Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €374, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 29x in the Semiconductor industry in Germany. Total returns to shareholders of 305% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €228 per share. Buy Or Sell Opportunity • Jul 30
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 3.4% to €310. The fair value is estimated to be €252, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Tillkännagivande • Jul 30
Teradyne, Inc. Provides Earnings Guidance for the Third Quarter of 2026 Teradyne, Inc. provided earnings guidance for the third quarter of 2026. Guidance for the third quarter of 2026 is revenue of $1,200 million to $1,300 million, with GAAP net income attributable to Teradyne of $1.79 to $2.09 per diluted share. Reported Earnings • Jul 29
Second quarter 2026 earnings released: EPS: US$2.39 (vs US$0.49 in 2Q 2025) Second quarter 2026 results: EPS: US$2.39 (up from US$0.49 in 2Q 2025). Revenue: US$1.33b (up 104% from 2Q 2025). Net income: US$374.5m (up 378% from 2Q 2025). Profit margin: 28% (up from 12% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €273, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 33x in the Semiconductor industry in Germany. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €174 per share. New Risk • Jul 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Significant insider selling over the past 3 months (€1.9m sold). Recent Insider Transactions • Jul 17
President recently sold €1.2m worth of stock On the 15th of July, Gregory Smith sold around 4k shares on-market at roughly €312 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Tillkännagivande • Jul 16
Teradyne, Inc. to Report Q2, 2026 Results on Jul 28, 2026 Teradyne, Inc. announced that they will report Q2, 2026 results at 4:30 PM, US Eastern Standard Time on Jul 28, 2026 Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €338, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 41x in the Semiconductor industry in Germany. Total returns to shareholders of 247% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €166 per share. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €329, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 42x in the Semiconductor industry in Germany. Total returns to shareholders of 245% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €183 per share. Declared Dividend • May 18
First quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 21st May 2026 Payment date: 12th June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.1%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 15%. Tillkännagivande • May 09
Teradyne, Inc. announces Quarterly dividend, payable on June 12, 2026 Teradyne, Inc. announced Quarterly dividend of USD 0.1300 per share payable on June 12, 2026, ex-date on May 21, 2026 and record date on May 21, 2026. Tillkännagivande • Apr 29
Teradyne, Inc. Provides Earnings Guidance for the Second Quarter of 2026 Teradyne, Inc. provided earnings guidance for the Second quarter of 2026. For the quarter, the company provided revenue guidance of $1,150 million to $1,250 million, with GAAP net income of $1.83 to $2.12 per diluted share. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: US$2.55 (vs US$0.61 in 1Q 2025) First quarter 2026 results: EPS: US$2.55 (up from US$0.61 in 1Q 2025). Revenue: US$1.28b (up 87% from 1Q 2025). Net income: US$398.9m (up 303% from 1Q 2025). Profit margin: 31% (up from 14% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Tillkännagivande • Apr 17
Teradyne, Inc. (NasdaqGS:TER) acquired Test Insight Ltd. Teradyne, Inc. (NasdaqGS:TER) acquired Test Insight Ltd. on April 16, 2026. The acquisition strengthens Teradyne’s ability to support customer design-in activities and accelerate time to market for the emerging AI and data center markets. By combining TestInsight’s pattern conversion, validation, and virtual test capabilities with Teradyne’s ATE platforms, customers will benefit from a tightly integrated design-to-test workflow that reduces debug cycles, improves coverage, and enables earlier test program readiness. As part of Teradyne’s ongoing commitment to an open ecosystem, TestInsight will continue to support existing customers across all ATE platforms and preserve its long-standing OEM and partner relationships.
