Revenue (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregated Revenue by Primary Geographical Market, Major Product Line and Timing of Revenue Recognition

The following table provides information about disaggregated revenue by timing of revenue recognition, primary geographical market, and major product lines.

		Semiconductor Test				System Test		Robotics				Wireless Test
		System on-a-Chip		Memory				Universal Robots		Mobile Industrial Robots				Total
	(in thousands)
For the Three Months Ended June 30, 2024 (1)
Timing of Revenue Recognition
Point in Time		$	343,536	$	121,662	$	43,519	$	72,722	$	15,495	$	32,273	$	629,207
Over Time			70,048		7,318		17,282		1,863		167		3,994		100,672
Total		$	413,584	$	128,980	$	60,801	$	74,585	$	15,662	$	36,267	$	729,879
Geographical Market
Asia Pacific		$	381,631	$	124,497	$	21,259	$	14,756	$	5,447	$	29,293	$	576,883
Americas			20,211		3,254		28,684		29,900		5,110		4,901		92,060
Europe, Middle East and Africa			11,742		1,229		10,858		29,929		5,105		2,073		60,936
Total		$	413,584	$	128,980	$	60,801	$	74,585	$	15,662	$	36,267	$	729,879
For the Three Months Ended July 2, 2023 (1)
Timing of Revenue Recognition
Point in Time		$	282,080	$	112,547	$	76,801	$	55,737	$	12,770	$	40,261	$	580,196
Over Time			72,614		7,467		17,471		2,116		1,011		3,562		104,241
Total		$	354,694	$	120,014	$	94,272	$	57,853	$	13,781	$	43,823	$	684,437
Geographical Market
Asia Pacific		$	303,062	$	115,250	$	41,644	$	14,883	$	2,291	$	22,362	$	499,492
Americas			32,191		4,286		40,163		22,832		6,086		19,491		125,049
Europe, Middle East and Africa			19,441		478		12,465		20,138		5,404		1,970		59,896
Total		$	354,694	$	120,014	$	94,272	$	57,853	$	13,781	$	43,823	$	684,437
For the Six Months Ended June 30, 2024 (2)
Timing of Revenue Recognition
Point in Time		$	573,127	$	224,098	$	101,592	$	138,615	$	34,785	$	53,187	$	1,125,405
Over Time			142,764		14,828		34,531		3,731		770		7,669		204,293
Total		$	715,891	$	238,926	$	136,123	$	142,346	$	35,555	$	60,856	$	1,329,698
Geographical Market
Asia Pacific		$	652,197	$	220,103	$	47,040	$	26,381	$	8,401	$	46,434	$	1,000,557
Americas			42,762		12,306		65,278		49,905		19,735		10,725		200,711
Europe, Middle East and Africa			20,932		6,517		23,805		66,060		7,419		3,697		128,430
Total		$	715,891	$	238,926	$	136,123	$	142,346	$	35,555	$	60,856	$	1,329,698
For the Six Months Ended July 2, 2023 (2)
Timing of Revenue Recognition
Point in Time		$	555,354	$	173,805	$	133,658	$	125,760	$	28,735	$	75,624	$	1,092,937
Over Time			146,173		14,384		35,245		4,124		2,229		6,874		209,029
Total		$	701,528	$	188,189	$	168,903	$	129,884	$	30,964	$	82,498	$	1,301,966
Geographical Market
Asia Pacific		$	586,321	$	178,945	$	81,234	$	28,100	$	3,793	$	45,593	$	923,986
Americas			73,759		7,230		69,143		43,273		17,898		32,337		243,640
Europe, Middle East and Africa			41,448		2,014		18,526		58,511		9,273		4,568		134,340
Total		$	701,528	$	188,189	$	168,903	$	129,884	$	30,964	$	82,498	$	1,301,966

(1)Includes $0.8 million and $1.3 million in 2024 and 2023, respectively, for leases of Teradyne’s systems recognized outside Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers.”

(2)Includes $1.7 million and $2.5 million in 2024 and 2023, respectively, for leases of Teradyne’s systems recognized outside Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers.”

Deferred Revenue and Customer Advances

Deferred revenue and customer advances consist of the following and are included in short and long-term deferred revenue and customer advances on the balance sheet:

	June 30, 2024		December 31, 2023
	(in thousands)
Maintenance, service and training	$	62,001	$	66,458
Customer advances, undelivered elements and other		43,621		35,731
Extended warranty		33,512		34,897
Total deferred revenue and customer advances	$	139,134	$	137,086