Teradyne, Inc. (TER) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.28B | 1.08B | 769.21M | 651.8M | 685.68M | 752.88M | 737.3M | 729.88M | 599.82M | 670.6M | 703.73M | 684.44M | 617.53M | 731.84M | 827.07M | 840.77M | 755.37M | 885.05M | 950.5M | 1.09B |
| Revenue Growth % | 87.04% | 43.89% | 4.33% | -10.7% | 14.31% | 12.27% | 4.77% | 6.64% | -2.87% | -8.37% | -14.91% | -18.59% | -18.25% | -17.31% | -12.99% | -22.56% | -3.36% | 16.61% | 15.99% | 29.46% |
| Cost of Goods Sold | 501.55M | 460.49M | 319.9M | 278.79M | 270.34M | 305.6M | 300.78M | 304.04M | 260.54M | 291.06M | 305.44M | 281.94M | 261.11M | 311.39M | 341.69M | 334.38M | 300.44M | 358M | 379.5M | 438.74M |
| COGS % of Revenue | 39.11% | 42.51% | 41.59% | 42.77% | 39.43% | 40.59% | 40.8% | 41.66% | 43.44% | 43.4% | 43.4% | 41.19% | 42.28% | 42.55% | 41.31% | 39.77% | 39.77% | 40.45% | 39.93% | 40.41% |
| Gross Profit | 780.95M | 622.85M | 449.31M | 373.01M | 415.34M | 447.29M | 436.51M | 425.84M | 339.28M | 379.54M | 398.29M | 402.49M | 356.42M | 420.45M | 485.38M | 506.39M | 454.93M | 527.05M | 571M | 646.99M |
| Gross Margin % | 60.89% | 57.49% | 58.41% | 57.23% | 60.57% | 59.41% | 59.2% | 58.34% | 56.56% | 56.6% | 56.6% | 58.81% | 57.72% | 57.45% | 58.69% | 60.23% | 60.23% | 59.55% | 60.07% | 59.59% |
| Gross Profit Growth % | 88.03% | 39.25% | 2.93% | -12.41% | 22.42% | 17.85% | 9.6% | 5.8% | -4.81% | -9.73% | -17.94% | -20.52% | -21.65% | -20.23% | -15% | -21.73% | -1.45% | 17.18% | 24.42% | 37.23% |
| Operating Expenses | 307.95M | 312.67M | 304M | 282.27M | 294.53M | 293.7M | 284.45M | 215.48M | 261.51M | 255.22M | 254.32M | 262.58M | 263.56M | 253.86M | 253.87M | 258.4M | 269.08M | 270.61M | 248.6M | 258.12M |
| OpEx % of Revenue | 24.01% | 28.86% | 39.52% | 43.31% | 42.95% | 39.01% | 38.58% | 29.52% | 43.6% | 38.06% | 36.14% | 38.37% | 42.68% | 34.69% | 30.7% | 30.73% | 35.62% | 30.58% | 26.15% | 23.77% |
| Selling, General & Admin | 166.74M | 162.79M | 169.14M | 157.78M | 157.26M | 155.74M | 157.65M | 154.47M | 149.19M | 142.34M | 138.33M | 145.69M | 150.96M | 142.75M | 135.63M | 139.53M | 140.19M | 142.75M | 134.83M | 140.19M |
| SG&A % of Revenue | 13% | 15.03% | 21.99% | 24.21% | 22.93% | 20.69% | 21.38% | 21.16% | 24.87% | 21.23% | 19.66% | 21.29% | 24.45% | 19.51% | 16.4% | 16.6% | 18.56% | 16.13% | 14.19% | 12.91% |
| Research & Development | 135.56M | 143.26M | 124.76M | 118.38M | 118.19M | 128.39M | 117.47M | 111.82M | 103.2M | 102.21M | 104.41M | 105.71M | 105.76M | 108.81M | 111.72M | 111.95M | 108.12M | 109.97M | 107.22M | 110.02M |