Teradyne, Inc. (NasdaqGS:TER) completed the acquisition of Test Insight Ltd. on April 16, 2026. Tillkännagivande • Apr 15
Teradyne, Inc. to Report Q1, 2026 Results on Apr 28, 2026 Teradyne, Inc. announced that they will report Q1, 2026 results at 4:30 PM, US Eastern Standard Time on Apr 28, 2026 Tillkännagivande • Mar 30
Teradyne, Inc., Annual General Meeting, May 08, 2026 Teradyne, Inc., Annual General Meeting, May 08, 2026. Location: at the ofices of teradyne, inc. at 600 riverpark drive, north reading, massachusets 01864, United States Tillkännagivande • Mar 23
Teradyne Inc Showcases Test Solutions At Semicon China Teradyne, Inc. participated at SEMICON China 2026, taking place March 25-27 at the Shanghai New International Expo Centre in Shanghai, China. Visitors are invited to experience Teradyne’s latest innovations and connect with experts at the booth in hall N2, booth 2371. Teradyne showcased four test solutions at the booth, each designed to address the evolving challenges of advanced devices powering AI infrastructure. Teradyne UltraFLEXplus is a scalable, future-ready platform for testing AI accelerators, xPUs, datacenter networking equipment and ADAS semiconductors, combining superior digital capabilities and robust power delivery to support the demanding test requirements of next-generation devices. Streamlined workflows and advanced automation speed time to market while delivering on rigorous quality standards. Teradyne ETS-800 ensures clean, stable voltage and high-accuracy measurements for ultra-low resistance devices. Its efficient current delivery for measuring resistance supports mission-critical reliability and scalable production from low to high volume. Teradyne Titan HP sets a new standard in system level test for AI and cloud devices with advanced active thermal control and multi-branch cooling, preventing overheating while optimizing test time. Currently supporting up to two kilowatts of power, with a roadmap to support four kilowatts in the near future, customers can be assured their investment today will meet the demanding requirements of tomorrow’s devices as well. Teradyne Magnum EPIC is a high-performance test solution for the latest generation of DRAM devices. Featuring a near-DUT test architecture, it delivers superior signal integrity performance at high data rates to enhance yield gain. With over 18,000 high-speed digital channels, the Magnum EPIC delivers high-speed clocks to enable device test speeds up to 12.12 Gbps with the high parallel capacity needed for testing high-volume DRAM devices. On Thursday at 16:40, Teradyne will have a featured speaking session DevOpsForTest at the SEMICON China Design Innovation Forum: AI Intelligent Applications and Automotive ICs. This year marks a significant milestone for Teradyne as the company celebrates 25 years in China. Since establishing the first office in the region in 2001, Teradyne has played a pivotal role in supporting the rapid growth of China’s semiconductor and electronics industries. Through close collaboration with local customers and ongoing investment in engineering and service capabilities, Teradyne remains committed to advancing innovation, fostering talent, and contributing to the development of China’s technology ecosystem. Explore the latest test solutions at the booth at SEMICON China in hall N2, booth 2371. Reported Earnings • Feb 03
Full year 2025 earnings released: EPS: US$3.48 (vs US$3.41 in FY 2024) Full year 2025 results: EPS: US$3.48 (up from US$3.41 in FY 2024). Revenue: US$3.19b (up 13% from FY 2024). Net income: US$554.0m (up 2.2% from FY 2024). Profit margin: 17% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 03
Teradyne, Inc. Provides Earnings Guidance for the First Quarter of 2026 Teradyne, Inc. provided earnings guidance for the first quarter of 2026. Guidance for the first quarter of 2026 is revenue of $1,150 million to $1,250 million, with GAAP net income of $1.82 to $2.19 per diluted share. Declared Dividend • Jan 29
Third quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 13th February 2026 Payment date: 13th March 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.1%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 16%. Tillkännagivande • Jan 27
Teradyne, Inc. announces Quarterly dividend, payable on March 13, 2026 Teradyne, Inc. announced Quarterly dividend of USD 0.1300 per share payable on March 13, 2026, ex-date on February 13, 2026 and record date on February 13, 2026. Tillkännagivande • Jan 14
