NYSE:PII 14 October 2025

March 20, 2026, 1:01 PM EDT. Teradyne (TER) reports robust demand for its UltraFLEXplus test system, fueling a 45% year-over-year rise in semiconductor test revenues to $883 million in Q4 2025. The new Photon 100 platform, launched in March 2026, targets scalable testing for silicon photonics, meeting AI data center needs. Teradyne forecasts Q1 2026 revenue between $1.15 billion and $1.25 billion. Despite growth, TER faces stiff competition from Advantest and Cohu, which are also expanding semiconductor test solutions. Teradyne's shares have surged 123.7% over six months, outperforming peers, yet trade at a premium with a forward price-to-sales ratio of 11.12 compared to the industry average of 9.93.