Teradyne, Inc. (TER)

Nasdaq: TER · Instruments For Meas & Testing of Electricity & Elec Signals · North Reading, MA · filing with the SEC since 1994

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Grade6.4

◀ Past 5.9● Present 6.7▶ Future 6.4

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 19, 2026	Feb 20, 2025	Feb 22, 2024	Feb 22, 2023	Feb 23, 2022	Feb 22, 2021	Mar 2, 2020	Mar 1, 2019	Mar 1, 2018	Mar 1, 2017
Revenue	3,190,024	2,819,880	2,676,298	3,155,045	3,702,881	3,121,469	2,294,965	2,100,802	2,136,606	1,753,250
Cost of revenue	1,332,679	1,170,953	1,139,550	1,287,894	1,496,225	1,335,728	955,136	880,408	915,153	794,642
Gross profit	1,857,345	1,648,927	1,536,748	1,867,151	2,206,656	1,785,741	1,339,829	1,220,394	1,221,453^r	958,608^r
Research and development	504,596	460,876	418,089	440,591	427,609	374,964	322,824	301,505	307,305^r	292,159^r
Selling, general and administrative	648,874	617,047	577,315	558,103	547,559	464,769	437,084	390,669	348,913^r	316,544^r
Sales and marketing	366,572	351,028	319,356	309,992	·	·	·	·	·	·
General and administrative	168,610	165,562	159,373	154,174	·	·	·	·	·	·
Total operating expenses	1,207,294	1,055,139	1,035,680	1,035,212	1,005,936	857,334	786,175	746,597	696,110^r	1,021,578^r
Operating income	650,051	593,788	501,068	831,939	1,200,720	928,407	553,654	473,797	525,343^r	-62,970^r
Interest expense	6,846	3,587	3,806	3,719	17,820	24,182	22,224^r	21,780^r	21,663	3,637
Interest and investment income	15,696	24,772	27,348	6,379	2,627	5,982	16,990^r	20,458^r	17,805	9,296
Share of profit of equity-method investments	-19,914	-7,211	0	0	·	·	·	·	·	·
Other income (expense), net	-5,641	-5,887	962	5,786	-24,572	-9,192	-22,648^r	-4,674^r	2,927^r	2,251^r
Income before income taxes	653,260	609,086	525,572	840,385	1,160,955	901,015	525,772	467,801	524,412	-55,060
Income tax expense	79,299	59,503	76,820	124,884	146,366	116,868	58,304	16,022	266,720	-11,639
Net income including non-controlling interests	554,047	542,372	448,752	715,501	1,014,589	784,147	467,468	451,779	257,692	-43,421
Net income	554,047	542,372	448,752	715,501	1,014,589	784,147	467,468	451,779	257,692	-43,421
Earnings per share, basic	3.48	3.41	2.91	4.52	6.15	4.72	2.74	2.41	1.30	-0.21
Earnings per share, diluted	3.47	3.32	2.73	4.22	5.53	4.28	2.60	2.35	1.28	-0.21
Weighted average shares, basic	159,119	159,083	154,310	158,434	164,960	166,120	170,425	187,672	198,069	202,578
Weighted average shares, diluted	159,719	163,314	164,304	169,734	183,625	183,042	179,459	192,605	201,641	202,578

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton TER · research, not advice