CBRS vs. TER: Cerebras Systems vs. Teradyne Stock Comparison
How do Cerebras Systems (CBRS) and Teradyne (TER) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Cerebras Systems (CBRS) and Teradyne (TER) both belong to the Semiconductors & Semiconductor Equipment industry, though CBRS is classified under Semiconductors while TER falls under Semiconductor Materials & Equipment.
Teradyne (TER) has been public since February 21, 1973, giving it decades of market history across multiple cycles, while Cerebras Systems (CBRS) listed only on May 14, 2026 and lacks comparable through-cycle data.
| Profile Item | CBRS | TER |
|---|---|---|
| Name | Cerebras Systems Inc. Class A Common Stock | Teradyne, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Semiconductors & Semiconductor Equipment | Semiconductors & Semiconductor Equipment |
| GICS Industry | Semiconductors & Semiconductor Equipment | Semiconductors & Semiconductor Equipment |
| GICS Sub-Industry | Semiconductors | Semiconductor Materials & Equipment |
| Market Capitalization | 21.30 billion USD | 34.07 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | May 14, 2026 | February 21, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CBRS | TER |
|---|---|---|
| Total Return (1Y) | -- | 31.13% |
| Total Return (3Y, Annualized) | -- | 41.60% |
| Total Return (5Y, Annualized) | -- | 10.83% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CBRS | TER |
|---|---|---|
| Volatility (1Y, Annualized) | 113.27% | 78.35% |
| Beta (5Y) | 1.86 | 1.78 |
| Max Drawdown (5Y) | -73.73% | -59.12% |
| Avg. Volume (3M) | 8.89M | 3.01M |
Risk-Adjusted Performance
Risk-Return Positioning
Both CBRS and TER need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | CBRS | TER |
|---|---|---|
| Sharpe Ratio (1Y) | -- | 0.34 |
| Sortino Ratio (1Y) | -- | 0.48 |
Profitability
ROE (TTM)
Capital efficiency shows on one side only: Teradyne (TER) earns 42.72% on shareholders’ equity, ranked against its industry; Cerebras Systems (CBRS) has no ROE this period.
CBRS
Semiconductors & Semiconductor Equipment industry group
--
- Max
- 52.82%
- Q3
- 22.26%
- Median
- 10.58%
- Q1
- 1.29%
- Min
- -16.89%
- CBRS
- --
TER
Semiconductors & Semiconductor Equipment industry group
42.72%
- Max
- 52.82%
- TER
- 42.72%
- Q3
- 22.26%
- Median
- 10.58%
- Q1
- 1.29%
- Min
- -16.89%
Net Margin (TTM)
Cerebras Systems (CBRS) reports a negative net margin of -75.27%, usually indicating a net loss over the period. Meanwhile Teradyne (TER) reports 27.46%, ranking against industry peers normally.
CBRS
Semiconductors & Semiconductor Equipment industry group
-75.27%
- Max
- 63.80%
- Q3
- 28.36%
- Median
- 11.44%
- Q1
- 0.90%
- Min
- -37.77%
- CBRS
- -75.27%
TER
Semiconductors & Semiconductor Equipment industry group
27.46%
- Max
- 63.80%
- Q3
- 28.36%
- TER
- 27.46%
- Median
- 11.44%
- Q1
- 0.90%
- Min
- -37.77%
Operating Margin (TTM)
Cerebras Systems (CBRS) reports a negative operating margin of -264.97%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Teradyne (TER) reports 30.87%, ranking against industry peers normally.
CBRS
Semiconductors & Semiconductor Equipment industry group
-264.97%
- Max
- 58.66%
- Q3
- 30.23%
- Median
- 15.91%
- Q1
- 7.54%
- Min
- -25.74%
- CBRS
- -264.97%
TER
Semiconductors & Semiconductor Equipment industry group
30.87%
- Max
- 58.66%
- TER
- 30.87%
- Q3
- 30.23%
- Median
- 15.91%
- Q1
- 7.54%
- Min
- -25.74%
Profitability Metrics
| Metric | CBRS | TER |
|---|---|---|
| ROE (TTM) | -- | 42.72% |
| ROA (TTM) | -- | 21.59% |
| Net Margin (TTM) | -75.27% | 27.46% |
| Operating Margin (TTM) | -264.97% | 30.87% |
| Gross Margin (TTM) | 34.90% | 59.32% |
Growth
Revenue Growth
Cerebras Systems (CBRS) at 75.71% clears its industry range for revenue growth, far stronger top-line momentum than Teradyne (TER) at 13.13%, which is closer to a typical peer reading.
EPS Growth
Only one side can be read here: Teradyne (TER) reports EPS growth of 4.52%, ranked against its industry; Cerebras Systems (CBRS) has no EPS growth figure this period.
