TER Teradyne Inc

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 30, 2024

TERADYNE, INC.

(Exact Name of Registrant as Specified in Charter)

Massachusetts		001-06462		04-2272148
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

600 Riverpark Drive, North Reading, MA		01864
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (978) 370-2700

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.125 per share		TER		Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 2.02 Results of Operations and Financial Condition.

On January 30, 2024, Teradyne, Inc. (“Teradyne”) issued a press release regarding its financial results for the fourth quarter ended December 31, 2023. Teradyne’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit		Description
99.1		Press Release dated January 30, 2024.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

				TERADYNE, INC.
Dated: January 31, 2024				By:		/s/ SANJAY MEHTA
				Name:		Sanjay Mehta
				Title:		Vice President, Chief Financial Officer and Treasurer

 

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Exhibit 99.1

Teradyne Reports Fourth Quarter and Fiscal Year 2023 Results

 

		Q4'23				Q4'22				Q3'23				FY 2023				FY 2022
Revenue (mil)		$	671			$	732			$	704			$	2,676			$	3,155
GAAP EPS		$	0.72			$	1.04			$	0.78			$	2.73			$	4.22
Non-GAAP EPS		$	0.79			$	0.92			$	0.80			$	2.93			$	4.25

 

NORTH READING, Mass. – January 30, 2024 – Teradyne, Inc. (NASDAQ: TER) reported revenue of $671 million for the fourth quarter of 2023 of which $431 million was in Semiconductor Test, $86 million in System Test, $25 million in Wireless Test and $129 million in Robotics. GAAP net income for the fourth quarter was $117 million or $0.72 per diluted share. On a non-GAAP basis, Teradyne’s net income in the fourth quarter was $127 million, or $0.79 per diluted share, which excluded pension actuarial losses, acquired intangible asset amortization, restructuring and other charges, and included the related tax impact on non-GAAP adjustments.

“We closed out 2023 with Q4 revenue and profit in line with our guidance as strong demand for memory test systems and 50% quarterly growth of Robotics revenue offset weakening demand for System-on-a-Chip (SOC) test systems,” said Teradyne CEO Greg Smith. “Looking into the new year, we expect low tester utilization will impact demand in the first half of the year but anticipate the full year Semiconductor test demand to incrementally improve from 2023. In Robotics, after expected seasonal weakness in Q1, we project consistent quarterly growth powered by new products, new applications and improvements in our global distribution channels.”

Guidance for the first quarter of 2024 is revenue of $540 million to $590 million, with GAAP net income of $0.19 to $0.35 per diluted share and non-GAAP net income of $0.22 to $0.38 per diluted share. Non-GAAP guidance excludes acquired intangible asset amortization and includes the related tax impact on non-GAAP adjustments.

Webcast

A conference call to discuss the fourth quarter results, along with management’s business outlook, will follow at 8:30 a.m. ET, Wednesday, January 31, 2024. Interested investors should access the webcast at www.teradyne.com and click on "Investors" at least five minutes before the call begins. Presentation materials will be available starting at 8:30 a.m. ET. A replay will be available on the Teradyne website at www.teradyne.com/investors.

 

