NASDAQ: TER
TERADYNE, INCCIK 0000097210 · SIC 3825 · Instruments for Measuring
Large
Revenue $3.2B
Assets $4.9B
as of Sep 6, 2026
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8-K
Filed Aug 10, 2026
· Period ending Aug 7, 2026
Summary not yet generated.
10-Q
Filed Jul 31, 2026
· Period ending Jun 28, 2026
TER Q2 revenue doubles to $1.33B on AI compute/memory surge; acquires MLTP
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8-K
Filed Jul 29, 2026
· Period ending Jul 28, 2026
Summary not yet generated.
8-K
Filed May 11, 2026
· Period ending May 8, 2026
Summary not yet generated.
10-Q
Filed May 1, 2026
· Period ending Mar 29, 2026
Summary not yet generated.
8-K
Filed Apr 29, 2026
· Period ending Apr 28, 2026
Summary not yet generated.
10-K
Filed Feb 19, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-Q
Filed Aug 1, 2025
· Period ending Jun 29, 2025
Summary not yet generated.
10-K
Filed Feb 20, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
Latest financial statements
From 10-Q filed Jul 31, 2026 (period ending Jun 28, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share amount)
| Description | Three months ended June 28, 2026 | Three months ended June 29, 2025 | Six months ended June 28, 2026 | Six months ended June 29, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Products | 1,191,327 | 522,657 | 2,334,298 | 1,084,614 |
| Services | 137,663 | 129,140 | 277,186 | 252,863 |
| Total revenues | 1,328,990 | 651,797 | 2,611,484 | 1,337,477 |
| Cost of revenues: | ||||
| Cost of products | 487,221 | 232,422 | 940,667 | 456,564 |
| Cost of services | 47,151 | 46,363 | 95,249 | 92,564 |
| Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) | 534,372 | 278,785 | 1,035,916 | 549,128 |
| Gross profit | 794,618 | 373,012 | 1,575,568 | 788,349 |
| Operating expenses: | ||||
| Selling and administrative | 192,520 | 157,782 | 359,257 | 315,039 |
| Engineering and development | 156,284 | 118,382 | 291,845 | 236,570 |
| Acquired intangible assets amortization | 4,972 | 3,733 | 7,196 | 8,306 |
| Restructuring and other | 3,032 | 2,372 | 6,457 | 16,887 |
| Total operating expenses | 356,808 | 282,269 | 664,755 | 576,802 |
| Income from operations | 437,810 | 90,743 | 910,813 | 211,547 |
| Non-operating (income) expense: | ||||
| Interest income | (3,182) | (4,351) | (5,604) | (9,427) |
| Interest expense | 2,964 | 805 | 6,115 | 1,600 |
| Other (income) expense, net | (5,591) | (2,270) | 1,006 | 3,790 |
| Income before income taxes and equity in net earnings of affiliate | 443,619 | 96,559 | 909,296 | 215,584 |
| Income tax provision | 66,788 | 12,260 | 128,945 | 26,804 |
| Income before equity in net earnings of affiliate | 376,831 | 84,299 | 780,351 | 188,780 |
| Equity in net earnings of affiliate | (1,946) | (5,927) | (6,557) | (11,511) |
| Consolidated net income | 374,885 | 78,372 | 773,794 | 177,269 |
| Less: Net income attributable to noncontrolling interests | 352 | — | 352 | — |
| Net income attributable to Teradyne | 374,533 | 78,372 | 773,442 | 177,269 |
| Earnings per common share attributable to Teradyne: | ||||
| Basic | 2.39 | 0.49 | 4.94 | 1.10 |
| Diluted | 2.38 | 0.49 | 4.91 | 1.10 |
| Weighted average common shares—basic | 156,470 | 159,967 | 156,440 | 160,734 |
| Weighted average common shares—diluted | 157,693 | 160,135 | 157,664 | 161,065 |
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except per share amount)
| Description | June 28, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 349,538 | 293,751 |
| Marketable securities | 5,291 | 28,247 |
| Accounts receivable, less allowance for credit losses of $2,835 and $2,410 at June 28, 2026 and December 31, 2025, respectively | 1,109,711 | 786,913 |
| Inventories, net | 403,297 | 379,552 |
| Prepayments | 468,174 | 427,564 |
| Other current assets | 30,011 | 33,273 |
| Total current assets | 2,366,022 | 1,949,300 |
| Property, plant and equipment, net | 634,839 | 562,999 |
| Operating lease right-of-use assets, net | 94,302 | 76,635 |
| Marketable securities | 162,274 | 126,256 |
| Deferred tax assets | 289,582 | 275,265 |
| Retirement plans assets | 12,140 | 12,059 |
| Equity method investment | 514,957 | 537,098 |
| Other assets | 85,774 | 71,697 |
| Acquired intangible assets, net | 101,910 | 51,271 |
