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v3.25.0.1

Revenue | 12 Months Ended
--- | ---
Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Revenue | D. 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 |  |  | Reportable Segments |  |  | All Other |  |  |  |  |  |  |
|  | System-on-a-chip |  |  | Memory |  |  | IST |  |  |  |  |  |  |  |  |  |  |  | Corporate and Eliminations |  |  | Total |
| (in thousands) |
For the Year Ended December 31, 2024 (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in Time |  | $ | 1,255,579 |  |  | $ | 472,279 |  |  | $ | 63,288 |  |  | $ | 356,384 |  |  | $ | 2,147,530 |  |  | $ | 266,955 |  |  | $ | — |  |  | $ | 2,414,485 |
Over Time |  |  | 281,545 |  |  |  | 29,509 |  |  |  | 21,720 |  |  | $ | 8,464 |  |  |  | 341,238 |  |  |  | 64,157 |  |  |  | — |  |  | $ | 405,395 |
Total |  | $ | 1,537,124 |  |  | $ | 501,788 |  |  | $ | 85,008 |  |  | $ | 364,848 |  |  | $ | 2,488,768 |  |  | $ | 331,112 |  |  | $ | — |  |  | $ | 2,819,880 |
Geographical Market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific |  | $ | 1,400,149 |  |  | $ | 466,214 |  |  | $ | 78,719 |  |  | $ | 69,353 |  |  | $ | 2,014,435 |  |  | $ | 113,263 |  |  | $ | — |  |  | $ | 2,127,698 |
Americas |  |  | 92,386 |  |  |  | 15,017 |  |  |  | 6,289 |  |  | $ | 147,607 |  |  |  | 261,299 |  |  |  | 174,084 |  |  |  | — |  |  | $ | 435,383 |
Europe, Middle East and Africa |  |  | 44,589 |  |  |  | 20,557 |  |  |  | — |  |  | $ | 147,888 |  |  |  | 213,034 |  |  |  | 43,765 |  |  |  | — |  |  | $ | 256,799 |
Total |  | $ | 1,537,124 |  |  | $ | 501,788 |  |  | $ | 85,008 |  |  | $ | 364,848 |  |  | $ | 2,488,768 |  |  | $ | 331,112 |  |  | $ | — |  |  | $ | 2,819,880 |
For the Year Ended December 31, 2023 (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in Time |  | $ | 1,141,882 |  |  | $ | 356,417 |  |  | $ | 115,220 |  |  | $ | 363,238 |  |  | $ | 1,976,757 |  |  | $ | 282,558 |  |  | $ | — |  |  | $ | 2,259,315 |
Over Time |  |  | 290,739 |  |  |  | 29,598 |  |  |  | 23,332 |  |  | $ | 11,945 |  |  |  | 355,614 |  |  |  | 61,369 |  |  |  | — |  |  | $ | 416,983 |
Total |  | $ | 1,432,621 |  |  | $ | 386,015 |  |  | $ | 138,552 |  |  | $ | 375,183 |  |  | $ | 2,332,371 |  |  | $ | 343,927 |  |  | $ | — |  |  | $ | 2,676,298 |
Geographical Market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific |  | $ | 1,214,322 |  |  | $ | 366,151 |  |  | $ | 135,502 |  |  | $ | 73,736 |  |  | $ | 1,789,711 |  |  | $ | 103,300 |  |  | $ | — |  |  | $ | 1,893,011 |
Americas |  |  | 117,728 |  |  |  | 11,367 |  |  |  | 3,050 |  |  | $ | 147,952 |  |  |  | 280,097 |  |  |  | 199,299 |  |  |  | — |  |  | $ | 479,396 |
Europe, Middle East and Africa |  |  | 100,571 |  |  |  | 8,497 |  |  |  | — |  |  | $ | 153,495 |  |  |  | 262,563 |  |  |  | 41,328 |  |  |  | — |  |  | $ | 303,891 |
Total |  | $ | 1,432,621 |  |  | $ | 386,015 |  |  | $ | 138,552 |  |  | $ | 375,183 |  |  | $ | 2,332,371 |  |  | $ | 343,927 |  |  | $ | — |  |  | $ | 2,676,298 |
For the Year Ended December 31, 2022 (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in Time |  | $ | 1,445,238 |  |  | $ | 344,693 |  |  | $ | 248,919 |  |  | $ | 391,326 |  |  | $ | 2,430,176 |  |  | $ | 342,195 |  |  | $ | 251 |  |  | $ | 2,772,622 |
Over Time |  |  | 261,646 |  |  |  | 29,013 |  |  |  | 21,094 |  |  | $ | 11,812 |  |  |  | 323,565 |  |  |  | 58,858 |  |  |  | — |  |  | $ | 382,423 |
Total |  | $ | 1,706,884 |  |  | $ | 373,706 |  |  | $ | 270,013 |  |  | $ | 403,138 |  |  | $ | 2,753,741 |  |  | $ | 401,053 |  |  | $ | 251 |  |  | $ | 3,155,045 |
Geographical Market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific |  | $ | 1,514,964 |  |  | $ | 360,176 |  |  | $ | 266,729 |  |  | $ | 89,654 |  |  | $ | 2,231,523 |  |  | $ | 168,388 |  |  | $ | — |  |  | $ | 2,399,911 |
Americas |  |  | 122,575 |  |  |  | 11,987 |  |  |  | 3,284 |  |  | $ | 147,416 |  |  |  | 285,262 |  |  |  | 190,106 |  |  |  | 251 |  |  | $ | 475,619 |
Europe, Middle East and Africa |  |  | 69,345 |  |  |  | 1,543 |  |  |  | — |  |  | $ | 166,068 |  |  |  | 236,956 |  |  |  | 42,559 |  |  |  | — |  |  | $ | 279,515 |
Total |  | $ | 1,706,884 |  |  | $ | 373,706 |  |  | $ | 270,013 |  |  | $ | 403,138 |  |  | $ | 2,753,741 |  |  | $ | 401,053 |  |  | $ | 251 |  |  | $ | 3,155,045 |
(1) Includes $3.7 m illion, $5.2 million and $8.2 million in 2024, 2023 and 2022, 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, 2024, 2023 and 2022, Teradyne recognized $72.7 million, $108.1 million and $112.4 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, 2024, Teradyne had $1,162.2 million of unsatisfied performance obligations. Teradyne expects to recognize 88% of the remaining performance obligation in the next 12 months and the remainder in 1-3 year s.

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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