Risk factors
Teradyne (TER) risk factors
Item 1A of every Teradyne, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors38 risks1 new4 dropped20 reworded
Customer concentration increased: five largest direct customers rose to 44% of 2025 revenue, with three customers linked to more than 10% each.
Filed Feb 19, 2026 - FY2024 10-K risk factors41 risks
Teradyne faces extreme customer concentration, with the top five customers accounting for 36 percent of consolidated revenues in 2024. Operations depend heavily on outsourced contract manufacturers like Flex and Plexus located across foreign jurisdictions. Global supply chains and sales are vulnerable to escalating tariffs and trade regulations, including China import duties.
Filed Feb 20, 2025