| Goodwill | 663,817 | 521,019 |
| Total assets | 4,925,617 | 4,183,599 |
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | 383,422 | 269,185 |
| Accrued employees’ compensation and withholdings | 220,690 | 254,973 |
| Deferred revenue and customer advances | 193,840 | 153,124 |
| Other accrued liabilities | 133,399 | 111,845 |
| Operating lease liabilities | 17,258 | 19,340 |
| Short-term debt | — | 200,000 |
| Income taxes payable | 164,907 | 106,740 |
| Total current liabilities | 1,113,516 | 1,115,207 |
| Retirement plans liabilities | 151,436 | 144,874 |
| Long-term deferred revenue and customer advances | 62,985 | 50,888 |
| Deferred tax liabilities | 12,929 | 5,378 |
| Long-term other accrued liabilities | 28,569 | 7,601 |
| Long-term operating lease liabilities | 82,869 | 63,899 |
| Total liabilities | 1,452,304 | 1,387,847 |
| Commitments and contingencies (Note R) | ||
| EQUITY | ||
| Common stock, $0.125 par value, 1,000,000 shares authorized; 156,378 and 156,088 shares issued and outstanding at June 28, 2026, and December 31, 2025, respectively | 19,547 | 19,511 |
| Additional paid-in capital | 2,003,232 | 1,989,911 |
| Accumulated other comprehensive loss (gain) | 10,756 | 41,895 |
| Retained earnings | 1,403,627 | 744,435 |
| Total Teradyne shareholders’ equity | 3,437,162 | 2,795,752 |
| Equity attributable to noncontrolling interests | 36,151 | — |
| Total equity | 3,473,313 | 2,795,752 |
| Total liabilities and equity | 4,925,617 | 4,183,599 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 28, 2026 | Six months ended June 29, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Consolidated net income | 773,794 | 177,269 |
| Adjustments to reconcile consolidated net income from operations to net cash provided by operating activities: | ||
| Depreciation | 58,884 | 52,835 |
| Stock-based compensation | 41,964 | 32,031 |
| Equity in net earnings of affiliate | 6,557 | 11,511 |
| Losses (gains) on investments | (4,923) | (1,078) |
| Provision for excess and obsolete inventory | 8,281 | 12,347 |
| Amortization | 7,421 | 8,856 |
| Deferred taxes | (18,230) | (14,998) |
| Retirement plan actuarial losses (gains) | (157) | 127 |
| Other | 2,760 | 3,168 |
| Changes in operating assets and liabilities, net of businesses acquired: | ||
| Accounts receivable | (302,176) | 49,496 |
| Inventories | (7,852) | (23,707) |
| Prepayments and other assets | (59,621) | 30,879 |
| Accounts payable and other liabilities | 121,803 | 17,135 |
| Deferred revenue and customer advances | 50,863 | 13,056 |
| Retirement plans contributions | (3,098) | (5,576) |
| Income taxes | 57,992 | (19,625) |
| Net cash provided by operating activities | 734,262 | 343,726 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (155,439) | (114,429) |
| Acquisition of businesses, net of cash and cash equivalents acquired | (165,611) | (144,380) |
| Purchase of investment in a business | (10,030) | (5,368) |
| Purchases of marketable securities | (48,235) | (17,150) |
| Proceeds from maturities of marketable securities | 11,069 | 32,603 |
| Proceeds from sales of marketable securities | 29,615 | 8,487 |
| Net cash used for investing activities | (338,631) | (240,237) |
| Cash flows from financing activities: | ||
| Proceeds from borrowings on revolving credit facility | 350,000 | — |
| Repayments of borrowings on revolving credit facility | (550,000) | — |
| Dividend payments | (40,710) | (38,584) |
| Repurchase of common stock | (74,238) | (274,873) |
| Payments related to net settlement of employee stock compensation awards | (41,113) | (14,954) |
| Issuance of common stock under stock purchase and stock option plans | 15,101 | 14,792 |
| Net cash used for financing activities | (340,960) | (313,619) |
| Effects of exchange rate changes on cash and cash equivalents | 1,116 | (3,972) |
| (Decrease) increase in cash and cash equivalents | 55,787 | (214,102) |
| Cash and cash equivalents at beginning of period | 293,751 | 553,354 |
| Cash and cash equivalents at end of period | 349,538 | 339,252 |
| Non-cash investing activities: | ||
| Capital expenditures incurred but not yet paid: | 9,791 | 4,722 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share amount); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