Teradyne

Teradyne, Inc. was founded in 1960, is headquartered in North Reading, Massachusetts, and its common stock trades on the Nasdaq Stock Market under the symbol TER. Its core business is automatic test equipment for semiconductors and electronics, while its Robotics segment sells collaborative robot arms under the Universal Robots brand and autonomous mobile robots under the Mobile Industrial Robots (MiR) brand to factories and warehouses. Teradyne moved into robotics in May 2015, when it agreed to buy Odense-based Universal Robots for $285 million net of cash acquired plus up to $65 million in performance-linked payments. In April 2018 it agreed to buy MiR, also from Odense and founded in 2013, for €121 million ($148 million) net of cash plus up to €101 million if targets running through 2020 were met. In its annual report for 2025 the company said it had sold more than 110,000 cobots and more than 11,000 AMRs, employed about 6,600 people and had restructured the Robotics organisation to lower costs. Teradyne reported revenue of $3.19 billion for 2025, up 13% from 2024, with Robotics contributing $89 million in the fourth quarter, and for the second quarter of 2026 it reported revenue of $1,329 million, of which $100 million came from Robotics.

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Founded

1960

Country

🇺🇸United States

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