TER · Teradyne, Inc

$418.79 +8.27 (+2.01%) At close · Aug 14

Customer concentration — top 5 customers 44% of revenue

5 customers — 44% of revenue (2025)

“In each of the years, 2025, 2024 and 2023, our five largest direct customers in aggregate accounted for 44%, 36% and 32% of consolidated revenues, respectively.”

One customer — 19% of revenue (2025)

“The additional direct customer, a customer of our Semiconductor Test segment, accounted for 19% of consolidated revenues including certain revenues specified by other customers.”

2 customers — 12% of revenue (2025)

“The two specifying customers were both customers of our Semiconductor Test and Product Test segments and drove 12% and 10% of consolidated revenues.”

2 customers — 10% of revenue (2025)

“The two specifying customers were both customers of our Semiconductor Test and Product Test segments and drove 12% and 10% of consolidated revenues.”

5 customers — 36% of revenue (2024)

“In each of the years, 2025, 2024 and 2023, our five largest direct customers in aggregate accounted for 44%, 36% and 32% of consolidated revenues, respectively.”

One customer — 13% of revenue (2024)

“In 2024, we estimate one customer of our Semiconductor Test and Wireless Test segments, specified approximately 13% of our consolidated revenues.”

5 customers — 32% of revenue (2023)

“In each of the years, 2025, 2024 and 2023, our five largest direct customers in aggregate accounted for 44%, 36% and 32% of consolidated revenues, respectively.”

One customer — 10% of revenue (2023)

“In 2023, one customer of our Semiconductor Test segment, accounted for approximately 10% of our consolidated revenues.”

View the 10-K filed Feb 19, 2026

Market Cap

$62.96B

156.34M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Gregory Smith	CEO	$959,457	—	$10,186,513	$1,033,335	$1,914,283	$14,000	$14,107,588
Gregory S. Smith	President and Chief Executive Officer	$959,457	—	$10,186,513	$1,033,335	$1,914,283	$14,000	$14,107,588
Michelle Turner	Vice President, Chief Financial Officer & Treasurer	$118,154	$200,000	$7,938,546	$680,016	$169,088	$210,481	$9,316,285
Shannon Poulin	President, Semiconductor Test	$526,571	$1,000,000	$3,090,903	$350,009	$814,295	$261,321	$6,043,100
Sanjay Mehta	Vice President, Chief Financial Officer & Treasurer	$626,584	—	$3,351,897	$340,010	$1,014,528	$48,038	$5,381,057
Ryan Driscoll	Vice President, General Counsel and Secretary	$457,456	—	$1,183,168	$120,019	$637,474	$14,000	$2,412,116
Regan Mills	President, Product Test	$305,953	—	$550,072	—	$422,979	$22,391	$1,303,514

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Gregory Smith	CEO	$925,000	—	$8,487,013	$925,013	$1,409,830	$13,800	$11,760,656
Gregory S. Smith	President and Chief Executive Officer	$925,000	—	$8,487,013	$925,013	$1,409,830	$13,800	$11,760,656
Sanjay Mehta	Vice President, Chief Financial Officer & Treasurer	$640,000	—	$3,119,682	$340,013	$663,880	$45,981	$4,809,556
Richard J. Burns	President, Semiconductor Test	$561,000	—	$1,468,136	$160,013	$626,812	$15,173	$2,831,134
Ujjwal Kumar	President, Robotics	$565,000	—	$1,376,288	$150,000	$327,700	$13,800	$2,432,788
Ryan Driscoll	Vice President, General Counsel and Secretary	$425,000	—	$734,114	$80,025	$417,869	$14,550	$1,671,558
Shannon Poulin	President, Semiconductor Test	—	—	—	—	—	—	—
Regan Mills	President, Product Test	—	—	—	—	—	—	—
Michelle Turner	Vice President, Chief Financial Officer & Treasurer	—	—	—	—	—	—	—

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Gregory S. Smith	President and Chief Executive Officer	$850,000	—	$7,445,275	$750,024	$1,050,810	$14,328	$10,110,437
Gregory Smith	CEO	$850,000	—	$7,445,275	$750,024	$1,050,810	$14,328	$10,110,437
Mark E. Jagiela	Former President and Former Chief Executive Officer	$85,541	—	$3,297,232	$2,501,052	—	$66,498	$6,258,433
Sanjay Mehta	Vice President, Chief Financial Officer & Treasurer	$600,000	—	$3,573,745	$360,002	$510,599	$23,559	$5,067,905
Richard J. Burns	President, Semiconductor Test	$500,000	—	$1,687,645	$170,021	$493,011	$39,777	$2,890,454
Ujjwal Kumar	President, Robotics	$113,607	—	$1,985,233	$165,021	$233,750	$159,475	$2,657,086
Charles J. Gray	Vice President, General Counsel and Secretary	$450,000	$130,812	$1,042,447	$105,031	$232,875	$14,328	$1,975,493
Shannon Poulin	President, Semiconductor Test	—	—	—	—	—	—	—
Ryan Driscoll	Vice President, General Counsel and Secretary	—	—	—	—	—	—	—
Regan Mills	President, Product Test	—	—	—	—	—	—	—

