Teradyne said Semiconductor Test revenues increased $166.7 million (8.5%) in 2024, driven primarily by higher tester sales for computing, ADAS and memory applications, while Robotics revenues decreased $10.4 million (2.8%), driven primarily by continued weakness in the Industrial Automation market.

1. 01

   Teradyne said Semiconductor Test revenues increased $166.7 million (8.5%) in 2024, driven primarily by higher tester sales for computing, ADAS and memory applications, while Robotics revenues decreased $10.4 million (2.8%), driven primarily by continued weakness in the Industrial Automation market.

2. 02

   On May 27, 2024, the company paid 483.1 million Euros, equivalent to $524.1 million, to purchase 10% of the issued and outstanding shares of Technoprobe, S.p.A., and received a board seat as part of the purchase. As part of the transaction, Teradyne completed the sale of the Device Interface Solutions business to Technoprobe for $85.0 million in cash, net of cash and cash equivalents sold, and a customary working capital adjustment, resulting in a pre-tax gain of $57.1 million.

3. 03

   Teradyne said investing activities in 2024 used cash of $622.3 million and financing activities used cash of $251.8 million. Financing activities included the repurchase of 1.7 million shares of common stock for $198.6 million and dividend payments of $76.4 million.

4. 04

   The company said its Board of Directors approved in January 2023 a new repurchase program for up to $2.0 billion of common stock. As of December 31, 2024, cumulative repurchases under the program were 5.6 million shares of common stock for $595.2 million. Teradyne said it intends to repurchase up to $400.0 million in 2025.

Key figures

Fiscal year ended December 31, 2024

Revenue

$2.8B

Operating income

$594M

Net income

$542M

EPS

$3.32

Gross profit

$1.6B

Operating cash flow

$672M

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

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.