Teradyne, Inc logo

Teradyne, IncNasdaq: TER

Information Technology · Semiconductor Materials & Equipment

$438.68

+7.37%

Vol: 3.3M

Research Digest

Friday, June 19, 2026

Positive

Teradyne jumps ~7% as Nasdaq-100 inclusion, an AI-test partnership with Tokyo Electron, and a $139.9M Air Force contract align

Teradyne shares surged about 7.2% on June 19 (trading near $440, a fresh high), extending a roughly 28% one-month and 108% year-to-date run, ahead of its scheduled addition to the Nasdaq-100 effective June 22 — a move that forces passive funds and ETFs tracking the benchmark to buy the stock, creating mechanical demand. The rally is also supported by a launched integrated test-cell partnership with Tokyo Electron (pairing Teradyne's UltraFLEXplus with Tokyo Electron's Prexa SDP) to screen complex chiplet-based AI and data-center packages, deepening Teradyne's position in advanced semiconductor test. Separately, the company secured a $139.9 million multi-year U.S. Air Force / Department of War contract for diagnostic automatic test station kits running through 2031, with work at Robins Air Force Base. Fundamentals remain strong after record Q1 2026 revenue of $1.282 billion (up 87% YoY) and non-GAAP EPS of $2.56. The key risk is valuation: after the sharp run-up, some analysts flag the stock as trading above fair value, so the index-driven pop could fade once passive buying is complete. Near-term focus is the June 22 index event and AI/data-center test demand durability.

Price 50d 200d

Previous Market Intelligence

13 days
Jun 18Teradyne is set to join the Nasdaq-100 on June 22, fueling a sharp rally on mechanical index-fund buying plus a $139.9M Air Force contract and an AI test partnership with Tokyo Electron.Positive

Teradyne (TER) has surged after Nasdaq confirmed it will be added to the Nasdaq-100 index effective June 22, 2026, triggering mechanical buying as passive funds and ETFs tracking the benchmark must acquire shares. The stock jumped nearly 6% on the announcement and traded actively around $408-$440 on June 17, up roughly 28% over the past month and rebounding from about $348 to $407 in four sessions. Supporting catalysts include a $139.9 million multi-year U.S. Air Force contract for diagnostic automatic test station kits running through 2031, and a new integrated test cell launched with Tokyo Electron to screen chiplet-based AI and data-center packages. Q1 revenue hit $1.282 billion (up 87% YoY) with non-GAAP EPS of $2.56 (up 241%) and a record 37.5% operating margin, with AI-related demand driving nearly 70% of revenue. The bear case: after a parabolic run, Simply Wall St flags the stock as potentially ~15% overvalued, and CEO Gregory Smith sold 4,000 shares on June 15 under a 10b5-1 plan; once the June 22 index-buying flow clears, the rally could lack a fresh catalyst.

Jun 17No significant overnight updatesNeutral

No material news in the last 48 hours.

Jun 16No significant overnight updatesNeutral

No material news in the last 48 hours.

Jun 15No significant overnight updatesNeutral

No material news in the last 48 hours. A June 12 Nasdaq-100 inclusion announcement (effective June 22) falls just outside the 48-hour window.

Jun 14Teradyne shares jumped about 5.7% on June 12 as its Nasdaq-100 inclusion and a new AI/data-center test solution with Tokyo Electron aligned to lift sentiment.Positive

Teradyne (TER) stock rose roughly 5.7% on June 12, 2026, driven by its addition to the Nasdaq-100 (effective June 11-12) and a new integrated test solution for AI and data-center devices developed with Tokyo Electron and unveiled June 8. The solution pairs Teradyne's UltraFLEXplus platform with Tokyo Electron's Prexa SDP prober for known-good-device screening of complex chiplet-based AI packages. The catalyst adds to a record Q1 2026 in which revenue rose 87% year-over-year to $1.282 billion with non-GAAP EPS of $2.56 beating estimates, plus Q2 guidance of $1.15-$1.25 billion. The company was also awarded a $139.9 million fixed-price diagnostic test-station contract. Analysts rate TER a Buy with an average target near $375. The main risk is that the index-inclusion pop and AI-test enthusiasm may already be priced in, leaving limited near-term upside if semiconductor demand cools.