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mark E. Jagiela	Former President and Former Chief Executive Officer	$1,000,000	$580,030	$6,999,301	$810,004	$1,104,000	$107,914	$10,601,249
Sanjay Mehta	Vice President, Chief Financial Officer & Treasurer	$565,000	—	$2,160,368	$250,015	$683,972	$28,616	$3,687,971
Gregory S. Smith	President and Chief Executive Officer	$645,000	—	$1,296,282	$150,032	$853,575	$13,328	$2,958,217
Gregory Smith	CEO	$645,000	—	$1,296,282	$150,032	$853,575	$13,328	$2,958,217
Richard J. Burns	President, Semiconductor Test	$400,000	—	$1,080,235	$125,027	$506,628	$13,328	$2,125,218
Charles J. Gray	Vice President, General Counsel and Secretary	$425,000	$196,090	$864,187	$100,022	$293,250	$13,328	$1,891,877
Ryan Driscoll	Vice President, General Counsel and Secretary	—	—	—	—	—	—	—
Ujjwal Kumar	President, Robotics	—	—	—	—	—	—	—
Michelle Turner	Vice President, Chief Financial Officer & Treasurer	—	—	—	—	—	—	—

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mark E. Jagiela	Former President and Former Chief Executive Officer	$975,000	$809,544	$6,287,870	$680,028	$2,129,400	$72,871	$10,954,713
Sanjay Mehta	Vice President, Chief Financial Officer & Treasurer	$525,000	$356,652	$1,664,478	$180,035	$764,400	$62,073	$3,552,638
Gregory S. Smith	President and Chief Executive Officer	$500,000	—	$1,109,727	$120,011	$668,000	$12,728	$2,410,466
Gregory Smith	CEO	$500,000	—	$1,109,727	$120,011	$668,000	$12,728	$2,410,466
Charles J. Gray	Vice President, General Counsel and Secretary	$400,000	$264,187	$924,693	$100,028	$546,000	$12,728	$2,247,636
Bradford B. Robbins	President, Wireless Test	$360,000	$133,062	$554,976	$60,024	$497,888	$4,049	$1,769,950
Richard J. Burns	President, Semiconductor Test	$327,148	$222,244	$548,987	—	$478,945	$12,597	$1,565,934
Ujjwal Kumar	President, Robotics	—	—	—	—	—	—	—

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mark E. Jagiela	President and Chief Executive Officer	$955,000	$595,152	$6,274,402	$650,009	$1,764,840	$66,446	$10,366,962
Sanjay Mehta	Vice President, Chief Financial Officer and Treasurer	$500,000	$267,084	$1,496,246	$155,004	$672,000	$48,769	$3,139,103
Bradford B. Robbins	President, Wireless Test	$350,000	$64,424	$559,934	$58,000	$470,925	$3,719	$2,475,784
Gregory Smith	—	$400,000	$207,732	$917,056	$95,020	$507,000	$12,528	$2,139,336
Gregory S. Smith	President and President, Robotics	$400,000	$207,732	$917,056	$95,020	$507,000	$12,528	$2,139,336
Charles J. Gray	Vice President, General Counsel and Secretary	$390,000	$202,539	$830,202	$86,008	$491,400	$12,528	$2,012,677
Richard J. Burns	President, Semiconductor Test	$293,624	$161,021	$520,115	$80,023	$444,267	$12,396	$1,511,446

