Teradyne (NASDAQ:TER) Issues Q2 2026 Earnings Guidance

Key Points

• Teradyne set Q2 2026 guidance of EPS $1.86–$2.15 (consensus $1.92) and revenue of $1.2B–$1.3B (consensus $1.2B).
• Shares fell intraday to $380.13 despite analyst support and partnership news, and the stock trades at a rich valuation (trailing P/E ~109) well above the average analyst target of $328.87, increasing downside/ profit‑taking risk.

Teradyne (NASDAQ:TER - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.860-2.150 for the period, compared to the consensus EPS estimate of 1.920. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TER shares. Vertical Research cut Teradyne from a "buy" rating to a "hold" rating and set a $220.00 price objective for the company. in a research note on Friday, January 9th. Morgan Stanley set a $306.00 price target on shares of Teradyne in a report on Wednesday, February 11th. Robert W. Baird increased their price objective on shares of Teradyne from $305.00 to $332.00 and gave the company an "outperform" rating in a research report on Monday, March 30th. Cantor Fitzgerald raised their price objective on shares of Teradyne from $330.00 to $400.00 and gave the company an "overweight" rating in a report on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Teradyne in a research report on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $328.87.

Teradyne Price Performance

Shares of Teradyne stock traded down $21.87 during trading hours on Tuesday, hitting $380.13. The company had a trading volume of 4,547,903 shares, compared to its average volume of 3,338,028. The company's 50-day moving average is $327.21 and its two-hundred day moving average is $246.20. The company has a market cap of $59.51 billion, a P/E ratio of 109.23, a price-to-earnings-growth ratio of 2.46 and a beta of 1.79. Teradyne has a twelve month low of $71.27 and a twelve month high of $422.11.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $999.00 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $996.92. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. Teradyne has set its Q2 2026 guidance at 1.860-2.150 EPS. Sell-side analysts expect that Teradyne will post 6.22 EPS for the current year.

Teradyne News Summary

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Stifel Nicolaus raised its price target on TER to $390 and kept a Buy rating, signaling continued analyst confidence in Teradyne’s growth outlook and supporting near-term demand for the shares. Stifel price-target raise
• Positive Sentiment: Teradyne expanded its partnership with Flex to accelerate intelligent automation — a commercial win that could drive incremental robotics revenue and strengthen recurring service opportunities in manufacturing automation. Flex and Teradyne partnership
• Positive Sentiment: Industry coverage continues to position Teradyne as a core robotics play for 2026, with Zacks listing TER among five robotics-focused stocks to buy on expectations of AI-driven automation tailwinds. This thematic support may attract longer-term growth investors. Zacks robotics list
• Neutral Sentiment: Teradyne posted its Q2 2025 earnings call transcript and slides on the investor site — useful for parsing management’s forward commentary and guidance but not an immediate price catalyst by itself. Earnings call transcript
• Neutral Sentiment: Pre-earnings coverage and previews (Yahoo/ MSN) are circulating ahead of formal results commentary, keeping attention on upcoming guidance and execution rather than altering fundamentals immediately. Yahoo earnings preview
• Negative Sentiment: Shares are trading below very recent intraday highs and at a rich valuation (high trailing P/E), which can prompt profit-taking and larger swings on any soft forward guidance — a likely reason for the intraday decline despite positive headlines.

Institutional Investors Weigh In On Teradyne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in shares of Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company's stock valued at $444,000 after purchasing an additional 40 shares in the last quarter. Truvestments Capital LLC increased its stake in shares of Teradyne by 3.8% during the 4th quarter. Truvestments Capital LLC now owns 1,440 shares of the company's stock worth $279,000 after purchasing an additional 53 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Teradyne by 1.1% during the 4th quarter. Quadrant Capital Group LLC now owns 5,546 shares of the company's stock worth $1,073,000 after purchasing an additional 59 shares during the last quarter. Parallel Advisors LLC lifted its stake in Teradyne by 5.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock valued at $181,000 after buying an additional 69 shares in the last quarter. Finally, Equitable Holdings Inc. lifted its stake in Teradyne by 3.2% in the 3rd quarter. Equitable Holdings Inc. now owns 2,534 shares of the company's stock valued at $349,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company's product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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