Denafrips Terminator II

Denafrips

Terminator II

Introduced 2021$4,500 MSRP

The Denafrips Terminator II is a flagship-tier, balanced dual-mono R-2R (resistor-ladder) NOS DAC from the Singapore-distributed Chinese manufacturer Denafrips, using a discrete network of over 1,000 high-precision (0.005%) resistors rather than an off-the-shelf delta-sigma DAC chip, paired with an OCXO clock for low jitter. It sits near the top of Denafrips' DAC lineup, one step below the flagship Terminator Plus, and is frequently compared favorably against DACs costing two to three times as much, including Chord's Dave. Our researched price of $4,500 matches the ~$4,500 guide figure closely.

MSRP

$4,500

Used market · Good

$3,450

-23% vs MSRP
as of Sep 1, 2026

MSRP to used market

From $4,500 at launch to $3,450 today.

Specifications

Clock
Upgraded Oven Controlled Crystal Oscillators (OCXO)
Price
$4,500
Weight
~40–42 lb
Analog outputs
1 pair balanced XLR, 1 pair single-ended RCA
Digital inputs
1× BNC coax (75Ω), 1× optical, 2× AES/EBU, 3× I2S (A/B/C), 1× USB
DAC architecture
Proprietary balanced, 24-bit discrete R-2R (resistor-ladder) NOS DAC; 1,000+ high-precision (0.005% tolerance) resistors in dual-mono configuration
Comparable models in lineup
Ares II ($880), Pontus II ($1,700), Venus II ($3,074), Terminator II ($4,500), Terminator Plus ($6,400)
USB I2S sample rate support
Up to 1536kHz PCM and native DSD1024 via USB and I2S
Standard PCM sample rate support
Up to 24-bit/192kHz across all standard digital inputs

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