Teradyne, Inc. Files Q2 2024 10-Q
Ticker: TER · Form: 10-Q · Filed: Aug 2, 2024 · CIK: 97210
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
TER's Q2 10-Q is in - check financials for latest performance.
AI Summary
Teradyne, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Key financial data and segment performance are presented, with specific disclosures related to assets, liabilities, and equity.
Why It Matters
This 10-Q filing provides investors and analysts with a detailed look into Teradyne's financial health and operational performance during the second quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 20240630 — Period End Date (Financial reporting period)
- 20240802 — Filing Date (Date the report was submitted to the SEC)
Key Players & Entities
- TERADYNE, INC (company) — Filer
- 0000950170-24-089858 (other) — Accession Number
- 20240630 (date) — Period of Report
- 20240802 (date) — Filing Date
- MA (other) — State of Incorporation
- 3825 (other) — Standard Industrial Classification Code
- 042272148 (other) — IRS Number
- 978-370-2700 (other) — Business Phone Number
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, indicating the filing covers the period ending June 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20240802, as indicated by the 'FILED AS OF DATE' and 'DATE AS OF CHANGE'.
What is Teradyne, Inc.'s Standard Industrial Classification (SIC) code?
Teradyne, Inc.'s SIC code is 3825, which corresponds to 'INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS'.
What is the company's state of incorporation?
The company's state of incorporation is MA (Massachusetts).
What is the business phone number listed for Teradyne, Inc.?
The business phone number listed is 978-370-2700.
Filing Stats: 4,291 words · 17 min read · ~14 pages · Grade level 18.3 · Accepted 2024-08-02 15:06:00
Key Financial Figures
- $0.125 — h registered Common Stock , par value $0.125 per share TER Nasdaq Stock Market
Filing Documents
- ter-20240630.htm (10-Q) — 3956KB
- ter-ex10_1.htm (EX-10.1) — 44KB
- ter-ex31_1.htm (EX-31.1) — 13KB
- ter-ex31_2.htm (EX-31.2) — 13KB
- ter-ex32_1.htm (EX-32.1) — 7KB
- ter-ex32_2.htm (EX-32.2) — 7KB
- 0000950170-24-089858.txt ( ) — 19146KB
- ter-20240630.xsd (EX-101.SCH) — 2182KB
- ter-20240630_htm.xml (XML) — 4973KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited): 1 Condensed Consolidated Balance Sheets as of June 30, 2024, and December 31, 2023 1 f Condensed Consolidated Statements of Operations for the Three and Six Months ended June 30, 2024 and July 2, 2023 2 Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months ended June 30, 2024, and July 2, 2023 3 Condensed Statements of Shareholders' Equity for the Three and Six Months Ended June 30, 2024, and July 2, 2023 4 d Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024, and July 2, 2023 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 29 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 39 Item 4.
Controls and Procedures
Controls and Procedures 39
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 40 Item 1A.
Risk Factors
Risk Factors 40 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 41 Item 4. Mine Safety Disclosures 41 Item 5. Other Information 42 Item 6. Exhibits 43 PART I
: Financial Statements
Item 1: Financial Statements TERADYNE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) June 30, 2024 December 31, 2023 (in thousands, except per share amount) ASSETS Current assets: Cash and cash equivalents $ 421,904 $ 757,571 Marketable securities 38,654 62,154 Accounts receivable, less allowance for credit losses of $ 1,944 and $ 1,988 at June 30, 2024 and December 31, 2023, respectively 470,297 422,124 Inventories, net 288,748 309,974 Prepayments 515,906 548,970 Other current assets 20,884 37,992 Current assets held for sale — 23,250 Total current assets 1,756,393 2,162,035 Property, plant and equipment, net 472,457 445,492 Operating lease right-of-use assets, net 72,381 73,417 Marketable securities 123,723 117,434 Deferred tax assets 192,901 175,775 Retirement plans assets 11,293 11,504 Equity method investment 524,060 — Other assets 47,923 38,580 Acquired intangible assets, net 25,465 35,404 Goodwill 405,110 415,652 Long-term assets held for sale — 11,531 Total assets $ 3,631,706 $ 3,486,824 LIABILITIES Current liabilities: Accounts payable $ 160,808 $ 180,131 Accrued employees' compensation and withholdings 161,187 191,750 Deferred revenue and customer advances 102,988 99,804 Other accrued liabilities 108,746 114,712 Operating lease liabilities 18,280 17,522 Income taxes payable 74,365 48,653 Current liabilities held for sale — 7,379 Total current liabilities 626,374 659,951 Retirement plans liabilities 135,167 132,090 Long-term deferred revenue and customer advances 36,146 37,282 Long-term other accrued liabilities 16,632 19,998 Deferred tax liabilities 96 183 Long-term operating lease liabilities 61,883 65,092 Long-term incomes taxes payable 24,596 44,331 Long-term liabilities held for sale — 2,000 Total liabilities