Saturday 31 October 2026 Export TER’s income statement to Excel — free account

Teradyne, Inc.

TER Technology Semiconductor Equipment & Materials

Teradyne, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 13.1% from fiscal 2024. In the quarter to June 2026, revenue grew 103.9%, EPS grew 387.8% and free cash flow grew 187.4%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, operating cash flow growth for three.

275.40 20.83 −7.03%

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Market cap: $46.3B
P/E: 37.6×
Fwd P/E: 34.8×
Dividend yield: 0.19%
F-score: 5/9
Altman Z: 15.08
Beneish M: −2.20
Dividend safety: 90/100

Overview Business Profile Earnings & Analysis Segments Filings

Teradyne, Inc. (TER) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Semiconductor Test	2,524	79.11%
Product Test	358	11.22%
Robotics	308	9.66%
Gross margin		58.22%
Operating margin		20.38%
Pre-tax margin		20.48%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Product	2,660 83.39%	2,295 81.38%	2,096 78.33%	2,592 82.14%	3,197 86.33%	2,691 86.21%	1,888 82.25%	1,730 82.33%	1,785 83.53%	1,453 82.89%
Service	530 16.61%	525 18.62%	580 21.67%	563 17.86%	506 13.67%	431 13.79%	407 17.75%	371 17.67%	352 16.47%	300 17.11%
Revenue	3,190	2,820	2,676	3,155	3,703	3,121	2,295	2,101	2,137	1,753

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Product	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Service	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Semiconductor Test	2,524 79.11%	2,124 75.32%	1,957 73.13%	2,351 74.50%	2,642 71.36%	2,260 72.39%	1,553 67.65%	1,492 71.04%	1,663 77.81%	1,368 78.04%	1,202 73.28%	1,301 78.94%	1,023 71.64%	1,128 68.07%	1,106 77.41%	1,413 90.24%	552 71.06%
Product Test	358 11.22%	331 11.74%	344 12.85%	401 12.71%	—	—	—	—	—	—	—	—	—	—	—	—	—
Robotics	308 9.66%	365 12.94%	375 14.02%	403 12.78%	376 10.15%	280 8.96%	298 12.99%	261 12.45%	170 7.96%	99 5.65%	42 2.56%	—	—	—	—	—	—
Corporate and Eliminations	—	—	—	0 0.01%	—	(1) (0.02%)	(1) (0.02%)	(1) (0.06%)	—	—	—	—	—	—	—	—	—
System Test	—	—	—	—	468 12.63%	410 13.13%	287 12.53%	216 10.29%	192 8.99%	190 10.83%	212 12.90%	162 9.86%	153 10.72%	243 14.65%	294 20.61%	153 9.76%	225 28.94%
Wireless Test	—	—	—	—	217 5.86%	173 5.54%	157 6.85%	132 6.28%	112 5.24%	96 5.49%	185 11.26%	185 11.20%	252 17.64%	286 17.28%	28 1.99%	—	—
Corporate and Eliminations	—	—	—	—	—	(1) (0.02%)	—	—	—	—	—	—	—	—	—	—	—
Corporate And Others	—	—	—	—	—	—	(1) (0.02%)	(1) (0.06%)	—	—	—	—	—	—	—	—	—
Total Reportable Segments	—	—	—	2,754	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue	3,190	2,820	2,676	3,155	3,703	3,121	2,295	2,101	2,137	1,753	1,640	1,648	1,428	1,657	1,429	1,566	777

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Americas	426 13.34%	435 15.44%	479 17.91%	476 15.07%	406 10.96%	335 10.75%	338 14.74%	288 13.73%	—	—	—	—	—	—	—
Europe, Middle East and Africa	224 7.03%	257 9.11%	304 11.35%	280 8.86%	266 7.18%	208 6.67%	228 9.94%	236 11.23%	—	—	—	—	—	—	—
Also reported: a second breakdown of the same revenue
CHINA	451 14.15%	375 13.31%	315 11.77%	492 15.59%	632 17.07%	466 14.92%	514 22.41%	349 16.61%	260 12.19%	175 9.97%	265 16.16%	292 17.73%	324 22.66%	351 21.21%	180 12.63%
KOREA	446 13.99%	696 24.67%	395 14.75%	545 17.27%	502 13.56%	392 12.54%	240 10.44%	163 7.77%	207 9.68%	148 8.43%	120 7.33%	146 8.84%	119 8.35%	216 13.06%	146 10.21%
UNITED STATES	361 11.31%	374 13.27%	434 16.20%	470 14.90%	393 10.60%	322 10.31%	333 14.51%	283 13.46%	253 11.82%	222 12.66%	217 13.26%	213 12.93%	230 16.12%	238 14.38%	222 15.53%
Europe	215 6.75%	251 8.91%	274 10.23%	268 8.51%	260 7.02%	206 6.59%	219 9.54%	223 10.62%	164 7.66%	118 6.71%	112 6.83%	111 6.74%	91 6.36%	77 4.65%	101 7.08%
Rest Of The World	133 4.15%	106 3.77%	105 3.93%	88 2.78%	68 1.84%	75 2.39%	44 1.90%	39 1.87%	36 1.71%	27 1.56%	23 1.43%	10 0.61%	20 1.37%	11 0.65%	18 1.29%
MALAYSIA	107 3.37%	62 2.21%	89 3.33%	142 4.51%	137 3.69%	56 1.80%	58 2.54%	123 5.85%	124 5.81%	103 5.90%	77 4.68%	84 5.09%	87 6.09%	69 4.17%	138 9.66%
SINGAPORE	95 2.99%	90 3.20%	117 4.37%	100 3.15%	122 3.28%	76 2.45%	84 3.67%	109 5.17%	101 4.73%	73 4.17%	105 6.42%	119 7.25%	115 8.04%	102 6.13%	91 6.34%
PHILIPPINES	93 2.90%	54 1.90%	189 7.08%	124 3.93%	167 4.51%	69 2.21%	55 2.38%	78 3.71%	106 4.95%	55 3.12%	96 5.86%	69 4.17%	63 4.44%	112 6.73%	130 9.13%
THAILAND	68 2.12%	49 1.75%	92 3.43%	137 4.35%	139 3.75%	139 4.45%	88 3.81%	59 2.82%	30 1.38%	43 2.46%	59 3.60%	44 2.68%	32 2.26%	81 4.86%	81 5.64%
JAPAN	66 2.06%	160 5.67%	282 10.53%	163 5.16%	166 4.49%	144 4.61%	175 7.64%	158 7.53%	169 7.91%	136 7.76%	128 7.82%	64 3.87%	82 5.73%	101 6.08%	149 10.41%
Asia Pacific	—	—	—	—	—	—	—	1,576	—	—	—	—	—	—	—
TAIWAN	—	—	—	—	—	—	—	516	—	—	—	—	—	—	—
Revenue	3,190	2,820	2,676	3,155	3,703	3,121	2,295	2,101	2,137	1,753	1,640	1,648	1,428	1,657	1,429

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Remaining performance obligations	Q3 FY2026	$131.1M	$1.7B	−92.48%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q4 FY2020
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.