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Non-GAAP Results

In addition to disclosing results that are determined in accordance with GAAP, Teradyne also discloses non-GAAP results of operations that exclude certain income items and charges. These results are provided as a complement to results provided in accordance with GAAP. Non-GAAP income from operations and non-GAAP net income exclude acquired intangible assets amortization, restructuring and other, pension actuarial gains and losses, stock compensation modification expense, discrete income tax adjustments, and includes the related tax impact on non-GAAP adjustments. GAAP requires that these items be included in determining income from operations and net income. Non-GAAP income from operations, non-GAAP net income, non-GAAP income from operations as a percentage of revenue, non-GAAP net income as a percentage of revenue, and non-GAAP net income per share are non-GAAP performance measures presented to provide meaningful supplemental information regarding Teradyne’s baseline performance before gains, losses or other charges that may not be indicative of Teradyne’s current core business or future outlook. These non-GAAP performance measures are used to make operational decisions, to determine employee compensation, to forecast future operational results, and for comparison with Teradyne’s business plan, historical operating results and the operating results of Teradyne’s competitors. Non-GAAP diluted shares include the impact of Teradyne’s call option on its shares. Management believes each of these non-GAAP performance measures provides useful supplemental information for investors, allowing greater transparency to the information used by management in its operational decision making and in the review of Teradyne’s financial and operational performance, as well as facilitating meaningful comparisons of Teradyne’s results in the current period compared with those in prior and future periods. A reconciliation of each available GAAP to non-GAAP financial measure discussed in this press release is contained in the attached exhibits and on the Teradyne website at www.teradyne.com by clicking on “Investor Relations” and then selecting “Financials” and the “GAAP to Non-GAAP Reconciliation” link. The non-GAAP performance measures discussed in this press release may not be comparable to similarly titled measures used by other companies. The presentation of non-GAAP measures is not meant to be considered in isolation, as a substitute for, or superior to, financial measures or information provided in accordance with GAAP.

About Teradyne

Teradyne (NASDAQ:TER) test technology helps bring high-quality innovations such as smart devices, life-saving medical equipment and data storage systems to market, faster. Its advanced test solutions for semiconductors, electronic systems, wireless devices and more ensure that products perform as they were designed. Its robotics offerings include collaborative and mobile robots that help manufacturers of all sizes increase productivity, improve safety, and lower costs. In 2023, Teradyne had revenue of $2.7 billion and today employs over 6,500 people worldwide. For more information, visit teradyne.com. Teradyne® is a registered trademark of Teradyne, Inc., in the U.S. and other countries.

Safe Harbor Statement

This release contains forward-looking statements including statements regarding Teradyne’s future business prospects, financial performance or position and results of operations. You can identify forward-looking statements by their use of forward-looking words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “goal” or other comparable terms. Forward-looking statements in this press release address various matters, including statements regarding Teradyne’s financial guidance. Investors are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements due to known and unknown risks, uncertainties, assumptions, and other factors. Such factors include, but are not limited to, macroeconomic factors and slowdowns or downturns in economic conditions generally and in the markets in which Teradyne operates; decreased or delayed product demand from one or more significant customers; a slowdown or inability in the development, delivery and acceptance of new products; the ability to grow the Robotics business; the impact of increased research and development spending; the impact of epidemics or pandemics such as COVID-19; the impact of a supply shortage on our supply chain and contract manufacturers; the consummation and success of any mergers or acquisitions; unexpected cash needs; the business judgment of the board of directors that a declaration of a dividend or the repurchase of common stock is not in Teradyne’s best interests; changes to U.S. or global tax regulations or guidance; the impact of any tariffs or export controls imposed by the U.S. or China; the impact of U.S. Department of Commerce or other government agency regulations relating to Huawei, HiSilicon and other customers or potential customers; the impact of U.S. Department

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Commerce export control regulations for certain U.S. products and technology sold to military end users or for military end-use in China; the impact of the Israel-Hamas conflict; the impact of regulations published by the U.S. Department of Commerce relating to semiconductors and semiconductor manufacturing equipment destined for certain end uses in China. The risks included above are not exhaustive. For a more detailed description of the risk factors associated with Teradyne, please refer to Teradyne’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and Quarterly Report on Form 10-Q for the fiscal quarter ended October 1, 2023. Many of these factors are macroeconomic in nature and are, therefore, beyond Teradyne’s control. We caution readers not to place undue reliance on any forward-looking statements included in this press release which speak only as to the date of this press release. Teradyne specifically disclaims any obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

 