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mark E. Jagiela	President and Chief Executive Officer	$932,000	$364,059	$4,812,967	$500,001	$1,271,248	$61,056	$8,007,913
Gregory R. Beecher	Former Vice President, Chief Financial Officer & Treasurer	$289,964	$97,854	$3,016,881	$784,737	$325,862	$45,180	$4,560,478
Sanjay Mehta	Vice President, Chief Financial Officer & Treasurer	$328,730	$714,686	$2,574,249	$139,096	$465,000	$222,809	$4,444,570
Bradford B. Robbins	President, Wireless Test	$340,000	$47,308	$529,437	$55,004	$365,685	$3,465	$2,231,033
Gregory S. Smith	President, Industrial Automation	$400,000	$130,207	$818,217	$85,004	$372,000	$15,945	$1,821,373
Gregory Smith	—	$400,000	$130,207	$818,217	$85,004	$372,000	$15,945	$1,821,373
Charles J. Gray	Vice President, General Counsel & Secretary	$380,000	$120,162	$789,366	$82,008	$329,840	$15,389	$1,716,765

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mark E. Jagiela	President and Chief Executive Officer	$904,720	$325,588	$3,944,978	$420,802	$1,512,692	$63,911	$7,172,691
Gregory R. Beecher	Former Vice President, Chief Financial Officer & Treasurer	$518,000	$164,224	$1,448,396	$154,510	$669,256	$65,479	$3,019,865
Gregory Smith	—	$396,067	$118,780	$756,272	$80,675	$442,605	$15,902	$1,810,301
Gregory S. Smith	President, Industrial Automation	$396,067	$118,780	$756,272	$80,675	$442,605	$15,902	$1,810,301
Charles J. Gray	Vice President, General Counsel & Secretary	$375,000	$109,248	$727,748	$75,004	$399,000	$15,674	$1,701,674
Bradford B. Robbins	President, Wireless Test	$339,900	$44,099	$482,846	$51,503	$402,309	$3,248	$1,323,905

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mark E. Jagiela	President and Chief Executive Officer	$860,000	$374,312	$3,848,645	$400,000	$1,702,800	$13,642	$7,236,688
Gregory R. Beecher	Former Vice President, Chief Financial Officer & Treasurer	$500,000	$191,716	$1,443,254	$150,001	$765,000	$52,686	$3,102,657
Bradford B. Robbins	President, Wireless Test	$330,000	—	$481,097	$50,003	$392,167	$2,976	$1,828,728
Charles J. Gray	Vice President, General Counsel & Secretary	$370,000	$130,367	$721,656	$75,000	$466,200	$15,413	$1,778,636
Gregory S. Smith	President, Semiconductor Test	$334,505	$121,326	$646,791	$67,222	$454,090	$13,052	$1,636,986
Gregory Smith	—	$334,505	$121,326	$646,791	$67,222	$454,090	$13,052	$1,636,986

Executive changes

Person	Role	Change	Effective	Filed
Michelle Turner	principal accounting officer	Appointed	2025-11-03	2025-10-28
Michelle Turner	Vice President, Chief Financial Officer, and Treasurer	Appointed	2025-11-03	2025-10-28
Drew Henry	director	Appointed	2025-07-01	2025-06-26
Necip Sayiner	director	Appointed	2025-07-01	2025-06-26
Paul J. Tufano	director	Appointed	2025-05-09	2025-05-12
Gregory S. Smith	director	Appointed	2025-05-09	2025-05-12
Bridget van Kralingen	director	Appointed	2025-05-09	2025-05-12
Ernest E. Maddock	director	Appointed	2025-05-09	2025-05-12
Marilyn Matz	director	Appointed	2025-05-09	2025-05-12
Mercedes Johnson	director	Appointed	2025-05-09	2025-05-12
Peter Herweck	director	Appointed	2025-05-09	2025-05-12
Richard J. Burns	President, Semiconductor Test	Retired	2025-06-01	2025-03-06
Bridget A. van Kralingen	director	Appointed	2024-01-12	2024-01-12
Charles J. Gray	Vice President and General Counsel	Retired	2024-02-01	2023-11-15
Gregory S. Smith	Company's Board of Directors	Appointed	2023-02-01	2023-02-03
Gregory S. Smith	Chief Executive Officer	Appointed	2023-02-01	2023-02-03
Mark E. Jagiela	member of the Company's Board of Directors	Retired	2023-02-01	2023-02-03
Mark E. Jagiela	Chief Executive Officer	Retired	2023-02-01	2023-02-03
Gregory S. Smith	the Company's Board of Directors	Appointed	2023-02-01	2022-11-16
Mark E. Jagiela	member of the Company's Board of Directors	Retired	2023-02-01	2022-11-16
Gregory S. Smith	Chief Executive Officer	Appointed	2023-02-01	2022-11-16
Mark E. Jagiela	Chief Executive Officer	Retired	2023-02-01	2022-11-16
Ernest E. Maddock	director	Appointed	2022-11-14	2022-11-04
Greg Smith	President	Appointed	2022-07-01	2022-06-07

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