Why Teradyne stock moves
Teradyne fell, far more than the market on chip-stock selloff.
Written after the close on ·
Updated 02:00 with news that came after the close
Why today
16,437 news analyzed todayTeradyne fell, far more than the market on chip-stock selloff.
The S&P 500 and the tech sector also fell sharply, so the drop spread beyond the company.
Chip stocks sold off after the midterm elections, as senators called for limits on AI data-center buildout.
That threatened demand for chip-test equipment, and Applied Materials and Lam Research also fell hard that day.
Over the last five trading days Teradyne also fell very sharply, roughly four times a normal week.
Today's move of −15.24% was 4.8 times a normal day's 3.2%. S&P 500 moved −4.41% on the same day.
Teradyne −15.24%S&P 500 −4.41%Much weaker than the market
What analysts expect, and how often they have been right
Analysts’ estimates for Teradyne.
Teradyne earned more than expected in 8 out of 8 reports.
For comparison, about 82% of reports from US companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 3 out of 8 reports with a measured move, against about 55% of reports from US companies.
Ratings
Price targets
Latest price $218.22
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expected$
Next reported quarter: expected earnings per share of $2.12 (January 27). For the current fiscal year, expected earnings per share changed from $9.10 three months ago to $9.44 now. 2026 estimate: $9.44. 2027 estimate: $11.99.
Has the share price followed the business?
Price and earnings moved in the same direction: 2 out of 3 years. Across US companies, that happens in about 65% of years. In 2025, the price changed +54% and earnings per share +5%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.$B
Assets, liabilities and market cap
AssetsLiabilitiesMarket cap$B
Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): $34.1BRevenue 2025: $3.2B
What the key figures say about Teradyne
The figures connect what Teradyne earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: $2.73–$4.22. Peers: ASM International 20.31 EUR, KLA $3.99, Lam Research $6.71. 2026 estimate: $9.44 ($9.40–$9.55). 2027 estimate: $11.99 ($9.00–$13.84).
What the company sold during the year.
2022–2025: $2.7B–$3.2B. Peers: ASM International 3.7 bn EUR, KLA $14.5B, Lam Research $26.1B. 2026 estimate: $5.2B ($5.2B–$5.3B). 2027 estimate: $6.5B ($5.8B–$7.1B).
The percentage of revenue left after the costs of running the business.
2022–2025: 19.5%–26.9%. Peers: ASM International 30.9%, KLA 42.6%, Lam Research 37.0%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 17.8%–29.2%. Peers: ASM International 23.5%, KLA 91.4%, Lam Research 70.1%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 20.7–55.8. Peers: ASM International 32.1, KLA 34.7, Lam Research 29.9. 2026 estimate: 23.1. 2027 estimate: 18.2.
What investors pay for each unit the company sells.
2022–2025: 4.31–9.47. Peers: ASM International 8.53, KLA 12.44, Lam Research 9.60. 2026 estimate: 6.51. 2027 estimate: 5.23.
Money paid to shareholders per share, summed by calendar year.
2017–2025: $0.28–$0.48.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 0.2%–0.5%. Peers: ASM International 0.5%, KLA 0.7%, Lam Research 0.7%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: -1.15–-0.05. Peers: ASM International -0.96, KLA 0.19, Lam Research -0.37.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 5.55–10.81. Peers: ASM International 6.80, KLA 27.67, Lam Research 18.00.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 15.2–45.7.
Cash left after investments, divided by the number of shares.
2022–2025: $2.66–$2.93. Peers: ASM International 12.13 EUR, KLA $3.10, Lam Research $5.22.
The percentage of assets financed by shareholders’ equity.
2022–2025: 66.8%–76.0%.
The dividend explained
A dividend is money paid to shareholders. Teradyne paid $0.51 per share in the twelve months through November 5, 2026.
On the ex-dividend day, September 4, 2026, Teradyne traded without the right to the $0.13 dividend. The price went from $338.59 to $357.03; including the dividend, the day's change was +5.5%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: $0.282018: $0.362019: $0.362020: $0.402021: $0.402022: $0.442023: $0.442024: $0.482025: $0.482026 so far: $0.39
What to watch next, and why
The earnings report shows how Teradyne's revenue and profit have changed.
- Earnings report
The earnings report shows how Teradyne's revenue and profit have changed.
Add to calendar
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Teradyne usually moved about 7.7%. On a normal day it moves 3.2%.
−3.23% Why? −0.39% −19.41% +13.41%
$10,000 in Teradyne bought on November 7, 2016 is worth $96,100 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,300.
What would $10,000 in Teradyne be worth today? →
What would $10,000 in Teradyne be worth today?