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TERADYNE, INC. REPORT FOR FOURTH FISCAL QUARTER OF 2023

 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 

		Quarter Ended												Twelve Months Ended
		December 31, 2023				October 1, 2023				December 31, 2022				December 31, 2023				December 31, 2022
Net revenues		$	670,600			$	703,732			$	731,836			$	2,676,298			$	3,155,045
Cost of revenues (exclusive of acquired intangible assets amortization shown separately below) (1)			291,055				305,441				311,387				1,139,550				1,287,894
Gross profit			379,545				398,291				420,449				1,536,748				1,867,151
Operating expenses:
Selling and administrative (2)			142,336				138,330				142,752				577,315				558,103
Engineering and development			102,207				104,413				108,810				418,089				440,591
Acquired intangible assets amortization			4,651				4,720				4,670				18,999				19,333
Restructuring and other (3)			6,027				6,856				(2,369	)			21,277				17,185
Operating expenses			255,221				254,319				253,863				1,035,680				1,035,212
Income from operations			124,324				143,972				166,586				501,068				831,939
Interest and other (income) expense (4)			(15,482	)			(308	)			(28,651	)			(24,504	)			(8,446	)
Income before income taxes			139,806				144,280				195,237				525,572				840,385
Income tax provision			22,752				16,164				22,936				76,820				124,884
Net income		$	117,054			$	128,116			$	172,301			$	448,752			$	715,501
Net income per common share:
Basic		$	0.77			$	0.83			$	1.11			$	2.91			$	4.52
Diluted		$	0.72			$	0.78			$	1.04			$	2.73			$	4.22
Weighted average common shares - basic			152,812				153,762				155,762				154,310				158,434
Weighted average common shares - diluted (5)			162,106				164,050				165,468				164,304				169,734
Cash dividend declared per common share		$	0.11			$	0.11			$	0.11			$	0.44			$	0.44

 

 

		Quarter Ended												Twelve Months Ended
		December 31, 2023				October 1, 2023				December 31, 2022				December 31, 2023				December 31, 2022
Provision for excess and obsolete inventory		$	5,289			$	11,728			$	11,787			$	28,358			$	31,452
Sale of previously written down inventory			(1,115	)			(1,198	)			(828	)			(5,161	)			(1,808	)
		$	4,174			$	10,530			$	10,959			$	23,197			$	29,644

 

 

		Quarter Ended												Twelve Months Ended
		December 31, 2023				October 1, 2023				December 31, 2022				December 31, 2023				December 31, 2022
Acquisition and divestiture related expenses		$	3,132			$	—			$	—			$	3,132			$	—
Employee severance			2,892				4,658				775				14,727				2,924
Contract termination			—				1,511				—				1,511				—
Litigation settlement			—				—				—				—				14,700
Gain on sale of asset			—				—				(3,410	)			—				(3,410	)
Other			3				687				266				1,907				2,971
		$	6,027			$	6,856			$	(2,369	)		$	21,277			$	17,185

 

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		Quarter Ended												Twelve Months Ended
		December 31, 2023				October 1, 2023				December 31, 2022				December 31, 2023				December 31, 2022
Pension actuarial losses (gains)		$	2,575			$	72			$	(25,592	)		$	2,703			$	(25,584	)
Gain on foreign exchange option			(7,464	)			—				—				(7,464	)			—

 

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CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands)

 

		December 31, 2023				December 31, 2022
Assets
Cash and cash equivalents		$	757,571			$	854,773
Marketable securities			62,154				39,612
Accounts receivable, net			422,124				491,145
Inventories, net			309,974				325,019
Prepayments			548,970				532,962
Other current assets			37,992				14,404
Current assets held for sale			23,250				—
Total current assets			2,162,035				2,257,915
Property, plant and equipment, net			445,492				418,683
Operating lease right-of-use assets, net			73,417				73,734
Marketable securities			117,434				110,777
Deferred tax assets			175,775				142,784
Retirement plans assets			11,504				11,761
Other assets			38,580				28,925
Acquired intangible assets, net			35,404				53,478
Goodwill			415,652				403,195
Assets held for sale			11,531				—
Total assets		$	3,486,824			$	3,501,252
Liabilities
Accounts payable		$	180,131			$	139,722
Accrued employees’ compensation and withholdings			191,750				212,266
Deferred revenue and customer advances			99,804				148,285
Other accrued liabilities			114,712				112,271
Operating lease liabilities			17,522				18,594
Income taxes payable			48,653				65,010
Current debt			—				50,115
Current liabilities held for sale			7,379				—
Total current liabilities			659,951				746,263
Retirement plans liabilities			132,090				116,005
Long-term deferred revenue and customer advances			37,282				45,131
Long-term other accrued liabilities			19,998				15,981
Deferred tax liabilities			183				3,267
Long-term operating lease liabilities			65,092				64,176
Long-term income taxes payable			44,331				59,135
Liabilities held for sale			2,000				—
Total liabilities			960,927				1,049,958
Shareholders’ equity			2,525,897				2,451,294
Total liabilities and shareholders’ equity		$	3,486,824			$	3,501,252

