Teradyne (TER) Risk Factor Changes
Teradyne Risk Factor Changes
Latest 10-K compared with the year before. 72 changes found.
From time to time, we may be subject to litigation or other administrative, regulatory or governmental proceedings, including tax audits and resulting claims that could require significant management time and resource…
Pursuant to present U.S.
We are subject to both domestic and international environmental regulations and statutory strict liability relating to the use, storage, discharge, site cleanup and disposal of hazardous chemicals used in our manufact…
We invest significant resources in the design, manufacturing and testing of our products.
The U.S.
The U.S.
We are subject to U.S.
In addition to the actions taken by the United States, China has implemented retaliatory tariffs on products made in the United States and imported into China.
Our use of AI tools may subject us to significant competitive, legal, regulatory and other risks, and there can be no assurance that our use of AI tools will enhance our products, business operations or result in a be…
unauthorized access to our networks or sabotage our systems.
We rely on various information technology networks and systems to process, transmit and store electronic information, including proprietary and confidential data, and to carry out and support a variety of business act…
We protect the technology that is incorporated in our products in several ways, including through patent, copyright, trademark and trade secret protection and by contractual agreement.
Our business is international in nature, with our sales, service and administrative personnel and our customers and suppliers located in numerous countries throughout the world.
Competition for employees with skills we require is intense in the high technology industry.
We have also outsourced certain general and administrative functions to reputable service providers, many of which are in foreign countries, sometimes impacting communication with them because of language and time dif…
If we experience a problem with our supply of products from Flex, Plexus, SAM Meerkat, or our other contract manufacturers, it may take us significant time to either manufacture the product or find an alternate contra…
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We hold cash balances in several large financial institutions significantly in excess of the Federal Deposit Insurance Corporation (“FDIC”) and global insurance limits.
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On May 1, 2020, we entered into a three-year, senior secured revolving credit facility of up to $400.0 million (the “Credit Facility”).
Future cash dividends and share repurchases are subject to the discretion of our Board of Directors and will depend, among other things, upon our earnings, capital requirements and financial condition.
The tax savings attributable to the Singapore tax holiday for the years ended December 31, 2025, 2024 and 2023 were $21.6 million or $0.14 per diluted share, $17.1 million or $0.10 per diluted share, and $1.4 million…
As a multinational corporation, we are subject to income taxes as well as non-income-based taxes, in both the United States and various foreign jurisdictions.
We are subject to paying income taxes in the United States and other countries where we operate.
Since 2015, we have completed the acquisitions of Universal Robots (2015), Energid and MiR (2018), Lemsys and AutoGuide (2019), and most recently, AET and Quantifi in 2025.
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We believe that our technological position depends primarily on the technical competence and creative ability of our engineers.
The market for our products is concentrated with a limited number of significant global customers accounting for a substantial portion of the purchases of test equipment.
We face significant competition throughout the world in each of our reportable segments.
Capital equipment providers in the electronics, semiconductor industries and robotics, such as Teradyne, have, in the past, been negatively impacted by both sudden slowdowns in the global economies and recurring cycli…
Descriptions of risks associated with our business are set forth below.
There are provisions in our basic corporate documents and under Massachusetts law that could discourage, delay or prevent a change in control, even if a change in control may be regarded as beneficial to some or all o…
Provisions of our charter and by-laws and Massachusetts law may make a takeover of Teradyne more difficult.
substantial delays in product shipments and may damage our reputation which could make it more difficult to sell our products.
On October 7, 2022, the U.S.
Trump administration as well as any retaliatory actions by the impacted countries to our business and financial condition and outlook.
In February, 2025, President Trump issued executive orders directing the United States to impose new or additional tariffs on certain imports from Canada, Mexico and China and subsequently announced his intention to p…
In 2018, the United States Trade Representative imposed a 25% tariff on many lists of products, including certain Teradyne products that are made in China and imported into the United States.
Our business operations and supply chain are global and may be disrupted by the implementation of tariffs.
Global climate change can result in natural disasters occurring more frequently, with greater intensity and with less predictability.
Our financial statements are denominated in U.S.
In January 2021, our Board of Directors approved a $2.0 billion share repurchase program.
In January 2014, our Board of Directors initiated a quarterly cash dividend.
In addition, we may incur additional costs, including headcount expenses, in order to maintain or obtain a foreign tax incentive or tax holiday in a particular foreign jurisdiction.
The Israel-Hamas conflict could have a negative impact on our future revenue and supply chain, either of which could adversely affect our business and financial results.
The Israel-Hamas conflict may have a material impact on our Business
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We estimate consolidated revenues driven by Samsung, a customer of our Semiconductor Test and Wireless Test Segments, combining direct sales to that customer with sales to the customer’s OSATs, accounted for 12.5% of…
industry cyclicality, including implementing cost control and reduction measures.
incur additional direct costs for compliance, as well as increased indirect costs resulting from our customers and/or suppliers.
We anticipate the U.S.
We cannot predict what further actions may ultimately be taken with respect to tariffs or what products or entities may be subject to such actions, or what reciprocation may be taken by other countries in response to…
Our business operations and supply chain are global and may be disrupted by the implementation of tariffs.
coordinating and managing the outsourced service providers, it may cause an adverse effect on our operations, which could have a material adverse effect on our business, results of operations or financial condition.
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Our financial statements are denominated in U.S.
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Additionally, we may fund acquisitions of new businesses, strategic alliances, or joint ventures by utilizing our cash, incurring debt, issuing shares of our common stock, or by other means.
Following an acquisition, we may not achieve the revenue or net income levels that justify the acquisition.
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If we were to lose any of our significant customers, if our products fail to meet changes in customers’ demands or if we suffer a material reduction in our customers’ purchase orders, our revenue could decline and our…
In 2025, we had two customers who specified greater than 10% of our consolidated revenues and one additional customer who directly purchased more than 10% of our consolidated revenues.