Teradyne, Inc. stock research
FY2024 Q2
Teradyne (TER) Gross Margin — Quarter Ended Jun 30, 2024
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit rose in tandem with revenue, lifting gross margin above the prior quarter but slightly below the year-ago level.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit rose in tandem with revenue, lifting gross margin above the prior quarter but slightly below the year-ago level.
- Cost of revenue grew at a slower pace than revenue when compared with the prior quarter, supporting margin improvement. Relative to a year ago, gross margin weakened as cost growth outpaced revenue growth.
- Compared to the preceding quarter, revenue and gross profit both increased and gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, but gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
58.3%
Gross profit
$425.8M
Revenue
$729.9M
Cost of revenue
$304.0M
Quarter-over-quarter change
+1.8 pts
Year-over-year change
-0.5 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 |
|---|---|---|---|---|
| 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% |
| Jun 30, 2024 | $729.9M | $425.8M | $304.0M | 58.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+1.8 pts
Year-over-year change
Jul 2, 2023
-0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Cost of revenue grew at a slower pace than revenue when compared with the prior quarter, supporting margin improvement. Relative to a year ago, gross margin weakened as cost growth outpaced revenue growth.
Compared to the preceding quarter, revenue and gross profit both increased and gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, but gross margin was slightly lower.
Monitor changes in accounts receivable, which increased with higher sales per the filing context.