Teradyne
Financial Performance
Teradyne Revenue & Financials
Revenue
$2.8B (FY2024)
Market Cap
$18.5B
Employees
6,500
What is Teradyne's revenue?
Teradyne had $2.8B in revenue for fiscal year 2024, up 2.8% from 2023.
- Latest revenue
- $2.8B (FY2024)
- Year-over-year
- +2.8%
- Growth rate (CAGR)
- -9.4% over 3 years
- Peak revenue
- $3.7B (FY2021)
- Years of data
- 4
- Employees
- 6,500
- How many employees does Teradyne have?
- Teradyne has about 6,500 employees.
Financial Analysis
Teradyne delivers resilient financial performance characterized by strong gross margins, disciplined operating expense control, and a rock-solid balance sheet. In fiscal 2024, Teradyne generated revenue of $2.75 billion, supported by accelerating demand for AI computing test capacity and memory test systems. Non-GAAP gross margin stood at an impressive 57.5%, reflecting strong pricing power across high-complexity test systems. Non-GAAP operating margin reached 22.4%, while operating cash flow totaled $540 million. Teradyne maintains a fortress net-cash balance sheet with over $800 million in liquid cash and short-term investments, supporting a progressive dividend policy and active share repurchases.
Revenue Trend Analysis
YoY Change
+2.8%
3-Year CAGR
-9.4%
Peak Year
2021
Trend
Declining Trend
Teradyne has 4 full fiscal year figures on this page, compounding at -9.4% annually over 3 years. The most recent year saw a 2.8% increase versus the prior year. Annual revenue peaked in fiscal year 2021 at $3.7B. Of 3 comparable year-over-year steps, 1 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $2.8B | +2.8% |
| FY2023 | $2.7B | -15.2% |
| FY2022 | $3.2B | -14.8% |
| FY2021 | $3.7B | — |
Click any row to see year details.
Keep researching Teradyne
Teradyne Revenue and Financial FAQ
What was Teradyne's revenue in 2024?
Teradyne achieved $2.75 billion in revenue for fiscal year 2024.
Is Teradyne profitable?
Teradyne's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Teradyne growing?
Teradyne has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Teradyne fund its capital expenditures?
Teradyne funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Teradyne's debt profile?
Teradyne maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Teradyne reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Teradyne Revenue & Financials." CorpDigest, https://corpdigest.com/company/teradyne/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Teradyne reported $2.8B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/teradyne/financials" target="_blank" rel="noopener">CorpDigest — Teradyne financials</a></div>Explore Teradyne
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