Teradyne, Inc. (TER) financial statements: income statement, balance sheet and cash flow
Teradyne, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Teradyne, Inc. reported revenue of $3.2B (+13.1% year on year) and net income of $554.0M (+2.2% year on year).
Income statement
Teradyne, Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenues
$3.2B
$2.8B
$2.7B
$3.2B
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)
$1.3B
$1.2B
$1.1B
$1.3B
Gross profit
$1.9B
$1.6B
$1.5B
$1.9B
Selling and administrative
$648.9M
$617.0M
$577.3M
$558.1M
Engineering and development
$504.6M
$460.9M
$418.1M
$440.6M
Acquired intangible assets amortization
$15.3M
$18.8M
$19.0M
$19.3M
Restructuring and other
$38.6M
$15.6M
$21.3M
$17.2M
Gain on sale of business
$0
($57.1M)
—
—
Total operating expenses
$1.2B
$1.1B
$1.0B
$1.0B
Income from operations
$650.1M
$593.8M
$501.1M
$831.9M
Interest income
($15.7M)
($24.8M)
($27.3M)
($6.4M)
Interest expense
$6.8M
$3.6M
$3.8M
$3.7M
Other (income) expense, net
$5.6M
$5.9M
($962.0K)
($5.8M)
Income before income taxes and equity in net earnings of affiliate
$653.3M
$609.1M
—
—
Income tax provision
$79.3M
$59.5M
$76.8M
$124.9M
Income before equity in net earnings of affiliate
$574.0M
$549.6M
—
—
Equity in net earnings of affiliate
($19.9M)
($7.2M)
—
—
Net income
$554.0M
$542.4M
$448.8M
$715.5M
Basic
$3.48
$3.41
$2.91
$4.52
Diluted
$3.47
$3.32
$2.73
$4.22
Weighted average common shares—basic
159.1M
159.1M
154.3M
158.4M
Weighted average common shares—diluted
159.7M
163.3M
164.3M
169.7M
Teradyne, Inc. income statement, quarters
Line item
Jun 28, 2026 · Q2
Mar 29, 2026 · Q1
Sep 28, 2025 · Q3
Jun 29, 2025 · Q2
Total revenues
$1.3B
$1.3B
$769.2M
$651.8M
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)
$534.4M
$501.5M
$319.9M
$278.8M
Gross profit
$794.6M
$780.9M
$449.3M
$373.0M
Selling and administrative
$192.5M
$166.7M
$169.1M
$157.8M
Engineering and development
$156.3M
$135.6M
$124.8M
$118.4M
Acquired intangible assets amortization
$5.0M
$2.2M
$3.5M
$3.7M
Restructuring and other
$3.0M
$3.4M
$6.6M
$2.4M
Total operating expenses
$356.8M
$307.9M
$304.0M
$282.3M
Income from operations
$437.8M
$473.0M
$145.3M
$90.7M
Interest income
($3.2M)
($2.4M)
($3.2M)
($4.4M)
Interest expense
$3.0M
$3.2M
$1.3M
$805.0K
Other (income) expense, net
($5.6M)
$6.6M
($915.0K)
($2.3M)
Income before income taxes and equity in net earnings of affiliate
$443.6M
$465.7M
$148.1M
$96.6M
Income tax provision
$66.8M
$62.2M
$23.3M
$12.3M
Income before equity in net earnings of affiliate
$376.8M
$403.5M
$124.8M
$84.3M
Equity in net earnings of affiliate
($1.9M)
($4.6M)
($5.2M)
($5.9M)
Consolidated net income
$374.9M
—
—
—
Less: Net income attributable to noncontrolling interests
$352.0K
—
—
—
Net income attributable to Teradyne
$374.5M
$398.9M
$119.6M
$78.4M
Basic
$2.39
$2.55
$0.75
$0.49
Diluted
$2.38
$2.53
$0.75
$0.49
Weighted average common shares—basic
156.5M
156.4M
158.6M
160.0M
Weighted average common shares—diluted
157.7M
157.6M
159.1M
160.1M
Balance sheet
Teradyne, Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$293.8M
$553.4M
$757.6M
$854.8M
Marketable securities
$28.2M
$46.3M
$62.2M
$39.6M
Accounts receivable, less allowance for credit losses of $2,410 and $2,111 at December 31, 2025 and December 31, 2024, respectively
