XML 65 R53.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Segment, Geographic and Significant Customer Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment information for the years ended December 31, 2024, 2023 and 2022 is as follows:
| Semiconductor Test |  |  | Robotics |  |  | Reportable Segments |  |  | All Other |  |  | Corporate and Eliminations |  |  | Consolidated |
| (in thousands) |
2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 2,123,920 |  |  | $ | 364,848 |  |  | $ | 2,488,768 |  |  | $ | 331,112 |  |  | $ | — |  |  | $ | 2,819,880 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  | 866,353 |  |  |  | 155,080 |  |  |  | 1,021,433 |  |  |  | 120,400 |  |  |  | — |  |  |  | 1,141,833 |
Engineering and development |  | 295,614 |  |  |  | 67,306 |  |  |  | 362,920 |  |  |  | 46,556 |  |  |  | — |  |  |  | 409,476 |
Selling and marketing |  | 187,384 |  |  |  | 113,327 |  |  |  | 300,711 |  |  |  | 50,317 |  |  |  | — |  |  |  | 351,028 |
General and administrative |  | 89,952 |  |  |  | 54,328 |  |  |  | 144,280 |  |  |  | 21,282 |  |  |  | — |  |  |  | 165,562 |
Other segment items (1)(2) |  | 126,449 |  |  |  | 52,359 |  |  |  | 178,808 |  |  |  | 26,833 |  |  |  | (62,746 | ) |  |  | 142,895 |
Income (loss) before taxes (2) |  | 558,168 |  |  |  | (77,552 | ) |  |  | 480,616 |  |  |  | 65,724 |  |  |  | 62,746 |  |  |  | 609,086 |
Total assets (3) |  | 1,287,219 |  |  |  | 742,017 |  |  |  | 2,029,236 |  |  |  | 213,749 |  |  |  | 1,465,730 |  |  |  | 3,708,714 |
Property additions |  | 168,130 |  |  |  | 22,275 |  |  |  | 190,405 |  |  |  | 7,690 |  |  |  | — |  |  |  | 198,095 |
Depreciation and amortization expense |  | 85,737 |  |  |  | 27,668 |  |  |  | 113,405 |  |  |  | 6,336 |  |  |  | — |  |  |  | 119,741 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 1,957,188 |  |  | $ | 375,183 |  |  | $ | 2,332,371 |  |  | $ | 343,927 |  |  | $ | — |  |  | $ | 2,676,298 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  | 846,570 |  |  |  | 151,833 |  |  |  | 998,403 |  |  |  | 118,040 |  |  |  | — |  |  |  | 1,116,443 |
Engineering and development |  | 257,387 |  |  |  | 68,668 |  |  |  | 326,055 |  |  |  | 44,538 |  |  |  | — |  |  |  | 370,593 |
Selling and marketing |  | 162,068 |  |  |  | 107,157 |  |  |  | 269,225 |  |  |  | 50,131 |  |  |  | — |  |  |  | 319,356 |
General and administrative |  | 77,786 |  |  |  | 56,483 |  |  |  | 134,269 |  |  |  | 25,104 |  |  |  | — |  |  |  | 159,373 |
Other segment items (1)(2) |  | 114,873 |  |  |  | 45,294 |  |  |  | 160,167 |  |  |  | 26,657 |  |  |  | (1,863 | ) |  |  | 184,961 |
Income (loss) before taxes (2) |  | 498,504 |  |  |  | (54,252 | ) |  |  | 444,252 |  |  |  | 79,457 |  |  |  | 1,863 |  |  |  | 525,572 |
Total assets (3) |  | 1,388,842 |  |  |  | 737,323 |  |  |  | 2,126,165 |  |  |  | 191,055 |  |  |  | 1,169,605 |  |  |  | 3,486,824 |
Property additions |  | 113,664 |  |  |  | 40,739 |  |  |  | 154,403 |  |  |  | 5,239 |  |  |  | — |  |  |  | 159,642 |
Depreciation and amortization expense |  | 78,568 |  |  |  | 25,527 |  |  |  | 104,095 |  |  |  | 7,021 |  |  |  | (230 | ) |  |  | 110,886 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 2,350,603 |  |  | $ | 403,138 |  |  | $ | 2,753,741 |  |  | $ | 401,053 |  |  | $ | 251 |  |  | $ | 3,155,045 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  | 970,972 |  |  |  | 161,383 |  |  |  | 1,132,355 |  |  |  | 125,522 |  |  |  | — |  |  |  | 1,257,877 |
Engineering and development |  | 272,296 |  |  |  | 64,670 |  |  |  | 336,966 |  |  |  | 44,111 |  |  |  | — |  |  |  | 381,077 |
Selling and marketing |  | 156,520 |  |  |  | 101,584 |  |  |  | 258,104 |  |  |  | 51,888 |  |  |  | — |  |  |  | 309,992 |
