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Teradyne vs Itron: TER and ITRI compared
Teradyne is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $599M for Itron (Q3 2026). Teradyne is growing faster (+70% against +3% a year earlier). Teradyne is more profitable, with an operating margin of 30.8% against 15.9%.
Where the money goes: TER and ITRI
Teradyne (TER) · Q3 2026
Teradyne, Q3 2026: revenue $1.3B (+70% year over year), operating margin 30.8%, net earnings $342M, operating cash flow $314M. The chart follows the revenue to costs, profit and cash.
Itron (ITRI) · Q3 2026
Itron, Q3 2026: revenue $599M (+3% year over year), operating margin 15.9%, net earnings $71.4M, operating cash flow $102M. The chart follows the revenue to costs, profit and cash.
| Teradyne (TER) | Itron (ITRI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.3B | $599M |
| Revenue growth, Y/Y | +70% | +3% |
| Gross margin | 59.1% | 40.9% |
| Operating margin | 30.8% | 15.9% |
| Net earnings | $342M | $71.4M |
| Net margin | 26.2% | 11.9% |
| Operating cash flow | $314M | $102M |
| Free cash flow | $227M | $95.5M |
| Market value | $34.2B | $4.4B |
| P/E | 24.9× | 15.9× |
| Analysts’ mean target | $424.67 | $128.56 |
Where the revenue comes from
Teradyne
- Product: $1.2B (89%)
- Service: $142M (11%)
Itron
- Product revenues: $489M (82%)
- Service revenues: $110M (18%)
Questions
Which is bigger, Teradyne or Itron?
Teradyne is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $599M for Itron (Q3 2026).
Is Teradyne or Itron growing faster?
Teradyne is growing faster (+70% against +3% a year earlier).
Which is more profitable, Teradyne or Itron?
Teradyne is more profitable, with an operating margin of 30.8% against 15.9%.
More: Teradyne earnings · how Teradyne makes money · Itron earnings · how Itron makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.