TER FY 2024 Earnings Report — Teradyne, Inc. Revenue & Financial Results | Market Cap Arena

Teradyne, Inc.TER

FY 2024 Earnings

Reported February 20, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.7B	—	5.4%
Op. Income	$594M	—	$501M	—	18.5%
Gross Margin	58.5%	—	57.4%	—	1.1pp
Net Margin	19.2%	—	16.8%	—	2.5pp
EPS (Diluted)	$3.32	—	$2.73	—	21.6%
Free Cash Flow	$474M	—	$426M	—	11.4%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.6B
R&D Expenses	$461M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$617M
Other Expenses	-$23M
Operating Expenses	$1.1B
Cost & Expenses	$2.2B
OPERATING INCOME	$594M
Interest Income	$25M
Interest Expense	$4M
Other Income/Expenses	$8M
INCOME BEFORE TAX	$602M
Income Tax Expense	$60M
Net Income from Continuing Ops	$542M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$542M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$542M
D&A	$120M
EBIT	$613M
EBITDA	$732M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.6B
R&D Expenses	$461M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$617M
Other Expenses	-$23M
Operating Expenses	$1.1B
Cost & Expenses	$2.2B
OPERATING INCOME	$594M
Interest Income	$25M
Interest Expense	$4M
Other Income/Expenses	$8M
INCOME BEFORE TAX	$602M
Income Tax Expense	$60M
Net Income from Continuing Ops	$542M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$542M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$542M
D&A	$120M
EBIT	$613M
EBITDA	$732M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$542M
Depreciation & Amortization	$120M
Stock-Based Compensation	$0
Deferred Income Tax	-$46M
Other Non-Cash Items	$33M
Change in Working Capital	$24M
OPERATING CASH FLOW	$672M
Capital Expenditure	-$198M
Acquisitions (Net)	$90M
Purchases of Investments	-$578M
Sales/Maturities of Investments	$62M
Other Investing Activities	$873.0K
NET CASH FROM INVESTING	-$622M
Net Debt Issuance	$0
Common Stock Repurchased	-$199M
Common Dividends Paid	-$76M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$252M
FREE CASH FLOW	$474M
Net Change in Cash	-$204M

Balance Sheet

Item	Amount
Cash & Equivalents	$553M
Short-Term Investments	$46M
Net Receivables	$471M
Inventory	$664M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$578M
Goodwill	$395M
Intangible Assets	$16M
Long-Term Investments	$619M
Tax Assets	$222M
Other Non-Current Assets	$62M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$3.7B
Account Payables	$135M
Short-Term Debt	$19M
Deferred Revenue	$108M
Other Current Liabilities	$91M
TOTAL CURRENT LIABILITIES	$625M
Long-Term Debt	$58M
Deferred Revenue NC	$41M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$107M
TOTAL NON-CURRENT LIABILITIES	$265M
TOTAL LIABILITIES	$889M
Common Stock	$20M
Additional Paid-In Capital	$1.9B
Retained Earnings	$971M
Treasury Stock	$0
Accum. Other Comp. Income	-$81M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$135M
Net Debt	-$419M