 

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands)

 

		Quarter Ended								Twelve Months Ended
		December 31, 2023				December 31, 2022				December 31, 2023				December 31, 2022
Cash flows from operating activities:
Net income		$	117,054			$	172,301			$	448,752			$	715,501
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation			23,260				22,861				92,118				90,763
Stock-based compensation			12,443				10,808				57,682				48,228
Provision for excess and obsolete inventory			5,289				11,787				28,358				31,452
Amortization			4,685				4,900				18,768				19,912
Deferred taxes			(13,616	)			(10,320	)			(37,642	)			(38,693	)
(Gains) losses on investments			(11,756	)			(1,451	)			(14,915	)			9,985
Retirement plans actuarial losses (gains)			2,575				(25,592	)			2,703				(25,584	)
Gains on sale of asset			—				(3,410	)			—				(3,410	)
Other			(811	)			1,621				(955	)			2,353
Changes in operating assets and liabilities
Accounts receivable			40,786				46,380				70,977				50,628
Inventories			(1,068	)			(11,992	)			5,327				(80,809	)
Prepayments and other assets			20,881				(46,382	)			(43,101	)			(140,713	)
Accounts payable and other liabilities			42,783				11,911				46,782				(60,507	)
Deferred revenue and customer advances			(7,693	)			(337	)			(57,210	)			(6,233	)
Retirement plans contributions			(1,794	)			(1,219	)			(5,492	)			(5,116	)
Income taxes			15,762				1,536				(26,921	)			(29,834	)
Net cash provided by operating activities			248,780				183,402				585,231				577,923
Cash flows from investing activities:
Purchases of property, plant and equipment			(44,336	)			(34,577	)			(159,642	)			(163,249	)
Purchases of marketable securities			(24,120	)			(20,234	)			(161,906	)			(287,409	)
Proceeds from sales of marketable securities			24,438				8,858				61,401				268,058
Proceeds from maturities of marketable securities			13,595				40,849				85,042				222,941
Issuance of convertible loan			—				—				(5,000	)			—
Proceeds from life insurance			—				—				460				—
Proceeds from sale of asset			—				3,410				—				3,410
Net cash (used for) provided by investing activities			(30,423	)			(1,694	)			(179,645	)			43,751
Cash flows from financing activities:
Repurchase of common stock			(50,749	)			(2,082	)			(397,241	)			(752,082	)
Payments of convertible debt principal			(23,529	)			(14,754	)			(50,264	)			(66,759	)
Dividend payments			(16,797	)			(17,133	)			(67,878	)			(69,711	)
Payments related to net settlement of employee stock compensation awards			(202	)			(183	)			(20,788	)			(33,170	)
Issuance of common stock under stock purchase and stock option plans			175				—				34,259				28,733
Net cash used for financing activities			(91,102	)			(34,152	)			(501,912	)			(892,989	)
Effects of exchange rate changes on cash and cash equivalents			(6,645	)			(3,529	)			(876	)			3,889
Increase (decrease) in cash and cash equivalents			120,610				144,027				(97,202	)			(267,426	)
Cash and cash equivalents at beginning of period			636,961				710,746				854,773				1,122,199
Cash and cash equivalents at end of period		$	757,571			$	854,773			$	757,571			$	854,773

