Teradyne, Inc. (TER)财务
NASDAQ · Technology · Semiconductors · 员工6,600人 · CEO Gregory Stephen Smith
- 股价
- $274.37 -7.38%
- 市值
- $429亿
- 企业价值
- $426亿
- 最近财报
- Q3 '26 2026-10-30提交
- 下次财报
- 2027-01-27 EPS预期 $2.12
营收(TTM)$50亿+74.9% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)32.1%+14.3 百分点 对比去年同期营业利润 $16.1亿
净利润(TTM)$13.7亿+209.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$10.2亿+124.3% 对比去年同期资本支出 $3.05亿
稀释EPS(TTM)$8.71+216.7% 对比去年同期最近4个季度之和
净现金$3.29亿+1,687.1% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $429亿 EV $426亿
- 营收
- $50亿 过去12个月
- 营收增速
- +64% FY2026年一致预期
- 净利润率
- 27.5% 净利润 / 营收,TTM
- P/E
- 31.3× 预期 28.9×(FY2026)
- P/S
- 8.6× 股价 / 营收,TTM
- EV / EBITDA
- 23.8× TTM
- 自由现金流
- $10.2亿 过去12个月
- 净利润
- $13.7亿 过去12个月
- 营收预期
- $52.3亿 FY2026年一致预期
- 盈利
- 2027-01-27 营收预期 $13.1亿
- 股息
- $0.51 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-27):营收超预期3.0%,EPS 超预期9.6%营收$13.1亿,预期$12.7亿(+3.0%);EPS $2.29,预期$2.09(+9.6%)。
- 营收增长加速:同比69.8%Q3 '26营收$13.1亿,此前四个季度的平均值为59.8%。
- 营业利润率32.1%(TTM),较去年同期+14.3 百分点营收增长74.9%,营业利润增长214.6%。
- 资本支出占营收的6.1%(去年为7.6%)最近4个季度投入$3.05亿(同比+39.4%)。自由现金流$10.2亿,相当于净利润的74.6%。
- 股东回报$4.37亿 = 自由现金流的42.6%回购$3.57亿(去年为$6.62亿),股息$7980万,股权激励$2170万(TTM)。
- 稀释股数一年内减少1.0%Q3 '26稀释股数1.58亿,一年前为1.59亿。
- 净现金 $3.29亿现金 + 短期投资 $4.67亿,含租赁债务 $1.37亿;一年前净债务 $2080万。
上一季度:Q3 '26
截至2026-09-27的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $13.1亿 | $7.69亿 | +69.8% |
| 毛利率 | 59.1% | 58.4% | +0.6 百分点 |
| 营业利润 | $4.02亿 | $1.45亿 | +176.6% |
| 营业利润率 | 30.8% | 18.9% | +11.9 百分点 |
| 净利润 | $3.42亿 | $1.2亿 | +186.4% |
| 稀释EPS | $2.17 | $0.75 | +189.3% |
| 经营现金流 | $3.14亿 | $4910万 | +539.4% |
| 资本支出 | $8630万 | $4670万 | +84.9% |
| 自由现金流 | $2.27亿 | $236万 | +9,539.1% |
| R&D | $1.63亿 | $1.25亿 | +30.7% |
| 股权激励费用 | $2170万 | $0 | – |
实际 vs 一致预期
2026-10-27| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $13.1亿 | $12.7亿 | +3.0% |
| EPS(一致预期口径) | $2.29 | $2.09 | +9.6% |
来自2026-10-27发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Product | $11.6亿 | +84.2% | 89.1% | $44.4亿 | +89.5% | |
| Service | $1.42亿 | +3.4% | 10.9% | $5.59亿 | +8.3% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Asia Pacific | $11.2亿 | +82.5% | 85.6% | – | – | |
| Americas | $1.23亿 | +23.9% | 9.4% | – | – | |
| EMEA | $6450万 | +13.1% | 4.9% | $2.76亿 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $13.3亿
- 资本支出
- -$3.05亿
- 股票回购
- -$3.57亿
- 股息
- -$7980万
- 收购
- -$1.66亿
- 债务净发行
- -$2亿
- 股权激励费用
- $2170万
- 自由现金流
- $10.2亿
- 股东回报 / FCF
- 42.6%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 31.3× | 35.1× | 19.3× – 55.5× |
| EV / EBITDA | 23.8× | 24.6× | 13.8× – 37.3× |
| EV / 营收 | 8.5× | 6.7× | 4.2× – 9.5× |
| 股价 / FCF | 41.9× | 42.0× | 27.9× – 67.2× |
| 股价 / 净资产 | 11.6× | 8.1× | 5.6× – 10.8× |
| FCF收益率 | 2.4% | 2.6% | 1.5% – 3.6% |
| 投入资本回报率 | 33.6% | 21.8% | 15.0% – 34.5% |
| 净资产收益率 | 42.0% | 25.1% | 17.8% – 39.6% |
分析师
一致目标价 $468.14 (+70.6%)
区间 $397.00 – $550.00 · 评级 Buy
强烈买入0
买入19
持有12
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $52.3亿 | +63.9% | $9.49 | +172.8% | 28.9× | 11 |
| FY2027 | $65.1亿 | +24.6% | $12.34 | +30.0% | 22.2× | 12 |
| FY2028 | $79.7亿 | +22.3% | $16.15 | +30.9% | 17.0× | 10 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Teradyne, Inc.在近期10-Q / 10-K文件中标记的全部361项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $1.74亿 | $5.24亿 | -66.9% | – | – | – | |
