Teradyne said Semiconductor Test revenues for Q1 2025 increased $107.7 million (24.8%), driven primarily by higher sales for mobility. Robotics revenues decreased $18.7 million (21.3%), and Product Test revenues decreased $3.2 million (4.1%).

10-QQuarterly reportFiled May 2, 2025Period of report Mar 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Teradyne said Semiconductor Test revenues for Q1 2025 increased $107.7 million (24.8%), driven primarily by higher sales for mobility. Robotics revenues decreased $18.7 million (21.3%), and Product Test revenues decreased $3.2 million (4.1%).
The company said gross profit as a percent of revenue increased 4.0 points, citing product mix in Semiconductor Test and higher volume as factors. Selling and administrative expenses increased $8.1 million, and engineering and development expenses increased $15.0 million.
During the 3 months ended March 30, 2025, Teradyne consolidated its Robotics go-to-market functions and recorded employee severance charges of $11.4 million, of which $9.2 million was related to the Robotics restructuring affecting approximately 150 employees. It also recorded acquisition and divestiture related costs of $2.0 million and lease termination charges of $1.1 million.
For the 3 months ended March 30, 2025, operating activities provided cash of $161.6 million. In financing activities, the company repurchased 1.5 million shares of common stock at an average price of $107.21 for $157.5 million and used $19.4 million for dividend payments.

Key figures

Quarter ended March 30, 2025

Revenue: $686M
Operating income: $121M
Net income: $99M
EPS: $0.61
Gross profit: $415M
Operating cash flow: $162M

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.

Semiconductor Test Revenue Growth and Robotics and Product Test Revenue Declines

Teradyne said Semiconductor Test revenues for Q1 2025 increased $107.7 million (24.8%), driven primarily by higher sales for mobility. Robotics revenues decreased $18.7 million (21.3%), and Product Test revenues decreased $3.2 million (4.1%).

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

Gross profit margin up 4.0 points; SG&A and R&D expenses rise

The company said gross profit as a percent of revenue increased 4.0 points, citing product mix in Semiconductor Test and higher volume as factors. Selling and administrative expenses increased $8.1 million, and engineering and development expenses increased $15.0 million.

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

Robotics Restructuring Severance and Other Charges

During the 3 months ended March 30, 2025, Teradyne consolidated its Robotics go-to-market functions and recorded employee severance charges of $11.4 million, of which $9.2 million was related to the Robotics restructuring affecting approximately 150 employees. It also recorded acquisition and divestiture related costs of $2.0 million and lease termination charges of $1.1 million.

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

Cash Flow and Share Repurchases and Dividends

For the 3 months ended March 30, 2025, operating activities provided cash of $161.6 million. In financing activities, the company repurchased 1.5 million shares of common stock at an average price of $107.21 for $157.5 million and used $19.4 million for dividend payments.

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

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