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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+87.0%
Gross profit$780.9M+88.0%
Operating income$473.0M+292%
Net income$398.9M+303%
EPS (diluted)$2.53+315%

Balance sheet

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Cash & equivalents$241.9M-49.1%
Total debt$82.4M+19.8%
Total equity$3.1B+12.4%
Total assets$4.4B+19.6%

Cash flow

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Operating cash flow$265.1M+64.0%
CapEx$64.7M+1.1%
Free cash flow$200.4M+105%

Valuation

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Market cap$73.88B+434%
Enterprise value$73.72B+449%
P/E86.5×+62.5×
P/S19.5×+14.7×

Profitability

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Gross margin58.7%-0.7pp
Operating margin26.5%+4.6pp
Net margin22.6%+2.7pp
FCF margin14.6%-6.3pp

Returns & leverage

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Return on equity28.7%+7.2pp
Debt / equity0.0×
Current ratio2.1×-0.6×

Where this comes from

Reported directly by Teradyne, Inc. in its filing.

Tagged under the XBRL concept ter:EngineeringAndDevelopmentExpense.

The official record: Teradyne, Inc.’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.