TERADYNE, INC Revenue Disclosure
E. REVENUE
Disaggregation of Revenue
The following table provides information about disaggregated revenue by timing of revenue recognition, primary geographical market, and major product lines.
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Semiconductor |
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Robotics |
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Product Test |
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Total |
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System-on-a-chip |
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Memory |
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IST |
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(in thousands) |
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For the Year Ended December 31, 2025 |
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Timing of Revenue Recognition |
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Point in Time |
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$ |
1,604,419 |
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|
$ |
468,345 |
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|
$ |
108,852 |
|
|
$ |
300,083 |
|
|
$ |
282,252 |
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|
$ |
2,763,951 |
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Over Time |
|
|
285,266 |
|
|
|
36,558 |
|
|
|
20,304 |
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|
$ |
8,212 |
|
|
|
75,733 |
|
|
|
426,073 |
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Total |
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$ |
1,889,685 |
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|
$ |
504,903 |
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|
$ |
129,156 |
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|
$ |
308,295 |
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|
$ |
357,985 |
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|
$ |
3,190,024 |
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Geographical Market |
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Asia Pacific |
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$ |
1,743,549 |
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|
$ |
497,714 |
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|
$ |
124,426 |
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|
$ |
59,883 |
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|
$ |
114,766 |
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|
$ |
2,540,338 |
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Americas |
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|
85,200 |
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|
|
4,957 |
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|
|
4,730 |
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|
$ |
122,178 |
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|
|
208,441 |
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|
|
425,506 |
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Europe, Middle East and Africa |
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|
60,936 |
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|
|
2,232 |
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|
— |
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|
$ |
126,234 |
|
|
|
34,778 |
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|
|
224,180 |
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Total |
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$ |
1,889,685 |
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|
$ |
504,903 |
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|
$ |
129,156 |
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|
$ |
308,295 |
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|
$ |
357,985 |
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|
$ |
3,190,024 |
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|
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For the Year Ended December 31, 2024 |
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Timing of Revenue Recognition |
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|
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|
|
|
|
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Point in Time |
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$ |
1,255,579 |
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|
$ |
472,279 |
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$ |
63,288 |
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$ |
356,384 |
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|
$ |
266,955 |
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|
$ |
2,414,485 |
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Over Time |
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|
281,545 |
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|
|
29,509 |
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|
|
21,720 |
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|
$ |
8,464 |
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|
64,157 |
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|
405,395 |
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Total |
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$ |
1,537,124 |
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$ |
501,788 |
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$ |
85,008 |
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$ |
364,848 |
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$ |
331,112 |
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|
$ |
2,819,880 |
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Geographical Market |
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Asia Pacific |
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$ |
1,400,149 |
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$ |
466,214 |
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$ |
78,719 |
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$ |
69,353 |
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|
$ |
113,263 |
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|
|
2,127,698 |
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Americas |
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|
92,386 |
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|
|
15,017 |
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|
|
6,289 |
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$ |
147,607 |
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|
|
174,084 |
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|
|
435,383 |
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Europe, Middle East and Africa |
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|
44,589 |
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|
20,557 |
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|
— |
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$ |
147,888 |
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|
|
43,765 |
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|
|
256,799 |
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Total |
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$ |
1,537,124 |
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|
$ |
501,788 |
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$ |
85,008 |
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$ |
364,848 |
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$ |
331,112 |
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$ |
2,819,880 |
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For the Year Ended December 31, 2023 |
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Timing of Revenue Recognition |
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Point in Time |
|
$ |
1,141,882 |
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$ |
356,417 |
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$ |
115,220 |
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$ |
363,238 |
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|
$ |
282,558 |
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$ |
2,259,315 |
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Over Time |
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|
290,739 |
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|
29,598 |
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|
|
23,332 |
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$ |
11,945 |
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|
61,369 |
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|
416,983 |
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Total |
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$ |
1,432,621 |
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|
$ |
386,015 |
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|
$ |
138,552 |
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$ |
375,183 |
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$ |
343,927 |
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|
$ |
2,676,298 |
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Geographical Market |
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Asia Pacific |
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$ |
1,214,322 |
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$ |
366,151 |
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$ |
135,502 |
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|
$ |
73,736 |
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$ |
103,300 |
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|
$ |
1,893,011 |
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Americas |
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|
117,728 |
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|
11,367 |
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|
|
3,050 |
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|
$ |
147,952 |
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|
|
199,299 |
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|
479,396 |
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Europe, Middle East and Africa |
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|
100,571 |
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|
|
8,497 |
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|
— |
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|
$ |
153,495 |
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|
|
41,328 |
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|
|
303,891 |
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Total |
|
$ |
1,432,621 |
|
|
$ |
386,015 |
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|
$ |
138,552 |
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|
$ |
375,183 |
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$ |
343,927 |
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|
$ |
2,676,298 |
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Contract Balances
For the years ended December 31, 2025, 2024 and 2023, Teradyne recognized $81.6 million, $72.7 million and $108.1 million, respectively, that was included within the deferred revenue and customer advances balances at the beginning of the period. This revenue primarily relates to undelivered hardware, extended warranties, training, application support, and post contract support. Each of these represents a distinct performance obligation. As of December 31, 2025, Teradyne had $100.8 million of unsatisfied performance obligations with an original duration greater than one year, of which 51% is expected to be recognized as revenue within the next 12 monthsHistorical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2019 | Mar 2, 2020 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.