---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-009126"
form_type: "8-K"
ticker: "TER"
cik: "0000097210"
company_name: "TERADYNE, INC"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:34:28.472505+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Teradyne Q4 2023 revenue down 8% YoY to $671M; Q1 guidance below Q4

## Summary
- Q4 revenue $671M (-8% YoY); GAAP EPS $0.72 vs $1.04 YoY; Non-GAAP EPS $0.79 vs $0.92 YoY.
- FY2023 revenue $2,676M (-15% YoY); GAAP EPS $2.73 vs $4.22; Non-GAAP EPS $2.93 vs $4.25.
- Record Robotics revenue in Q4, up 50% QoQ and 17% YoY.
- Q1 2024 guidance: revenue $540M-$590M, GAAP EPS $0.19-$0.35, Non-GAAP EPS $0.22-$0.38.
- CEO expects low tester utilization in H1 2024, but full-year semiconductor test demand to improve.

## SEC filing metadata
- accession: 0000950170-24-009126
- form_type: 8-K
- ticker: TER
- cik: 0000097210
- company_name: TERADYNE, INC
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/97210/000095017024009126/0000950170-24-009126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97210/000095017024009126/ter-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-009126
- JSON: https://secwatch.observer/filing/0000950170-24-009126.json
- Plain text: https://secwatch.observer/filing/0000950170-24-009126.txt

## Key facts
- Earnings Releases
  TERADYNE, INC reported the fourth quarter ended December 31, 2023 results: revenue $671 million, net income $117 million, EPS $0.72 per diluted share.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $671 million
  - Net income: $117 million
  - EPS: $0.72 per diluted share
  - Result: reported results
  source text: reported revenue of $671 million for the fourth quarter of 2023 of which $431 million was in Semiconductor Test, $86 million in System Test, $25 million in Wireless Test and $129 million in Robotics. GAAP net income for the fourth quarter was $117 million or $0.72 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/97210/000095017024009126/0000950170-24-009126-index.htm
- Earnings Releases
  TERADYNE, INC reported the fiscal year ended December 31, 2023 results: revenue $2,676 million, EPS $2.73.
  - Period: the fiscal year ended December 31, 2023
  - Revenue: $2,676 million
  - EPS: $2.73
  - Result: reported results
  source text: EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Teradyne Reports Fourth Quarter and Fiscal Year 2023 Results • Revenue of $671 million in Q4'23, down 8% from Q4'22 • Revenue of $2,676 million in FY 2023, down 15% from FY 2022 • Record Robotics revenue in Q4'23, up 50% from Q3'23 and 17% from Q4'22 Q4'23 Q4'22 Q3'23 FY 2023 FY 2022 Revenue (mil) $ 671 $ 732 $ 704 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/97210/000095017024009126/0000950170-24-009126-index.htm
- Earnings Releases
  TERADYNE, INC reported the first quarter of 2024 results: revenue $540 million to $590 million, net income $0.19 to $0.35 per diluted share, EPS $0.19 to $0.35 per diluted share. Guidance initiated.
  - Period: the first quarter of 2024
  - Revenue: $540 million to $590 million
  - Net income: $0.19 to $0.35 per diluted share
  - EPS: $0.19 to $0.35 per diluted share
  - Guidance: initiated
  - Result: guidance update
  source text: Guidance for the first quarter of 2024 is revenue of $540 million to $590 million, with GAAP net income of $0.19 to $0.35 per diluted share and non-GAAP net income of $0.22 to $0.38 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/97210/000095017024009126/0000950170-24-009126-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.