Teradyne, Inc.
teradyne.comWhat Do They Do?
Sells automated test equipment to semiconductor and electronics makers, and collaborative and mobile robots to manufacturing and logistics businesses.
10-K for FY2025, filed Feb 19, 2026Teradyne, Inc. (“Teradyne”) was founded in 1960 and is a leading global provider of automated test equipment and robotics solutions.…View ↗
We design, manufacture, sell and support Semiconductor, Hard Disk Drive (“HDD”), and Solid State Disk (“SSD”) test systems and related…View ↗
Our Robotics segment is comprised of two product lines, our cobot arms under Universal Robots branding and our autonomous mobile robots…View ↗
Autonomous mobile robots (“AMRs”) are used in the manufacturing and logistics segments. Teradyne Robotics’ AMRs enhance productivity…View ↗
How Do They Make Money?
Customers mainly buy test products and robots, with payment tied to shipment or delivery; some services and bundled work are paid for as they are delivered over time.
10-K for FY2025, filed Feb 19, 2026
-
10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by product or service ↗
$3.2B
-
10-K for FY2025, filed Feb 19, 2026
$3.2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Sold outright
10-K for FY2025, filed Feb 19, 2026 |
83%
FY2022: 82%
|
Product, FY2025
$2.7B Sources
|
Sold outright |
|
Service
|
17%
FY2022: 18%
|
Service, FY2025
$529.8M Sources
|
Who Are Their Customers?
Semiconductor companies buy test systems mainly through direct sales; manufacturing and logistics customers buy robots mainly through distributors and original-equipment makers.
10-K for FY2025, filed Feb 19, 2026We design, manufacture, sell and support Semiconductor, Hard Disk Drive (“HDD”), and Solid State Disk (“SSD”) test systems and related…View ↗
Autonomous mobile robots (“AMRs”) are used in the manufacturing and logistics segments. Teradyne Robotics’ AMRs enhance productivity…View ↗
We have sales and service offices located throughout North America, Central America, Asia and Europe. We sell in these areas predominantly…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 17 cents of every revenue dollar as net income in FY2025 and turned 14 cents into free cash flow.
10-K for FY2025, filed Feb 19, 2026
$650.1MView ↗
10-K for FY2025, filed Feb 19, 2026
$554MView ↗
10-K for FY2025, filed Feb 19, 2026
$450.4MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 31, 2026
$374.5MView ↗
- ▲ +378%
- vs $78.4M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 31, 2026
Open tableView ↗
Shrinking. Revenue fell 14% in 4 years, from $3.7B in FY2021 to $3.2B in FY2025, about 4% a year.
Product Test grouping
The older report grouped storage, defense/aerospace and production-board testing in System Test; the latest report describes a Product Test segment covering board, wireless, photonic and defense/aerospace test offerings.
10-K for FY2022, filed Feb 22, 2023storage and system level test (“Storage Test”) systems, defense/aerospace (“Defense/Aerospace”) test instrumentation and systems, and…View ↗
HBM memory testing
The latest report includes HBM memory testing in the Magnum product line; the older report described Magnum coverage for flash and DRAM memory.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 19, 2026Our Magnum platform addresses the requirements of mass production test of memory devices for flash and DRAM memory. Flash and DRAM memory…View ↗
Our Magnum platform addresses the requirements of mass production test of memory devices for flash, DRAM, and HBM memory. Flash, DRAM and…View ↗
FLEX demand drivers
The latest report says data centers and AI drive FLEX demand, while the older report described consumer, automotive and broadband markets as the main volume drivers.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 19, 2026FLEX Test Platform purchases are made by IDMs, OSATs, Foundries and Fabless customers. The FLEX Test Platform has become a widely used test…View ↗
FLEX Test Platform purchases are made by IDMs, OSATs, Foundries and Fabless customers. The FLEX Test Platform has become a widely used test…View ↗
Who Do They Compete With?
Competes with Advantest, SPEA, Cohu, KUKA Robotics, ABB, FANUC, Staubli, Yaskawa Electric, Techman, Doosan, Jaka, AUBO Robotics, Omron, Rockwell Automation, Junion, HikRobot, Agilox, KION, Keysight Technologies, and Test Research
10-K for FY2025, filed Feb 19, 2026We face significant competition throughout the world in each of our reportable segments. Competitors in the Semiconductor Test segment…View ↗
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