Teradyne, Inc. income statement TER

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Teradyne, Inc. reported revenue of $3.2 billion, up 13.1% from the year before. Net income was $554.0 million, a profit margin of 17.4%. Operating income came to $650.1 million, an operating margin of 20.4%. Diluted earnings per share were $3.47. Over the twelve months ended Sep 27, 2026, revenue was $5.0 billion and net income was $1.4 billion. Across the 10 fiscal years shown, revenue grew from $1.8 billion in fiscal 2016 to $3.2 billion in fiscal 2025, about 6.9% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 27, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	5,001 +74.9%	3,190 +13.1%	2,820 +5.4%	2,676 -15.2%	3,155 -14.8%	3,703 +18.6%	3,121 +36.0%	2,295 +9.2%	2,101 -1.7%	2,137 +21.9%	1,753 +6.9%
Cost of revenue	2,034 +73.2%	1,333 +13.8%	1,171 +2.8%	1,140 -11.5%	1,288 -13.9%	1,496 +12.0%	1,336 +39.8%	955 +8.5%	880 -3.5%	913 +15.0%	794 +9.6%
Gross profit	2,967 +76.1%	1,857 +12.6%	1,649 +7.3%	1,537 -17.7%	1,867 -15.4%	2,207 +23.6%	1,786 +33.3%	1,340 +9.8%	1,220 -0.1%	1,221 +27.4%	959 +4.7%
Selling, general and administrative	723 +13.0%	649 +5.2%	617 +6.9%	577 +3.4%	558 +1.9%	548 +17.8%	465 +6.3%	437 +11.9%	391 +12.0%	349 +10.2%	317 +3.3%
Restructuring and impairment	24 -16.0%	39 +147.6%	16 -26.8%	21 +23.8%	17 +84.5%	9 +170.5%	-13 +4.9%	-14 -191.1%	15 +62.7%	9 -57.3%	22 +331.9%
Operating income	1,606 +214.6%	650 +9.5%	594 +18.5%	501 -39.8%	832 -30.7%	1,201 +29.3%	928 +67.7%	554 +16.9%	474 -9.8%	525 +934.3%	-63 -125.9%
Interest income	12 -32.2%	16 -36.6%	25 -9.4%	27 +328.7%	6 +142.8%	3 -56.1%	6 -64.8%	17 -17.0%	20 +14.9%	18 +91.5%	9 +28.9%
Interest expense	11 +212.2%	7 +90.9%	4 -5.8%	4 +2.3%	4 -79.1%	18 -26.3%	24 +8.8%	22 +2.0%	22 +0.5%	22 +495.6%	4 +93.9%
Other non-operating income (expense)	-4 -23.0%	-6 +4.2%	-6 -712.0%	1 -83.4%	6 +123.5%	-25 -167.3%	-9 +59.4%	-23 -384.6%	-5 -259.7%	3 +30.0%	2 -53.3%
Pretax income	1,603 +207.4%	653 +7.3%	609 +15.9%	526 -37.5%	840 -27.6%	1,161 +28.8%	901 +71.4%	526 +12.4%	468 -10.8%	524 +1052.4%	-55 -121.8%
Equity in earnings of affiliates	-6 +71.6%	-20 -176.2%	-7	—	—	—	—	—	—	—	—
Income tax	218 +292.3%	79 +33.3%	60 -22.5%	77 -38.5%	125 -14.7%	146 +25.2%	117 +100.4%	58 +263.9%	16 -94.0%	267 +2391.6%	-12 -125.0%
Net income	1,373 +209.9%	554 +2.2%	542 +20.9%	449 -37.3%	716 -29.5%	1,015 +29.4%	784 +67.7%	467 +3.5%	452 +75.3%	258 +693.5%	-43 -121.0%
Basic EPS	8.78 +218.2%	3.48 +2.1%	3.41 +17.2%	2.91 -35.6%	4.52 -26.5%	6.15 +30.3%	4.72 +72.3%	2.74 +13.7%	2.41 +85.4%	1.30 +719.0%	-0.21 -121.4%
Diluted EPS	8.71 +216.7%	3.47 +4.5%	3.32 +21.6%	2.73 -35.3%	4.22 -23.7%	5.53 +29.2%	4.28 +64.6%	2.60 +10.6%	2.35 +83.6%	1.28 +709.5%	-0.21 -121.6%
Weighted average shares, basic	156 -2.6%	159 +0.0%	159 +3.1%	154 -2.6%	158 -4.0%	165 -0.7%	166 -2.5%	170 -9.2%	188 -5.2%	198 -2.2%	203 -4.2%
Weighted average shares, diluted	158 -2.2%	160 -2.2%	163 -0.6%	164 -3.2%	170 -7.6%	184 +0.3%	183 +2.0%	179 -6.8%	193 -4.5%	202 -0.5%	203 -5.0%
Other measures
Depreciation and amortization	139	128 +6.9%	120 +8.0%	111 +0.2%	111 -11.8%	125 -1.0%	127 +5.0%	121 +6.6%	113 +4.8%	108 -9.9%	120 -14.7%
EBITDA	1,745	778 +9.0%	714 +16.6%	612 -35.1%	943 -28.9%	1,326 +25.7%	1,055 +56.5%	674 +14.9%	587 -7.3%	633 +1010.5%	57 -85.1%
Interest coverage	147.07x	94.95x	165.54x	131.65x	223.70x	67.38x	38.39x	24.91x	21.75x	24.25x	-17.31x
Margins
Gross margin	59.32%	58.22%	58.48%	57.42%	59.18%	59.59%	57.21%	58.38%	58.09%	57.17%	54.68%
Operating margin	32.11%	20.38%	21.06%	18.72%	26.37%	32.43%	29.74%	24.12%	22.55%	24.59%	-3.59%
Pretax margin	32.06%	20.48%	21.60%	19.64%	26.64%	31.35%	28.87%	22.91%	22.27%	24.54%	-3.14%
Profit margin	27.46%	17.37%	19.23%	16.77%	22.68%	27.40%	25.12%	20.37%	21.51%	12.06%	-2.48%
EBITDA margin	34.89%	24.39%	25.30%	22.87%	29.88%	35.82%	33.80%	29.38%	27.94%	29.65%	3.25%
Effective tax rate	13.59%	12.14%	9.77%	14.62%	14.86%	12.61%	12.97%	11.09%	3.42%	50.86%	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Instruments For Meas & Testing of Electricity & Elec Signals (SIC 3825)
Listed as: TER (Nasdaq)
Fiscal year ends: December 31
Incorporated in: MA
Headquarters: North Reading, MA
SEC filer status: Large accelerated filer
SEC CIK: 97210
Former names: TERADYNE INC (until Oct 11, 2006)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.