$786.9M
$471.4M
$422.1M
$491.1M
Inventories, net
$379.6M
$298.5M
$310.0M
$325.0M
Prepayments
$427.6M
$429.1M
$549.0M
$533.0M
Other current assets
$33.3M
$17.7M
$38.0M
$14.4M
Total current assets
$1.9B
$1.8B
$2.2B
$2.3B
Property, plant and equipment, net
$563.0M
$508.2M
$445.5M
$418.7M
Operating lease right-of-use assets, net
$76.6M
$70.2M
$73.4M
$73.7M
Marketable securities
$126.3M
$124.1M
$117.4M
$110.8M
Deferred tax assets
$275.3M
$222.4M
$175.8M
$142.8M
Retirement plans assets
$12.1M
$12.0M
$11.5M
$11.8M
Equity method investment
$537.1M
$494.5M
—
—
Other assets
$71.7M
$49.6M
$38.6M
$28.9M
Acquired intangible assets, net
$51.3M
$15.9M
$35.4M
$53.5M
Goodwill
$521.0M
$395.4M
$415.7M
$403.2M
Total assets
$4.2B
$3.7B
$3.5B
$3.5B
Accounts payable
$269.2M
$134.8M
$180.1M
$139.7M
Accrued employees' compensation and withholdings
$255.0M
$205.0M
$191.8M
$212.3M
Deferred revenue and customer advances
$153.1M
$107.7M
$99.8M
$148.3M
Other accrued liabilities
$111.8M
$90.8M
$114.7M
$112.3M
Operating lease liabilities
$19.3M
$18.7M
$17.5M
$18.6M
Short-term debt
$200.0M
—
—
—
Income taxes payable
$106.7M
$67.6M
$48.7M
$65.0M
Total current liabilities
$1.1B
$624.6M
$660.0M
$746.3M
Retirement plans liabilities
$144.9M
$133.3M
$132.1M
$116.0M
Long-term deferred revenue and customer advances
$50.9M
$40.5M
$37.3M
$45.1M
Deferred tax liabilities
$5.4M
$1.0M
$183.0K
$3.3M
Long-term other accrued liabilities
$7.6M
$7.4M
$20.0M
$16.0M
Long-term operating lease liabilities
$63.9M
$57.9M
$65.1M
$64.2M
Long-term income taxes payable
$0
$24.6M
$44.3M
$59.1M
Total liabilities
$1.4B
$889.4M
$960.9M
$1.0B
Common stock,$0.125 par value,1,000,000 shares authorized; 156,088 and 161,722 shares issued and outstanding at December 31,2025, and December 31, 2024, respectively
19.5M
20.2M
19.1M
19.5M
Additional paid-in capital
$2.0B
$1.9B
$1.8B
$1.8B
Accumulated other comprehensive loss
$41.9M
($81.2M)
($27.0M)
($49.9M)
Retained earnings
$744.4M
$970.8M
$706.5M
$725.7M
Total shareholders' equity
$2.8B
$2.8B
$2.5B
$2.5B
Total liabilities and shareholders' equity
$4.2B
$3.7B
$3.5B
$3.5B
Teradyne, Inc. balance sheet, quarters
Line item
Jun 28, 2026
Mar 29, 2026
Sep 28, 2025
Jun 29, 2025
Cash and cash equivalents
$349.5M
$241.9M
$272.7M
$339.3M
Marketable securities
$5.3M
$3.7M
$25.0M
$28.6M
Accounts receivable, less allowance for credit losses of $2,835 and $2,410 at June 28, 2026 and December 31, 2025, respectively
$1.1B
$1.1B
$593.8M
$433.0M
Inventories, net
$403.3M
$362.8M
$366.8M
$350.5M
Prepayments
$468.2M
$438.6M
$469.2M
$413.0M
Other current assets
$30.0M
$18.7M
$22.6M
$19.2M
Total current assets
$2.4B
$2.2B
$1.8B
$1.6B
Property, plant and equipment, net
$634.8M
$585.7M
$569.9M
$559.8M
Operating lease right-of-use assets, net
$94.3M
$76.2M
$62.4M
$67.4M
Marketable securities
$162.3M
$148.4M
$129.7M
$120.7M
Deferred tax assets
$289.6M
$281.8M
$253.5M
$239.8M
Retirement plans assets
$12.1M
$12.1M
$12.7M
$11.9M
Equity method investment
$515.0M
$522.6M
$538.0M
$545.4M
Other assets
$85.8M
$70.7M
$73.1M
$54.5M
Acquired intangible assets, net
$101.9M
$49.0M
$54.7M
$58.2M
Goodwill
$663.8M
$514.2M
$519.5M
$520.5M
Total assets
$4.9B
$4.4B
$4.0B
$3.8B
Accounts payable
$383.4M
$344.7M
$227.8M
$172.0M
