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AI-Driven Growth | Teradyne's strategic focus on AI applications positions it at the forefront of semiconductor testing, potentially driving EPS to exceed $7.00 by 2026. |
Market Dominance | Explore Teradyne's strong market share in auto/industrial test and robotics, providing diversified revenue streams and growth potential in recovering sectors. |
Financial Trajectory | Analysts project Teradyne's revenue to grow from $2.68B in FY2023 to $3.5B in FY2025, with EPS rising from $2.93 to $5.00 in the same period. |
Analyst Perspectives | With an average price target of $165, analysts maintain a bullish outlook for Teradyne, anticipating recovery in mobility and sustained memory demand. |
Teradyne, Inc. designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications. This segment also provides FLEX test platform systems; J750 test system to address the volume semiconductor devices, including microcontrollers; Magnum platform that tests memory devices, such as flash memory and DRAM; and ETS platform for semiconductor manufacturers, and assembly and test subcontractors in the analog/mixed signal markets. It serves integrated device manufacturers that integrate the fabrication of silicon wafers into their business; fabless companies that outsource the manufacturing of silicon wafers; foundries; and semiconductor assembly and test providers. The System Test segment offers defense/aerospace test instrumentation and systems; storage and system level test systems; and circuit-board test and inspection systems. The Wireless Test segment provides wireless test solutions for silicon validation, wireless module manufacturing, and wireless end device manufacturing under the LitePoint brand. This segment also offers IQxel-MX and IQxel-MW7G series products for edge measurement performance in the manufacturing of connectivity products; IQxstream-5G and IQgig-5G family products to support 4G and 5G technologies; and IQgig-UWB+ for certification and manufacturing test support for ultra wideband products. The Robotics segment provides collaborative robotic arms, autonomous mobile robots, and advanced robotic control software for manufacturing, logistics, and industrial customers. The company was incorporated in 1960 and is headquartered in North Reading, Massachusetts.
Metrics to compare | TER | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipTERPeersSector | |
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P/E Ratio | 43.0x | 50.2x | 11.5x | |
PEG Ratio | −4.26 | −5.15 | 0.01 | |
Price/Book | 7.8x | 9.4x | 2.4x | |
Price / LTM Sales | 7.9x | 8.3x | 2.2x | |
Upside (Analyst Target) | 11.1% | 0.0% | 21.0% | |
Fair Value Upside | Unlock | −17.4% | 4.4% | Unlock |