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TERADYNE INC

For the period ended Sep 29, 2024. Filed Nov 1, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 29, 2024 · Filed Nov 1, 2024

TER$246.00+12.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 29,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to ________

Commission File No.001-06462

(Exact name of registrant as specified in its charter)

Massachusetts04-2272148
(State or Other Jurisdiction ofIncorporation or Organization)(I.R.S. EmployerIdentification No.)
600 Riverpark Drive, North Reading,Massachusetts01864
(Address of Principal Executive Offices)(Zip Code)

978-370-2700

(Registrant’s Telephone Number, Including Area Code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTradingSymbol(s)Name of each exchangeon which registered
Common Stock, par value $0.125per shareTERNasdaq Stock Market LLC

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to the filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files)Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act (check one):

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Emerging growth company☐
Smaller reporting company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

The number of shares outstanding of the registrant’s only class of Common Stock as of October 28, 2024, was 162,861,462 shares.

INDEX

Page No.
PART I. FINANCIAL INFORMATION
Item 1.Financial Statements (Unaudited):1
Condensed Consolidated Balance Sheets as of September 29, 2024, and December 31, 20231
f
Condensed Consolidated Statements of Operations for the Three and Nine Months ended September 29, 2024, and October 1, 20232
Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months ended September 29, 2024, and October 1, 20233
Condensed Statements of Shareholders’ Equity for the Three and Nine Months Ended September 29, 2024, and October 1, 20234
d
Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 29, 2024, and October 1, 20235
Notes to Condensed Consolidated Financial Statements6
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations30
Item 3.Quantitative and Qualitative Disclosures about Market Risk40
Item 4.Controls and Procedures40
PART II. OTHER INFORMATION
Item 1.Legal Proceedings41
Item 1A.Risk Factors41
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds42
Item 4.Mine Safety Disclosures42
Item 5.Other Information43
Item 6.Exhibits44
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