Every material Form 8-K Teradyne filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Teradyne reported third-quarter 2025 revenue of $769 million, up 4% from $737 million a year earlier, with revenue and earnings at the high end of its Q3 guidance. GAAP earnings per diluted share fell to $0.75 from $0.89 a year earlier, and non-GAAP EPS fell to $0.85 from $0.90. The company guided fourth-quarter 2025 revenue to $920 million to $1 billion, with non-GAAP EPS of $1.20 to $1.46.
Q3 2025 revenue was $769 million, up from $737 million in Q3 2024 and $652 million in Q2 2025.
GAAP EPS was $0.75 and non-GAAP EPS was $0.85, compared with $0.89 and $0.90 in Q3 2024.
Q4 2025 guidance: revenue of $920 million to $1 billion; GAAP EPS of $1.12 to $1.39; non-GAAP EPS of $1.20 to $1.46.
Semiconductor Test generated $606 million of Q3 revenue; restructuring and other charges were $6.6 million in the quarter.
Teradyne said Michelle Turner will succeed Sanjay Mehta as Vice President, Chief Financial Officer, and Treasurer effective November 3, 2025, and will also serve as principal financial and accounting officer. Mehta remains with the company as an executive advisor and plans to retire in 2026. The filing describes a leadership change with no financial results included.
Turner's offer letter sets a base salary of $640,000 and a target annual cash bonus of 100% of base salary.
Company will grant Turner an equity award with a target value of $6,800,000 on November 3, 2025, plus a $200,000 sign-on bonus and a $150,000 relocation payment.
Turner's change of control agreement provides two years of severance payments at the annual Model Compensation rate.
Mehta, CFO since 2019, will stay on as an executive advisor and plans to retire in 2026.
Teradyne disclosed that Ujjwal Kumar's tenure as President of Teradyne Robotics ended on August 29, 2025. He remains employed through September 30, 2025 to transition his duties, and will receive $1,130,000 in severance under a separation agreement. The change is a leadership departure at one business unit and does not include reported financial results.
Ujjwal Kumar's tenure as President of Teradyne Robotics ended August 29, 2025
Kumar stays employed through September 30, 2025 to transition responsibilities
Severance of $1,130,000, equal to 12 months of base salary and target bonus, paid in two installments, with the second half due 12 months after his last day
Teradyne reported second-quarter 2025 revenue of $652 million, down from $686 million in the first quarter and $730 million a year earlier. GAAP diluted EPS was $0.49, compared with $1.14 a year earlier, and non-GAAP EPS was $0.57, compared with $0.86. The company guided third-quarter revenue to $710 million to $770 million and non-GAAP EPS to $0.69 to $0.87, and said it expects AI-related demand to drive stronger second-half performance.
Q2 2025 revenue was $652 million: Semiconductor Test $492 million, Robotics $75 million, Product Test $85 million.
GAAP net income was $78.4 million, or $0.49 per diluted share, versus $186.3 million, or $1.14 per diluted share, a year earlier.
Non-GAAP EPS was $0.57 for Q2 2025, versus $0.86 in Q2 2024 and $0.75 in Q1 2025.
Third-quarter 2025 guidance: revenue of $710 million to $770 million and GAAP EPS of $0.62 to $0.80 per diluted share.
Teradyne's Board appointed two new independent directors, Necip Sayiner and Drew Henry, effective July 1, 2025, as part of what the company describes as a multi-year board refreshment process. The Board will expand from seven to nine directors after Ford Tamer's tenure ends at the 2025 Annual Meeting. The filing contains no financial results or guidance.
Necip Sayiner, former President and CEO of Intersil Corporation, joins the Board and its Audit Committee effective July 1, 2025.
Drew Henry, Executive Vice President of Strategy & Ecosystem at Arm Holdings, joins the Board, the Compensation Committee and the Nominating and Corporate Governance Committee effective July 1, 2025.
The Board will grow from seven to nine directors, with eight of nine directors independent, following Ford Tamer's departure at the 2025 Annual Meeting.
At its May 9, 2025 annual meeting, Teradyne shareholders elected seven directors, approved an amended and restated Equity and Cash Compensation Incentive Plan, and approved a 2024 executive compensation advisory vote and the appointment of PricewaterhouseCoopers LLP for fiscal 2025. A shareholder proposal asking for a report on political contributions and expenditures was not approved.
Amended plan approved with 126,604,254 votes for and 3,081,987 against; it takes effect immediately and removes the term of the 2006 plan
All seven director nominees were elected, including Peter Herweck with 126,745,101 votes for and Paul J. Tufano with 6,196,354 against
Advisory vote on 2024 executive compensation approved with 123,251,108 votes for and 6,401,007 against
Political contributions report proposal not approved: 66,138,549 for and 63,581,675 against
Teradyne reported first-quarter 2025 revenue of $686 million, up 14% from a year earlier, with GAAP diluted EPS of $0.61 versus $0.40. It gave second-quarter revenue guidance of $610 million to $680 million and expanded its share repurchase program to up to $1 billion, to be completed by the end of 2026.
Q1 2025 revenue was $686 million, up from $600 million in Q1 2024, with Semiconductor Test contributing $543 million.
GAAP diluted EPS was $0.61 versus $0.40 a year earlier; non-GAAP EPS was $0.75 versus $0.51.
Q2 2025 guidance is revenue of $610 million to $680 million and non-GAAP EPS of $0.41 to $0.64.
The share repurchase target for 2025 was raised from $400 million to up to $1 billion, to be completed by the end of 2026.
Teradyne said Richard J. Burns, its President, Semiconductor Test, will retire effective June 1, 2025, as disclosed in a March 5, 2025 notice to the company. The filing does not name a successor or describe any financial effect, so the change's significance for shareholders depends on the leadership transition that follows.
Richard J. Burns notified Teradyne on March 5, 2025 of his decision to retire.
His retirement as President, Semiconductor Test takes effect June 1, 2025.
The filing does not name a successor or describe a compensation arrangement for Burns.
Teradyne reported fourth-quarter 2024 revenue of $753 million, up 12% from $671 million a year earlier and at the high end of its guidance, with GAAP diluted EPS of $0.90 versus $0.72 and non-GAAP EPS of $0.95 versus $0.79. The company guided first-quarter 2025 revenue to $660 million to $700 million and non-GAAP EPS to $0.58 to $0.68, and said it plans to realign its Robotics business.
Q4 2024 revenue of $753 million versus $671 million in Q4 2023; GAAP net income of $146.3 million
Q1 2025 guidance: revenue of $660 million to $700 million; non-GAAP EPS of $0.58 to $0.68
Full-year 2024 revenue of $2.82 billion and GAAP diluted EPS of $3.32, including a $57.1 million gain on sale of business
Results released January 29, 2025; conference call scheduled for 8:30 a.m. ET on January 30, 2025
Teradyne director Ford Tamer notified the board on January 2, 2025, that he will not stand for re-election at the 2025 annual meeting, expected in May 2025, because he was recently appointed CEO of Lattice Semiconductor. The filing says the decision was not due to any disagreement with the board or management, and he will serve the rest of his term.
Notice given to the board on January 2, 2025
Ford Tamer will not stand for re-election at the 2025 annual meeting, expected in May 2025
Reason given: recent appointment as CEO of Lattice Semiconductor Corporation
No disagreement with the board or management, per the filing
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Teradyne filing is on SEC EDGAR ↗. 8-K briefs of other companies →