The company said Semiconductor Test revenue rose $67.9 million (14.3%) in Q2 2024, and Robotics revenue rose $18.6 million (26.0%), while System Test revenue fell $33.5 million (35.5%) and Wireless Test revenue fell $7.5 million (17.1%).

10-QQuarterly reportFiled Aug 2, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said Semiconductor Test revenue rose $67.9 million (14.3%) in Q2 2024, and Robotics revenue rose $18.6 million (26.0%), while System Test revenue fell $33.5 million (35.5%) and Wireless Test revenue fell $7.5 million (17.1%).
Teradyne said it acquired 10% of Technoprobe's issued and outstanding shares for $524.1 million on May 27, 2024. It also agreed to receive $85.0 million from Technoprobe for the sale of its DIS business, net of cash and cash equivalents sold and subject to a customary working capital adjustment. It recorded a gain of $57.5 million on the DIS sale in that quarter.
The company said it generated $223.3 million in cash from operating activities in the 6 months ended June 30, 2024, and used $505.1 million in investing activities. Its cash, cash equivalents and marketable securities balance decreased by $352.9 million to $584.3 million. It fully repaid the $185.0 million it borrowed under its revolving credit facility before June 30, after borrowing on May 16.
The company said its gross profit as a percent of revenue fell 0.5 points in Q2 2024, primarily due to product mix. It said selling and administrative expenses rose $8.8 million and engineering and development expenses rose $6.1 million. Its effective tax rate for the quarter was 15.1%, compared with 16.9% a year earlier.

Key figures

Quarter ended June 30, 2024

Revenue: $730M
Operating income: $210M
Net income: $186M
EPS: $1.14
Gross profit: $426M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Segment Revenue Changes

The company said Semiconductor Test revenue rose $67.9 million (14.3%) in Q2 2024, and Robotics revenue rose $18.6 million (26.0%), while System Test revenue fell $33.5 million (35.5%) and Wireless Test revenue fell $7.5 million (17.1%).

Source · Based on the MD&A text of the filing

Technoprobe Stake and DIS Business Sale

Teradyne said it acquired 10% of Technoprobe's issued and outstanding shares for $524.1 million on May 27, 2024. It also agreed to receive $85.0 million from Technoprobe for the sale of its DIS business, net of cash and cash equivalents sold and subject to a customary working capital adjustment. It recorded a gain of $57.5 million on the DIS sale in that quarter.

Source · Based on the MD&A text of the filing

6-Month Cash and Borrowing Flows

The company said it generated $223.3 million in cash from operating activities in the 6 months ended June 30, 2024, and used $505.1 million in investing activities. Its cash, cash equivalents and marketable securities balance decreased by $352.9 million to $584.3 million. It fully repaid the $185.0 million it borrowed under its revolving credit facility before June 30, after borrowing on May 16.

Source · Based on the MD&A text of the filing

Quarterly Income Items and Effective Tax Rate

The company said its gross profit as a percent of revenue fell 0.5 points in Q2 2024, primarily due to product mix. It said selling and administrative expenses rose $8.8 million and engineering and development expenses rose $6.1 million. Its effective tax rate for the quarter was 15.1%, compared with 16.9% a year earlier.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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