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Nov 27
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Nov 13
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Teradyne (TER) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $8.82, up $0.16 (1.85%) on volume of 1,929,145 shares traded. The stock is trading up sharply today after EVA Dimensions, LLC upgraded the stock. Over the...
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Oct 29
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Automated test equipment vendor Teradyne posted a GAAP net income from continuing operations of $6.7 million on revenue of $262 million for the third quarter, the company said.
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Oct 28
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Teradyne Inc. on Wednesday reported third-quarter net income of $6.7 million, or 4 cents a share, compared to a loss of $22.7 million, or 13 cents a share in the same period last year. The supplier of automatic test equipment for the electronics,...
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Oct 28
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Teradyne, Inc. (NYSE: TER) reported revenue of $262 million for the third quarter of 2009. Semiconductor Test revenue totaled $173 million and Systems Test Group revenue totaled $89 million. On a non-GAAP basis, Teradyne’s income from continuing
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Oct 19
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Oct 16
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Teradyne, Inc. (NYSE: TER) will release financial results for the third quarter 2009 on Wednesday, October 28 at 6:30 p.m. Eastern Daylight Time (EDT) or later. A conference call to discuss the third quarter results, along with management's business
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Oct 13
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Teradyne (NYSE: TER) announced the signing of an exclusive development agreement with Teseda Corporation to produce Scan Workbench™, a next-generation portable scan debug and yield enhancement tool. Based on industry-standard data protocols and the
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Oct 13
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IndexUniverse.eu examines the array of costs facing the average European fund investor and compares indexed funds with their actively managed counterparts.
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more ▼WIKI ANALYSIS
WIKI ANALYSISTOP CONTRIBUTORS
TER AT A GLANCE
Teradyne (NYSE: TER)
Company Overview
Business and Financial Metrics
TER Net Revenue, Gross Margin, and Net Income[1]
TER Net Revenue by Region[2]
Teradyne has consistently invested in engineering and development over the past three years, spending 20.7%, 14.9%, and 18.6% of total revenue in 2005, 2006, and 2007 respectively.[3]
| Engineering and Development Expenses (Million USD / % of Total Revenue)[4] | 2005 | 2006 | 2007 |
| Engineering and Development | $216.4 / 20.7% | $202.4 / 14.9% | $204.3 / 18.6% |
Teradyne's customers have the ability to cancel orders suddenly, subject to possible cancellation penalties. The company has faced many cancelled orders due to the highly unpredictable end markets in the semiconductor industry. Accurately predicting cancellations and minimizing backlog presents a challenge for Teradyne, which has reported significant backlog in 2005, 2006 and 2007.[5] Test equipment that is backlogged instead of sold still contributes to production costs, but does not generate any revenue, thus lowering net income.
| Teradyne Backlog by Segment (Million USD / % of Total Segment Bookings)[6] | 2005 | 2006 | 2007 |
| Semiconductor Test | $289.7 / 32.9% | $212.4 / 21.0% | $236.2 / 26.3% |
| Systems Test Group | $117.1 / 44.9% | $120.2 / 44.4% | $102.5 / 49.2% |
Teradyne does business around the world, with 77% of 2007 net revenue coming from outside the United States.[7]
| Net Revenue by Region (Million USD / % of Total Revenue)[8] | 2005 | 2006 | 2007 |
| United States | $229.9 / 22% | $311.9 / 23% | $253.5 / 23% |
| South East Asia | $250.8 / 24% | $325.5 / 24% | $242.5 / 22% |
| Europe | $156.8 / 15% | $189.9 / 14% | $132.3 / 12% |
| Taiwan | $135.9 / 13% | $189.9 / 14% | $143.3 / 13% |
| Japan | $94.1 / 9% | $162.7 / 12% | $132.3 / 12% |
| Singapore | $146.3 / 14% | $149.2 / 11% | $165.3 / 15% |
| Other International | $31.4 / 3% | $27.1 / 2% | $33.1 / 3% |
Business Segments
TER Net Revenue by Business Segment[9]
- Semiconductor Test (80% of Net Revenue) - Teradyne's core semiconductor test segment provides automatic test equipment used by semiconductor manufacturers to improve product quality, reduce time to market, increase production yields, and evaluate product performance.[10] The FLEX Test Platform performs multi-site tests, or tests of many devices and functions in parallel.[11] Semiconductor manufacturers use the multi-site capabilities of the FLEX Platform to improve "Cost of Test" economics, using one test to evaluate all of the necessary capabilities of their specific semiconductor technology.[12] The FLEX Test Platform also has an open architecture, so customizations can be made easily.[13] The FLEX Platform's versatility appeals to manufacturers of semiconductors that have very specific criteria, such as semiconductors in communications and automotive devices. The J750 test system is designed to test large quantities of the basic semiconductors, such as microcontrollers, that are central to most consumer electronics products.[14] Nextest Systems' (NYSE: NEXT), acquired in January 2008, core technology of flash memory semiconductor tests will also be incorporated into this segment.[15]
- Systems Test Group (20% of Net Revenue) - Teradyne's systems test group consists of three business units: Military/Aerospace Test, Commercial Board Test, and Diagnostic Solutions.[16] Teradyne makes equipment used both to test new electronics systems, such as tactical air to missle systems, as well as upgrades of existing systems in military and commercial aircraft.[17] The Commercial Board Test business unit consists of products that test and inspect the complex circuit boards used in cell phones, computers, servers, automobiles and avionics systems.[18] Increasing complexity of these boards leaves them more vulnerable to assembly error, so advanced testing and inspection hardware and software is necessary to ensure product quality. The Diagnostic Solutions business unit consists of equipment used to diagnose problems in automotive electronic systems, such as navigation and climate control systems.[19]
| Net Revenue by Segment (Million USD / % of Total Net Revenue)[20] | 2005 | 2006 | 2007 |
| Semiconductor Test | $814.2 / 77.9% | $1088.9 / 80.3% | $876.5 / 79.5% |
| Systems Test Group | $230.9 / 22.1% | $267.3 / 19.7% | $225.8 / 20.5% |
Key Trends and Forces
Competition
References
- ↑ TER 2007 10-k pg. 18
- ↑ TER 2007 10-k pg. 24
- ↑ TER 2007 10-k pg. 26
- ↑ TER 2007 10-k pg. 26
- ↑ TER 2007 10-k pg. 23
- ↑ TER 2007 10-k pg. 23
- ↑ TER 2007 10-k pg. 24
- ↑ TER 2007 10-k pg. 24
- ↑ TER 2007 10-k pg. 24
- ↑ TER 2007 10-k pg. 3
- ↑ TER 2007 10-k pg. 4
- ↑ TER 2007 10-k pg. 4
- ↑ TER 2007 10-k pg. 4
- ↑ TER 2007 10-k pg. 4
- ↑ TER 2007 10-k pg. 2
- ↑ TER 2007 10-k pg. 5
- ↑ TER 2007 10-k pg. 5
- ↑ TER 2007 10-k pg. 5
- ↑ TER 2007 10-k pg. 6
- ↑ TER 2007 10-k pg. 23
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