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Stock Repurchase Program | 12 Months Ended
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Dec. 31, 2024
Disclosure of Repurchase Agreements [Abstract] |
Stock Repurchase Program | V. STOCK REPURCHASE PROGRAM In January 2023, Teradyne’s Board of Directors cancelled the January 2021 repurchase program and approved a new repurchase program for up to $2.0 billion of common stock. In 2024, Teradyne repurchased 1.7 million shares of common stock for a total cost of $199.4 million, exclusive of tax, at an average price of $114.63 per share. In 2023, Teradyne repurchased 3.9 million shares of common stock for $400.5 million at an average price of $102.47 per share. The cumulative repurchases under the January 2023 repurchase program as of December 31, 2024 were 5.6 million shares of common stock for $599.9 million at an average price per share of $106.21. The total cost of shares acquired includes commissions and related excise tax and is recorded as a reduction to retained earnings.

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