# TERADYNE, INC. (TER) FY2024 Annual P&L / Income Statement - Company: TERADYNE, INC. (TER) - Period: 2024-01-01 to 2024-12-31 - Filing: FY2024 10-K, filed 2025-02-20, accession number 0000950170-25-023784 - Page: https://plicit.ai/financials/ter/fy2024-annual-income-statement - Chart image: https://plicit.ai/charts/ter-fy2024-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2024-01-01 through 2024-12-31. View: Product and service. Revenue and costs use their disclosed categories. - **Total revenues**: 2,819,880,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,170,953,000 US dollars - **Gross profit**: 1,648,927,000 US dollars - **Total operating expenses**: 1,055,139,000 US dollars - **Income from operations**: 593,788,000 US dollars - **Other income (expense), net (calculated)**: 15,298,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 609,086,000 US dollars - **Income tax provision**: 59,503,000 US dollars - **Net income**: 542,372,000 US dollars - **Product revenue**: 2,294,935,000 US dollars - **Service revenue**: 524,945,000 US dollars - **Product cost of revenue**: 960,888,000 US dollars - **Service cost of revenue**: 210,065,000 US dollars - **Selling and administrative**: 617,047,000 US dollars - **Engineering and development**: 460,876,000 US dollars - **Acquired intangible assets amortization**: 18,764,000 US dollars - **Restructuring and other**: 15,571,000 US dollars - **Gain on sale of business**: negative 57,119,000 US dollars - **Equity in net earnings of affiliate**: negative 7,211,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Business Segment (3 categories) - Page: https://plicit.ai/financials/ter/fy2024-annual-income-statement/revenue-by-business-segment-3-categories - Chart image: https://plicit.ai/charts/ter-fy2024-annual-revenue-by-business-segment-3-categories-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Business segment (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 2,819,880,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,170,953,000 US dollars - **Gross profit**: 1,648,927,000 US dollars - **Total operating expenses**: 1,055,139,000 US dollars - **Income from operations**: 593,788,000 US dollars - **Other income (expense), net (calculated)**: 15,298,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 609,086,000 US dollars - **Income tax provision**: 59,503,000 US dollars - **Net income**: 542,372,000 US dollars - **Semiconductor Test**: 2,123,920,000 US dollars - **Robotics**: 364,848,000 US dollars - **All Other**: 331,112,000 US dollars - **Selling and administrative**: 617,047,000 US dollars - **Engineering and development**: 460,876,000 US dollars - **Acquired intangible assets amortization**: 18,764,000 US dollars - **Restructuring and other**: 15,571,000 US dollars - **Gain on sale of business**: negative 57,119,000 US dollars - **Equity in net earnings of affiliate**: negative 7,211,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/ter/fy2024-annual-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/ter-fy2024-annual-revenue-by-timing-of-transfer-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 2,819,880,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,170,953,000 US dollars - **Gross profit**: 1,648,927,000 US dollars - **Total operating expenses**: 1,055,139,000 US dollars - **Income from operations**: 593,788,000 US dollars - **Other income (expense), net (calculated)**: 15,298,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 609,086,000 US dollars - **Income tax provision**: 59,503,000 US dollars - **Net income**: 542,372,000 US dollars - **Point in Time**: 2,414,485,000 US dollars - **Over Time**: 405,395,000 US dollars - **Selling and administrative**: 617,047,000 US dollars - **Engineering and development**: 460,876,000 US dollars - **Acquired intangible assets amortization**: 18,764,000 US dollars - **Restructuring and other**: 15,571,000 US dollars - **Gain on sale of business**: negative 57,119,000 US dollars - **Equity in net earnings of affiliate**: negative 7,211,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Geography (3 categories) - Page: https://plicit.ai/financials/ter/fy2024-annual-income-statement/revenue-by-geography-3-categories - Chart image: https://plicit.ai/charts/ter-fy2024-annual-revenue-by-geography-3-categories-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Geography (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 2,819,880,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,170,953,000 US dollars - **Gross profit**: 1,648,927,000 US dollars - **Total operating expenses**: 1,055,139,000 US dollars - **Income from operations**: 593,788,000 US dollars - **Other income (expense), net (calculated)**: 15,298,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 609,086,000 US dollars - **Income tax provision**: 59,503,000 US dollars - **Net income**: 542,372,000 US dollars - **Americas**: 435,383,000 US dollars - **Europe, Middle East and Africa**: 256,799,000 US dollars - **Asia