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Stocks (from 28) In 1987, the company introduced the
industry’s first VLSI test system. In the
ual sales rose from $13 million to more 1990s, the company acquired Megatest,
than $1 billion. which allowed Teradyne to expand its
semiconductor test offerings.

Acquires GenRad
the company acquired a powerful competi-
tor, GenRad of Concord, Mass. in 2000.
This company, started life as General Ra-
dio, circuit board and inspection tool lead-
er. The company was merged into Tera-
dyne’ s Assembly Test Division.

For its most recent quarter Q421, Tera-
dyne reported GAAP revenue of $885 mil-
lion, net income of $230.3 million with an
EPS of $1.29.

The Teradyne UltraFLEX Silo is designed for test system-on-a- For the same quarter in 2020, Teradyne
chip devices. (Teradyne)
reported revenue of $759 million, net in-
d’Arbeloff retired as chairman of Teradyne come of $196.3 million and EPS of $1.05.
in 2000 but did not have a quiet retire-
ment. D’Arbeloff served as chairman of Semiconductor test leads revenue
MIT Corporation from 1997 to 2003 and In Q421, Teradyne said, $592 million was
honorary chairman after that. He later from semiconductor test; $127 million was
taught at the MIT Sloan School of Manage- from system test; $52 million in wireless
ment. test and $113 million in industrial automa-
tion.

In 2006, the company sold its Boston
buildings and moved 18 miles to a single For the full year 2021, Revenue was $3.70
facility in North Reading. billion, compared to $3.12 billion for 2020.

Expanding “Teradyne’s stock has not been a high
In the 1980s, flyer. However, Simply Wall Street said
on February 27, “It is hard to get excited
Teradyne after looking at Teradyne’s recent perfor-
expanded its mance, when its stock has declined 18%
sub-assembly over the past three months.
test via an
acquistion of “But if you pay close attention, you might
Zehntel, an gather that its strong financials could
in-circuit test mean that the stock could potentially see
business. an increase in value in the long-term,
Teradyne VUx memory test system given how markets usually reward compa-

Since that acquisition, circuit board test nies with good financial health.
has been a key product line for the com- next page
pany.