v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Revenues:        
Total revenues $ 1,328,990 $ 651,797 $ 2,611,484 $ 1,337,477
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 534,372 278,785 1,035,916 549,128
Gross profit 794,618 373,012 1,575,568 788,349
Operating expenses:        
Selling and administrative 192,520 157,782 359,257 315,039
Engineering and development 156,284 118,382 291,845 236,570
Acquired intangible assets amortization 4,972 3,733 7,196 8,306
Restructuring and other 3,032 2,372 6,457 16,887
Total operating expenses 356,808 282,269 664,755 576,802
Income from operations 437,810 90,743 910,813 211,547
Non-operating (income) expense:        
Interest income (3,182) (4,351) (5,604) (9,427)
Interest expense 2,964 805 6,115 1,600
Other (income) expense, net (5,591) (2,270) 1,006 3,790
Income before income taxes and equity in net earnings of affiliate 443,619 96,559 909,296 215,584
Income tax provision 66,788 12,260 128,945 26,804
Income before equity in net earnings of affiliate 376,831 84,299 780,351 188,780
Equity in net earnings of affiliate (1,946) (5,927) (6,557) (11,511)
Consolidated net income 374,885 78,372 773,794 177,269
Less: Net income attributable to noncontrolling interests 352 0 352 0
Net income attributable to Teradyne $ 374,533 $ 78,372 $ 773,442 $ 177,269
Earnings per common share attributable to Teradyne:        
Basic $ 2.39 $ 0.49 $ 4.94 $ 1.1
Diluted $ 2.38 $ 0.49 $ 4.91 $ 1.1
Weighted average common shares—basic 156,470 159,967 156,440 160,734
Weighted average common shares—diluted 157,693 160,135 157,664 161,065
Product [Member]        
Revenues:        
Total revenues $ 1,191,327 $ 522,657 $ 2,334,298 $ 1,084,614
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 487,221 232,422 940,667 456,564
Service [Member]        
Revenues:        
Total revenues 137,663 129,140 277,186 252,863
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) $ 47,151 $ 46,363 $ 95,249 $ 92,564