Common-Size Income Statement
Quarterly Data

Teradyne Inc., common-size consolidated income statement (quarterly data)

3 months ended:	Mar 31, 2024	Dec 31, 2023	Oct 1, 2023	Jul 2, 2023	Apr 2, 2023	Dec 31, 2022	Oct 2, 2022	Jul 3, 2022	Apr 3, 2022	Dec 31, 2021	Oct 3, 2021	Jul 4, 2021	Apr 4, 2021	Dec 31, 2020	Sep 27, 2020	Jun 28, 2020	Mar 29, 2020	Dec 31, 2019	Sep 29, 2019	Jun 30, 2019	Mar 31, 2019
Products	76.43%	79.11%	78.44%	78.95%	76.66%	80.82%	81.76%	83.01%	82.86%	85.72%	86.84%	87.68%	84.51%	85.33%	85.14%	87.60%	86.73%	83.79%	83.87%	81.09%	79.63%
Services	23.57%	20.89%	21.56%	21.05%	23.34%	19.18%	18.24%	16.99%	17.14%	14.28%	13.16%	12.32%	15.49%	14.67%	14.86%	12.40%	13.27%	16.21%	16.13%	18.91%	20.37%
Revenues	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Cost of products	-33.47%	-33.91%	-34.08%	-31.71%	-32.17%	-33.80%	-33.56%	-32.67%	-32.17%	-35.05%	-35.06%	-35.81%	-34.26%	-36.18%	-36.63%	-38.48%	-36.91%	-34.55%	-33.88%	-34.26%	-33.47%
Cost of services	-9.97%	-9.49%	-9.32%	-9.49%	-10.11%	-8.75%	-7.76%	-7.10%	-7.60%	-5.40%	-4.87%	-4.60%	-6.68%	-4.56%	-7.37%	-5.30%	-5.51%	-6.91%	-6.84%	-8.32%	-8.32%
Cost of revenues, exclusive of acquired intangible assets amortization	-43.44%	-43.40%	-43.40%	-41.19%	-42.28%	-42.55%	-41.31%	-39.77%	-39.77%	-40.45%	-39.93%	-40.41%	-40.94%	-40.74%	-44.00%	-43.78%	-42.42%	-41.46%	-40.72%	-42.59%	-41.79%
Gross profit	56.56%	56.60%	56.60%	58.81%	57.72%	57.45%	58.69%	60.23%	60.23%	59.55%	60.07%	59.59%	59.06%	59.26%	56.00%	56.22%	57.58%	58.54%	59.28%	57.41%	58.21%
Selling and administrative	-24.87%	-21.23%	-19.66%	-21.29%	-24.45%	-19.51%	-16.40%	-16.60%	-18.56%	-16.13%	-14.19%	-12.91%	-16.61%	-16.38%	-14.14%	-13.50%	-15.81%	-17.89%	-18.76%	-19.29%	-20.65%
Engineering and development	-17.21%	-15.24%	-14.84%	-15.44%	-17.13%	-14.87%	-13.51%	-13.32%	-14.31%	-12.42%	-11.28%	-10.13%	-12.85%	-13.28%	-11.58%	-11.22%	-12.09%	-13.26%	-13.37%	-14.43%	-15.54%
Acquired intangible assets amortization	-0.78%	-0.69%	-0.67%	-0.70%	-0.78%	-0.64%	-0.57%	-0.58%	-0.67%	-0.58%	-0.56%	-0.50%	-0.71%	-0.76%	-0.76%	-1.07%	-1.40%	-1.49%	-1.66%	-1.79%	-2.15%
Restructuring and other	-0.74%	-0.90%	-0.97%	-0.93%	-0.33%	0.32%	-0.22%	-0.24%	-2.08%	-1.44%	-0.13%	-0.23%	0.91%	1.99%	3.38%	-4.44%	1.08%	0.32%	1.12%	1.84%	-1.03%
Operating expenses	-43.60%	-38.06%	-36.14%	-38.36%	-42.68%	-34.69%	-30.70%	-30.73%	-35.62%	-30.58%	-26.15%	-23.77%	-29.25%	-28.42%	-23.10%	-30.23%	-28.23%	-32.32%	-32.66%	-33.66%	-39.37%
Income from operations	12.97%	18.54%	20.46%	20.44%	15.04%	22.76%	27.99%	29.50%	24.60%	28.97%	33.92%	35.82%	29.81%	30.84%	32.91%	25.99%	29.35%	26.22%	26.62%	23.75%	18.84%
Interest income	1.31%	1.32%	0.98%	0.93%	0.85%	0.47%	0.16%	0.11%	0.09%	0.06%	0.07%	0.06%	0.10%	0.10%	0.13%	0.16%	0.39%	0.94%	0.89%	0.96%	1.63%
Interest expense	-0.11%	-0.12%	-0.14%	-0.15%	-0.16%	-0.14%	-0.09%	-0.11%	-0.13%	-0.28%	-0.40%	-0.51%	-0.77%	-0.84%	-0.76%	-0.72%	-0.79%	-0.91%	-0.98%	-1.03%	-1.16%
Other income (expense), net	-2.01%	1.11%	-0.80%	-0.12%	-0.01%	3.59%	-0.71%	-1.12%	-0.69%	0.07%	-2.26%	0.01%	-0.49%	-0.74%	-0.09%	0.48%	-0.97%	-3.51%	-0.46%	-0.43%	-0.29%
Non-operating income (expense)	-0.81%	2.31%	0.04%	0.66%	0.68%	3.91%	-0.64%	-1.12%	-0.73%	-0.14%	-2.59%	-0.45%	-1.15%	-1.47%	-0.72%	-0.08%	-1.37%	-3.48%	-0.55%	-0.50%	0.18%
Income before income taxes	12.15%	20.85%	20.50%	21.10%	15.72%	26.68%	27.35%	28.38%	23.88%	28.83%	31.33%	35.37%	28.66%	29.37%	32.18%	25.91%	27.98%	22.74%	26.07%	23.25%	19.02%
Income tax (provision) benefit	-1.45%	-3.39%	-2.30%	-3.56%	-2.19%	-3.13%	-5.16%	-4.85%	-2.44%	-3.52%	-4.32%	-5.13%	-2.36%	-3.50%	-5.00%	-3.38%	-2.96%	-3.64%	-2.73%	-5.99%	3.07%
Net income	10.70%	17.46%	18.21%	17.54%	13.53%	23.54%	22.18%	23.52%	21.44%	25.31%	27.01%	30.24%	26.29%	25.87%	27.18%	22.52%	25.01%	19.11%	23.34%	17.26%	22.09%

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Income statement item	Description	The company
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Teradyne Inc. income from operations as a percentage of revenues decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Teradyne Inc. income before income taxes as a percentage of revenues increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Teradyne Inc. net income as a percentage of revenues decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Teradyne Inc. (NASDAQ:TER)

Common-Size Income Statement Quarterly Data

Common-Size Income Statement
Quarterly Data