Teradyne (TER) Stock: Everything You Need to Know Before April Earnings

TLDR

• Analysts expect TER to report Q1 2026 EPS of $2.08, up 177.3% from $0.75 a year ago.
• In Q4 2025, Teradyne beat EPS estimates by 32.4%, reporting $1.80 vs. the $1.36 consensus.
• TER has rallied 271.3% over the past 52 weeks, far outpacing the S&P 500’s 16.7% return.
• On March 30, the stock dropped 6.5% as geopolitical tensions around the Iran conflict raised supply chain concerns.
• 17 analysts cover TER, with a consensus “Moderate Buy” rating and a mean price target of $311.20.

Teradyne has had a remarkable run. The stock is up roughly 61% year-to-date and over 271% in the past 52 weeks, driven largely by strong demand for AI-related semiconductor testing equipment.

Teradyne, Inc., TER

The company beat Wall Street’s earnings estimates in each of the last four quarters. Its most recent result, Q4 2025, saw EPS of $1.80 come in 32.4% above the $1.36 consensus. Revenue for that quarter hit $1.08 billion, well above the $970 million estimate — a 43.9% jump year-over-year.

With the Q1 2026 earnings report approaching, the bar is high. Analysts are projecting EPS of $2.08, which would represent a 177.3% increase from the $0.75 posted in Q1 2025. That’s a steep target, but TER has shown a pattern of clearing high hurdles.

For the full year 2026, Wall Street expects EPS of $5.91, a 49.2% increase from fiscal 2025’s $3.96. Looking further out, analysts project EPS of $7.62 in fiscal 2027, representing 28.9% growth.

The stock trades at a P/E of about 89, which is elevated. The 12-month price range has been wide — from a low of $65.77 to a high of $344.92 — reflecting how quickly sentiment has shifted as AI infrastructure spending took off.

Institutional investors are clearly committed. About 99.77% of TER is held by institutions and hedge funds. Several have added to positions recently, including Integrated Wealth Concepts, which boosted its stake by 12.8% in Q1.

Analyst Targets and Ratings

Wall Street is largely bullish. Among 17 analysts covering the stock, 11 have a “Strong Buy” rating, one has a “Moderate Buy,” and five say “Hold.” The mean 12-month price target is $311.20, suggesting about 1.4% upside from current levels.

Several firms raised their targets earlier this year. Morgan Stanley set a $306 target. Goldman Sachs lifted its target from $230 to $300 with a “Buy” rating. Evercore raised its target from $200 to $280 with an “Outperform.” Cantor Fitzgerald moved its target up from $240 to $270.

Robert W. Baird has also flagged TER as a strong appreciation candidate, adding to the positive analyst drumbeat going into earnings.

Recent Headwinds

Not everything has been smooth. On March 30, TER dropped 6.5% in a single session. The sell-off was tied to rising geopolitical concerns around the Iran conflict, which rattled semiconductor stocks broadly.

One specific worry: potential disruptions to the supply of helium, a gas used in chip manufacturing. That kind of supply chain anxiety tends to hit test-equipment makers hard, given their exposure to semiconductor production cycles.

Teradyne also marked its 25th year of operations in China this week, using SEMICON China 2026 to showcase four new AI infrastructure and semiconductor test solutions. That signals continued investment in a market that carries its own geopolitical risk.

The stock’s beta of 1.79 reflects how volatile the ride can be. Investors heading into Q1 earnings are watching closely to see if AI-driven demand can justify what is, by most measures, a premium valuation.

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