Teradyne Inc.: 10-K Risk Factor Changes

Semiconductor Test

$

2,523.7

$

2,123.9

$

399.8

Product Test

358.0

331.1

26.9

Robotics

308.3

364.8

(56.5

)

$

3,190.0

$

2,819.9

$

370.1

The increase in Semiconductor Test revenues of $399.8 million, or 18.8%, was driven primarily by higher sales in compute related to artificial intelligence applications and in Integrated System Test primarily related to system level testers. The decrease in Robotics revenues of $56.5 million, or 15.5%, was primarily due to lower sales of collaborative robotic arms and autonomous mobile robots. The increase in Product Test revenues of $26.9 million, or 8.1%, was primarily due to higher sales of defense and aerospace testing systems.

Our reportable segments accounted for the following percentages of consolidated revenues:

2025

2024

Semiconductor Test

%

%

Product Test

Robotics

%

%

Revenues by country as a percentage of total revenues were as follows (1):

2025

2024

Taiwan

%

%

China

Korea

United States

Europe

Malaysia

Singapore

Philippines

Thailand

Japan

Rest of the World

%

%

(1)

Revenues attributable to a country are based on the location of the customer site.

Revenues attributable to a country are based on the location of the customer site.

The breakout of product and service revenues was as follows:

2025

2024