Post-earnings recap
Reported
Tue, Jul 28, 2026
EPS actual
$2.47
EPS est.
$2.04
EPS surprise
+21.20%
1-day move
-4.22%
Teradyne reported a strong EPS performance, beating expectations by over 21%. However, the stock reacted negatively, declining by 4.22%. This drop may reflect investor concerns despite the earnings beat, as no revenue figures or future guidance were provided.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $2.47 | N/A | +21.20% |
| Revenue | N/A | N/A | N/A |
No transcript is on record, and the analysis is based on numerical results only.
Teradyne, Inc. is a leading provider of automation equipment for the semiconductor industry, focusing on testing and measurement solutions. As a key player in the Information Technology sector, Teradyne's performance is closely tied to trends in semiconductor demand, which are influenced by advancements in AI and cloud computing.
Last quarter
In Q1 2026, Teradyne reported an EPS of $2.56, surpassing estimates by 21.44%. However, the stock fell 5.44% the following day, indicating market skepticism despite the strong earnings.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+16.59%
Avg 1-day reaction
-1.24%
Overall, expectations are mixed as Teradyne has consistently beaten EPS estimates, but the stock reaction has been volatile. Investors are keen to see if this trend continues.
Bull case
If Teradyne can maintain its strong EPS growth and show solid revenue performance, it may signal robust demand in the semiconductor market, leading to positive stock movement.
Bear case
Conversely, if the company fails to meet expectations or provides weak guidance, it could reinforce concerns about slowing demand, resulting in a negative stock reaction.
The print will turn on these.
Q1
What will the EPS be this quarter, and how does it compare to last quarter's $2.56?
Given the strong EPS surprise last quarter, investors will be looking for continued momentum in earnings.
Q2
What guidance will management provide regarding revenue growth in the semiconductor sector?
Management's outlook on revenue growth will be critical for assessing future demand and stock performance.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±3.5%
Why consensus could be wrong
The Street may be underestimating Teradyne's ability to capitalize on emerging AI technologies, which could drive higher demand for testing equipment.
Supporting evidence
Teradyne's recent product innovations position it well for growth in AI-driven semiconductor applications.
The options market is pricing in a larger move than historical averages, indicating potential for significant market reaction.
Strong demand in the semiconductor sector could lead to higher-than-expected revenue, contrary to cautious market sentiment.
Key risk
If Teradyne's revenue growth exceeds expectations, it could challenge the current cautious outlook.
Pre-commit to what would confirm each case.
The market is debating whether Teradyne can sustain its earnings growth in a potentially slowing semiconductor market.
Bull confirmed if
An EPS of $2.70 or higher would confirm strong earnings momentum and investor confidence.
Bear confirmed if
An EPS below $2.40 would raise concerns about declining demand and profitability.
What the market is pricing for the move.
Implied Move
±14.39%
Historical Avg
±2.1%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.
Options are pricing ±14.4% while TER has averaged ±2.1% over the last 8 prints — setup is pricing rich.
ATM IV
0.8%
30d HV
95.8%
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 a potential stock increase of around 2.33% on the day, confirming strong demand.
In line / cautious
If results are in line but cautious commentary is provided, the stock may experience moderate volatility as investors reassess their outlook.
Miss
A miss could lead to a significant decline, with historical patterns suggesting a potential drop of around 2.33%.
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.