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Dec 31, 2023

Teradyne Q4 2023 Earnings Report

Reported Q4 2023 results, with revenue of $671 million and GAAP EPS of $0.72.

Key Takeaways

Teradyne reported Q4 2023 revenue of $671 million, a decrease of 8% compared to Q4 2022. GAAP EPS was $0.72, while non-GAAP EPS was $0.79. Record robotics revenue was achieved, up 50% from Q3 2023 and 17% from Q4 2022.

Q4 2023 revenue was $671 million, down 8% year-over-year.

GAAP EPS for Q4 2023 was $0.72.

Non-GAAP EPS for Q4 2023 was $0.79.

Record robotics revenue was achieved, up 50% from Q3 2023 and 17% from Q4 2022.

Total Revenue
$671M
Previous year: $732M
-8.4%
EPS
$0.79
Previous year: $0.92
-14.1%
Gross Profit
$380M
Previous year: $420M
-9.7%
Cash and Equivalents
$758M
Previous year: $855M
-11.4%
Free Cash Flow
$204M
Previous year: $149M
+37.4%
Total Assets
$3.49B
Previous year: $3.5B
-0.4%

Teradyne

Teradyne

Teradyne Revenue by Segment

Forward Guidance

Guidance for the first quarter of 2024 is revenue of $540 million to $590 million, with GAAP net income of $0.19 to $0.35 per diluted share and non-GAAP net income of $0.22 to $0.38 per diluted share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income