Teradyne, Inc. stock research
FY2024 Q1
Teradyne (TER) Gross Margin — Quarter Ended Mar 31, 2024
Revenue and gross profit both decreased compared to the previous quarter, while cost of revenue also declined. Gross margin remained stable at the same level as the prior quarter but weakened compared to the same quarter one year earlier.
Gross margin takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue and gross profit both decreased compared to the previous quarter, while cost of revenue also declined. Gross margin remained stable at the same level as the prior quarter but weakened compared to the same quarter one year earlier.
- The strongest observable margin driver is the stable gross margin relative to the prior quarter, as the proportional relationship among revenue, cost of revenue, and gross profit remained unchanged.
- Compared to the immediately preceding quarter, revenue and gross profit were lower, but gross margin was unchanged. Compared to the same quarter one year earlier, revenue and gross profit were lower, and gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
56.6%
Gross profit
$339.3M
Revenue
$599.8M
Cost of revenue
$260.5M
Quarter-over-quarter change
-0.0 pts
Year-over-year change
-1.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jul 2, 2023 | $684.4M | $402.5M | $281.9M | 58.8% |
| Oct 1, 2023 | $703.7M | $398.3M | $305.4M | 56.6% |
| Dec 31, 2023 | $670.6M | $379.5M | $291.1M | 56.6% |
| Mar 31, 2024 | $599.8M | $339.3M | $260.5M | 56.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2023
-0.0 pts
Year-over-year change
Apr 2, 2023
-1.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the stable gross margin relative to the prior quarter, as the proportional relationship among revenue, cost of revenue, and gross profit remained unchanged.
Compared to the immediately preceding quarter, revenue and gross profit were lower, but gross margin was unchanged. Compared to the same quarter one year earlier, revenue and gross profit were lower, and gross margin weakened.
Monitor the trend in gross margin relative to revenue, as it remained stable sequentially but weakened year-over-year.