Shareholders' Equity

3 Months Ended

Mar. 29, 2026

Equity [Abstract]

Shareholders' Equity

U. SHAREHOLDERS’ EQUITY

Stock Repurchase Program

In January 2023, Teradyne’s Board of Directors cancelled its January 2021 repurchase program and approved a new repurchase program for up to $2.0 billion of common stock. As of January 1, 2023, share repurchases in excess of issuances are subject to a 1% excise tax, which is included as part of the cost basis of the shares acquired.

During the three months ended March 29, 2026, Teradyne repurchased less than 0.1 million shares of common stock for a total cost of $5.5 million at an average price of $229.00 per share. The cumulative repurchases under the January 2023 repurchase program as of March 29, 2026, were 12.0 million shares of common stock for $1,314.2 million at an average price per share of $109.62.

During the three months ended March 30, 2025, Teradyne repurchased 1.5 million shares of common stock for a total cost of $158.7 million at an average price of $107.21 per share.

The total cost of shares acquired includes commissions and related excise tax and is recorded as a reduction to retained earnings.

Dividends

Holders of Teradyne’s common stock are entitled to receive dividends when they are declared by Teradyne’s Board of Directors.

In January 2026, and January 2025, Teradyne’s Board of Directors declared a quarterly cash dividend of $0.13 and $0.12 per share, respectively. Dividend payments for the three months ended March 29, 2026, and March 30, 2025 were $20.4 million and $19.4 million, respectively.