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TeradyneNASDAQInformation TechnologySemiconductor Equipment & MaterialsSnapshot 2026-06-12
Intact
$403.20+5.72%
Close 2026-06-12 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is strong, but earnings quality is fragile, indicating that reported profits may not be well-supported by cash flow. Management's recent track record has been neutral, and risk is elevated, though the sector backdrop is a tailwind, helping the company. Peer multiples imply a price about 34% below where it trades (it looks expensive on this basis); the read is fair, but weakening. If TER cuts guidance on the next call, that could have a meaningful negative impact.
as of 2026-06-12
Quick facts
- Exchange
- NASDAQ
- Sector
- Information Technology
- Industry
- Semiconductor Equipment & Materials
- Market cap
- $59.71B
- Employees
- —
- IPO date
- 1994-03-31
- Next earnings
- 2026-07-29
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 7 valuation methods, at three horizons. Current price $403.20. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryexpensive
$292.76consensus
Range $221.12 – $370.55
vs price: +38% above
Method agreement — · 7 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearfair
$515.17consensus
Range $321.44 – $937.20
vs price: -22% below
Method agreement — · 5 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Aligned with peerslow confidence
At $403 TER trades at 70× p/e, in line with its 62× p/e peer median. Our $298 fair value reflects that, low confidence. Analysts: $350–$440. Not investment advice.
Multiple (P/E)
69.8x
peer 62.1x · own history 34.1x
Premium
1.1x peer
2.0x its own history
Growth the price needs
35%
our forecast 18%
Our fair value
$298.42
range $224.51 – $370.55
Analyst range(a guide on our number, not a target)Our number is below the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
expensivefair — but weakening12-month view
What's priced inStretched
The market is pricing in roughly 35% near-term growth, ahead of our forecast of about 18%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
strongOperating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated strong grew net income 73% of the time over the next year (vs 58% for the rest of the cohort, n=2777).
98th pctl · Information Technology
Earnings quality
fragileOver the trailing year it converted 0.91x of net income into operating cash flow. Historically, Information Technology names rated fragile grew net income 46% of the time over the next year (vs 65% for the rest of the cohort, n=2129).
18th pctl · Information Technology
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates.
Management & capital allocation
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullish16 analysts, 63% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $2.04 → $2.05 (+0.6% / 30d). 1 raised, 0 cut, 16 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 63% of analysts rate Buy.
Market and fundamentals agree. Analysts are positioned bullishly on a fundamentally strong name.
Sector context
Intermediate · WeeklySector phase: information technology is in growth, with decelerating (~1.0 years in phase).
Sector regime (90d momentum): tailwind.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strong
- Capital allocation
- strong
- Earnings discipline
- strong
- Margin discipline
- neutral
- Balance sheet
- strong
- Guidance credibility
- strong
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$294.
How much price usually moves either way.
On a bad day, this stock has moved -$537.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,673.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- score change · guidance_credibility_scoresmall change
Guidance credibility rose by 8.8 points (from 91.2 to 100.0).
- label change · valuation_labelsmall change
Valuation label changed from 'full' to 'expensive'.
As of June 12, 2026, guidance credibility rose. Risk fell. The sector backdrop remains a tailwind, while recent financial performance is strong.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- DownsideHigh confidenceMonthsactive 7d
Watch for Q2 revenue guidance falling below $1,150 million
Why it matters: If it drops below this level, it shows weaker demand. This is true for AI areas.
What confirms / what disproves
Confirms:Q2 revenue guidance below $1,150 million.
Disproves:Q2 revenue guidance at or above $1,250 million.
Earnings call
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
- 2026-06-111d agoYahoo! Finance
Partnership may enhance revenue growth and market position.
ReinforcesUnconfirmed report
This sector is also watching
- Watch for revenue growth in Information Technology to fall below the median.
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for TER and other Tech names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If sector bellwethers like ASML, AMAT, and LRCX keep beating earnings and guiding higher, the Tech sector momentum should keep lifting TER and other Tech names. Worth watching these names for early signals.
- If TER raises forward guidance on the next earnings call (currently NEW as of 2026-04-29), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
Downside triggers
- If TER cuts guidance on the next call (currently NEW as of 2026-04-29), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like ASML, AMAT, and LRCX start missing or guiding lower, the Tech tailwind helping TER and other Tech names could fade. Watch these names for early warning.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-04-291mo agoItem 2.02
Results of Operations and Financial Condition. On April 28, 2026, Teradyne, Inc. (“Teradyne”) issued a press release regarding its financial results for the first quarter ended March 29, 2026. Teradyne’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Earnings preannouncementpositive
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
About the same as last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.