Accrued employees' compensation and withholdings
$220.7M
$156.2M
$203.8M
$176.5M
Deferred revenue and customer advances
$193.8M
$197.1M
$133.1M
$124.0M
Other accrued liabilities
$133.4M
$122.5M
$138.7M
$110.1M
Operating lease liabilities
$17.3M
$18.4M
$19.0M
$19.8M
Short-term debt
$0
$0
$200.0M
—
Income taxes payable
$164.9M
$173.3M
$72.5M
$72.9M
Total current liabilities
$1.1B
$1.0B
$995.0M
$675.3M
Retirement plans liabilities
$151.4M
$143.4M
$142.7M
$139.2M
Long-term deferred revenue and customer advances
$63.0M
$58.4M
$43.9M
$40.4M
Deferred tax liabilities
$12.9M
$4.6M
$6.9M
$6.8M
Long-term other accrued liabilities
$28.6M
$7.6M
$8.3M
$8.2M
Long-term operating lease liabilities
$82.9M
$64.0M
$49.7M
$54.7M
Total liabilities
$1.5B
$1.3B
$1.2B
$924.6M
Common stock, $0.125 par value, 1,000,000 shares authorized; 156,378 and 156,088 shares issued and outstanding at June 28, 2026, and December 31, 2025, respectively
19.5M
19.6M
19.7M
19.9M
Additional paid-in capital
$2.0B
$2.0B
$2.0B
$1.9B
Accumulated other comprehensive loss (gain)
$10.8M
$20.4M
$37.4M
$41.0M
Retained earnings
$1.4B
$1.1B
$686.8M
$834.9M
Total Teradyne shareholders' equity
$3.4B
$3.1B
$2.7B
$2.8B
Equity attributable to noncontrolling interests
$36.2M
—
—
—
Total equity
$3.5B
—
—
—
Total liabilities and equity
$4.9B
$4.4B
$4.0B
$3.8B
Cash flow statement
Teradyne, Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$554.0M
$542.4M
$448.8M
$715.5M
Depreciation
$111.4M
$101.0M
$92.1M
$90.8M
Stock-based compensation
$64.0M
$60.1M
$57.7M
$48.2M
Equity in net earnings of affiliate
$19.9M
$7.2M
—
—
Losses (gains) on investments
($5.4M)
$10.1M
($14.9M)
$10.0M
Provision for excess and obsolete inventory
$25.8M
$18.9M
$28.4M
$31.5M
Amortization
$16.5M
$18.8M
$18.8M
$19.9M
Loss (gain) on sale of business
$0
($57.1M)
—
—
Deferred taxes
($52.1M)
($46.4M)
($37.6M)
($38.7M)
Retirement plan actuarial losses (gains)
$683.0K
($4.4M)
$2.7M
($25.6M)
Other
$12.0M
($2.3M)
($955.0K)
$2.4M
Accounts receivable
($305.6M)
($52.7M)
$71.0M
$50.6M
Inventories
($28.4M)
$8.7M
$5.3M
($80.8M)
Prepayments and other assets
($6.6M)
$119.5M
($43.1M)
($140.7M)
Accounts payable and other liabilities
$208.8M
($54.4M)
$46.8M
($60.5M)
Deferred revenue and customer advances
$52.6M
$12.2M
($57.2M)
($6.2M)
Retirement plans contributions
($8.5M)
($5.8M)
($5.5M)
($5.1M)
Income taxes
$15.1M
($3.6M)
($26.9M)
($29.8M)
Net cash provided by operating activities
$674.4M
$672.2M
$585.2M
$577.9M
Purchases of property, plant and equipment
($224.0M)
($198.1M)
($159.6M)
($163.2M)
Acquisition of businesses, net of cash and cash equivalents acquired
($144.4M)
—
$0
$0
Purchase of investment in a business
($25.5M)
($532.1M)
—
—
Purchases of marketable securities
($33.0M)
($45.8M)
($161.9M)
($287.4M)
Issuance of convertible loan
$0
$0
($5.0M)
—
Proceeds from the sale of a business, net of cash and cash equivalents sold
$0
$90.3M
—
—
Proceeds from maturities of marketable securities
$49.0M
$38.4M
$85.0M
$222.9M
Proceeds from sales of marketable securities
$9.3M
$24.0M
$61.4M
$268.1M
Proceeds from insurance
$0
$873.0K
$460.0K
$0
Net cash used for investing activities
($368.6M)
($622.3M)
($179.6M)
$43.8M
Proceeds from borrowings on revolving credit facility
$250.0M
$185.0M
—
—
Repayments of borrowings on revolving credit facility