 

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GAAP to Non-GAAP Earnings Reconciliation

(In millions, except per share amounts)

 

	Quarter Ended
	December 31, 2023				% of Net Revenues								October 1, 2023				% of Net Revenues								December 31, 2022				% of Net Revenues
Net revenues	$	670.6											$	703.7											$	731.8
Gross profit GAAP and non-GAAP		379.5				56.6	%							398.3				56.6	%							420.4				57.4	%
Income from operations - GAAP		124.3				18.5	%							144.0				20.5	%							166.6				22.8	%
Restructuring and other (1)		6.0				0.9	%							6.9				1.0	%							(2.4	)			-0.3	%
Acquired intangible assets amortization		4.7				0.7	%							4.7				0.7	%							4.7				0.6	%
Income from operations - non-GAAP	$	135.0				20.1	%						$	155.6				22.1	%						$	168.9				23.1	%

 

									Net Income per Common Share																Net Income per Common Share																Net Income per Common Share
	December 31, 2023				% of Net Revenues				Basic				Diluted				October 1, 2023				% of Net Revenues				Basic				Diluted				December 31, 2022				% of Net Revenues				Basic				Diluted
Net income - GAAP	$	117.1				17.5	%		$	0.77			$	0.72			$	128.1				18.2	%		$	0.83			$	0.78			$	172.3				23.5	%		$	1.11			$	1.04
Restructuring and other (1)		6.0				0.9	%			0.04				0.04				6.9				1.0	%			0.04				0.04				(2.4	)			-0.3	%			(0.02	)			(0.01	)
Acquired intangible assets amortization		4.7				0.7	%			0.03				0.03				4.7				0.7	%			0.03				0.03				4.7				0.6	%			0.03				0.03
Pension mark-to-market adjustment (2)		2.6				0.4	%			0.02				0.02				0.1				0.0	%			0.00				0.00				(25.6	)			-3.5	%			(0.16	)			(0.15	)
Gain on foreign exchange option		(7.5	)			-1.1	%			(0.05	)			(0.05	)			—				—				—				—				—				—				—				—
Exclude discrete tax adjustments		3.3				0.5	%			0.02				0.02				(4.8	)			-0.7	%			(0.03	)			(0.03	)			(2.8	)			-0.4	%			(0.02	)			(0.02	)
Non-GAAP tax adjustments		1.0				0.1	%			0.01				0.01				(3.5	)			-0.5	%			(0.02	)			(0.02	)			4.5				0.6	%			0.03				0.03
Convertible share adjustment (3)		—				—				—				—				—				—				—				—				—				—				—				0.01
Net income - non-GAAP	$	127.2				19.0	%		$	0.83			$	0.79			$	131.5				18.7	%		$	0.86			$	0.80			$	150.8				20.6	%		$	0.97			$	0.92
GAAP and non-GAAP weighted average common shares - basic		152.8																153.8																155.8
GAAP weighted average common shares - diluted		162.1																164.1																165.5
Exclude dilutive shares related to convertible note transaction		(0.2	)															(0.6	)															(1.2	)
Non-GAAP weighted average common shares - diluted		161.9																163.4																164.3

 

 

	Quarter Ended
	December 31, 2023										October 1, 2023										December 31, 2022
Acquisition and divestiture related expenses	$	3.1									$	—									$	—
Employee severance		2.9										4.7										0.8
Contract termination		—										1.5										—
Gain on sale of asset		—										—										(3.4	)
Other		—										0.6										0.3
	$	6.0									$	6.9									$	(2.4	)

 

 