Teradyne, Inc. to Report Q4, 2025 Results on Feb 02, 2026 Teradyne, Inc. announced that they will report Q4, 2025 results at 5:00 PM, US Eastern Standard Time on Feb 02, 2026 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €195, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 23x in the Semiconductor industry in Germany. Total returns to shareholders of 124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €101 per share. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €166, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 20x in the Semiconductor industry in Germany. Total returns to shareholders of 96% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €101 per share. Declared Dividend • Nov 13
Third quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 24th November 2025 Payment date: 17th December 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.1%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 16%. Tillkännagivande • Nov 11
Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on December 17, 2025 Teradyne, Inc. announced a quarterly cash dividend of $0.12 per share, payable on December 17, 2025, to shareholders of record as of the close of business on November 24, 2025. Buy Or Sell Opportunity • Oct 29
Now 41% overvalued The stock has been flat over the last 90 days, currently trading at €149. The fair value is estimated to be €106, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.7% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Tillkännagivande • Oct 16
Teradyne, Inc. to Report Q3, 2025 Results on Oct 28, 2025 Teradyne, Inc. announced that they will report Q3, 2025 results at 5:00 PM, US Eastern Standard Time on Oct 28, 2025 Tillkännagivande • Oct 08
Teradyne, Inc. Announces the ETS-800 Dual Sector Automated Test System Teradyne, Inc. announced the launch of the ETS-800 D20, the latest addition to the ETS-800 platform of high-performance test systems for power semiconductors. The Teradyne ETS-800 D20 is designed to address the diverse needs of customers by offering a versatile and cost-effective solution for both high volume and high mix/low volume device testing. Tillkännagivande • Oct 03
Teradyne, Inc. Unveils Titan HP Teradyne, Inc. announced the launch of its Titan HP system level test (SLT) platform, designed specifically for the artificial intelligence (AI) and cloud infrastructure markets. This innovative solution addresses the increasing demands of today's advanced technologies as process nodes become smaller and new architectures emerge. SLT has become an integral part of the high-volume manufacturing process, as the complex devices used in AI and cloud infrastructure deployments push the boundaries of power consumption and thermal output. Teradyne Titan HP, currently in production at a number of large customers, is purpose-built to test these devices in real-world conditions. Currently supporting up to two kilowatts of power, with a roadmap to support four kilowatts in the near future, customers can be assured that their investment will meet the demanding requirements of tomorrow's devices as well. Teradyne Titan HP's superior thermal control ensures devices meet rigorous quality standards at or above the expected yield. This includes: A multi-branch cold plate architecture, which cools both the device under test (DUT) and non-DUT components for comprehensive thermal management. Asynchronous cooling control with proportional, integral and derivative (PID)-tuned, per-site thermal control, which provides precise, efficient cooling to prevent overheating. A DUT heater option, which enhances the accuracy of automated temperature control (ATC) for more precise thermal testing. Tillkännagivande • Oct 01
