TER · Teradyne, Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | - | $769.21M | $651.80M | $685.68M | - | $737.30M | $729.88M | $599.82M | - |
| Cost of Revenue | $501.55M | - | $319.90M | $278.79M | $270.34M | - | $300.78M | $304.04M | $260.54M | - |
| Gross Profit | $780.95M | - | $449.31M | $373.01M | $415.34M | - | $436.51M | $425.84M | $339.28M | - |
| R&D | $135.56M | - | $124.76M | $118.38M | $118.19M | - | $117.47M | $111.82M | $103.20M | - |
| SG&A | $166.74M | - | $169.14M | $157.78M | $157.26M | - | $157.65M | $154.47M | $149.19M | - |
| Total Operating Expenses | $307.95M | - | $304.00M | $282.27M | $294.53M | - | $284.45M | $215.48M | $261.51M | - |
| D&A | $32.66M | - | $30.29M | $31.39M | $28.12M | - | - | - | $23.35M | - |
| Operating Income | $473.00M | - | $145.30M | $90.74M | $120.80M | - | $152.06M | $210.37M | $77.77M | - |
| Interest Expense | $3.15M | - | $1.31M | $805.0K | $795.0K | - | $808.0K | $1.53M | $661.0K | - |
| Income Tax | $62.16M | - | $23.34M | $12.26M | $14.54M | - | $12.26M | $33.13M | $8.71M | - |
| Net Income | $398.91M | - | $119.56M | $78.37M | $98.90M | - | $145.65M | $186.27M | $64.20M | - |
| EPS - Basic | $2.55 | - | $0.75 | $0.49 | $0.61 | - | $0.89 | $1.18 | $0.42 | - |
| EPS - Diluted | $2.53 | - | $0.75 | $0.49 | $0.61 | - | $0.89 | $1.14 | $0.40 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $241.94M | $293.75M | $272.70M | $339.25M | $475.63M | $553.35M | $510.04M | $421.90M | $707.40M | $757.57M |
| Accounts Receivable | $1.11B | $786.91M | $593.80M | $433.00M | $460.40M | $471.43M | $484.38M | $470.30M | $426.33M | $422.12M |
| Inventory | $362.76M | $379.55M | $366.75M | $350.50M | $345.06M | $298.49M | $297.34M | $288.75M | $314.23M | $309.97M |
| Accounts Payable | $344.68M | $269.19M | $227.85M | $172.03M | $187.03M | $134.79M | $158.46M | $160.81M | $153.87M | $180.13M |
| Current Assets | $2.17B | $1.95B | $1.75B | $1.58B | $1.76B | $1.82B | $1.84B | $1.76B | $2.07B | $2.16B |
| Total Assets | $4.43B | $4.18B | $3.96B | $3.76B | $3.71B | $3.71B | $3.77B | $3.63B | $3.41B | $3.49B |
| Current Liabilities | $1.01B | $1.12B | $994.99M | $675.26M | $649.07M | $624.58M | $594.90M | $626.37M | $554.36M | $659.95M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.29B | $1.39B | $1.25B | $924.56M | $908.34M | $889.42M | $867.19M | $900.89M | $852.89M | $960.93M |
| Stockholders' Equity | $3.14B | $2.80B | $2.72B | $2.84B | $2.80B | $2.82B | $2.90B | $2.73B | $2.56B | $2.53B |
| Retained Earnings | $1.12B | $744.43M | $686.78M | $834.86M | $893.23M | $970.76M | $990.04M | $889.34M | $730.26M | $706.51M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $265.12M | - | - | - | $161.64M | - | - | - | $7.28M | - |
