Filing Flows › Teradyne (TER) › Q2 2025
Teradyne (TER) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Teradyne (TER) reported revenue of $652M for the second quarter 2025 (Q2 2025), -11% from a year earlier and -5% from the quarter before. Operating margin was 13.9%, net earnings $78.4M (12.0% of revenue).
Teradyne, Q2 2025: revenue $652M (-11% year over year), operating margin 13.9%, net earnings $78.4M, operating cash flow $182M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $652M | -5% | -11% |
| Gross profit | $373M | -10% | -12% |
| Operating profit | $90.7M | -25% | -57% |
| Net earnings | $78.4M | -21% | -58% |
| Operating cash flow | $182M | +13% | -16% |
| Free cash flow | $132M | +35% | -23% |
What changed
Revenue was $651.8M in Q2 2025, down 11% year over year and down 5% from the previous quarter. Product was the largest line at 80% of revenue. Product lost $74.2M year over year (down 12%), 95% of the total change.
Gross margin was 57.2%, down 1.1 points from a year earlier. Operating profit was $90.7M, a 13.9% margin (down 14.9 points year over year). Operating expenses grew 31% against a revenue fall of 11%. Net earnings were $78.4M, down 58% year over year. The effective tax rate was 13.5%.
Operating cash flow was $182.1M (down 16% year over year), 232% of net earnings. Non-cash charges added back $31.4M of depreciation and amortization and $16.8M of share-based compensation. Working capital and other items added $55.5M. Capital expenditures of $50.4M left free cash flow of $131.7M.
Questions
What was Teradyne's revenue in the second quarter 2025?
Teradyne (TER) reported revenue of $652M for the second quarter 2025 (Q2 2025), -11% from a year earlier and -5% from the quarter before.
Was Teradyne profitable in the second quarter 2025?
Operating profit was $90.7M (13.9% of revenue) and net earnings $78.4M.
Source: Teradyne 10-Q on SEC EDGAR.