Teradyne, Inc
TER- Exchange
- Nasdaq
- Industry
- Instruments For Meas & Testing of Electricity & Elec Signals
- SEC CIK
- 0000097210
In the last 90 days, Teradyne, Inc insiders filed 0 open-market purchases and 11 sales; 1,432 institutions reported holding it in 13F filings for Q2 2026, worth $73.2B in total; 3 superinvestors hold it, including Lone Pine Capital and ARK Invest.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 31, 2026, 1:09 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Jan 30, 2025 | Jan 31, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Revenue | $3.19B | $2.82B | $2.68B | $3.16B | $3.70B |
| Cost of revenue | $1.33B | $1.17B | $1.14B | $1.29B | $1.50B |
| Gross profit | $1.86B | $1.65B | $1.54B | $1.87B | $2.21B |
| Operating expenses | $1.21B | $1.06B | $1.04B | $1.04B | $1.01B |
| Research and development | $504.6M | $460.9M | $418.1M | $440.6M | $427.6M |
| Selling, general and administrative | $648.9M | $617.0M | $577.3M | $558.1M | $547.6M |
| Operating income | $650.1M | $593.8M | $501.1M | $831.9M | $1.20B |
| Interest expense | $6.85M | $3.59M | $3.81M | $3.72M | $17.8M |
| Income tax | $79.3M | $59.5M | $76.8M | $124.9M | $146.4M |
| Net income | $554.0M | $542.4M | $448.8M | $715.5M | $1.01B |
| EPS, basic | $3.48 | $3.41 | $2.91 | $4.52 | $6.15 |
| EPS, diluted | $3.47 | $3.32 | $2.73 | $4.22 | $5.53 |
| Weighted shares, basic | 159.1M | 159.1M | 154.3M | 158.4M | 165.0M |
| Weighted shares, diluted | 159.7M | 163.3M | 164.3M | 169.7M | 183.6M |
| Margins and growth | |||||
| Gross margin | 58.2% | 58.5% | 57.4% | 59.2% | 59.6% |
| Operating margin | 20.4% | 21.1% | 18.7% | 26.4% | 32.4% |
| Net margin | 17.4% | 19.2% | 16.8% | 22.7% | 27.4% |
| Revenue growth, year over year | +13.1% | +5.4% | −15.2% | −14.8% | +18.6% |
| Net income growth, year over year | +2.2% | +20.9% | −37.3% | −29.5% | +29.4% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Jan 30, 2025 | Jan 31, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Cash and equivalents | $293.8M | $553.4M | $757.6M | $854.8M | $1.12B |
| Accounts receivable | $786.9M | $471.4M | $422.1M | $491.1M | $550.7M |
| Inventory | $379.6M | $298.5M | $310.0M | $325.0M | $243.3M |
| Total current assets | $1.95B | $1.82B | $2.16B | $2.26B | $2.58B |
| Property, plant and equipment | $563.0M | $508.2M | $445.5M | $418.7M | $387.2M |
| Goodwill | $521.0M | $395.4M | $415.7M | $403.2M | $426.0M |
| Intangible assets | $51.3M | $15.9M | $35.4M | $53.5M | $75.6M |
| Total assets | $4.18B | $3.71B | $3.49B | $3.50B | $3.81B |
| Accounts payable | $269.2M | $134.8M | $180.1M | $139.7M | $153.1M |
| Short-term debt | $200.0M | – | – | – | – |
| Total current liabilities | $1.12B | $624.6M | $660.0M | $746.3M | $805.1M |
| Total liabilities | $1.39B | $889.4M | $960.9M | $1.05B | $1.25B |
| Shareholders' equity | $2.80B | $2.82B | $2.53B | $2.45B | $2.56B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Jan 30, 2025 | Jan 31, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Operating cash flow | $674.4M | $672.2M | $585.2M | $577.9M | $1.10B |
| Capital expenditures | $224.0M | $198.1M | $159.6M | $163.2M | $132.5M |
| Free cash flow | $450.4M | $474.1M | $425.6M | $414.7M | $965.9M |
| Depreciation and amortization | $128.0M | $119.7M | $110.9M | $110.7M | $125.5M |
| Stock-based compensation | $64.0M | $60.1M | $57.7M | $48.2M | $45.6M |
| Dividends paid | $76.3M | $76.4M | $67.9M | $69.7M | $66.0M |
| Share buybacks | $702.1M | $198.6M | $397.2M | $752.1M | $600.0M |
| Investing cash flow | -$368.6M | -$622.3M | -$179.6M | $43.8M | $120.4M |
| Financing cash flow | -$562.3M | -$251.8M | -$501.9M | -$893.0M | -$1.01B |
| Net change in cash | -$259.6M | -$204.2M | -$97.2M | -$267.4M | $208.1M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.0% | 2.1% | 2.2% | 1.5% | 1.2% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 26, 2026 | 156.1M | −0.3% | SEC |
| Jul 27, 2026 | 156.3M | −1.7% | SEC |
| Apr 27, 2026 | 156.5M | −2.4% | SEC |
| Feb 16, 2026 | 156.6M | −3.2% | SEC |
| Oct 27, 2025 | 156.6M | −3.8% | SEC |
| Jul 28, 2025 | 159.1M | −2.5% | SEC |
| Apr 28, 2025 | 160.4M | +2.8% | SEC |
| Feb 14, 2025 | 161.7M | +5.6% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.