General and administrative |  | 75,544 |  |  |  | 57,845 |  |  |  | 133,389 |  |  |  | 20,785 |  |  |  | — |  |  |  | 154,174 |
Other segment items (1)(2) |  | 131,464 |  |  |  | 33,785 |  |  |  | 165,249 |  |  |  | 34,587 |  |  |  | 11,704 |  |  |  | 211,540 |
Income (loss) before taxes (2) |  | 743,807 |  |  |  | (16,129 | ) |  |  | 727,678 |  |  |  | 124,160 |  |  |  | (11,453 | ) |  |  | 840,385 |
Total assets (3) |  | 1,435,766 |  |  |  | 665,638 |  |  |  | 2,101,403 |  |  |  | 207,079 |  |  |  | 1,192,769 |  |  |  | 3,501,252 |
Property additions |  | 126,899 |  |  |  | 25,711 |  |  |  | 152,610 |  |  |  | 10,639 |  |  |  | — |  |  |  | 163,249 |
Depreciation and amortization expense |  | 76,922 |  |  |  | 25,339 |  |  |  | 102,261 |  |  |  | 7,836 |  |  |  | 578 |  |  |  | 110,675 |
(1) For each reportable segment, the other segment items category includes equity and variable compensation, acquired intangible assets amortization, and restructuring and other charges. (2) Included in Corporate and Eliminations are interest income, interest expense, net foreign exchange gains (losses), intercompany eliminations, acquired intangible amortization, gain on the sale of a business, pension and postretirement plan actuarial gains (losses), legal and environmental fees, contingent consideration adjustments, acquisition and divestiture related expenses, contract termination settlement charge, and an expense for the modification of Teradyne's former chief executive officer's outstanding equity awards. (3) Total assets are attributable to each segment. In 2023, Semiconductor Test includes $34.8 million of total assets classified as assets held for sale. See Note E: "Dispositions" for additional information. Corporate assets consist of cash and cash equivalents, marketable securities and certain other assets.
Revenues by Country | Information as to Teradyne’s revenues by country is as follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Revenues from customers (1): |  |  |  |  |  |  |  |  |
Korea |  | $ | 695,669 |  |  | $ | 394,690 |  |  | $ | 544,816 |
Taiwan |  |  | 601,997 |  |  |  | 384,842 |  |  |  | 626,424 |
China |  |  | 375,186 |  |  |  | 314,899 |  |  |  | 491,798 |
United States |  |  | 374,333 |  |  |  | 433,661 |  |  |  | 469,948 |
Europe |  |  | 251,285 |  |  |  | 273,784 |  |  |  | 268,384 |
Japan |  |  | 159,827 |  |  |  | 281,742 |  |  |  | 162,920 |
Singapore |  |  | 90,113 |  |  |  | 116,969 |  |  |  | 99,503 |
Malaysia |  |  | 62,376 |  |  |  | 89,197 |  |  |  | 142,203 |
Philippines |  |  | 53,636 |  |  |  | 189,419 |  |  |  | 124,107 |
Thailand |  |  | 49,268 |  |  |  | 91,818 |  |  |  | 137,356 |
Rest of the World |  |  | 106,190 |  |  |  | 105,277 |  |  |  | 87,586 |
|  | $ | 2,819,880 |  |  | $ | 2,676,298 |  |  | $ | 3,155,045 |
(1) Revenues attributable to a country are based on location of customer site.
Long-Lived Assets by Geographic Area | Long-lived assets by geographic area:
|  | United States |  |  | Foreign (1) |  |  | Total |
|  | (in thousands) |
December 31, 2024 |  | $ | 328,733 |  |  | $ | 249,623 |  |  | $ | 578,356 |
December 31, 2023 (2) |  | $ | 322,445 |  |  | $ | 207,995 |  |  | $ | 530,440 |
(1) As of December 31, 2024 and December 31, 2023, long-lived assets attributable to Denmark were $85.1 million and $78.1 million, respectively. Long-lived assets attributable to Singapore were $74.8 million as of December 31, 2024. (2) Includes $11.5 million of long-lived assets classified as assets held for sale. See Note E: "Dispositions" for additional information.

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration