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Common Robots reported its highest annual income to this point in 2022. | Supply: Common Robots

Teradyne introduced it introduced in $3.15 billion in income in FY 2022. This marks the corporate’s second-biggest yr in historical past, following 2021. Its Industrial Automation Group, which incorporates Common Robots (UR), Cell Industrial Robots (MiR), and Energid, introduced in $404 million. 

This can be a $28 million enhance from the $376 million it introduced in throughout 2021. In 2022, UR introduced in $326 million, whereas MiR introduced in $77 million. 

“We delivered higher than anticipated leads to the fourth quarter on larger income and gross margins and decrease bills than deliberate,” Teradyne CEO Mark Jagiela mentioned in a launch. “Elevated shipments of our Eagle merchandise serving the automotive and industrial chip markets mixed with stronger demand for UR cobots within the quarter drove the improved outcomes.” 

UR introduced in $85 million in income in This autumn 2022, barely down from the $97 million it introduced in throughout This autumn of 2021, however nonetheless leading to a record-high yr for the corporate for the second yr in a row. UR noticed a 5% enhance in annual income from 2021 and a 12% progress on a continuing foreign money foundation. 

“We’re proud to have continued to develop our enterprise regardless of dealing with a tough macroeconomic surroundings in 2022,” Kim Andreasen, UR’s chief monetary officer, mentioned in a launch. “We targeted on these issues we’re in a position to management, and we overcame provide chain challenges to report our highest annual income to this point.”

Teradyne expects its Industrial Automation Group to proceed to develop strongly in 2023. In 2022, the corporate started progress initiatives, together with a channel transformation at UR, to realize traction. These progress initiatives additionally included supplementing its conventional distributor community with targeted OEM channels.

The Industrial Automation Group may even seemingly see progress due to its latest product releases, just like the higher-payload UR20, which expands its service market. The UR20 will ramp up manufacturing in 2023, significantly within the second half of the yr. 

“We invested final yr in constructing world-class experience in welding, palletizing and machine tending,” Kim Povlsen, UR’s president, mentioned in a launch. “We’ve got additionally been working with our ecosystem companions to make automation simpler for our prospects than ever earlier than. 2022 has been an necessary yr for the corporate total. We began building on new headquarters, reached our 1000 worker milestone and launched a ground-breaking new cobot.”

MiR merged with AutoGuide Cell Robots, one other Teradyne subsidiary on the finish of Q3 2022, with the built-in firm formally being known as Cell Industrial Robots.

Previous to the merger, MiR provided a variety of AMRs able to carrying payloads and pallets as much as 3,000 lb. (1350 kg). By combining with AutoGuide, the portfolio will develop to incorporate high-payload AMR tuggers and forklifts working on the MiRFleet software program.

Teradyne expects the Industrial Automation Group to develop greater than 20% in 2023, with a lot of that progress coming within the second half of the yr.

The corporate’s market penetration for collaborative robots, together with autonomous cellular robots (AMRs), is underneath 5%, leaving Teradyne with lots of room for long-term progress. Teradyne is anticipating its Industrial Automation Group to finally make up 20% of the corporate’s total gross sales.