Revenue (Tables)

9 Months Ended

Oct. 01, 2023

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						Robotics
		System on-a-Chip		Memory		System Test		Universal Robots		Mobile Industrial Robots		Wireless Test		Total
	(in thousands)
For the Three Months Ended October 1, 2023 (1)
Timing of Revenue Recognition
Point in Time		$	330,846	$	86,247	$	66,418	$	68,938	$	14,012	$	32,638	$	599,099
Over Time			73,264		7,506		16,785		1,607		1,135		4,336		104,633
Total		$	404,110	$	93,753	$	83,203	$	70,545	$	15,147	$	36,974	$	703,732
Geographical Market
Asia Pacific		$	360,375	$	91,352	$	40,464	$	15,430	$	3,180	$	24,727	$	535,528
Americas			24,752		1,356		35,888		26,073		7,154		10,139		105,362
Europe, Middle East and Africa			18,983		1,045		6,851		29,042		4,813		2,108		62,842
Total		$	404,110	$	93,753	$	83,203	$	70,545	$	15,147	$	36,974	$	703,732
For the Three Months Ended October 2, 2022 (1)
Timing of Revenue Recognition
Point in Time		$	383,801	$	117,943	$	93,248	$	71,300	$	15,025	$	42,885	$	724,202
Over Time			66,614		7,346		22,906		2,062		680		3,263		102,871
Total		$	450,415	$	125,289	$	116,154	$	73,362	$	15,705	$	46,148	$	827,073
Geographical Market
Asia Pacific		$	399,323	$	122,839	$	73,768	$	18,850	$	2,917	$	34,420	$	652,117
Americas			31,719		2,129		35,865		26,515		8,877		9,481		114,586
Europe, Middle East and Africa			19,373		321		6,521		27,997		3,911		2,247		60,370
Total		$	450,415	$	125,289	$	116,154	$	73,362	$	15,705	$	46,148	$	827,073
For the Nine Months Ended October 1, 2023 (2)
Timing of Revenue Recognition
Point in Time		$	886,201	$	260,052	$	200,076	$	194,698	$	42,748	$	108,262	$	1,692,038
Over Time			219,436		21,890		52,030		5,731		3,364		11,210		313,661
Total		$	1,105,638	$	281,942	$	252,106	$	200,429	$	46,112	$	119,472	$	2,005,699
Geographical Market
Asia Pacific		$	946,696	$	270,297	$	121,698	$	43,530	$	6,973	$	70,320	$	1,459,514
Americas			98,511		8,586		105,031		69,346		25,051		42,476		349,001
Europe, Middle East and Africa			60,431		3,059		25,377		87,553		14,088		6,676		197,184
Total		$	1,105,638	$	281,942	$	252,106	$	200,429	$	46,112	$	119,472	$	2,005,699
For the Nine Months Ended October 2, 2022 (2)
Timing of Revenue Recognition
Point in Time		$	1,102,467	$	281,456	$	317,230	$	234,352	$	49,570	$	152,079	$	2,137,154
Over Time			193,996		21,473		52,295		6,268		2,582		9,441		286,055
Total		$	1,296,463	$	302,929	$	369,525	$	240,620	$	52,152	$	161,520	$	2,423,209
Geographical Market
Asia Pacific		$	1,153,599	$	294,986	$	243,135	$	54,828	$	10,826	$	113,472	$	1,870,846
Americas			90,148		6,727		105,884		81,857		24,670		36,628		345,914
Europe, Middle East and Africa			52,716		1,216		20,506		103,935		16,656		11,420		206,449
Total		$	1,296,463	$	302,929	$	369,525	$	240,620	$	52,152	$	161,520	$	2,423,209

(1)Includes $1.4 million and $1.8 million in 2023 and 2022, respectively, for leases of Teradyne’s systems recognized outside Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers.”

(2)Includes $3.9 million and $5.9 million in 2023 and 2022, respectively, for leases of Teradyne’s systems recognized outside 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:

	October 1, 2023		December 31, 2022
	(in thousands)
Maintenance, service and training	$	65,720	$	78,089
Extended warranty		38,843		56,180
Customer advances, undelivered elements and other		39,287		59,147
Total deferred revenue and customer advances	$	143,850	$	193,416