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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregated Revenue by Primary Geographical Market, Major Product Line and Timing of Revenue Recognition | The following table provides information about disaggregated revenue by timing of revenue recognition, primary geographical market, and major product lines.
|  | Semiconductor Test |  |  | System Test |  |  | Robotics |  |  | Wireless Test |  |  |  |
|  | System on-a-Chip |  |  | Memory |  |  |  |  |  | Universal Robots |  |  | Mobile Industrial Robots |  |  |  |  |  | Total |
| (in thousands) |
For the Three Months Ended March 31, 2024 (1) |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in Time |  | $ | 229,592 |  |  | $ | 102,436 |  |  | $ | 58,073 |  |  | $ | 65,893 |  |  | $ | 19,290 |  |  | $ | 20,914 |  |  | $ | 496,198 |
Over Time |  |  | 72,716 |  |  |  | 7,510 |  |  |  | 17,249 |  |  |  | 1,868 |  |  |  | 603 |  |  |  | 3,675 |  |  |  | 103,621 |
Total |  | $ | 302,308 |  |  | $ | 109,946 |  |  | $ | 75,322 |  |  | $ | 67,761 |  |  | $ | 19,893 |  |  | $ | 24,589 |  |  | $ | 599,819 |
Geographical Market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific |  | $ | 270,567 |  |  | $ | 95,606 |  |  | $ | 25,781 |  |  | $ | 11,625 |  |  | $ | 2,954 |  |  | $ | 17,141 |  |  | $ | 423,674 |
Americas |  |  | 22,551 |  |  |  | 9,052 |  |  |  | 36,594 |  |  |  | 20,005 |  |  |  | 14,625 |  |  |  | 5,824 |  |  |  | 108,651 |
Europe, Middle East and Africa |  |  | 9,190 |  |  |  | 5,288 |  |  |  | 12,947 |  |  |  | 36,131 |  |  |  | 2,314 |  |  |  | 1,624 |  |  |  | 67,494 |
Total |  | $ | 302,308 |  |  | $ | 109,946 |  |  | $ | 75,322 |  |  | $ | 67,761 |  |  | $ | 19,893 |  |  | $ | 24,589 |  |  | $ | 599,819 |
For the Three Months Ended April 2, 2023 (1) |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in Time |  | $ | 273,275 |  |  | $ | 61,258 |  |  | $ | 56,857 |  |  | $ | 70,029 |  |  | $ | 15,959 |  |  | $ | 35,363 |  |  | $ | 512,741 |
Over Time |  |  | 73,559 |  |  |  | 6,917 |  |  |  | 17,774 |  |  |  | 2,008 |  |  |  | 1,218 |  |  |  | 3,312 |  |  |  | 104,788 |
Total |  | $ | 346,834 |  |  | $ | 68,175 |  |  | $ | 74,631 |  |  | $ | 72,037 |  |  | $ | 17,177 |  |  | $ | 38,675 |  |  | $ | 617,529 |
Geographical Market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific |  | $ | 283,259 |  |  | $ | 63,695 |  |  | $ | 39,590 |  |  | $ | 13,217 |  |  | $ | 1,502 |  |  | $ | 23,231 |  |  | $ | 424,494 |
Americas |  |  | 41,568 |  |  |  | 2,944 |  |  |  | 28,980 |  |  |  | 20,447 |  |  |  | 11,806 |  |  |  | 12,846 |  |  |  | 118,591 |
Europe, Middle East and Africa |  |  | 22,007 |  |  |  | 1,536 |  |  |  | 6,061 |  |  |  | 38,373 |  |  |  | 3,869 |  |  |  | 2,598 |  |  |  | 74,444 |
Total |  | $ | 346,834 |  |  | $ | 68,175 |  |  | $ | 74,631 |  |  | $ | 72,037 |  |  | $ | 17,177 |  |  | $ | 38,675 |  |  | $ | 617,529 |
(1) Include s $0.9 million and $1.3 million in the three months ended March 31, 2024 and in the three months ended April 2, 2023, respectively, for leases of Teradyne’s systems recognized outside Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers.”
Deferred Revenue and Customer Advances | Deferred revenue and customer advances consist of the following and are included in short and long-term deferred revenue and customer advances on the balance sheet:
|  | March 31, 2024 |  |  | December 31, 2023 |
|  | (in thousands) |
Maintenance, service and training |  | $ | 61,404 |  |  | $ | 66,458 |
Customer advances, undelivered elements and other |  |  | 39,189 |  |  |  | 35,731 |
Extended warranty |  |  | 34,509 |  |  |  | 34,897 |
Total deferred revenue and customer advances |  | $ | 135,102 |  |  | $ | 137,086 |

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