| Accounts and Financing Receivable, after Allowance for Credit Loss | $4340万2025-12-31 | $1.29亿 | -66.4% | $4340万2025-12-31 | $1.29亿 | -66.4% |
| Accounts Payable, Current | $5.17亿 | $2.28亿 | +126.9% | $2.69亿2025-12-31 | $1.35亿 | +99.7% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $11.1亿 | $5.94亿 | +87.1% | $7.87亿2025-12-31 | $4.71亿 | +66.9% |
| Accounts Receivable, Allowance for Credit Loss, Current | $277万 | $189万 | +47.0% | $241万2025-12-31 | $211万 | +14.2% |
| Accrual for Environmental Loss Contingencies, Charges to Expense for New Losses | – | – | – | $110万2023-12-31 | – | – |
| Accrued Income Taxes, Current | $1.88亿 | $7250万 | +159.5% | $1.07亿2025-12-31 | $6760万 | +57.9% |
| Accrued Income Taxes, Noncurrent | $02025-12-31 | $2460万 | -100.0% | $02025-12-31 | $2460万 | -100.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $10.5亿2025-12-31 | $9.54亿 | +10.0% | $10.5亿2025-12-31 | $9.54亿 | +10.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $554万 | $3740万 | -85.2% | $4190万2025-12-31 | -$8120万 | +151.6% |
| Additional Paid in Capital, Common Stock | $20.4亿 | $19.7亿 | +3.6% | $19.9亿2025-12-31 | $19.1亿 | +4.2% |
| Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments | – | – | – | $02023-12-31 | $0 | – |
| Advertising Expense | – | – | – | $1210万2025-12-31 | $1610万 | -24.8% |
| Amortization | $550万 | $387万 | +42.3% | $1650万2025-12-31 | $1880万 | -11.9% |
| Amortization of Debt Discount (Premium) | – | – | – | $02025-12-31 | $0 | – |
| Amortization of Intangible Assets | $525万 | $351万 | +49.4% | $1530万2025-12-31 | $1880万 | -18.6% |
| AOCI Including Portion Attributable to Noncontrolling Interest, Tax | $0 | – | – | – | – | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $2310万 | $1700万 | +36.5% | $6430万2025-12-31 | $6040万 | +6.5% |
| Asset Impairment Charges | – | – | – | $490万2025-12-31 | – | – |
| Assets | $54.5亿 | $39.6亿 | +37.5% | $41.8亿2025-12-31 | $37.1亿 | +12.8% |
| Assets for Plan Benefits, Defined Benefit Plan | $1220万 | $1270万 | -3.6% | $1210万2025-12-31 | $1200万 | +0.5% |
| Assets, Current | $27.9亿 | $17.5亿 | +59.4% | $19.5亿2025-12-31 | $18.2亿 | +7.3% |
| Buildings and Improvements, Gross | $2.21亿2025-12-31 | $1.83亿 | +20.5% | $2.21亿2025-12-31 | $1.83亿 | +20.5% |
| Capital Expenditures Incurred but Not yet Paid | $250万 | $310万 | -19.3% | $347万2025-12-31 | $389万 | -10.8% |
| Cash and Cash Equivalents, at Carrying Value | $4.61亿 | $2.73亿 | +69.0% | $2.94亿2025-12-31 | $5.53亿 | -46.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $4.61亿 | $2.73亿 | +69.0% | $2.94亿2025-12-31 | $5.53亿 | -46.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.11亿 | -$6660万 | +267.1% | -$2.6亿2025-12-31 | -$2.04亿 | -27.1% |
| Common Stock, Dividends, Per Share, Cash Paid | $0.13 | $0.12 | +8.3% | $0.482025-12-31 | $0.48 | 0.0% |
| Common Stock, Par or Stated Value Per Share | $0.13 | $0.13 | 0.0% | $0.132025-12-31 | $0.13 | 0.0% |
| Common Stock, Shares Authorized | 10亿 | 10亿 | 0.0% | 10亿2025-12-31 | 10亿 | 0.0% |
| Common Stock, Shares, Issued | 1.56亿 | 1.57亿 | -0.7% | 1.56亿2025-12-31 | 1.62亿 | -3.5% |
| Common Stock, Shares, Outstanding | 1.56亿 | 1.57亿 | -0.7% | 1.56亿2025-12-31 | 1.62亿 | -3.5% |
