00%

Where Teradyne (TER) stands on payout ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Teradyne (TER) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TER	Industry group median
Dividend Yield (TTM)	0.24%	0.00%
Dividend Payout Ratio (TTM)	5.86%	0.00%

Valuation

P/E Ratio (TTM)

Teradyne (TER) trades at P/E ratio of 25.08, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

TER

Semiconductors & Semiconductor Equipment industry group

25.08

Group distribution

Max: 110.34
Q3: 66.81
Median: 37.02
TER: 25.08
Q1: 23.96
Min: 8.12

Largest peers

AMD: 95.95
AVGO: 37.51
TER: 25.08
TSM: 24.33
NVDA: 23.60
MU: 9.28
SKHY: 8.12

Where Teradyne (TER) stands on P/E ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Teradyne (TER) trades at 6.81 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

TER

Semiconductors & Semiconductor Equipment industry group

6.81

Group distribution

Max: 21.42
Q3: 12.27
TER: 6.81
Median: 5.76
Q1: 2.73
Min: 0.00

Largest peers

AMD: 16.21
AVGO: 15.73
NVDA: 14.88
TER: 6.81
MU: 5.86
TSM: 0.39
SKHY: 0.00

Where Teradyne (TER) stands on P/S ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Teradyne (TER) trades at 9.24 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

TER

Semiconductors & Semiconductor Equipment industry group

9.24

Group distribution

Max: 14.06
TER: 9.24
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Largest peers

TSM: 71.65
NVDA: 19.68
AVGO: 14.06
AMD: 10.77
TER: 9.24
MU: 5.64
SKHY: 3.95

Where Teradyne (TER) stands on P/B ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Teradyne (TER) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TER	Industry group median
P/E Ratio (TTM)	25.08	37.02
P/S Ratio (TTM)	6.81	5.76
P/B Ratio (MRQ)	9.24	4.29
Free Cash Flow Yield (TTM)	1.76%	1.46%