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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 29, 2026
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Estimated Fair Value of TSR Performance-Based Restricted Stock Unit Awards Assumptions The grant date fair value was estimated using the Monte Carlo simulation model with the following assumptions:

 

 

 

For the Three Months
 Ended

 

 

 

March 29,
2026

 

 

March 30,
2025

 

Risk-free interest rate

 

 

3.6

%

 

 

4.2

%

Teradyne volatility-historical

 

 

47.5

%

 

 

41.7

%

S&P 500 Constituents volatility-historical

 

 

27.6

%

 

 

 

NYSE Composite Index volatility-historical

 

 

 

 

 

14.9

%

Dividend yield

 

 

0.2

%

 

 

0.4

%

Fair Value of Stock Options Using Assumptions

The fair value of stock options was estimated using the Black-Scholes option-pricing model with the following assumptions:

 

 

 

For the Three Months
 Ended

 

 

 

March 29,
2026

 

 

March 30,
2025

 

Expected life (years)

 

 

3.5

 

 

 

4.0

 

Risk-free interest rate

 

 

3.7

%

 

 

4.3

%

Volatility-historical

 

 

46.9

%

 

 

44.0

%

Dividend yield

 

 

0.2

%

 

 

0.4

%