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Revenue (Tables)
12 Months Ended
Dec. 31, 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

 

 

Corporate
and
Eliminations

 

 

Total

 

 

(in thousands)

 

For the Year Ended December 31, 2023 (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Timing of Revenue Recognition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Point in Time

 

$

1,141,882

 

 

$

356,417

 

 

$

268,379

 

 

$

296,252

 

 

$

66,986

 

 

$

129,399

 

 

$

 

 

$

2,259,315

 

Over Time

 

 

290,739

 

 

 

29,598

 

 

 

69,818

 

 

 

7,540

 

 

 

4,405

 

 

 

14,883

 

 

 

 

 

 

416,983

 

Total

 

$

1,432,621

 

 

$

386,015

 

 

$

338,197

 

 

$

303,792

 

 

$

71,391

 

 

$

144,282

 

 

$

 

 

$

2,676,298

 

Geographical Market

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asia Pacific

 

$

1,214,322

 

 

$

366,151

 

 

$

153,387

 

 

$

63,312

 

 

$

10,424

 

 

$

85,415

 

 

$

 

 

$

1,893,011

 

Americas

 

 

117,728

 

 

 

11,367

 

 

 

151,579

 

 

 

111,761

 

 

 

36,191

 

 

 

50,770

 

 

 

 

 

 

479,396

 

Europe, Middle East and Africa

 

 

100,571

 

 

 

8,497

 

 

 

33,231

 

 

 

128,719

 

 

 

24,776

 

 

 

8,097

 

 

 

 

 

 

303,891

 

Total

 

$

1,432,621

 

 

$

386,015

 

 

$

338,197

 

 

$

303,792

 

 

$

71,391

 

 

$

144,282

 

 

$

 

 

$

2,676,298

 

For the Year Ended December 31, 2022 (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Timing of Revenue Recognition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Point in Time

 

$

1,445,238

 

 

$

344,693

 

 

$

402,074

 

 

$

317,514

 

 

$

73,812

 

 

$

189,040

 

 

$

251

 

 

$

2,772,622

 

Over Time

 

 

261,646

 

 

 

29,013

 

 

 

67,272

 

 

 

8,218

 

 

 

3,594

 

 

 

12,680

 

 

 

 

 

 

382,423

 

Total

 

$

1,706,884

 

 

$

373,706

 

 

$

469,346

 

 

$

325,732

 

 

$

77,406

 

 

$

201,720

 

 

$

251

 

 

$

3,155,045

 

Geographical Market

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asia Pacific

 

$

1,514,964

 

 

$

360,176

 

 

$

294,350

 

 

$

73,930

 

 

$

15,724

 

 

$

140,767

 

 

$

 

 

$

2,399,911

 

Americas

 

 

122,575

 

 

 

11,987

 

 

 

146,040

 

 

 

112,203

 

 

 

35,213

 

 

 

47,350

 

 

 

251

 

 

 

475,619

 

Europe, Middle East and Africa

 

 

69,345

 

 

 

1,543

 

 

 

28,956

 

 

 

139,599

 

 

 

26,469

 

 

 

13,603

 

 

 

 

 

 

279,515

 

Total

 

$

1,706,884

 

 

$

373,706

 

 

$

469,346

 

 

$

325,732

 

 

$

77,406

 

 

$

201,720

 

 

$

251

 

 

$

3,155,045

 

For the Year Ended December 31, 2021 (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Timing of Revenue Recognition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Point in Time

 

$

1,989,979

 

 

$

365,441

 

 

$

409,383

 

 

$

305,512

 

 

$

60,884

 

 

$

204,247

 

 

$

 

 

$

3,335,446

 

Over Time

 

 

256,751

 

 

 

30,171

 

 

 

58,356

 

 

 

5,670

 

 

 

3,839

 

 

 

12,648

 

 

 

 

 

 

367,435

 

Total

 

$

2,246,730

 

 

$

395,612

 

 

$

467,739

 

 

$

311,182

 

 

$

64,723

 

 

$

216,895

 

 

$

 

 

$

3,702,881

 

Geographical Market

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asia Pacific

 

$

2,076,647

 

 

$

381,444

 

 

$

306,812

 

 

$

81,456

 

 

$

12,919

 

 

$

172,103

 

 

$

 

 

$

3,031,381

 

Americas

 

 

102,702

 

 

 

10,665

 

 

 

135,230

 

 

 

94,897

 

 

 

26,069

 

 

 

36,173

 

 

 

 

 

 

405,736

 

Europe, Middle East and Africa

 

 

67,381

 

 

 

3,503

 

 

 

25,697

 

 

 

134,829

 

 

 

25,735

 

 

 

8,619

 

 

 

 

 

 

265,764

 

Total

 

$

2,246,730

 

 

$

395,612

 

 

$

467,739

 

 

$

311,182

 

 

$

64,723

 

 

$

216,895

 

 

$

 

 

$

3,702,881

 

 

(1)
Includes $5.2 million, $8.2 million and $13.2 million in 2023, 2022 and 2021, respectively, for leases of Teradyne’s systems recognized outside of ASC 606: “Revenue from Contracts with Customers.”