| Common Stock, Value, Issued | $1950万 | $1970万 | -0.7% | $1950万2025-12-31 | $2020万 | -3.5% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $35.2万2026-06-28 | $0 | – | – | – | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $3.37亿 | $1.16亿 | +190.8% | $6.77亿2025-12-31 | $4.88亿 | +38.7% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $3.43亿 | $1.16亿 | +195.4% | – | – | – |
| Construction in Progress, Gross | $1850万2025-12-31 | $568万 | +226.3% | $1850万2025-12-31 | $568万 | +226.3% |
| Contract with Customer, Liability, Revenue Recognized | $3460万 | $1420万 | +143.7% | $8160万2025-12-31 | $7270万 | +12.2% |
| Cost of Goods and Services Sold | $5.35亿 | $3.2亿 | +67.1% | $13.3亿2025-12-31 | $11.7亿 | +13.8% |
| Current Federal Tax Expense (Benefit) | – | – | – | $4340万2025-12-31 | $4030万 | +7.8% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $8730万2025-12-31 | $6290万 | +38.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $1.31亿2025-12-31 | $1.06亿 | +24.1% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $63.1万2025-12-31 | $272万 | -76.8% |
| Debt Securities, Available-for-sale | $9570万 | $9990万 | -4.2% | $9710万2025-12-31 | $1.16亿 | -16.3% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $7000 | $34.3万 | -98.0% | $38.3万2025-12-31 | $9.8万 | +290.8% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $1400万 | $857万 | +63.9% | $885万2025-12-31 | $1010万 | -12.2% |
| Debt Securities, Available-for-sale, Amortized Cost | $1.1亿 | $1.08亿 | +1.5% | $1.06亿2025-12-31 | $1.26亿 | -16.2% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10 | $6410万 | $3530万 | +81.8% | $3490万2025-12-31 | $3620万 | -3.5% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $1780万 | $858万 | +107.8% | $929万2025-12-31 | $865万 | +7.4% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $834万 | $2430万 | -65.7% | $1870万2025-12-31 | $2560万 | -26.8% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $587万 | $2500万 | -76.5% | $2820万2025-12-31 | $4630万 | -39.1% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $3220万 | $3780万 | -14.8% | $3880万2025-12-31 | $4090万 | -5.1% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $5030万 | $1180万 | +326.3% | $110万2025-12-31 | $2260万 | -95.1% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $5150万 | $2730万 | +89.0% | $2660万2025-12-31 | $2720万 | -2.4% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $1700万 | $868万 | +96.2% | $941万2025-12-31 | $823万 | +14.3% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $802万 | $2420万 | -66.8% | $1860万2025-12-31 | $2530万 | -26.5% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $585万 | $2500万 | -76.6% | $2820万2025-12-31 | $4630万 | -39.0% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost | $9620万 | $9320万 | +3.2% | $9110万2025-12-31 | $1.17亿 | -21.9% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value | $8240万 | $8520万 | -3.2% | $8280万2025-12-31 | $1.07亿 | -22.7% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $8260万 | $4960万 | +66.4% | $3990万2025-12-31 | $6350万 | -37.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-27, 10-Q 2026-06-28, 10-Q 2026-03-29, 10-K 2025-12-31, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-31, 10-Q 2024-09-29
数据截至 2026-11-02