Teradyne, Inc. TER

Q3 FY2025 投资简报
2025-10-29 · ASTRO RESEARCH

01 · 损益表

季度指标

指标 Q3 FY2025 Q2 FY2025 Q/Q Q3 FY2024 Y/Y
营收 Revenue $769M $652M +18% $737M +4%
毛利率 Gross Margin (GAAP) 58.4% 57.2% +1.2 ppt 59.2% -0.8 ppt
毛利率 Gross Margin (Non-GAAP) 58.5%
研发费用 R&D $125M $118M +5% $118M +6%
销售及管理 SG&A $169M $158M +7% $158M +7%
折旧摊销 D&A $31M $31M -3% $30M +3%
股权激励 SBC $16M $16M -1% $16M -3%
营业利润 Operating Income (GAAP) $145M $91M +60% $152M -4%
利息费用 Interest Expense N/A $1M $1M
净利润 Net Income (GAAP) $120M $78M +53% $146M -18%
净利润 Net Income (Non-GAAP) $136M

补充指标

指标 Q3 FY2025 Q2 FY2025 Q/Q Q3 FY2024 Y/Y
每股收益 EPS (GAAP) $0.75 $0.49 +53% $0.89 -16%
每股收益 EPS (Non-GAAP) $0.85
稀释股数 Diluted Shares 159M 160M -1% 164M -3%
实际税率 Effective Tax Rate 15.8% 12.7% +3.1 ppt 7.8% +8.0 ppt

product

板块 收入 占比 QoQ YoY
Semiconductor Test $606M 78.8% +23% +12%
Product Test $88M 11.4% +3%
Robotics $75M 9.8% +0% -15%

Q3 FY2025延续新分部结构:Semiconductor Test、Product Test和Robotics三个分部。总收入$769M与分部加总$769M一致。

geography

该filing未披露此维度

customer

该filing未披露此维度

02 · 资产负债表

现金及等价物
Cash & Equivalents
$273M
总债务
Total Debt
$200M
股东权益
Shareholders' Equity
$2,717M

03 · 现金流量表

本季度数据

经营现金流
Operating Cash Flow
$49M
资本开支
CapEx
$47M
自由现金流
Free Cash Flow
$2M
股票回购
Share Buyback
$244M
债务偿还
Debt Repayments
$0M

04 · 动态指标

指标 Q3 FY2025 Q2 FY2025 变化
暂无动态指标配置

06 · 管理层观点

"我们的Semiconductor Test部门第三季度销售超出预期,推动公司销售和利润达到Q3指引范围的高端。增长主要由面向人工智能应用的System-on-a-Chip(SOC)解决方案和内存领域的强劲表现驱动。展望Q4,AI相关测试需求在计算、网络和内存领域依然强劲。Q4'25销售预计环比增长25%,同比增长27%。" — Greg Smith, Teradyne, Inc.

07 · 其他补充数据

指引指标(未注册)

暂无数据

动态指标(未注册)

指标数值备注
equity_in_net_earnings_of_affiliate -$5.2M Q3对Technoprobe权益法投资确认亏损$5.2M(含摊销$7.7M),持续拖累GAAP净利润
revolving_credit_facility_draw $200M Q3新增$200M循环信贷额度借款,为上市以来首次动用,可能用于支撑$243.8M的大额回购和$144.4M的收购
acquisition_of_business $144.4M 九个月累计收购支出$144.4M(Q3为零),商誉从$395.4M增至$519.6M,反映期间收购活动
restructuring_charges $6.6M Q3重组费用$6.6M(员工遣散$4.8M为主),九个月累计$23.5M,主要与Robotics重组相关(约150名员工)
marketable_securities_total $154.7M 流动+非流动有价证券合计($25.0M短期+$129.7M长期),补充流动性储备
erp_implementation_expenses $1.1M Q3计划中的ERP系统实施相关费用$1.1M,计入SGA,Non-GAAP调整项
goodwill $519.6M 商誉期末$519.6M,较年末$395.4M增加$124.2M,反映收购活动