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Revenue | 12 Months Ended
--- | ---
Dec. 31, 2022
Revenue from Contract with Customer [Abstract] |
Revenue |
E. | REVENUE
Disaggregation of Revenue The following table provides information about disaggregated revenue by timing of revenue recognition, primary geographical market, and major product lines.
|  | Semiconductor Test |  |  |  |  |  | Robotics |  |  |  |  |  |  |  |  |  |
|  | System-on- a-chip |  |  | Memory |  |  | System Test |  |  | Universal Robots |  |  | Mobile Industrial Robots |  |  | Wireless Test |  |  | Corporate and Eliminations |  |  | Total |
|  |  |  |  |  |  |  |  |  |  | (in thousands) |  |  |  |  |  |  |  |  |  |
For the Year Ended December 31, 2022 (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in Time |  | $ | 1,445,238 |  |  | $ | 344,693 |  |  | $ | 402,074 |  |  | $ | 317,514 |  |  | $ | 73,812 |  |  | $ | 189,040 |  |  | $ | 251 |  |  | $ | 2,772,622 |
Over Time |  |  | 261,646 |  |  |  | 29,013 |  |  |  | 67,272 |  |  |  | 8,218 |  |  |  | 3,594 |  |  |  | 12,680 |  |  |  | — |  |  |  | 382,423 |
Total |  | $ | 1,706,884 |  |  | $ | 373,706 |  |  | $ | 469,346 |  |  | $ | 325,732 |  |  | $ | 77,406 |  |  | $ | 201,720 |  |  | $ | 251 |  |  | $ | 3,155,045 |
Geographical Market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific |  | $ | 1,514,964 |  |  | $ | 360,176 |  |  | $ | 294,350 |  |  | $ | 73,930 |  |  | $ | 15,724 |  |  | $ | 140,767 |  |  | $ | — |  |  | $ | 2,399,911 |
Americas |  |  | 122,575 |  |  |  | 11,987 |  |  |  | 146,040 |  |  |  | 112,203 |  |  |  | 35,213 |  |  |  | 47,350 |  |  |  | 251 |  |  |  | 475,619 |
Europe, Middle East and Africa |  |  | 69,345 |  |  |  | 1,543 |  |  |  | 28,956 |  |  |  | 139,599 |  |  |  | 26,469 |  |  |  | 13,603 |  |  |  | — |  |  |  | 279,515 |
Total |  | $ | 1,706,884 |  |  | $ | 373,706 |  |  | $ | 469,346 |  |  | $ | 325,732 |  |  | $ | 77,406 |  |  | $ | 201,720 |  |  | $ | 251 |  |  | $ | 3,155,045 |
For the Year Ended December 31, 2021 (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in Time |  | $ | 1,989,979 |  |  | $ | 365,441 |  |  | $ | 409,383 |  |  | $ | 305,512 |  |  | $ | 60,884 |  |  | $ | 204,247 |  |  | $ | — |  |  | $ | 3,335,446 |
Over Time |  |  | 256,751 |  |  |  | 30,171 |  |  |  | 58,356 |  |  |  | 5,670 |  |  |  | 3,839 |  |  |  | 12,648 |  |  |  | — |  |  |  | 367,435 |
Total |  | $ | 2,246,730 |  |  | $ | 395,612 |  |  | $ | 467,739 |  |  | $ | 311,182 |  |  | $ | 64,723 |  |  | $ | 216,895 |  |  | $ | — |  |  | $ | 3,702,881 |
Geographical Market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific |  | $ | 2,076,647 |  |  | $ | 381,444 |  |  | $ | 306,812 |  |  | $ | 81,456 |  |  | $ | 12,919 |  |  | $ | 172,103 |  |  | $ | — |  |  | $ | 3,031,381 |
Americas |  |  | 102,702 |  |  |  | 10,665 |  |  |  | 135,230 |  |  |  | 94,897 |  |  |  | 26,069 |  |  |  | 36,173 |  |  |  | — |  |  |  | 405,736 |
Europe, Middle East and Africa |  |  | 67,381 |  |  |  | 3,503 |  |  |  | 25,697 |  |  |  | 134,829 |  |  |  | 25,735 |  |  |  | 8,619 |  |  |  | — |  |  |  | 265,764 |
Total |  | $ | 2,246,730 |  |  | $ | 395,612 |  |  | $ | 467,739 |  |  | $ | 311,182 |  |  | $ | 64,723 |  |  | $ | 216,895 |  |  | $ | — |  |  | $ | 3,702,881 |
For the Year Ended December 31, 2020 (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in Time |  | $ | 1,659,414 |  |  | $ | 363,324 |  |  | $ | 348,454 |  |  | $ | 214,212 |  |  | $ | 55,533 |  |  | $ | 163,834 |  |  | $ | (604 | ) |  | $ | 2,804,167 |
Over Time |  |  | 217,975 |  |  |  | 18,884 |  |  |  | 61,275 |  |  |  | 7,269 |  |  |  | 2,717 |  |  |  | 9,182 |  |  |  | — |  |  |  | 317,302 |
Total |  | $ | 1,877,389 |  |  | $ | 382,208 |  |  | $ | 409,729 |  |  | $ | 221,481 |  |  | $ | 58,250 |  |  | $ | 173,016 |  |  | $ | (604 | ) |  | $ | 3,121,469 |
Geographical Market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific |  | $ | 1,744,593 |  |  | $ | 364,000 |  |  | $ | 258,521 |  |  | $ | 60,277 |  |  | $ | 6,471 |  |  | $ | 143,969 |  |  | $ | — |  |  | $ | 2,577,831 |
Americas |  |  | 77,671 |  |  |  | 12,999 |  |  |  | 128,482 |  |  |  | 64,164 |  |  |  | 30,186 |  |  |  | 22,544 |  |  |  | (604 | ) |  |  | 335,442 |
Europe, Middle East and Africa |  |  | 55,125 |  |  |  | 5,209 |  |  |  | 22,726 |  |  |  | 97,040 |  |  |  | 21,593 |  |  |  | 6,503 |  |  |  | — |  |  |  | 208,196 |
Total |  | $ | 1,877,389 |  |  | $ | 382,208 |  |  | $ | 409,729 |  |  | $ | 221,481 |  |  | $ | 58,250 |  |  | $ | 173,016 |  |  | $ | (604 | ) |  | $ | 3,121,469 |
(1) | Includes $8.2 million, $13.2 million and $10.0 million in 2022, 2021 and 2020, respectively, for leases of Teradyne’s systems recognized outside of ASC 606: “Revenue from Contracts with Customers.”
Contract Balances For the years ended December 31, 2022, 2021 and 2020, Teradyne recognized $112.4 million, $102.5 million and $91.0 million, respectively, that was included within the deferred revenue and customer advances balances at the beginning of the period. This revenue primarily relates to undelivered hardware, extended warranties, training, application support, and post contract support. Each of these represents a distinct performance obligation. As of December 31, 2022, Teradyne ha d $1,235.2 million of unsatisfied performance obligations. Teradyne expects to recognize 89% of the remaining performance obligation in the next 12 months and 11% in 1-3 years.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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