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Dec 31, 2024

Teradyne Q4 2024 Earnings Report

Teradyne reported Q4 2024 results with revenue at $753 million, up 12% from Q4 2023, driven by strong AI-related demand.

Key Takeaways

Teradyne's Q4 2024 revenue reached $753 million, a 12% increase year-over-year, driven by strong AI-related demand and improved broader market dynamics. GAAP EPS was $0.90, and non-GAAP EPS was $0.95. The company expects year-over-year revenue acceleration in 2025 with improving conditions in test businesses.

Q4 revenue was $753 million, up 12% from Q4 2023.

GAAP EPS for Q4 was $0.90.

Non-GAAP EPS for Q4 was $0.95.

Q4 growth was driven by strong AI-related demand and improved broader market dynamics.

Total Revenue
$753M
Previous year: $671M
+12.3%
EPS
$0.95
Previous year: $0.79
+20.3%
Gross Profit
$447M
Previous year: $380M
+17.8%
Cash and Equivalents
$553M
Previous year: $758M
-27.0%
Free Cash Flow
$225M
Previous year: $204M
+10.1%
Total Assets
$3.71B
Previous year: $3.49B
+6.4%

Teradyne

Teradyne

Teradyne Revenue by Segment

Forward Guidance

Teradyne anticipates first quarter 2025 revenue between $660 million and $700 million, with GAAP net income per diluted share between $0.48 and $0.59 and non-GAAP net income per diluted share between $0.58 and $0.68.