Teradyne, Inc. Unveils PHY Performance Testing Capabilities Teradyne, Inc. announced the release of Teradyne UltraPHY224G for UltraFLEXplus, a breakthrough in high-speed PHY performance testing that extends its portfolio beyond the UltraPHY 112G instrument already in production and adopted by a number of customers. Both solutions are designed for the UltraFLEXplus, and leverage Teradyne's IG-XL software for ease of adoption. Teradyne UltraPHY 224G for UltraFLEX plus is a breakthrough in high-speedPHY performance testing to address emerging data rates in the data center and silicon photonics (SiPh) markets. Developed by Teradyne with Multilane modules, UltraPHY 224G delivers bench-quality signal generation and measurement for production testing, setting a new benchmark for test density and the signal fidelity required by next-generation semiconductor interfaces. Customers can be confident that their UltraPHY investments support both today's and tomorrow's chiplet-based architectures, advanced packaging, and KGD workflows. UltraPHY 224G, developed by Teradyne with MultILane modules, delivers bench-quality signal generation, and measurement for production testing. Designed to meet strict hardware and software standards, it sets a new benchmark for testdensity and the signal fidelity required by Next-generation semiconductor interfaces. While UltraPHY 112G is optimized for today's high-speed standards, UltraPHY 224G extends the performance envelope to address emerging data rates in The data center and silicon photonics markets. Both instruments are designed to co-exist in the same UltraFLEXplus platform, giving customers maximum flexibility to test the broadest range of current and future high-speed interfaces. UltraPHY 224G provides 8 full-duplex differential lanes plus 8 Rx-only differential lanes per instrument, supporting data rates up to 112 Gb/s NRZ and 224 Gb/s (112 Gbaud PAM4) using a DSO + BERT architecture. Like Teradyne's UltraPHY 112G, the UltraPHY 224G is extremely scalable, with support for multiple instruments per UltraFLEXplus platform and the flexibility to extend to emerging advanced modulation formats as the industry evolves. Key benefits include: Single tester platform for all PHY testing needs - both the UltraPHY 224G and the UltraPHY 112G are designed for Teradyne UltraFLEXplus. Integrated DSO, AWG, and BERT capabilities for comprehensive PHY production testing and characterization. >50GHz signal delivery bandwidth with proven reliability in production environments. Extensible architecture to support current and future electrical interface standards for SiPh and non-SiPh devices. As PHY interfaces continue to evolve, Teradyne UltraPHY is a future-proof solution deployed on a single test platform - Teradyne UltraFLE Xplus. Buy Or Sell Opportunity • Sep 22
Now 14% overvalued The stock has been flat over the last 90 days, currently trading at €111. The fair value is estimated to be €97.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €111, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €97.84 per share. Board Change • Sep 08
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Necip Sayiner was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 30
Teradyne Robotics Appoints James Davidson as Chief Artificial Intelligence Officer Teradyne Robotics announced the appointment of James Davidson as the Chief Artificial Intelligence Officer effective May 28, 2024. James' career spans over 20 years and integrates deep expertise in artificial intelligence and robotics. Initially focused on satellite technologies at Sandia National Laboratories, he soon shifted to robotics, fueling his passion for the field through doctoral work in reinforcement learning at the University of Illinois. He has held lead research roles at Google Brain/DeepMind and MITRE, where he contributed extensively to both academic research and commercial products. James then embraced entrepreneurship, steering Talos Robotics as CEO and shaping the technological vision of Third Wave Automation as CTO. Most recently, as Chief Architect at Mobile Industrial Robots (MiR), he guided its technical direction and ramped up AI solutions for its new product, the MiR1200 Pallet Jack. His broad application of AI spans diverse projects, from implementing Google's pioneering AI-generated ads and developing healthcare fraud detection systems at MITRE to advancing robotics in various forms, including forklifts and manipulators. Tillkännagivande • May 11
Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on June 14, 2024 Teradyne, Inc. announced a quarterly cash dividend of $0.12 per share, payable on June 14, 2024, to shareholders of record as of the close of business on May 22, 2024. Tillkännagivande • Apr 13
Teradyne, Inc. to Report Q1, 2024 Results on Apr 24, 2024 Teradyne, Inc. announced that they will report Q1, 2024 results at 5:00 PM, US Eastern Standard Time on Apr 24, 2024 Tillkännagivande • Mar 30
