Revenue

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue

E.    REVENUE

Disaggregation of Revenue

The following table provides information about disaggregated revenue by timing of revenue recognition, primary geographical market, and major product lines.

	Semiconductor Test						Industrial Automation						Wireless Test		Corporate and Other			Total
	System- on-a-chip		Memory		System Test		Universal Robots		Mobile Industrial Robots		AutoGuide
	(in thousands)
For the Year Ended December 31, 2021 (1)
Timing of Revenue Recognition
Point in Time	$	1,989,979	$	365,441	$	409,383	$	305,512	$	60,778	$	106	$	204,247	$	—		$	3,335,446
Over Time		256,751		30,171		58,356		5,670		2,766		1,073		12,648		—			367,435
Total	$	2,246,730	$	395,612	$	467,739	$	311,182	$	63,544	$	1,179	$	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		24,890		1,179		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	$	63,544	$	1,179	$	216,895	$	—		$	3,702,881
For the Year Ended December 31, 2020 (1)
Timing of Revenue Recognition
Point in Time	$	1,659,414	$	363,324	$	348,454	$	214,212	$	44,622	$	10,911	$	163,834	$	(604	)	$	2,804,167
Over Time		217,975		18,884		61,275		7,269		211		2,506		9,182		—			317,302
Total	$	1,877,389	$	382,208	$	409,729	$	221,481	$	44,833	$	13,417	$	173,016	$	(604	)	$	3,121,469
Geographical Market
Asia Pacific	$	1,744,593	$	364,000	$	258,521	$	60,277	$	6,471	$	—	$	143,969	$	—		$	2,577,831
Americas		77,671		12,999		128,482		64,164		16,769		13,417		22,544		(604	)		335,442
Europe, Middle East and Africa		55,125		5,209		22,726		97,040		21,593		—		6,503		—			208,196
Total	$	1,877,389	$	382,208	$	409,729	$	221,481	$	44,833	$	13,417	$	173,016	$	(604	)	$	3,121,469
For the Year Ended December 31, 2019 (1)
Timing of Revenue Recognition
Point in Time	$	1,070,375	$	247,221	$	237,686	$	244,515	$	44,329	$	1,144	$	148,322	$	(515	)	$	1,993,077
Over Time		216,065		18,910		49,769		7,843		74		234		8,993		—			301,888
Total	$	1,286,440	$	266,131	$	287,455	$	252,358	$	44,403	$	1,378	$	157,315	$	(515	)	$	2,294,965
Geographical Market
Asia Pacific	$	1,152,881	$	238,714	$	132,826	$	68,027	$	9,513	$	—	$	126,549	$	—		$	1,728,510
Americas		73,257		23,826		129,840		71,926		14,438		1,378		24,234		(515	)		338,384
Europe, Middle East and Africa		60,302		3,591		24,789		112,405		20,452		—		6,532		—			228,071
Total	$	1,286,440	$	266,131	$	287,455	$	252,358	$	44,403	$	1,378	$	157,315	$	(515	)	$	2,294,965

(1) Includes $13.2 million, $10.0 million and $8.4 million in 2021, 2020 and 2019, respectively, for leases of Teradyne’s systems recognized outside of ASC 606: “Revenue from Contracts with Customers.”

Contract Balances

For the years ended December 31, 2021, 2020 and 2019, Teradyne recognized $102.5 million, $91.0 million and $65.6 million, respectively, that was included within the deferred revenue and customer advances balances at the beginning of the period. This revenue primarily relates to undelivered hardware, extended warranties, training, application support, and post contract support. Each of these represents a distinct performance

obligation. As of December 31, 2021, Teradyne has $1,306.0 million of unsatisfied performance obligations. Teradyne expects to recognize 92% of the remaining performance obligation in the next 12 months, 8% in 1-3 years, and the remainder thereafter.