$96,100
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,300.
The five biggest days of the journey
· −22.4% · the whole market fell 0.5% the same day · report day
· +20.5% · the whole market rose 0.5% the same day · report day
· +20.5% · the whole market was unchanged the same day · report day
· −19.4% · the whole market was unchanged the same day · report day
· +18.9% · the whole market fell 0.1% the same day · report day
Earlier days
−20.47% market −2.70% Teradyne fell sharply over the week, a very big move for the stock. Read →
Teradyne fell sharply over the week, a very big move for the stock.
The S&P 500 also fell sharply, but Teradyne fell more than the market and more than its sector.
Last session the stock rose slightly, roughly in line with a small market gain.
−6.82% market +1.65% Teradyne fell sharply, moving against a rising market. Read →
Teradyne fell sharply, moving against a rising market.
Teradyne is a Nasdaq-listed semiconductor test company.
Over the last five trading days it fell sharply, more than the S&P 500 and its sector.
Last session the S&P 500 rose sharply while Teradyne dropped, so the move was company- or sector-specific.
The news from the last session is mostly commentary and a director's share sale, which is routine background.
+3.20% market +0.30% Teradyne rose, more than the S&P 500 and its sector. Read →
Teradyne rose, more than the S&P 500 and its sector.
No company news explains the move.
The stock fell sharply over the last five trading days, with a big drop well beyond its usual range.
It also rose on a day when its shares had traded lower.
Teradyne reported third-quarter results last week that beat expectations, but that came before the last session.
−4.87% market −0.48% Teradyne fell sharply without a company-news explanation. Read →
Teradyne fell sharply without a company-news explanation.
Over the same session the S&P 500 fell slightly and the Technology sector ETF fell sharply, so Teradyne fell more than both.
Over the last five trading days Teradyne fell sharply, also falling more than the market and its sector.
The likeliest drivers are the sector-wide selloff in tech and the stock's own weakness after last week's earnings beat, which left margin worries in focus.
Trading volume was about twice its usual level, so the move drew heavy participation.
−7.38% market −1.77% Teradyne fell, moving apart from the market and its sector. Read →
Teradyne fell, moving apart from the market and its sector.
The S&P 500 also fell sharply that day, so the broader market was weak too, and the Technology sector ETF fell very sharply.
The most likely drivers were broad selling in technology and AI-linked stocks rather than company news, since no company news from that session explains the move.
Teradyne's latest quarterly results, which beat expectations, came out earlier this week, before the session.
Over the last five trading days the stock fell clearly, a bit more than the market's slight drop.
−11.16% market −0.56% Teradyne fell clearly over the week, more than the S&P 500 and its Technology sector. Read →
Teradyne fell clearly over the week, more than the S&P 500 and its Technology sector.
The company reported third-quarter revenue up 70% from a year earlier, beating expectations, yet the shares dropped after the release on October 27.
Analysts were mixed: UBS kept its Buy rating but cut its price target, the share price it sees as fair, while Northland raised its earnings estimates.
Heavy trading volume, about three times normal, suggests strong investor activity during the sell-off.
−5.43% market −0.38% Teradyne fell, more than the market and its sector. Read →
Teradyne fell, more than the market and its sector.
Over the same session the S&P 500 fell slightly and the Technology sector ETF fell clearly, so Teradyne's drop was steeper than both.
The main company news from that session is UBS keeping its Buy rating but cutting its price target, the share price it sees as fair, to $430 from $485.
Over the last five trading days, Teradyne fell slightly while the S&P 500 rose slightly and the Technology sector ETF rose clearly, so it lagged both.
−3.23% market +0.34% Teradyne fell clearly without company news. Read →
Teradyne fell clearly without company news.
Teradyne, listed on Nasdaq, fell clearly in the last session while the S&P 500 rose slightly, so it moved against the market.
The Technology sector ETF rose clearly, so the decline also ran against its sector.
Trading volume was about twice a normal session, and the move was smaller than its usual report-day swing.
Over the last five trading days the stock fell clearly while the market was roughly flat and the sector edged up.
+4.75% market +0.56% Teradyne rose, outpacing both the S&P 500 and its sector. Read →
Teradyne rose, outpacing both the S&P 500 and its sector.
The move came without company news from that session, so no specific event explains it.
Over the last five trading days, Teradyne fell slightly while the S&P 500 was roughly flat and the Technology sector ETF, a fund that tracks tech stocks, rose clearly.
Teradyne's quarterly results, released after the last session closed, showed revenue up 70% on strong AI-related chip-testing demand, and earnings beat estimates.
Learn more · Why do stocks go up and down?