Exhibit 99.2

Teradyne, Inc.

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

On October 5, 2011, Teradyne completed its acquisition of LitePoint Corporation (“LitePoint”) located in Sunnyvale, California, for approximately $510 million, net of LitePoint’s cash and tax benefits as defined in the merger agreement, and up to $70 million, payable in cash or Teradyne’s common stock at Teradyne’s election, upon achievement of certain revenue-based performance targets through 2012. The acquisition was completed by acquiring all of the outstanding common and preferred stock of LitePoint. For the purpose of these unaudited pro forma condensed combined financial statements, the acquisition is assumed to have occurred as of January 1, 2010 with respect to the unaudited pro forma condensed combined statements of operations and as of July 3, 2011 with respect to the unaudited pro forma condensed combined balance sheet.

The unaudited pro forma condensed combined statement of operations for the six months ended July 3, 2011 has been derived from:

The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2010 has been derived from:

The unaudited pro forma condensed combined balance sheet as of July 3, 2011 has been derived from:

Because these unaudited pro forma condensed combined financial statements have been prepared based on preliminary estimates of fair values attributable to the acquisition, the actual amounts recorded for the acquisition may differ materially from the information presented in these unaudited pro forma condensed combined financial statements. The total purchase price has been allocated on a preliminary basis to assets acquired and liabilities assumed based on management’s preliminary estimates of fair value, with the excess purchase price over net tangible and identifiable intangible assets acquired being allocated to goodwill. Definitive allocations will be performed and finalized in the first quarter of fiscal 2012. Accordingly, the purchase price allocation pro forma adjustments are preliminary and have been made solely for the purpose of providing unaudited pro forma condensed combined financial information and are subject to revision based on a final determination of fair value.

The unaudited pro forma condensed combined statements of operations do not reflect nonrecurring charges resulting from the acquisition transaction. The nonrecurring charges resulting from the acquisition transaction include fair value of acquired inventory and deferred revenue, and investment advisory and legal costs.

The unaudited pro forma condensed combined financial statements are not intended to represent or be indicative of the consolidated results of operations or financial position of Teradyne that would have been reported had the acquisition and cash payment been completed as of the dates presented, and should not be taken as representative of the future results of operations or financial position of Teradyne. This information should be read in conjunction with the accompanying notes to the unaudited pro forma condensed combined financial statements. The unaudited pro forma statements of operations do not reflect any operating efficiencies and cost savings that Teradyne may achieve with respect to the combined companies.

The unaudited pro forma condensed combined financial statements should be read in conjunction with the historical consolidated financial statements and accompanying notes of Teradyne and LitePoint included in the respective Teradyne annual report on Form 10-K and the Teradyne quarterly report on Form 10-Q and the attached LitePoint financial statements in Exhibit 99.1.

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Teradyne, Inc.

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET

AS OF JULY 3, 2011

(in thousands)

The accompanying notes are an integral part of the unaudited pro forma condensed combined financial statements.

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Teradyne, Inc.

Unaudited Pro Forma Condensed Combined Statement of Operations

For the year ended December 31, 2010

(In thousands, except per share data)

The accompanying notes are an integral part of the unaudited pro forma condensed combined financial statements.

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Teradyne, Inc.

Unaudited Pro Forma Condensed Combined Statement of Operations

For the six months ended July 3, 2011

(In thousands, except per share data)

The accompanying notes are an integral part of the unaudited pro forma condensed combined financial statements.

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NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

1. BASIS OF PRO FORMA PRESENTATION

The unaudited pro forma condensed combined financial statements are based on the historical financial statements of Teradyne, Inc. (“Teradyne”) and LitePoint Corporation (“LitePoint”) after giving effect to Teradyne’s acquisition of LitePoint, divestiture of Diagnostic Solutions and the assumptions and adjustments described in the accompanying notes to the unaudited pro forma condensed combined financial statements. Teradyne acquired all of the outstanding common and preferred stock of LitePoint on October 5, 2011.

