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Teradyne, Inc. TER Product Test — Engineering And Development Expense

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Other financials

Income statement

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Revenue$1.3B+104%
Gross profit$794.6M+113%
Operating income$437.8M+382%
Net income$374.5M+378%
EPS (diluted)$2.38+386%

Balance sheet

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Cash & equivalents$349.5M+3.0%
Total debt$100.1M+34.5%
Total equity$3.4B+21.1%
Total assets$4.9B+30.9%

Cash flow

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Operating cash flow$469.1M+158%
CapEx$90.7M+79.9%
Free cash flow$378.4M+187%

Valuation

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Market cap$59.3B+256%
Enterprise value$59.05B+260%
P/E51.6×+16.1×
P/S13.3×+7.4×

Profitability

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Gross margin59.2%+0.1pp
Operating margin30.2%+11.9pp
Net margin25.8%+9.2pp
FCF margin17.9%-2.2pp

Returns & leverage

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Return on equity36.7%+19.8pp
Debt / equity0.0×
Current ratio2.1×-0.2×

Where this comes from

Reported directly by Teradyne, Inc. in its filing.

Tagged under the XBRL concept ter:EngineeringAndDevelopmentExpense.

The source filing: Teradyne, Inc.’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 2:30 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-201058
Three months ended March 29, 2026Semiconductor TestRoboticsProduct TestTotal Reportable SegmentsCorporateand EliminationsConsolidated
Revenues$1,110,801$91,258$80,435$1,282,494$1,282,494
Less:
Cost of revenues413,85545,18534,564493,604493,604
Engineering and development93,29612,26214,339119,897119,897
Selling and marketing63,83121,18813,11398,13298,132
General and administrative26,8398,7586,48642,08342,083
Other segment items (1)(2)44,9284,8297,22656,9836,11963,102
Income (loss) before taxes (2)468,052(964)4,707471,795(6,119)465,676

Item 1: Financial Statements

FAQ

What is Teradyne, Inc.'s product test — engineering and development expense?
Teradyne, Inc. (TER) reported product test — engineering and development expense of $14.34M in Q1 2026.
How has Teradyne, Inc.'s product test — engineering and development expense changed year-over-year?
Teradyne, Inc.'s product test — engineering and development expense increased by 24.3% year-over-year, from $11.54M to $14.34M.
What is the long-term trend for Teradyne, Inc.'s product test — engineering and development expense?
Over 2 years (2023 to 2025), Teradyne, Inc.'s product test — engineering and development expense has grown at a 6.9% compound annual growth rate (CAGR), from $44.54M to $50.86M.
What does product test — engineering and development expense mean?
The costs incurred for research, design, and development of new testing technologies and product enhancements within the product testing segment. This reflects the company's commitment to innovation and maintaining a competitive edge in the semiconductor and electronics testing market. It is a leading indicator of future product pipeline health.

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