| R&D % of Revenue | 10.57% | 13.22% | 16.22% | 18.16% | 17.24% | 17.05% | 15.93% | 15.32% | 17.21% | 15.24% | 14.84% | 15.44% | 17.13% | 14.87% | 13.51% | 13.32% | 14.31% | 12.42% | 11.28% | 10.13% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 473M | 310.18M | 145.3M | 90.74M | 120.8M | 153.59M | 152.06M | 210.37M | 77.77M | 124.32M | 143.97M | 139.91M | 92.86M | 166.59M | 231.51M | 247.99M | 185.85M | 256.44M | 322.4M | 388.87M |
| Operating Margin % | 36.88% | 28.63% | 18.89% | 13.92% | 17.62% | 20.4% | 20.62% | 28.82% | 12.97% | 18.54% | 20.46% | 20.44% | 15.04% | 22.76% | 27.99% | 29.5% | 24.6% | 28.97% | 33.92% | 35.82% |
| Operating Income Growth % | 291.55% | 101.96% | -4.45% | -56.86% | 55.33% | 23.54% | 5.62% | 50.36% | -16.25% | -25.37% | -37.81% | -43.58% | -50.03% | -35.04% | -28.19% | -36.23% | -20.24% | 9.55% | 19.56% | 78.42% |
| EBITDA | 475.23M | 345.59M | 175.47M | 122.13M | 151.1M | 184.71M | 182.35M | 240.57M | 105.89M | 152.27M | 172.1M | 167.11M | 120.47M | 194.35M | 259.87M | 274.81M | 213.59M | 286.43M | 352.7M | 420.33M |
| EBITDA Margin % | 37.05% | 31.9% | 22.81% | 18.74% | 22.04% | 24.53% | 24.73% | 32.96% | 17.65% | 22.71% | 24.46% | 24.42% | 19.51% | 26.56% | 31.42% | 32.69% | 28.28% | 32.36% | 37.11% | 38.71% |
| EBITDA Growth % | 214.5% | 87.1% | -3.78% | -49.23% | 42.7% | 21.31% | 5.96% | 43.96% | -12.1% | -21.65% | -33.77% | -39.19% | -43.6% | -32.15% | -26.32% | -34.62% | -19.93% | 7.62% | 17.64% | 67.72% |
| D&A (Non-Cash Add-back) | 2.22M | 35.41M | 30.16M | 31.39M | 30.3M | 31.13M | 30.29M | 30.2M | 28.12M | 27.95M | 28.13M | 27.2M | 27.61M | 27.76M | 28.36M | 26.82M | 27.74M | 29.99M | 30.3M | 31.46M |
| EBIT | 473M | 290M | 145.7M | 97.36M | 119.82M | 158.39M | 159.79M | 220.93M | 73.56M | 140.62M | 145.24M | 145.45M | 98.07M | 196.25M | 226.98M | 239.5M | 181.37M | 257.65M | 301.54M | 389.59M |
| Net Interest Income | -7.33M | -3.63M | 6.63M | 3.55M | 4.28M | 4.53M | 4.27M | 5.18M | 7.21M | 8.05M | 5.91M | 5.31M | 4.27M | 2.39M | 539K | 38K | -309K | -1.91M | -3.16M | -4.93M |
| Interest Income | 0 | 0 | 9.43M | 4.35M | 5.08M | 5.11M | 5.08M | 6.71M | 7.87M | 8.86M | 6.87M | 6.35M | 5.26M | 3.41M | 1.32M | 951K | 703K | 561K | 626K | 633K |
| Interest Expense | 7.33M | 3.63M | 2.8M | 805K | 795K | 589K | 808K | 1.53M | 661K | 812K | 963K | 1.04M | 987K | 1.01M | 779K | 913K | 1.01M | 2.47M | 3.79M | 5.57M |
| Other Income/Expense | -7.33M | -23.81M | -2.4M | 5.82M | -7.36M | -1.92M | 5.84M | 9.04M | -4.87M | 15.48M | 308K | 4.49M | 4.22M | 28.65M | -5.31M | -9.4M | -5.5M | -1.25M | -24.64M | -4.85M |
| Pretax Income | 465.68M | 286.37M | 142.9M | 96.56M | 113.44M | 151.66M | 157.91M | 219.4M | 72.9M | 139.81M | 144.28M | 144.4M | 97.08M | 195.24M | 226.2M | 238.59M | 180.36M | 255.18M | 297.75M | 384.03M |
