0001193125-26-201058
SEC filingTeradyne's purchase commitments surged to $1.5B, with $0 debt and $0.7B remaining buyback authorization.
As of March 29, 2026, Teradyne held $241.9M in cash and equivalents, plus $152.0M in marketable securities, for total liquidity of $393.9M. The company had no outstanding debt, having fully repaid its $200M revolver during Q1. Shareholders' equity stood at $3.14B. Inventory net of reserves was $362.8M, with reserves of $155.5M.
Total purchase commitments for components and materials were $1.486B, with $1.453B (98%) due within one year—indicating aggressive supply chain positioning to meet demand. No other material contractual obligations were noted.
Teradyne repurchased $5.5M of stock (0.1M shares) at an average price of $229, leaving $0.69B remaining on the January 2023 $2B authorization. Dividends totaled $20.4M, with the quarterly per-share dividend raised to $0.13 (up 8.3% YoY). The company paid down $250M of revolving debt and issued $50M, resulting in net debt reduction of $200M. Capital expenditures were $64.7M, or 5.0% of sales, primarily in Semiconductor Test ($58.5M).
Semiconductor Test generated $1.11B in revenue (86.6% of total), up 105% YoY, with a 42.1% segment margin. Robotics revenue grew 32% to $91.3M but posted a small loss. Product Test revenue rose 8.4% to $80.4M, with a 5.9% margin. Geographically, Asia Pacific accounted for 84% of total revenue, led by Semiconductor Test's 92.5% concentration there. Robotics had a more balanced geographic mix, while Product Test derived half its revenue from the Americas.