TERADYNE, INC (TER) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that TERADYNE, INC surfaced in its latest filing.

• In 2025, two customers specified greater than 10% of consolidated revenues, driving 12% and 10% respectively, and one additional direct customer accounted for 19% of consolidated revenues.2025
• Acquired AET and Quantifi.2025
• Closed strategic partnership agreement with Technoprobe in May 2024, including acquisition of 10% equity in Technoprobe.May 2024
• In December 2025, entered into an agreement with the Singapore Economic Development Board which extended Singapore tax holiday under substantially similar terms to the agreement which expired on December 31, 2025, and the new tax holiday is scheduled to expire on December 31, 2035.December 2025
• Tax savings attributable to the Singapore tax holiday were $21.6 million or $0.14 per diluted share for the year ended December 31, 2025, $17.1 million or $0.10 per diluted share for 2024, and $1.4 million or $0.01 per diluted share for 2023.
• On May 1, 2020, Teradyne entered into a three-year senior secured revolving credit facility of up to $400.0 million. On December 10, 2021, the credit agreement was amended to extend the maturity date to December 10, 2026. On October 5, 2022, the credit agreement was amended to increase the Credit Facility amount to $750.0 million.
• On September 4, 2025, September 19, 2025, and October 7, 2025, Teradyne borrowed a combined $250.0 million under the Credit Facility. On December 31, 2025, Teradyne repaid $50 million of the outstanding borrowings.
• Global supply shortage of electrical components including semiconductor chips impacted our supply chain in 2023.2023
• Flex Ltd. manufactures and tests FLEX and J750 products in Malaysia. Plexus Corp. manufactures and tests FLEX and Magnum products in Malaysia and Thailand, and ETS products in Malaysia. SAM Meerkat manufactures and tests storage test products in Malaysia and Thailand.
• Conducting groundwater and subsurface assessment and monitoring and implementing remediation and corrective action plans for facilities located in Massachusetts and New Hampshire which are no longer conducting manufacturing operations.