Edwyn
Over the five-year period, TERADYNE’s revenue peaked in 2021 at approximately USD 3.70 billion before experiencing notable declines. After the growth from 2020 (USD 3.12 billion) to 2021, revenue dipped to around USD 3.16 billion in 2022 and further dropped to approximately USD 2.68 billion in 2023, followed by a modest recovery to about USD 2.82 billion in 2024. This trend is mirrored in gross profit, which increased from USD 1.79 billion in 2020 to USD 2.21 billion in 2021 but then fell to USD 1.87 billion in 2022 and declined further to roughly USD 1.54 billion in 2023, before partially rebounding to USD 1.65 billion in 2024. The pronounced downturn between 2021 and 2023 is particularly notable, with operating income falling from over USD 1.20 billion in 2021 to just over USD 500 million in 2023—a decline exceeding 50%. Net income followed suit, decreasing from about USD 1.01 billion in 2021 to roughly USD 449 million in 2023. In the context of the semiconductor and electronics testing industry in which TERADYNE operates, these swings could reflect challenges such as market consolidation, competitive pricing, or adjustments in customer demand during economically volatile periods. The recovery in 2024 suggests some stabilization, yet the sharp declines in operating and net income warrant closer scrutiny into cost structure and operational efficiency. Overall, while TERADYNE maintained profitability throughout the period, the significant year-over-year declines indicate that sustaining margins and reversing revenue losses will be crucial for long-term financial health and sustainability.
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.