Growth Metrics
| Metric | CBRS | TER |
|---|---|---|
| Revenue Growth (YoY) | 75.71% | 13.13% |
| Revenue Growth (3Y CAGR) | 174.64% | 0.37% |
| EPS Growth (YoY) | -- | 4.52% |
| EPS Growth (3Y CAGR) | -- | -6.31% |
Financial Strength
Current Ratio (MRQ)
Cerebras Systems (CBRS) at 5.83 carries current ratio above its industry’s typical mid-range, while Teradyne (TER) at 2.08 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
CBRS
Semiconductors & Semiconductor Equipment industry group
5.83
- Max
- 10.33
- CBRS
- 5.83
- Q3
- 5.62
- Median
- 3.33
- Q1
- 2.35
- Min
- 1.03
TER
Semiconductors & Semiconductor Equipment industry group
2.08
- Max
- 10.33
- Q3
- 5.62
- Median
- 3.33
- Q1
- 2.35
- TER
- 2.08
- Min
- 1.03
Debt / Equity (MRQ)
Teradyne (TER) at 0.04 keeps leverage in the lower industry quartile, while Cerebras Systems (CBRS) at 0.16 runs a more typical debt-to-equity mix.
CBRS
Semiconductors & Semiconductor Equipment industry group
0.16
- Max
- 1.46
- Q3
- 0.65
- Median
- 0.27
- CBRS
- 0.16
- Q1
- 0.04
- Min
- 0.00
TER
Semiconductors & Semiconductor Equipment industry group
0.04
- Max
- 1.46
- Q3
- 0.65
- Median
- 0.27
- Q1
- 0.04
- TER
- 0.04
- Min
- 0.00
Financial Strength Metrics
| Metric | CBRS | TER |
|---|---|---|
| Current Ratio (MRQ) | 5.83 | 2.08 |
| Debt / Equity (MRQ) | 0.16 | 0.04 |
| Net Debt / EBITDA | -- | -0.19 |
Dividends
Dividend Yield (TTM)
Cerebras Systems (CBRS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Teradyne (TER) reports a yield of 0.24%, ranking against industry peers normally.
CBRS
Semiconductors & Semiconductor Equipment industry group
0.00%
- Max
- 1.37%
- Q3
- 0.65%
- CBRS
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
TER
Semiconductors & Semiconductor Equipment industry group
0.24%
- Max
- 1.37%
- Q3
- 0.65%
- TER
- 0.24%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Cerebras Systems (CBRS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Teradyne (TER) reports a payout of 5.86%, ranking against industry peers normally.
CBRS
Semiconductors & Semiconductor Equipment industry group
0.00%
- Max
- 49.64%
- Q3
- 21.71%
- CBRS
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
TER
Semiconductors & Semiconductor Equipment industry group
5.86%
- Max
- 49.64%
- Q3
- 21.71%
- TER
- 5.86%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CBRS | TER |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.24% |
| Dividend Payout Ratio (TTM) | 0.00% | 5.86% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: Teradyne (TER) trades at 25.08 times trailing earnings, ranked against its peers, while Cerebras Systems (CBRS) has no P/E ratio this period.
CBRS
Semiconductors & Semiconductor Equipment industry group
--
- Max
- 110.34
- Q3
- 66.81
- Median
- 37.02
- Q1
- 23.96
- Min
- 8.12
- CBRS
- --
TER
Semiconductors & Semiconductor Equipment industry group
25.08
- Max
- 110.34
- Q3
- 66.81
- Median
- 37.02
- TER
- 25.08
- Q1
- 23.96
- Min
- 8.12
P/S Ratio (TTM)
Teradyne (TER) at 6.81 prices around its industry’s typical P/S ratio, while Cerebras Systems (CBRS) at 31.30 clears its benchmark range — CBRS looks notably rich on sales.
CBRS
Semiconductors & Semiconductor Equipment industry group
31.30
- CBRS
- 31.30
- Max
- 21.42
- Q3
- 12.27
- Median
- 5.76
- Q1
- 2.73
- Min
- 0.00
TER
Semiconductors & Semiconductor Equipment industry group
6.81
- Max
- 21.42
- Q3
- 12.27
- TER
- 6.81
- Median
- 5.76
- Q1
- 2.73
- Min
- 0.00
P/B Ratio (MRQ)
Cerebras Systems (CBRS) at 2.23 looks cheap against book in the lower P/B ratio quartile, while Teradyne (TER) at 9.24 carries a premium in the upper quartile — a clear price-to-book gap.
CBRS
Semiconductors & Semiconductor Equipment industry group
2.23
- Max
- 14.06
- Q3
- 7.44
- Median
- 4.29
- Q1
- 2.30
- CBRS
- 2.23
- Min
- 0.20
TER
Semiconductors & Semiconductor Equipment industry group
9.24
- Max
- 14.06
- TER
- 9.24
- Q3
- 7.44
- Median
- 4.29
- Q1
- 2.30
- Min
- 0.20
Valuation Metrics
| Metric | CBRS | TER |
|---|---|---|
| P/E Ratio (TTM) | -- | 25.08 |
| P/S Ratio (TTM) | 31.30 | 6.81 |
| P/B Ratio (MRQ) | 2.23 | 9.24 |
| Free Cash Flow Yield (TTM) | -- | 1.76% |