Restructuring and Other

6 Months Ended

Jun. 29, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Other

Q. RESTRUCTURING AND OTHER

During the three months ended June 29, 2025, Teradyne recorded $2.3 million of severance charges, $0.8 million of which is related to the Robotics restructuring which was initiated during the three months ended March 30, 2025, and impacted approximately 150 employees. During the three months ended June 29, 2025, Teradyne made $3.9 million of Robotics severance payments. Teradyne expects all Robotics severance payments to be made prior to the end of our third quarter.

During the three months ended June 30, 2024, Teradyne recorded $2.0 million of severance charges related to headcount reductions of 35 people, primarily in Robotics.

During the six months ended June 29, 2025, Teradyne recorded $13.7 million of severance charges, $10.0 million of which is related to the Robotics restructuring which impacted approximately 150 employees, and $2.1 million of which related to Product Test. During the six months ended June 29, 2025, Teradyne made $8.1 million of Robotics severance payments. Teradyne expects all Robotics severance payments to be made prior to the end of our third quarter. Additionally, Teradyne recorded $1.6 million of

acquisition and divestiture expenses related primarily to the Quantifi acquisition, and $1.2 million of charges related to lease terminations.

During the six months ended June 30, 2024, Teradyne recorded $2.2 million of acquisition and divestiture expenses related to the Technoprobe transactions, and $4.2 million of severance and other charges, primarily related to headcount reductions of 66 people, primarily in Robotics and Semiconductor Test, which included charges related to a voluntary early retirement program for employees meeting certain conditions.