| Investing Cash Flow | ($67.29M) | - | - | - | ($61.77M) | - | - | - | ($24.02M) | - |
| Financing Cash Flow | ($250.22M) | - | - | - | ($176.81M) | - | - | - | ($36.67M) | - |
| CapEx | $64.73M | - | - | - | $64.02M | - | - | - | $44.02M | - |
| Free Cash Flow | $200.39M | - | - | - | $97.62M | - | - | - | ($36.74M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 60.9% | - | 58.4% | 57.2% | 60.6% | - | 59.2% | 58.3% | 56.6% | - |
| Operating margin | 36.9% | - | 18.9% | 13.9% | 17.6% | - | 20.6% | 28.8% | 13.0% | - |
| EBITDA margin | 39.4% | - | 22.8% | 18.7% | 21.7% | - | - | - | 16.9% | - |
| Net margin | 31.1% | - | 15.5% | 12.0% | 14.4% | - | 19.8% | 25.5% | 10.7% | - |
| Free cash flow margin | 15.6% | - | - | - | 14.2% | - | - | - | -6.1% | - |
| FCF / Net income | 0.50 | - | - | - | 0.99 | - | - | - | -0.57 | - |
| R&D / Revenue | 10.6% | - | 16.2% | 18.2% | 17.2% | - | 15.9% | 15.3% | 17.2% | - |
| SG&A / Revenue | 13.0% | - | 22.0% | 24.2% | 22.9% | - | 21.4% | 21.2% | 24.9% | - |
| Effective tax rate | 13.5% | - | 16.3% | 13.5% | 12.8% | - | 7.8% | 15.1% | 11.9% | - |
| Return on assets | 9.0% | - | 3.0% | 2.1% | 2.7% | - | 3.9% | 5.1% | 1.9% | - |
| Return on equity | 12.7% | - | 4.4% | 2.8% | 3.5% | - | 5.0% | 6.8% | 2.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.15 | 1.75 | 1.76 | 2.35 | 2.70 | 2.91 | 3.09 | 2.80 | 3.73 | 3.28 |
| Quick ratio | 1.79 | 1.41 | 1.39 | 1.83 | 2.17 | 2.43 | 2.59 | 2.34 | 3.16 | 2.81 |
| Cash ratio | 0.24 | 0.26 | 0.27 | 0.50 | 0.73 | 0.89 | 0.86 | 0.67 | 1.28 | 1.15 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 150.1x | - | 111.0x | 112.7x | 152.0x | - | 188.2x | 137.5x | 117.7x | - |
| Equity multiplier | 1.41 | 1.50 | 1.46 | 1.33 | 1.32 | 1.32 | 1.30 | 1.33 | 1.33 | 1.38 |
| Liabilities / Assets | 0.29 | 0.33 | 0.31 | 0.25 | 0.25 | 0.24 | 0.23 | 0.25 | 0.25 | 0.28 |
| Efficiency | ||||||||||
| Asset turnover | 0.29 | - | 0.19 | 0.17 | 0.19 | - | 0.20 | 0.20 | 0.18 | - |
| Inventory turnover | 1.38 | - | 0.87 | 0.80 | 0.78 | - | 1.01 | 1.05 | 0.83 | - |
| Days sales outstanding | 315d | - | 282d | 242d | 245d | - | 240d | 235d | 259d | - |
| Days inventory outstanding | 264d | - | 418d | 459d | 466d | - | 361d | 347d | 440d | - |
| Days payable outstanding | 251d | - | 260d | 225d | 253d | - | 192d | 193d | 216d | - |
| Cash conversion cycle | 328d | - | 440d | 476d | 458d | - | 408d | 389d | 484d | - |
| Valuation | ||||||||||
| P / E | 116.8x | - | 180.4x | 184.4x | 135.7x | - | 151.3x | 130.1x | 282.1x | - |
| P / B | 14.8x | - | 7.9x | 5.1x | 4.8x | - | 7.6x | 8.9x | 7.2x | - |