May 21Teradyne director sold 800 shares on May 15 under a pre-arranged 10b5-1 plan amid mixed AI-test demand signals.Mixed

Teradyne director Marilyn Matz disclosed an open-market sale of 800 shares at $338.98 under a Rule 10b5-1 plan on May 15, 2026. The company recently held its annual shareholder meeting on May 8, where investors elected the director slate and ratified PwC as auditor. Shares have been volatile in May, climbing 12.26% on May 6 on strong AI semiconductor testing demand before falling 5% on May 18. Teradyne reported Q1 2026 revenue of $1.28 billion with Q2 guidance of $1.15B-$1.25B. Wall Street remains broadly bullish with 25 Buys, 1 Hold, and 2 Sells.

May 20Teradyne shares fell 5.0% on May 18, 2026 to $321.05 as director Marilyn Matz sold 800 shares amid valuation concerns despite AI-driven Q1 strength.Mixed

Teradyne shares declined 5.0% on May 18, 2026 to $321.05 on valuation concerns, with GuruFocus's GF Value model flagging the stock as still overvalued after 63x earnings and 17x book multiples. Director Marilyn Matz sold 800 shares on May 15, 2026 in a planned trade, while CEO Gregory Smith exercised options for 4,597 shares at $72.10 and sold 8,597 shares at $338.98. Q1 2026 results were strong with revenue of $1,282M (up 87% YoY), of which approximately 70% is tied to AI-related demand, and June-quarter guidance of $1.2B implies 84% YoY growth, though shares previously fell 15% intraday on soft H2 guidance. JPMorgan upgraded Teradyne to Overweight with a $400 target citing long-term AI growth drivers. Risk: rich multiples leave little room for any softening in semiconductor test demand.

May 19Teradyne shares fell 5.0% to $321.05 on May 18 as GF Value flagged the stock as still overvalued after a strong run.Negative

On May 18, 2026, Teradyne shares slid 5.0% to $321.05 amid a broader semiconductor pullback and GF Value's overvaluation flag. The drop follows a strong Q1 print earlier in the cycle (revenue +86.6% to $1.28B, adj. EPS $2.75) and a 12.26% surge on May 6 tied to AI chip validation demand. Analyst consensus remains bullish (25 Buys/1 Hold/2 Sells), but valuation concerns and macro pressure from a hot CPI print are weighing on the high-multiple name. Bear case: AI capex peak fears and soft 2H guidance could compress multiples further.

May 18Teradyne shares dropped 5.24% Friday despite Goldman Sachs PT hike to $350 on AI demand momentum.Mixed

Teradyne stock closed May 15 at $337.88, down $18.67 or -5.24% amid broader tech weakness. Despite the pullback, the company posted record Q1 2026 with 87% revenue growth and 241% EPS growth year-over-year driven by AI infrastructure demand. Goldman Sachs raised PT to $350 from $300 (Buy), Morgan Stanley raised to $387 from $376 (Equal Weight), while Evercore ISI lowered PT to $370 from $430 (Outperform). Q2 guidance calls for revenue of $1,150M-$1,250M and GAAP EPS of $1.83-$2.12. Teradyne increased its quarterly dividend to $0.13/share payable June 12. Shareholders approved the full director slate and ratified PwC.

May 15Teradyne shares open at $363 on May 14 after dividend hike to $0.13/share and 2026 annual meeting; CSR supplemental info published May 12.Mixed

Teradyne shares opened at $363.39 on May 14, 2026 following the company's declaration of a quarterly cash dividend increase to $0.13/share on May 7 (payable June 12). The 2026 annual shareholder meeting was held May 8, electing a slate of directors including Drew Henry, Peter Herweck, and Mercedes Johnson. On May 12 Teradyne published Corporate Social Responsibility supplemental information and shares declined ~6.8% the same day as a broad semis risk-off followed a hot CPI print pushing rates higher. Q1 2026 (previously reported) showed sales of $1,282M and net income of $399M (basic EPS $2.55); Q2 guidance is $1.15-$1.25B revenue and GAAP diluted EPS $1.83-$2.12. Wall Street consensus: 25 Buy / 1 Hold / 2 Sell. Risks: Q2 sequential guide implies a decline despite continued AI accelerator and HBM test demand; insider Ryan Driscoll sold shares earlier in May.

