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Dec 31, 2020

Teradyne Q4 2020 Earnings Report

Teradyne reported Q4 2020 results with revenue growth driven by industrial automation and strong test demand.

Key Takeaways

Teradyne's Q4 2020 revenue reached $759 million, a 16% increase from Q4 2019. GAAP EPS was $1.05, and non-GAAP EPS was $1.10. The company's performance was driven by stronger than expected growth at Universal Robots and continued strong test demand.

Q4 2020 revenue was $759 million, up 16% year-over-year.

GAAP EPS for Q4 2020 was $1.05, compared to $0.69 in Q4 2019.

Non-GAAP EPS for Q4 2020 was $1.10, compared to $0.88 in Q4 2019.

Industrial Automation revenue grew by 4% year-over-year and 34% from Q3 2020.

Total Revenue
$759M
Previous year: $655M
+15.9%
EPS
$1.1
Previous year: $0.88
+25.0%
Gross Profit
$450M
Previous year: $383M
+17.4%
Cash and Equivalents
$914M
Previous year: $774M
+18.1%
Free Cash Flow
$222M
Previous year: $178M
+25.1%
Total Assets
$3.65B
Previous year: $2.79B
+31.0%

Teradyne

Teradyne

Teradyne Revenue by Segment

Forward Guidance

Teradyne expects revenue between $720 million and $780 million for Q1 2021, with GAAP net income per diluted share between $0.86 and $1.00 and non-GAAP net income per diluted share between $0.95 and $1.11.

Revenue & Expenses

Visualization of income flow from segment revenue to net income