Teradyne, Inc. TER

Revenue Intelligence Report • 8 quarters of SEC filing data • Updated 2026-03-15

Revenue growth appears driven by SG&A spending, with a 1% increase in SG&A associated with a 3.01% rise in revenue under the log-log model. The model’s accuracy is moderate, with a 10.7% MAPE and a holdout test showing predicted 0.9B versus actual 1.1B (18.9% error). The FY forecast implies revenue of about $3.9B, up roughly 22% year over year, signaling solid growth potential if SG&A-driven dynamics persist. R&D data is not available and the ROI of SG&A investments is inferred rather than quantified, so investors should monitor margins and confirm that SG&A-driven revenue translates into durable profitability.

Investment Thesis

At 10.7% MAPE, the model captures Teradyne, Inc.'s broad revenue trajectory, though quarterly variability suggests sensitivity to external factors. Sales & marketing spend shows a 3.01x elasticity, suggesting effective go-to-market execution.

Next FY Revenue
$3.89B
+22.0% YoY
SG&A Elasticity
3.01x
Model Accuracy
10.7% MAPE
Holdout validation: The model predicted $0.9B vs the actual $1.1B — an error of 18.9%.
Note: Teradyne, Inc. does not report R&D expenses separately. This analysis uses SG&A spending only.
Investor insight: Actual revenue ($1.1B) came in 19% above the spending-based forecast ($0.9B). This suggests that Teradyne, Inc.'s recent revenue growth is driven significantly by external demand factors — such as market pricing, product cycle tailwinds, or structural demand shifts — beyond what its R&D and SG&A spending alone would predict.

Revenue Forecast

TER Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $0.9B $1.1B $0.7B – $1.1B +16.7% ✓ In range
Q1 2026 $0.9B $0.6B – $1.3B +32.9%
Q2 2026 $1.0B $0.6B – $1.5B +45.9%
Q3 2026 $1.0B $0.6B – $1.7B +29.1%
Q4 2026 $1.0B $0.6B – $1.8B -4.3%

How Spending Drives Revenue

TER Spending Timing
Reading this chart: Each line shows the cumulative elasticity — how a 1% increase in spending translates to revenue growth over subsequent quarters. The effect builds over 4-5 quarters as investments compound.

Want this analysis for your portfolio?

I build custom revenue intelligence reports for investors and companies using SEC filing data, econometric modeling, and AI-powered insights.

Get in Touch

More in Technology

MSI GOOG GOOGL GRMN CIEN PTC TTD AXON