May 14Teradyne shares slide on hot CPI print and semiconductor demand softness despite blowout Q1 driven by AI infrastructure demandMixed

Teradyne stock dropped 2.2% to $358.45 on May 13, 2026 as a hot CPI print pressured chip stocks and high-multiple semiconductor names, with the stock also down 6.8% on May 12. Despite the recent pullback, Q1 2026 results were strong with revenue of $1.28B (up 87% YoY) and adjusted EPS of $2.56 versus $2.11 consensus. The company guided Q2 revenue of $1.15B-$1.25B and GAAP diluted EPS of $1.83-$2.12, with management flagging a near-term sequential slowdown. On May 8, shareholders approved all directors, the 2025 executive compensation plan, and ratified PwC as auditor. Analyst consensus remains Moderate Buy with mean PT of $375.13 and Street-high of $440 amid 70.6% YTD gains.

May 13Teradyne published supplemental CSR disclosure on May 12, while shares fell 6.8% the same day as a hot CPI print pressured chip stocks; dividend ex-date set for May 21.Mixed

On May 12, 2026, Teradyne released supplemental Corporate Social Responsibility information disclosing primary trade association memberships and fee ranges. The same day, TER fell roughly 6.8% as a hot CPI print pressured semiconductor and high-multiple names. The board declared a quarterly cash dividend of $0.13/share with a May 21 record date, payable June 12. The stock has been volatile: it surged 12.26% to $378.81 on May 6 on AI test demand before pulling back. Q1 2026 sales rose 87% YoY to $1.3B with Semiconductor Test contributing $1.1B. Risk: macro/inflation sensitivity and soft H2 guidance commentary.

May 12Teradyne shareholders approved directors and 2025 executive pay at May 8 annual meeting following record Q1 results driven by AI demandPositive

Teradyne shareholders elected the full slate of directors and approved 2025 executive compensation at the May 8, 2026 annual meeting, with PwC ratified as auditor. The company recently reported record Q1 2026 revenue of $1.28B and EPS of $2.56 driven primarily by AI demand, and issued Q2 guidance of $1,150-$1,250M revenue with GAAP diluted EPS of $1.83-$2.12. Teradyne also declared a quarterly cash dividend on May 7. Stock closed up 1.6% at $359.77 on May 8 and reached $366.64 by May 11. Analyst consensus is strongly bullish with 25 Buy ratings, 1 Hold and 2 Sell.

Sector Peers

CompanyPriceDay1MFwd P/EBetaMkt Cap
AMATAPPLIED$617.33+4.12%36.8x1.57$478.8B
LRCXLAM$389.15+4.00%43.8x1.80$439.5B
KLACKLA$259.32+8.62%46.5x1.41$307.7B
TERTERADYNE$438.68+7.37%37.5x1.74$57.8B
QQNITY$168.70+7.64%29.6x$29.7B
NVDANVIDIA$210.83+3.02%15.3x2.21$4.72T

Key Fundamentals

Market Cap$57.8B
P/E (TTM)68.5
Forward P/E37.5
Beta1.74
Div Yield14.00%
Prev Close$408.56

RSI (14-Day)

45Neutral
0305070100

52-Week Range

$88.60$438.68$487.91
From High-10.1%
From Low+395.1%

Moving Averages

50d SMA
$372.29+17.8%
200d SMA
$243.57+80.1%

Price above both MAs — bullish structure.

Historical Returns

1W
-7.0%
1M
+19.6%
3M
+43.5%
6M
+131.1%
1Y
+439.8%
YTD
+111.4%

Volume

Today3.3M
20d Avg5.4M
Ratio0.61x