| Pretax Margin % | 36.31% | 26.43% | 18.58% | 14.81% | 16.54% | 20.14% | 21.42% | 30.06% | 12.15% | 20.85% | 20.5% | 21.1% | 15.72% | 26.68% | 27.35% | 28.38% | 23.88% | 28.83% | 31.33% | 35.37% |
| Income Tax | 62.16M | 29.15M | 23.34M | 18.19M | 14.54M | 5.41M | 12.26M | 33.13M | 8.71M | 22.75M | 16.16M | 24.35M | 13.55M | 22.94M | 42.71M | 40.8M | 18.43M | 31.14M | 41.04M | 55.71M |
| Effective Tax Rate % | 13.35% | 10.18% | 16.34% | 18.84% | 12.82% | 3.57% | 7.76% | 15.1% | 11.94% | 16.27% | 11.2% | 16.86% | 13.96% | 11.75% | 18.88% | 17.1% | 10.22% | 12.2% | 13.78% | 14.51% |
| Net Income | 398.91M | 257.22M | 119.56M | 78.37M | 98.9M | 146.25M | 145.65M | 186.27M | 64.2M | 117.05M | 128.12M | 120.05M | 83.53M | 172.3M | 183.49M | 197.79M | 161.93M | 224.04M | 256.72M | 328.32M |
| Net Margin % | 31.1% | 23.74% | 15.54% | 12.02% | 14.42% | 19.43% | 19.75% | 25.52% | 10.7% | 17.46% | 18.21% | 17.54% | 13.53% | 23.54% | 22.18% | 23.52% | 21.44% | 25.31% | 27.01% | 30.24% |
| Net Income Growth % | 303.36% | 75.87% | -17.91% | -57.93% | 54.05% | 24.94% | 13.69% | 55.16% | -23.15% | -32.06% | -30.18% | -39.3% | -48.41% | -23.09% | -28.53% | -39.76% | -21.21% | 14.11% | 15.27% | 73.8% |
| Net Income (Continuing) | 403.52M | 257.22M | 119.56M | 78.37M | 98.9M | 146.25M | 145.65M | 186.27M | 64.2M | 117.05M | 128.12M | 120.05M | 83.53M | 172.3M | 183.49M | 197.79M | 161.93M | 224.04M | 256.72M | 328.32M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.53 | 1.63 | 0.75 | 0.49 | 0.61 | 0.90 | 0.89 | 1.14 | 0.40 | 0.72 | 0.78 | 0.73 | 0.50 | 1.04 | 1.10 | 1.16 | 0.92 | 1.29 | 1.41 | 1.76 |
| EPS Growth % | 314.75% | 81.87% | -15.73% | -57.02% | 52.5% | 24.48% | 14.1% | 56.16% | -20% | -30.77% | -29.09% | -37.07% | -45.65% | -19.38% | -21.99% | -34.09% | -15.6% | 22.86% | 16.53% | 67.62% |
| EPS (Basic) | 2.55 | 1.64 | 0.75 | 0.49 | 0.61 | 0.90 | 0.89 | 1.18 | 0.42 | 0.77 | 0.83 | 0.78 | 0.54 | 1.11 | 1.10 | 1.16 | 0.92 | 1.41 | 1.56 | 1.98 |
| Diluted Shares Outstanding | 157.64M | 157.65M | 159.1M | 161.06M | 162M | 163.18M | 164.25M | 163.47M | 162.35M | 162.11M | 164.05M | 164.75M | 166.31M | 165.47M | 166.73M | 171.16M | 175.57M | 178.02M | 181.99M | 186.75M |
| Basic Shares Outstanding | 156.41M | 156.41M | 158.59M | 159.97M | 161.5M | 162.48M | 163M | 157.8M | 153.05M | 152.81M | 153.76M | 154.76M | 155.9M | 155.76M | 166.73M | 170.51M | 175.57M | 162.77M | 164.58M | 166M |
| Dividend Payout Ratio | 5.1% | 7.29% | 15.88% | 24.47% | 19.62% | 13.32% | 13.43% | 10.2% | 28.62% | 14.35% | 13.19% | 14.18% | 20.55% | 9.94% | 9.34% | 8.87% | 11.05% | 7.26% | 6.4% | 5.06% |