Teradyne, Inc., Annual General Meeting, May 09, 2024 Teradyne, Inc., Annual General Meeting, May 09, 2024, at 10:00 US Eastern Standard Time. Location: offices of Teradyne, Inc. at 600 Riverpark Drive North Reading Massachusetts United States Agenda: To elect the eight nominees named in the accompanying proxy statement to the Board of Directors to serve as directors for a one-year term; to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers; to approve an amendment to the Company’s Articles of Organization to lower the voting requirement for approval of an amendment of the Articles of Organization and for approval of a voluntary dissolution of the Company from a super-majority to a simple-majority; to ratify the selection of the firm of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; and to transact such other business as may properly come before the meeting and any postponements or adjournments thereof. Tillkännagivande • Jan 31
Teradyne, Inc. Provides Earnings Guidance for the First Quarter of 2024 Teradyne, Inc. provided earnings guidance for the first quarter of 2024. Guidance for the first quarter of 2024 is revenue of $540 million to $590 million, with GAAP net income of $0.19 to $0.35 per diluted share. Tillkännagivande • Jan 17
Teradyne, Inc. to Report Q4, 2023 Results on Jan 30, 2024 Teradyne, Inc. announced that they will report Q4, 2023 results at 5:00 PM, US Eastern Standard Time on Jan 30, 2024 Tillkännagivande • Jan 12
Teradyne, Inc. Appoints Bridget A. Van Kralingen to Its Board of Directors, Compensation Committee and the Nominating and Corporate Governance Committee Teradyne, Inc. announced the election of Bridget A. van Kralingen to its Board of Directors effective January 12, 2024. Ms. van Kralingen was also appointed to the Board's Compensation Committee and the Nominating and Corporate Governance Committee. Ms. van Kralingen is a Partner at Motive Partners, a specialist private equity firm focused on building, backing and buying financial technology companies. Ms. van Kralingen has more than 35 years of experience leading and growing global software focused technology businesses including IBM's $80B+ Global Markets and Sales organization from 2020 to 2021. Prior to that role, Ms. van Kralingen held a variety of senior leadership positions during her 17+ year career including responsibility for IBM's Industry Software Platforms and leading their Global consulting business. She was a managing partner at Deloitte Consulting for 15 years before joining IBM in 2004. Ms. van Kralingen earned degrees in Business, Economics and Psychology from the University of South Africa, University of Johannesburg and University of Witwatersrand and is a certified psychologist with an advanced degree in Industrial Psychology. Tillkännagivande • Nov 17
Teradyne, Inc. Announces Retirement of Charles J. Gray as Vice President and General Counsel, Effective February 1, 2024 On November 14, 2023, Teradyne, Inc. was notified of the decision by Charles J. Gray to retire as Vice President and General Counsel of the Company effective February 1, 2024. Tillkännagivande • Nov 09
Technoprobe S.p.A. (BIT:TPRO) has entered into an agreement to acquire Device Interface Solutions Business of Teradyne, Inc. for $85 million net of cash and debt. Technoprobe S.p.A. (BIT:TPRO) has entered into an agreement to acquire Device Interface Solutions Business of Teradyne, Inc. for $85 million net of cash and debt November 7, 2023. In a related transaction Teradyne, Inc. entered into an Investment Agreement with Technoprobe S.p.A., T-Plus S.p.A., and Teradyne International Holdings, B.V. Under the terms of the transactions Teradyne will make an approximately $516 million equity investment, based on current foreign exchange rates, in Technoprobe representing a 10% ownership interest. The Device Interface Solutions Business will be acquired by Technoprobe through its own funds, without recourse to any indebtedness. Consummation of the sale of the Device Interface Solutions Business is subject to customary conditions, including, among other things, (i) clearance from the Committee on Foreign Investment in the United States, (ii) merger control review in Taiwan, (iii) the absence of a material adverse effect with respect to the Device Interface Solutions Business and (iv) the concurrent closing of the Investment, CFIUS and Foreign Direct Investment filings in certain other jurisdictions, as well as merger control filings in Taiwan and in the U.S. under Hart-Scott Rodino. These transactions are expected to close in the first half of 2024. J.P. Morgan Securities LLC and Lazard S.r.l. acted as financial advisors to Teradyne for the transaction. Shearman & Sterling LLP and Chiomenti acted as legal counsel to Teradyne. Mediobanca acted as financial advisor to Technoprobe. Gianni & Origoni and Bryan Cave Leighton Paisner acted as legal counsel to Technoprobe. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$0.83 (vs US$1.17 in 3Q 2022) Third quarter 2023 results: EPS: US$0.83 (down from US$1.17 in 3Q 2022). Revenue: US$703.7m (down 15% from 3Q 2022). Net income: US$128.1m (down 30% from 3Q 2022). Profit margin: 18% (down from 22% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Semiconductor industry in Germany. Tillkännagivande • Oct 26
Teradyne, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023 Teradyne, Inc. provided earnings guidance for the fourth quarter of 2023. For the quarter, the company expects revenue of $640 million to $700 million, with GAAP net income of $0.58 to $0.78 per diluted share. Tillkännagivande • Oct 14
Teradyne, Inc. to Report Q3, 2023 Results on Oct 25, 2023 Teradyne, Inc. announced that they will report Q3, 2023 results at 5:00 PM, Eastern Standard Time on Oct 25, 2023 Tillkännagivande • Aug 22
Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on September 25, 2023 Teradyne, Inc. announced a quarterly cash dividend of $0.11 per share, payable on September 25, 2023, to shareholders of record as of the close of business on September 1, 2023. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$0.78 (vs US$1.24 in 2Q 2022) Second quarter 2023 results: EPS: US$0.78 (down from US$1.24 in 2Q 2022). Revenue: US$684.4m (down 19% from 2Q 2022). Net income: US$120.1m (down 39% from 2Q 2022). Profit margin: 18% (down from 24% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Tillkännagivande • Jul 15
Teradyne, Inc. to Report Q2, 2023 Results on Jul 26, 2023 Teradyne, Inc. announced that they will report Q2, 2023 results at 5:00 PM, US Eastern Standard Time on Jul 26, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.54 (vs US$1.00 in 1Q 2022) First quarter 2023 results: EPS: US$0.54 (down from US$1.00 in 1Q 2022). Revenue: US$617.5m (down 18% from 1Q 2022). Net income: US$83.5m (down 48% from 1Q 2022). Profit margin: 14% (down from 21% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Semiconductor industry in Germany. Buying Opportunity • Apr 06
Now 20% undervalued Over the last 90 days, the stock is up 9.4%. The fair value is estimated to be €116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Buying Opportunity • Mar 10
Now 20% undervalued Over the last 90 days, the stock is up 8.2%. The fair value is estimated to be €121, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Buying Opportunity • Feb 21
Now 21% undervalued Over the last 90 days, the stock is up 5.0%. The fair value is estimated to be €122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Upcoming Dividend • Feb 09
Upcoming dividend of US$0.11 per share at 0.4% yield Eligible shareholders must have bought the stock before 16 February 2023. Payment date: 17 March 2023. Payout ratio is a comfortable 9.7% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.0%). Reported Earnings • Jan 26
Full year 2022 earnings released: EPS: US$4.52 (vs US$6.15 in FY 2021) Full year 2022 results: EPS: US$4.52 (down from US$6.15 in FY 2021). Revenue: US$3.16b (down 15% from FY 2021). Net income: US$715.5m (down 30% from FY 2021). Profit margin: 23% (down from 27% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Semiconductor industry in Germany. Tillkännagivande • Jan 14
Teradyne, Inc. to Report Q4, 2022 Results on Jan 25, 2023 Teradyne, Inc. announced that they will report Q4, 2022 results at 5:00 PM, US Eastern Standard Time on Jan 25, 2023 Tillkännagivande • Nov 18
Teradyne, Inc. Announces Retirement of Mark E. Jagiela as Member of Board of Directors Effective February 1, 2023 On November 15, 2022, Teradyne, Inc. was notified of the decision by Mark E. Jagiela to retire as Chief Executive Officer of the Company and as a member of the Company’s Board of Directors effective February 1, 2023. On November 15, 2022, Teradyne, Inc. was notified of the decision by Mark E. Jagiela to retire as a member of the Company’s Board of Directors effective February 1, 2023. On November 15, 2022, Teradyne, Inc. appointed Gregory S. Smith the Chief Executive Officer of the Company effective February 1, 2023, replacing Mark E. Jagiela. Mr. Smith also has been appointed to the Company’s Board of Directors effective February 1, 2023. Mr. Smith, 59, joined Teradyne in 2006 and has served as President of the Company since July 2022 and President of the Company’s Industrial Automation Group since 2020. Mr. Smith served as President of the Company’s Semiconductor Test Division from 2016 to 2020. In January 2023, as part of its annual review of executive compensation, the Company’s Board of Directors will review Mr. Smith’s compensation in connection with his appointment as Chief Executive Officer of the Company. Tillkännagivande • Nov 16
Teradyne, Inc. Announces CEO Changes, Effective February 1, 2023 The Teradyne Board of Directors on November 15, 2022 named Gregory Smith to succeed Mark E. Jagiela as CEO effective February 1, 2023. Mr. Smith will join the Board of Directors on the same date. Mr. Smith is currently the Company’s President and a sixteen year veteran of Teradyne. Prior to his promotion to Company President earlier in 2022, he held a variety of management roles until his appointment in 2016 as President of the Semiconductor Test Division, the company’s large operating unit. In 2020, Greg became President of Teradyne’s newly created Industrial Automation Group to further the company’s leadership in the emerging markets for collaborative robots and autonomous mobile robots. Tillkännagivande • Nov 15
Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on December 21, 2022 Teradyne, Inc. announced a quarterly cash dividend of $0.11 per share, payable on December 21, 2022, to shareholders of record as of the close of business on November 28, 2022. Tillkännagivande • Nov 03
Teradyne, Inc. Announces the Election of Ernest E. Maddock to its Board of Directors, Effective November 14, 2022 Teradyne, Inc. announced the election of Ernest E. Maddock to its Board of Directors effective November 14, 2022. Mr. Maddock was also appointed to the Board’s Audit Committee. Mr. Maddock has over 35 years of experience in the technology industry serving in operations, technology and finance roles including 10 years as a public company CFO, most recently at Micron Technology from 2015 to 2018. Prior to Micron, Mr. Maddock was the CFO at Riverbed Technologies and prior to that, spent 16 years at LAM Research in a variety of leadership positions culminating in the CFO role from 2009 to 2013. Mr. Maddock earned his Bachelor of Science degree in Industrial Management from the Georgia Institute of Technology and a Master of Business Administration degree in Finance from Georgia State University. Tillkännagivande • Oct 27
Teradyne, Inc. Provides Earnings Guidance for the Fourth Quarter of 2022 Teradyne, Inc. provided earnings guidance for the fourth quarter of 2022. Guidance for the fourth quarter of 2022 is revenue of $670 million to $750 million, with GAAP net income of $0.59 to $0.84 per diluted share and non-GAAP net income of $0.62 to $0.86 per diluted share. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: US$1.17 (vs US$1.56 in 3Q 2021) Third quarter 2022 results: EPS: US$1.17 (down from US$1.56 in 3Q 2021). Revenue: US$827.1m (down 13% from 3Q 2021). Net income: US$183.5m (down 28% from 3Q 2021). Profit margin: 22% (down from 27% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Semiconductor industry in Germany. Tillkännagivande • Oct 20
Teradyne, Inc. to Report Q3, 2022 Results on Oct 25, 2022 Teradyne, Inc. announced that they will report Q3, 2022 results at 5:00 PM, US Eastern Standard Time on Oct 25, 2022 Upcoming Dividend • Aug 23
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 8.1% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.3%). Tillkännagivande • Aug 16
Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on September 23, 2022 Teradyne, Inc. announced a quarterly cash dividend of $0.11 per share, payable on September 23, 2022, to shareholders of record as of the close of business on August 31, 2022. Tillkännagivande • Jul 28
Teradyne, Inc. Provides Earnings Guidance for the Third Quarter of 2022 Teradyne, Inc. provided earnings guidance for the third quarter of 2022. For the period, the company expects revenue of $760 million to $840 million, with GAAP net income of $0.86 to $1.12 per diluted share. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$1.24 (vs US$1.98 in 2Q 2021) Second quarter 2022 results: EPS: US$1.24 (down from US$1.98 in 2Q 2021). Revenue: US$840.8m (down 23% from 2Q 2021). Net income: US$197.8m (down 40% from 2Q 2021). Profit margin: 24% (down from 30% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 9.5%, compared to a 14% growth forecast for the industry in Germany. Tillkännagivande • Jul 16
Teradyne, Inc. to Report Q2, 2022 Results on Jul 26, 2022 Teradyne, Inc. announced that they will report Q2, 2022 results at 5:00 PM, US Eastern Standard Time on Jul 26, 2022 Buying Opportunity • Jun 29
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be €112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to decline by 1.5% in a year. Earnings is forecast to decline by 11% in the next year. Buying Opportunity • Jun 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be €120, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to decline by 1.3% in a year. Earnings is forecast to decline by 11% in the next year. Tillkännagivande • Jun 08
Teradyne, Inc. Appoints Greg Smith as President, Effective on July 1, 2022 Teradyne, Inc. announced that Greg Smith has been appointed as President of Teradyne, effective July 1, 2022. Mark Jagiela will continue as the company's Chief Executive Officer. Mr. Smith, 59, joined Teradyne in 2006 as a Product Marketing Manager in the company's Semiconductor Test Division. He held a variety of marketing roles until his appointment in 2016 as President of the Semiconductor Test Division, the company’s large operating unit. In 2020, Greg became President of Teradyne’s newly created Industrial Automation Group to further our leadership in the emerging markets for collaborative robots and autonomous mobile robots. Mr. Smith holds a BSEE from the University of Pennsylvania. Tillkännagivande • May 13
Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on June 17, 2022 Teradyne, Inc. announced a quarterly cash dividend of $0.11 per share, payable on June 17, 2022, to shareholders of record as of the close of business on May 25, 2022. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$1.00 (vs US$1.23 in 1Q 2021) First quarter 2022 results: EPS: US$1.00 (down from US$1.23 in 1Q 2021). Revenue: US$755.4m (down 3.4% from 1Q 2021). Net income: US$161.9m (down 21% from 1Q 2021). Profit margin: 21% (down from 26% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in Germany. Tillkännagivande • Apr 27
Teradyne, Inc. Provides Earnings Guidance for the Second Quarter of 2022 Teradyne, Inc. provided earnings guidance for the second quarter of 2022. For the period, the company expects revenue to be $780 million to $870 million, with GAAP net income to be $0.96 to $1.25 per diluted share. Tillkännagivande • Apr 16
Teradyne, Inc. to Report Q1, 2022 Results on Apr 26, 2022 Teradyne, Inc. announced that they will report Q1, 2022 results at 5:00 PM, US Eastern Standard Time on Apr 26, 2022 Tillkännagivande • Apr 02
Teradyne, Inc., Annual General Meeting, May 13, 2022 Teradyne, Inc., Annual General Meeting, May 13, 2022, at 10:00 Eastern Daylight. Location: 600 Riverpark Drive North Reading Massachusetts United States Agenda: To elect the eight nominees named in the accompanying proxy statement to the Board of Directors to serve as directors for a one-year term; to approve, in a non-binding, advisory vote, the compensation of the Company’s named executive officers; to ratify the selection of the firm of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022; to transact such other business as may properly come before the meeting and any postponements or adjournments thereof. Upcoming Dividend • Feb 10
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 17 February 2022. Payment date: 18 March 2022. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorated over the past week After last week's 21% share price decline to €102, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the Semiconductor industry in Germany. Negligible returns to shareholders over past year. Simply Wall St's valuation model estimates the intrinsic value at €189 per share. Tillkännagivande • Jan 28
Teradyne, Inc. Reports Earnings Guidance for the First Quarter of 2022 Teradyne, Inc. reported earnings Guidance for the first quarter of 2022. Guidance for the first quarter of 2022 is revenue of $700 million to $770 million, with GAAP net income of $0.71 to $0.93 per diluted share. 