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	Twelve Months Ended
	December 31, 2023				% of Net Revenues								December 31, 2022				% of Net Revenues
Net Revenues	$	2,676.3											$	3,155.0
Gross profit GAAP and non-GAAP		1,536.7				57.4	%							1,867.2				59.2	%
Income from operations - GAAP		501.1				18.7	%							831.9				26.4	%
Restructuring and other (1)		21.3				0.8	%							17.2				0.5	%
Acquired intangible assets amortization		19.0				0.7	%							19.3				0.6	%
Equity modification charge (2)		5.9				0.2	%							—				—
Income from operations - non-GAAP	$	547.3				20.4	%						$	868.4				27.5	%

 

									Net Income per Common Share																Net Income per Common Share
	December 31, 2023				% of Net Revenues				Basic				Diluted				December 31, 2022				% of Net Revenues				Basic				Diluted
Net income - GAAP	$	448.8				16.8	%		$	2.91			$	2.73			$	715.5				22.7	%		$	4.52			$	4.22
Restructuring and other (1)		21.3				0.8	%			0.14				0.13				17.2				0.5	%			0.11				0.10
Acquired intangible assets amortization		19.0				0.7	%			0.12				0.12				19.3				0.6	%			0.12				0.11
Equity modification charge (2)		5.9				0.2	%			0.04				0.04				—				—				—				—
Pension mark-to-market adjustment (3)		2.7				0.1	%			0.02				0.02				(25.6	)			-0.8	%			(0.16	)			(0.15	)
Gain on foreign exchange option		(7.5	)			-0.3	%			(0.05	)			(0.05	)			—				—				—				—
Exclude discrete tax adjustments		(3.4	)			-0.1	%			(0.02	)			(0.02	)			(12.1	)			-0.4	%			(0.08	)			(0.07	)
Non-GAAP tax adjustments		(7.7	)			-0.3	%			(0.05	)			(0.05	)			(1.4	)			0.0	%			(0.01	)			(0.01	)
Convertible share adjustment (4)		—				—				—				0.01				—				—				—				0.05
Net income - non-GAAP	$	479.1				17.9	%		$	3.10			$	2.93			$	712.9				22.6	%		$	4.50			$	4.25
GAAP and non-GAAP weighted average common shares - basic		154.3																158.4
GAAP weighted average common shares - diluted		164.3																169.7
Exclude dilutive shares from convertible note		(0.6	)															(1.8	)
Non-GAAP weighted average common shares - diluted		163.7																167.9

 

 

	Twelve Months Ended
	December 31, 2023										December 31, 2022
Employee severance	$	14.8									$	2.9
Acquisition and divestiture related expenses		3.1										—
Contract termination		1.5										—
Litigation settlement		—										14.7
Gain on sale of asset		—										(3.4	)
Other		1.9										3.0
	$	21.3									$	17.2

 

 

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Page 10

 

GAAP to Non-GAAP Reconciliation of First Quarter 2024 guidance:

 

GAAP and non-GAAP first quarter revenue guidance:			$540 million			to	$590 million
GAAP net income per diluted share			$	0.19			$	0.35
Exclude acquired intangible assets amortization				0.03				0.03
Exclude restructuring and other charges				0.01				0.01
Non-GAAP tax adjustments				(0.01	)			(0.01	)
Non-GAAP net income per diluted share			$	0.22			$	0.38

 

For press releases and other information of interest to investors, please visit Teradyne’s homepage at http://www.teradyne.com.

 

Contact:	Teradyne, Inc.
	Andy Blanchard 978-370-2425
	Vice President of Corporate Relations

 

 

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v3.24.0.1

Document and Entity Information	Jan. 30, 2024
Cover [Abstract]
Entity Registrant Name	TERADYNE, INC.
Amendment Flag	false
Entity Central Index Key	0000097210
Document Type	8-K
Document Period End Date	Jan. 30, 2024
Entity Incorporation State Country Code	MA
Entity File Number	001-06462
Entity Tax Identification Number	04-2272148
Entity Address, Address Line One	600 Riverpark Drive
Entity Address, City or Town	North Reading
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01864
City Area Code	(978)
Local Phone Number	370-2700
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common Stock, par value $0.125 per share
Trading Symbol	TER
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false

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