($50.0M)
($185.0M)
—
—
Dividend payments
($76.3M)
($76.4M)
($67.9M)
($69.7M)
Repurchase of common stock
($702.1M)
($198.6M)
($397.2M)
($752.1M)
Payments related to net settlement of employee stock compensation awards
($15.7M)
($14.1M)
($20.8M)
($33.2M)
Payments of convertible debt principal
$0
$0
($50.3M)
($66.8M)
Issuance of common stock under stock purchase and stock option plans
31.9M
37.3M
34.3M
28.7M
Net cash used for financing activities
($562.3M)
($251.8M)
($501.9M)
($893.0M)
Effects of exchange rate changes on cash and cash equivalents
($3.2M)
($2.3M)
($876.0K)
$3.9M
Decrease increase in cash and cash equivalents
($259.6M)
($204.2M)
($97.2M)
($267.4M)
Cash and cash equivalents at beginning of year
$553.4M
$757.6M
$854.8M
$1.1B
Cash and cash equivalents at end of year
$293.8M
$553.4M
$757.6M
$854.8M
Interest
$3.2M
$767.0K
$296.0K
$1.5M
Capital expenditures incurred but not yet paid:
$3.5M
$3.9M
$2.7M
$1.8M
Teradyne, Inc. cash flow statement, quarters
Line item
Jun 28, 2026 · YTD
Mar 29, 2026 · Q1
Sep 28, 2025 · YTD
Jun 29, 2025 · YTD
Consolidated net income
$773.8M
$398.9M
$296.8M
$177.3M
Depreciation
$58.9M
$30.2M
$79.5M
$52.8M
Stock-based compensation
$42.0M
$21.9M
$47.6M
$32.0M
Equity in net earnings of affiliate
$6.6M
$4.6M
$16.7M
$11.5M
Losses (gains) on investments
($4.9M)
$3.3M
($4.7M)
($1.1M)
Provision for excess and obsolete inventory
$8.3M
$4.7M
$19.2M
$12.3M
Amortization
$7.4M
$2.4M
$12.7M
$8.9M
Deferred taxes
($18.2M)
($7.8M)
($29.1M)
($15.0M)
Retirement plan actuarial losses (gains)
($157.0K)
—
($673.0K)
$127.0K
Other
$2.8M
$2.3M
$3.3M
$3.2M
Accounts receivable
($302.2M)
($322.0M)
($111.8M)
$49.5M
Inventories
($7.9M)
$20.8M
($34.6M)
($23.7M)
Prepayments and other assets
($59.6M)
$4.0M
($22.6M)
$30.9M
Accounts payable and other liabilities
$121.8M
($15.0M)
$121.4M
$17.1M
Deferred revenue and customer advances
$50.9M
$52.0M
$25.7M
$13.1M
Retirement plans contributions
($3.1M)
($1.5M)
($7.0M)
($5.6M)
Income taxes
$58.0M
$66.3M
($19.7M)
($19.6M)
Net cash provided by operating activities
$734.3M
$265.1M
$392.8M
$343.7M
Purchases of property, plant and equipment
($155.4M)
($64.7M)
($161.1M)
($114.4M)
Acquisition of businesses, net of cash and cash equivalents acquired
($165.6M)
$0
($144.4M)
($144.4M)
Purchase of investment in a business
($10.0M)
$0
($25.5M)
($5.4M)
Purchases of marketable securities
($48.2M)
($40.8M)
($27.5M)
($17.1M)
Proceeds from maturities of marketable securities
$11.1M
$10.9M
$41.6M
$32.6M
Proceeds from sales of marketable securities
$29.6M
$27.3M
$9.2M
$8.5M
Net cash used for investing activities
($338.6M)
($67.3M)
($307.7M)
($240.2M)
Proceeds from borrowings on revolving credit facility
$350.0M
$50.0M
$200.0M
$0
Repayments of borrowings on revolving credit facility
($550.0M)
($250.0M)
$0
$0
Dividend payments
($40.7M)
($20.4M)
($57.6M)
($38.6M)
Repurchase of common stock
($74.2M)
($5.5M)
($518.7M)
($274.9M)
Payments related to net settlement of employee stock compensation awards
($41.1M)
($39.4M)
($15.3M)
($15.0M)
Issuance of common stock under stock purchase and stock option plans
15.1M
15.1M
30.1M
14.8M
Net cash used for financing activities
($341.0M)
($250.2M)
($361.4M)
($313.6M)
Effects of exchange rate changes on cash and cash equivalents