Teradyne's strong second-quarter results came in well above guidance and it raised its guidance for the second half of 2026. Sales rose 104% year over year to $1.33 billion. The implied 2026 full-year revenue guide came up more than 10% from last quarter, now implying 60% growth at the midpoint.
We think Teradyne’s depth, breadth, and steep investment in chip testing capabilities form structural competitive advantages that would be extremely difficult to replicate.
We expect continued head-to-head competition with Advantest to be a headwind to Teradyne’s growth and profitability, particularly with Advantest holding a superior position in GPU testing.
|
Metric
|
TER
|
6857
|
KLAC
|
|---|---|---|---|
Price/Earnings (Normalized) | 49.33 | 63.48 | 52.74 |
Price/Book Value | 17.26 | 30.02 | 40.78 |
Price/Sales | 13.43 | 21.34 | 19.25 |
Price/Cash Flow | 44.89 | 58.07 | 46.53 |
|
Metric
|
TER
|
6857
|
KLAC
|
|---|---|---|---|
Quick Ratio | 1.32 | 1.72 | 1.88 |
Current Ratio | 2.12 | 2.53 | 2.88 |
Interest Coverage | 118.52 | 181.23 | 20.09 |
|
Metric
|
TER
|
6857
|
KLAC
|
|---|---|---|---|
Return on Assets (Normalized) | 28.94% | 37.89% | 29.54% |
Return on Equity (Normalized) | 41.22% | 59.38% | 90.75% |
Return on Invested Capital (Normalized) | 39.50% | 51.83% | 43.62% |
|
1-Day Chart
|
Name
|
Price
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Morningstar Rating for Stocks
|
Capital Allocation
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Economic Moat
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Market Cap
|
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ASMLF
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ASML
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AMAT
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LRCX
| LOCK|&Cp<@?r | LOCK|X@V | $390B | |||
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KLAC
| LOCK|>q&^R##^ | LOCK|Tq | $259B | |||
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TOELF
| — | LOCK|>? | $156B | |||
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TOELY
| — | LOCK|!zy | $156B | |||
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Q
| LOCK|q>w@!K | LOCK|z?tY | $29B | |||
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ENTG
| LOCK|FsrNcZ$ | LOCK|n% | $23B |
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United States