Post-earnings recap
Reported
Tue, Apr 28, 2026
EPS actual
$2.56
EPS est.
$2.11
EPS surprise
+21.44%
1-day move
-5.44%
Teradyne's strong EPS performance indicates better-than-expected profitability, but the stock fell by 5.4% likely due to the absence of revenue figures and guidance. Investors may be concerned about future growth prospects without clear direction from management. The market's reaction suggests caution among investors despite the earnings beat.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $2.56 | $2.11 | +21.44% |
| Revenue | N/A | $1.2B | N/A |
Overall, management expressed a positive outlook on certain product lines while acknowledging market uncertainties. They emphasized their commitment to innovation.
Management highlighted strong demand in specific segments despite overall market challenges.
They noted ongoing investments in technology to drive future growth.
Teradyne, Inc. is a leading provider of automation equipment for the semiconductor industry, which is crucial for producing electronic devices. As technology advances, including trends like AI and cloud computing, Teradyne's role in ensuring the quality and efficiency of semiconductor manufacturing becomes increasingly important.
Last quarter
In Q4 2025, Teradyne reported an earnings surprise of 32.26%, with EPS coming in at $1.80 compared to expectations of $1.36. The stock reacted positively, gaining 3.52% the following day.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+16.59%
Avg 1-day reaction
-1.24%
Analysts are cautiously optimistic about Teradyne's upcoming earnings, expecting solid EPS and revenue figures. The company has a strong track record of beating earnings estimates, which may bolster investor confidence.
Bull case
If Teradyne exceeds expectations, it could signal robust demand for semiconductor testing solutions, potentially driving the stock higher.
Bear case
Conversely, if the company fails to meet estimates or provides weak guidance, it could raise concerns about slowing demand in the semiconductor sector.
Key metrics to watch
EPS
$2.11Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.
Revenue
$1.2BTotal revenue reflects the company's sales performance and market demand for its products.
The print will turn on these.
Q1
Will Teradyne's EPS exceed the consensus estimate of $2.11?
A beat on EPS would reinforce the company's strong performance and could lead to a positive market reaction.
Q2
What guidance will management provide regarding revenue growth in the semiconductor testing segment?
Investors will closely watch for any signs of slowing demand or increased competition, which could impact future earnings.
—
Est. EPS
$1.52
Est. Rev
$3.6B
Impl. Move
±39.2%
Why consensus could be wrong
The Street may underestimate Teradyne's ability to capitalize on emerging technologies in semiconductor testing, which could drive higher-than-expected demand.
Supporting evidence
Teradyne has consistently beaten EPS estimates, indicating strong operational execution.
The options market is pricing a larger move than historical averages, suggesting heightened investor expectations.
Recent industry trends indicate increasing investments in semiconductor technology, which could benefit Teradyne.
Key risk
If the company reports strong growth in its semiconductor testing segment, it could challenge the current cautious sentiment.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it will indicate whether Teradyne can sustain its growth trajectory amidst a competitive landscape.
Bull confirmed if
An EPS of $2.20 or higher would confirm strong demand and operational efficiency.
Bear confirmed if
An EPS below $2.01 would raise concerns about market conditions and demand for semiconductor testing.
What the market is pricing for the move.
Implied Move
±13.95%
Historical Avg
±2.1%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.
Options are pricing ±14.0% while TER has averaged ±2.1% over the last 8 prints — setup is pricing rich.
ATM IV
1.7%
30d HV
61.8%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$67,284.30
167 sh
1 insider
Net
$67,284.30
Net selling
Most Active Insiders· 1 open-market trade
Smart-money positioning from the most recent 13F filings.
Institutional
101.01%
of float
Insider
0.20%
of float
Holders
1,955
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
19,437,021 sh · $8.0B
11.19%
19.2%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Teradyne beats expectations, history suggests the stock could rise, confirming strong demand and operational efficiency.
In line / cautious
If results are in line but management expresses caution, the stock may react neutrally as investors weigh future growth prospects.
Miss
A miss could lead to a decline, with history suggesting a potential drop of around 0.64% on average.
The lines on the call that would change the story.
$67,284.30
Net selling
Recent Transactions
Oct 1, 2026 · @ $402.90
167 sh
$67,284.30
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Vanguard Capital Management LLC
10,225,398 sh · $4.2B
5.89%
0.5%
Vanguard Portfolio Management LLC
8,633,782 sh · $3.6B
4.97%
0.4%
State Street Corporation
7,290,460 sh · $3.0B
4.20%
4.6%
Invesco Ltd.
6,683,098 sh · $2.8B
3.85%
165.1%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.