| P / S | 36.3x | - | 28.0x | 22.2x | 19.6x | - | 30.0x | 33.2x | 30.5x | - |
| EV / EBITDA | 91.7x | - | 121.0x | 115.7x | 86.9x | - | - | - | 174.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 87.0% | - | 4.3% | -10.7% | 14.3% | - | 4.8% | 6.6% | -2.9% | - |
| Revenue CAGR (3y) | 27.6% | - | -2.4% | -8.1% | -3.2% | - | -8.1% | -12.4% | -8.4% | - |
| Revenue CAGR (5y) | 10.4% | - | -1.3% | -4.9% | -0.5% | - | 4.8% | 5.3% | 4.0% | - |
| Gross profit growth (YoY) | 88.0% | - | 2.9% | -12.4% | 22.4% | - | 9.6% | 5.8% | -4.8% | - |
| Operating income growth (YoY) | 291.5% | - | -4.4% | -56.9% | 55.3% | - | 5.6% | 50.4% | -16.3% | - |
| Net income growth (YoY) | 303.4% | - | -17.9% | -57.9% | 54.1% | - | 13.7% | 55.2% | -23.1% | - |
| EPS growth (YoY) | 314.8% | - | -15.7% | -57.0% | 52.5% | - | 14.1% | 56.2% | -20.0% | - |
| EPS CAGR (3y) | 71.7% | - | -12.0% | -25.0% | -12.8% | - | -14.2% | -13.5% | -28.4% | - |
| EPS CAGR (5y) | 18.3% | - | -9.1% | -14.1% | -8.9% | - | 3.5% | 15.7% | -8.4% | - |
| FCF growth (YoY) | 105.3% | - | - | - | - | - | - | - | -66.2% | - |
| FCF CAGR (5y) | - | - | - | - | 72.4% | - | - | - | - | - |
| Book value growth (YoY) | 12.4% | -0.8% | -6.4% | 3.9% | 9.4% | 11.6% | 18.9% | 12.2% | 4.4% | 3.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.19B totalSemiconductor Test$1.60B · 73.4%
Robotics$300.08M · 13.7%
Product Test$282.25M · 12.9%
Product / service
$3.19B totalProduct$2.66B · 83.4%
Service$529.83M · 16.6%
Geographic
$5.08B totalAsia Pacific$1.74B · 34.3%
TW$1.16B · 22.7%
CN$451.29M · 8.9%
KR$446.30M · 8.8%
US$360.89M · 7.1%
Europe$215.43M · 4.2%
Rest Of World$132.54M · 2.6%
MY$107.37M · 2.1%
SG$95.22M · 1.9%
PH$92.52M · 1.8%
Americas$85.20M · 1.7%
TH$67.65M · 1.3%
JP$65.62M · 1.3%
EMEA$60.94M · 1.2%
Peer comparison
Same SIC group: Instruments For Meas & Testing of Electricity & Elec Signals
Comparing TERADYNE against the 5 most active filers in the same SIC group.
Dividends
$0.50/share trailing 12 months · +4.2% YoY
| Ex-date | Per share |
|---|---|
| May 21, 2026 | $0.1300 |
| Feb 13, 2026 | $0.1300 |
| Nov 24, 2025 | $0.1200 |
| Sep 5, 2025 | $0.1200 |
| May 22, 2025 | $0.1200 |
| Feb 14, 2025 | $0.1200 |
| Nov 25, 2024 | $0.1200 |
| Sep 5, 2024 | $0.1200 |
| May 21, 2024 | $0.1200 |
| Feb 15, 2024 | $0.1200 |
| Nov 24, 2023 | $0.1100 |
| Aug 31, 2023 | $0.1100 |
| May 23, 2023 | $0.1100 |
| Feb 16, 2023 | $0.1100 |
| Nov 25, 2022 | $0.1100 |
| Aug 30, 2022 | $0.1100 |
| May 24, 2022 | $0.1100 |
| Feb 17, 2022 | $0.1100 |
| Nov 23, 2021 | $0.1000 |
| Aug 31, 2021 | $0.1000 |
| May 25, 2021 | $0.1000 |
| Feb 18, 2021 | $0.1000 |
| Nov 24, 2020 | $0.1000 |
| Sep 2, 2020 | $0.1000 |