| Revenue |
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 Test |
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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 Three Months Ended September 27, 2026 |
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Timing of Revenue Recognition |
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Point in Time |
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$ |
601,845 |
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$ |
289,515 |
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$ |
87,825 |
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$ |
93,051 |
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$ |
121,690 |
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$ |
1,193,926 |
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Over Time |
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74,664 |
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11,306 |
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6,856 |
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2,777 |
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16,421 |
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|
112,024 |
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Total |
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$ |
676,509 |
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$ |
300,821 |
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$ |
94,681 |
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$ |
95,828 |
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$ |
138,111 |
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$ |
1,305,950 |
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Geographical Market |
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Asia Pacific |
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$ |
627,357 |
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$ |
298,538 |
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$ |
94,150 |
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$ |
25,257 |
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$ |
72,956 |
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$ |
1,118,258 |
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Americas |
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23,963 |
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|
1,377 |
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531 |
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38,952 |
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58,394 |
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123,217 |
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Europe, Middle East and Africa |
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25,189 |
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|
906 |
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— |
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31,619 |
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6,761 |
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|
64,475 |
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Total |
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$ |
676,509 |
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$ |
300,821 |
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$ |
94,681 |
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$ |
95,828 |
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$ |
138,111 |
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$ |
1,305,950 |
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For the Three Months Ended September 28, 2025 |
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Timing of Revenue Recognition |
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Point in Time |
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$ |
367,404 |
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$ |
118,878 |
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$ |
33,575 |
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$ |
73,213 |
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$ |
69,579 |
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$ |
662,649 |
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Over Time |
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72,812 |
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9,184 |
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4,014 |
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1,874 |
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18,677 |
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|
106,561 |
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Total |
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$ |
440,216 |
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$ |
128,062 |
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$ |
37,589 |
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$ |
75,087 |
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$ |
88,256 |
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$ |
769,210 |
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Geographical Market |
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Asia Pacific |
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$ |
409,959 |
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$ |
126,534 |
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$ |
37,298 |
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$ |
13,852 |
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$ |
25,136 |
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$ |
612,779 |
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Americas |
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14,432 |
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|
1,029 |
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291 |
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28,455 |
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55,225 |
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|
99,432 |
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Europe, Middle East and Africa |
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15,825 |
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499 |
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— |
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32,780 |
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7,895 |
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|
56,999 |
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Total |
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$ |
440,216 |
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$ |
128,062 |
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$ |
37,589 |
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$ |
75,087 |
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$ |
88,256 |
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$ |
769,210 |
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For the Nine Months Ended September 27, 2026 |
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Timing of Revenue Recognition |
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Point in Time |
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$ |
2,181,364 |
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$ |
683,003 |
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$ |
167,152 |
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$ |
278,979 |
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$ |
274,143 |
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$ |
3,584,641 |
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Over Time |
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219,925 |
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32,600 |
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20,593 |
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8,024 |
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51,651 |
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332,793 |
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Total |
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$ |
2,401,289 |
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$ |
715,603 |
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$ |
187,745 |
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$ |
287,003 |
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$ |
325,794 |
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$ |
3,917,434 |
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Geographical Market |
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Asia Pacific |
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$ |
2,256,782 |
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$ |
704,425 |
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$ |
184,320 |
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$ |
63,779 |
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$ |
144,504 |
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$ |
3,353,810 |
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Americas |
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55,916 |
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9,157 |
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3,425 |
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121,224 |
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156,951 |
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346,673 |
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Europe, Middle East and Africa |
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88,591 |
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2,021 |
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— |
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102,000 |
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24,339 |
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216,951 |
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Total |
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$ |
2,401,289 |
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$ |
715,603 |
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$ |
187,745 |
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$ |
287,003 |
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$ |
325,794 |
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$ |
3,917,434 |
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For the Nine Months Ended September 28, 2025 |
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Timing of Revenue Recognition |
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Point in Time |
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$ |
1,030,682 |
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$ |
272,534 |
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$ |
85,294 |
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$ |
213,083 |
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$ |
192,296 |
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$ |
1,793,889 |
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Over Time |
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|
212,512 |
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|
25,879 |
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|
13,348 |
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|
5,857 |
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55,202 |
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|
312,798 |
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Total |
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$ |
1,243,194 |
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$ |
298,413 |
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$ |
98,642 |
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$ |
218,940 |
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$ |
247,498 |
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$ |
2,106,687 |
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Geographical Market |
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Asia Pacific |
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$ |
1,132,944 |
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$ |
292,683 |
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$ |
95,782 |
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$ |
44,853 |
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$ |
85,583 |
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$ |
1,651,845 |
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Americas |
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|
65,404 |
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|
4,023 |
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|
2,860 |
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|
88,086 |
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138,239 |
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|
298,612 |
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Europe, Middle East and Africa |
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44,846 |
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|
1,707 |
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— |
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86,001 |
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23,676 |
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|
156,230 |
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Total |
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$ |
1,243,194 |
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$ |
298,413 |
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$ |
98,642 |
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$ |
218,940 |
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$ |
247,498 |
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$ |
2,106,687 |
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Contract Balances During the three and nine months ended September 27, 2026, Teradyne recognized $34.6 million and $138.1 million, respectively, that were included within the deferred revenue and customer advances balances at the beginning of the period. During the three and nine months ended September 28, 2025, Teradyne recognized $14.2 million and $64.8 million, respectively, that were 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 September 27, 2026, Teradyne had $131.1 million of unsatisfied performance obligations with an original duration of greater than one year, of which 57% is expected to be recognized as revenue within the next twelve months. Deferred revenue and customer advances consist of the following and are included in short and long-term deferred revenue and customer advances on the balance sheet:
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September 27,
2026 |
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December 31,
2025 |
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(in thousands) |
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Maintenance, service and training |
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$ |
56,853 |
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$ |
62,337 |
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Customer advances, undelivered elements and other |
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133,586 |
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|
85,762 |
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Extended warranty |
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|
79,586 |
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|
55,913 |
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Total deferred revenue and customer advances |
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$ |
270,025 |
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$ |
204,012 |
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