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Teradyne, Inc. TER Research and development expense

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Teradyne, Inc. logo
Teradyne, Inc.TER
$135.56M+14.7%

Other financials

Income statement

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Revenue$1.3B+87.0%
Gross profit$780.9M+88.0%
Operating income$473.0M+292%
Net income$398.9M+303%
EPS (diluted)$2.53+315%

Balance sheet

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Cash & equivalents$241.9M-49.1%
Total debt$82.4M+19.8%
Total equity$3.1B+12.4%
Total assets$4.4B+19.6%

Cash flow

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Operating cash flow$265.1M+64.0%
CapEx$64.7M+1.1%
Free cash flow$200.4M+105%

Valuation

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Market cap$66.87B+383%
Enterprise value$66.72B+397%
P/E78.3×+54.3×
P/S17.7×+12.9×

Profitability

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Gross margin58.7%-0.7pp
Operating margin26.5%+4.6pp
Net margin22.6%+2.7pp
FCF margin14.6%-6.3pp

Returns & leverage

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Return on equity28.7%+7.2pp
Debt / equity0.0×
Current ratio2.1×-0.6×

Where this comes from

Reported directly by Teradyne, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

The official record: Teradyne, Inc.’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Teradyne, Inc.'s research and development expense?
Teradyne, Inc. (TER) reported research and development expense of $135.56M in Q1 2026.
How has Teradyne, Inc.'s research and development expense changed year-over-year?
Teradyne, Inc.'s research and development expense increased by 14.7% year-over-year, from $118.19M to $135.56M.
What is the long-term trend for Teradyne, Inc.'s research and development expense?
Over 4 years (2021 to 2025), Teradyne, Inc.'s research and development expense has grown at a 4.2% compound annual growth rate (CAGR), from $427.61M to $504.6M.
What does research and development expense mean?
This metric captures the investment in creating new products, improving existing technologies, and advancing internal capabilities. It excludes costs associated with acquiring in-process technology from external entities.