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Screener / SEC EDGAR /CIK 0000097210 /10-K filed Feb 19, 2026, compared with Feb 20, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
MCHPGENGDDYTERFSLRCRWD
Nasdaq Technology · Test & Measurement

Teradyne TER

TER quote by TradingView

Teradyne, Inc. (“Teradyne”) was founded in 1960 and is a leading global provider of automated test equipment and robotics solutions. 10-K, Item 1

Employees
6,600
Headquarters
North Reading, MA
CEO
Gregory Stephen Smith
Next results
around Feb 2, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $3.2B through the costs to a net profit of $554.0M · income statement of the 10-K

20% operating margin
Revenue to Gross profit: $1.9BRevenue to Cost of revenue: $1.3BGross profit to Operating profit: $650.1MGross profit to Operating expenses: $1.2BOperating profit to Net profit: $554.0MOperating profit to Tax & other: $96.0MOperating expenses to R&D: $504.6MOperating expenses to Sales, admin & other: $702.7M Revenue: $3.2B REVENUE $3.2B +13% Y/Y Gross profit: $1.9B · 58% margin GROSS PROFIT $1.9B 58% margin · +13% Y/Y Cost of revenue: $1.3B · 42% of revenue COST OF REVENUE $1.3B 42% of revenue Operating profit: $650.1M · 20% margin OPERATING PROFIT $650.1M 20% margin · +9% Y/Y Operating expenses: $1.2B · 38% of revenue OPERATING EXPENSES $1.2B 38% of revenue Net profit: $554.0M · 17% margin NET PROFIT $554.0M 17% margin · +2% Y/Y Tax & other: $96.0M · 3% of revenue TAX & OTHER $96.0M 3% of revenue R&D: $504.6M · 16% of revenue R&D $504.6M 16% of revenue Sales, admin & other: $702.7M · 22% of revenue SALES, ADMIN & OTHER $702.7M 22% of revenue
Gross profit $1.9B 58% margin · +13% Y/Y
Operating profit $650.1M 20% margin · +9% Y/Y
Net profit $554.0M 17% margin · +2% Y/Y
The full income statement, year by year

TER among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 13.1%, above 45% of 74 peers (their median 14.1%) REVENUE GROWTH 13.1% · above 45% Gross margin: 59.3%, above 52% of 67 peers (their median 56.4%) GROSS MARGIN 59.3% · above 52% Operating margin: 32.1%, above 69% of 70 peers (their median 22.2%) OPERATING MARGIN 32.1% · above 69% Net margin: 27.5%, above 68% of 74 peers (their median 18.9%) NET MARGIN 27.5% · above 68% FCF margin: 20.5%, above 44% of 70 peers (their median 23.7%) FCF MARGIN 20.5% · above 44% Return on capital: 15.5%, above 57% of 61 peers (their median 12.6%) RETURN ON CAPITAL 15.5% · above 57%
TER Peer median Below the median

What changed

13 new risk paragraphs and 3 accounting facts worth reading about. 10-K filed Feb 19, 2026 against Feb 20, 2025.

Risk factors
13 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +66.9% vs revenue +13.1% (+53.8 pts)
10-K · XBRL
Inventory growing faster than revenue
Inventory +27.2% vs revenue +13.1% (+14.0 pts)
10-K · XBRL
Critical audit matters changed
New this year: Annual Goodwill Impairment Assessment - Robotics Reporting Unit (“As described in Notes B and N to the consolidated financial statements, the Company’s goodwill balance was $521.0 million as of December 31, 2025, and the goodwill associated with the Robotics reporting unit was $416.4 million. Management assesses goodwill for impairment at least annually in the fou”). Same as last year: Revenue Recognition - Certain Products Revenue
10-K · XBRL
Accounting checks
8 other checks clear, 3 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

3facts worth reading about the other 8 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +66.9% vs revenue +13.1% (+53.8 pts)
  • Inventory growing faster than revenue
    Inventory +27.2% vs revenue +13.1% (+14.0 pts)
  • Critical audit matters changed
    New this year: Annual Goodwill Impairment Assessment - Robotics Reporting Unit (“As described in Notes B and N to the consolidated financial statements, the Company’s goodwill balance was $521.0 million as of December 31, 2025, and the goodwill associated with the Robotics reporting unit was $416.4 million. Management assesses goodwill for impairment at least annually in the fou”). Same as last year: Revenue Recognition - Certain Products Revenue
  • Cash from operations $674.4M vs net income $554.0M (FY ending Dec 31, 2025)
7 more checks with nothing to note
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

13 paragraphs in Risk Factors that were not in the 10-K filed Feb 20, 2025. Quoted as filed.

All 13 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    In 2025, we had two customers who specified greater than 10% of our consolidated revenues and one additional customer who directly purchased more than 10% of our consolidated revenues. The two specifying customers drove 12% and 10% of consolidated revenues. The additional direct customer accounted for 19% of consolidated revenues…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    Following an acquisition, we may not achieve the revenue or net income levels that justify the acquisition. Acquisitions may also result in one-time charges (such as acquisition-related expenses, write-offs or restructuring charges) or in the future, impairment of goodwill or acquired intangible assets, or adjustments to contingent…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    We cannot predict what further actions may ultimately be taken with respect to tariffs or what products or entities may be subject to such actions, or what reciprocation may be taken by other countries in response to U.S. actions. If we cannot find ways to mitigate the potential impacts from these tariffs successfully or in a timely…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$3.2B$2.7B$2.8B$3.2B
Net income$715.5M$448.8M$542.4M$554.0M
Operating cash flow$577.9M$585.2M$672.2M$674.4M
Free cash flow$414.7M$425.6M$474.1M$450.4M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$3.2B ▲ 13.1% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Teradyne, North Reading, MA · from the 10-K filed Feb 19, 2026

Teradyne, Inc. (“Teradyne”) was founded in 1960 and is a leading global provider of automated test equipment and robotics solutions. Teradyne's automated test systems are used to test semiconductors, wireless products, data storage, silicon photonics, and complex electronics systems in many industries including consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace and defense industries.

Headquarters
North Reading, MA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Oct 28, 2026
Incorporated in
MA

Employees, at the top of the page: "As of December 31, 2025, we employed approximately 6,600 employees, of whom approximately 2,200 were employed in the United States" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 19, 2026 (open at SEC), compared with the 10-K filed Feb 20, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/TER/export.csv") into a cell.