Pacific**: 2,127,698,000 US dollars - **Selling and administrative**: 617,047,000 US dollars - **Engineering and development**: 460,876,000 US dollars - **Acquired intangible assets amortization**: 18,764,000 US dollars - **Restructuring and other**: 15,571,000 US dollars - **Gain on sale of business**: negative 57,119,000 US dollars - **Equity in net earnings of affiliate**: negative 7,211,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Business Segment by Business Acquisition - Page: https://plicit.ai/financials/ter/fy2024-annual-income-statement/revenue-by-business-segment-by-business-acquisition - Chart image: https://plicit.ai/charts/ter-fy2024-annual-revenue-by-business-segment-by-business-acquisition-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Segments by Business Acquisition. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 2,819,880,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,170,953,000 US dollars - **Gross profit**: 1,648,927,000 US dollars - **Total operating expenses**: 1,055,139,000 US dollars - **Income from operations**: 593,788,000 US dollars - **Other income (expense), net (calculated)**: 15,298,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 609,086,000 US dollars - **Income tax provision**: 59,503,000 US dollars - **Net income**: 542,372,000 US dollars - **All Other**: 331,112,000 US dollars - **Robotics - Universal Robots (UR)**: 364,848,000 US dollars - **Semiconductor Test - IST**: 85,008,000 US dollars - **Semiconductor Test - Memory**: 501,788,000 US dollars - **Semiconductor Test - Soc**: 1,537,124,000 US dollars - **Selling and administrative**: 617,047,000 US dollars - **Engineering and development**: 460,876,000 US dollars - **Acquired intangible assets amortization**: 18,764,000 US dollars - **Restructuring and other**: 15,571,000 US dollars - **Gain on sale of business**: negative 57,119,000 US dollars - **Equity in net earnings of affiliate**: negative 7,211,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Business Segment (2 categories) - Page: https://plicit.ai/financials/ter/fy2024-annual-income-statement/revenue-by-business-segment-2-categories - Chart image: https://plicit.ai/charts/ter-fy2024-annual-revenue-by-business-segment-2-categories-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Business segment (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 2,819,880,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,170,953,000 US dollars - **Gross profit**: 1,648,927,000 US dollars - **Total operating expenses**: 1,055,139,000 US dollars - **Income from operations**: 593,788,000 US dollars - **Other income (expense), net (calculated)**: 15,298,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 609,086,000 US dollars - **Income tax provision**: 59,503,000 US dollars - **Net income**: 542,372,000 US dollars - **Reportable Segments**: 2,488,768,000 US dollars - **All Other**: 331,112,000 US dollars - **Selling and administrative**: 617,047,000 US dollars - **Engineering and development**: 460,876,000 US dollars - **Acquired intangible assets amortization**: 18,764,000 US dollars - **Restructuring and other**: 15,571,000 US dollars - **Gain on sale of business**: negative 57,119,000 US dollars - **Equity in net earnings of affiliate**: negative 7,211,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Geography (11 categories) - Page: https://plicit.ai/financials/ter/fy2024-annual-income-statement/revenue-by-geography-11-categories - Chart image: https://plicit.ai/charts/ter-fy2024-annual-revenue-by-geography-11-categories-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Geography (11 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 2,819,880,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,170,953,000 US dollars - **Gross profit**: 1,648,927,000 US dollars - **Total operating expenses**: 1,055,139,000 US dollars - **Income from operations**: 593,788,000 US dollars - **Other income (expense), net (calculated)**: 15,298,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 609,086,000 US dollars - **Income tax provision**: 59,503,000 US dollars - **Net income**: 542,372,000 US dollars - **KOREA, REPUBLIC OF**: 695,669,000 US dollars - **TAIWAN**: 601,997,000 US dollars - **CHINA**: 375,186,000 US dollars - **UNITED STATES**: 374,333,000 US dollars - **Europe**: 251,285,000 US dollars - **JAPAN**: 159,827,000 US dollars - **SINGAPORE**: 90,113,000 US dollars - **MALAYSIA**: 62,376,000 US dollars - **PHILIPPINES**: 53,636,000 US dollars - **THAILAND**: 49,268,000 US dollars - **Rest Of The World**: 106,190,000 US dollars - **Selling and administrative**: 617,047,000 US dollars - **Engineering and development**: 460,876,000 US dollars - **Acquired intangible assets amortization**: 18,764,000 US dollars - **Restructuring and other**: 15,571,000 US dollars - **Gain on sale of business**: negative 57,119,000 US dollars - **Equity in net earnings of affiliate**: negative 7,211,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.