Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $3,121 | $3,703 | $3,155 | $2,676 | $2,820 |
| Gross Profit | $1,786 | $2,207 | $1,867 | $1,537 | $1,649 |
| Operating Income | $928 | $1,201 | $832 | $501 | $594 |
| Net Income | $784 | $1,015 | $716 | $449 | $542 |
Over the five-year period, Teradyne’s income statement shows some notable volatility. In 2021, the company achieved its peak revenue of approximately USD 3.70 billion, representing a substantial increase of about 18.6% from USD 3.12 billion in 2020. Gross profit similarly increased by roughly 23.6%, while operating income and net income expanded by about 29% each. However, after 2021, the company experienced significant declines. Revenues fell by nearly 15% in 2022, accompanied by declines in gross profit, operating income, and net income of around 15%, 30.7%, and 29.5% respectively. The downward trend continued into 2023, with revenue, gross profit, operating income, and net income dropping approximately 15%, 17.7%, 39.8%, and 37.3% from 2022 levels—a clear instance of a >20% swing in key profitability metrics. In 2024, there are signs of recovery with revenue and profit metrics rebounding: revenue increased by about 5.3%, gross profit by 7.3%, operating income by 18.4%, and net income by 20.7% compared to 2023. Given Teradyne’s role as a provider of automatic test equipment in the semiconductor industry—a market known for its cyclicality—these fluctuations could be reflecting broader industry trends, such as shifts in semiconductor demand and capital expenditures by device manufacturers. Overall, while the significant dips in 2022 and 2023 raise concerns about operational pressures affecting margins, the 2024 recovery suggests the company may be adapting to changing market conditions, pointing to a cautious yet sustainable financial outlook.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.