For the purpose of these unaudited pro forma condensed combined financial statements, the acquisition is assumed to have occurred as of January 1, 2010 with respect to the unaudited pro forma condensed combined statements of operations and as of July 3, 2011 with respect to the unaudited pro forma condensed combined balance sheet.

The unaudited pro forma condensed combined statement of operations for the six months ended July 3, 2011 has been derived from:

The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2010 has been derived from:

The unaudited pro forma condensed combined balance sheet as of July 3, 2011 has been derived from:

Because these unaudited pro forma condensed combined financial statements have been prepared based on preliminary estimates of fair values attributable to the LitePoint acquisition, the actual amounts recorded for the acquisition may differ materially from the information presented in these unaudited pro forma condensed combined financial statements. The total purchase price has been allocated on a preliminary basis to assets acquired and liabilities assumed based on management’s preliminary estimates of fair value, with the excess purchase price over net tangible and identifiable intangible assets acquired being allocated to goodwill. Definitive allocations will be performed and finalized in the first quarter of fiscal 2012. Accordingly, the purchase price allocation pro forma adjustments are preliminary and have been made solely for the purpose of providing unaudited pro forma condensed combined financial information and are subject to revision based on a final determination of fair value.

The unaudited pro forma condensed combined statements of operations do not reflect nonrecurring charges resulting from the acquisition transaction. The nonrecurring charges resulting from the acquisition transaction include fair value of acquired inventory and deferred revenue, and investment advisory and legal costs.

The unaudited pro forma condensed combined financial statements are not intended to represent or be indicative of the consolidated results of operations or financial position of Teradyne that would have been reported had the acquisitions and cash payments been completed as of the dates presented, and should not be taken as representative of the future results of operations or financial position of Teradyne. This information should be read in conjunction with the accompanying notes to the unaudited pro forma condensed combined financial statements. The unaudited pro forma statements of operations do not reflect any operating efficiencies and cost savings that Teradyne may achieve with respect to the combined companies.

The unaudited pro forma condensed combined financial statements should be read in conjunction with the historical consolidated financial statements and accompanying notes of Teradyne and LitePoint included in the respective Teradyne annual report on Form 10-K and the Teradyne quarterly report on Form 10-Q and attached LitePoint financial statements in Exhibit 99.1.

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2. DIAGNOSTIC SOLUTIONS DIVESTITURE

On March 21, 2011, Teradyne completed the sale of its Diagnostic Solutions business unit, which was included in the Systems Test Group segment, to SPX Corporation for $40.2 million in cash. Teradyne sold this business as its growth potential as a stand-alone business was significantly less than if it was part of a larger automotive supplier. The results of Diagnostic Solutions were classified as discontinued operations and the historical results of Diagnostic Solutions for the year ended December 31, 2010 are removed with pro forma adjustments.

3. LITEPOINT ACQUISITION

On October 5, 2011, Teradyne completed its acquisition of LitePoint for approximately $510 million, net of LitePoint’s cash and tax benefits as defined in the merger agreement, and up to $70 million, payable in cash or Teradyne’s common stock at Teradyne’s election, upon achievement of certain revenue-based performance targets through 2012. LitePoint designs, develops, and supports advanced wireless test solutions for the development and manufacturing of wireless devices, including smart phones, tablets, notebooks/laptops, personal computer peripherals, and other Wi-Fi enabled devices.

This acquisition has been accounted for as a business combination using purchase accounting. The total purchase price of $646.1 million was comprised of (in thousands):

The fair value of stock options was estimated using the following weighted average assumptions:

Preliminary Purchase Price Allocation

The preliminary allocation of the total LitePoint purchase price to all tangible and intangible assets acquired and liabilities assumed was based on their estimated fair value as of October 5, 2011. Adjustments to these estimates will be included in the final allocation of the purchase price of LitePoint, which changes could be material. The purchase price allocation is preliminary pending the final determination of the fair value of certain assumed assets and liabilities. Teradyne expects to finalize the purchase price allocation in the first quarter of fiscal 2012. Accordingly, investors should not place undue reliance on these estimates. The excess of the purchase price over the identifiable intangible and net tangible assets was allocated to goodwill. The total purchase price of $646.1 million has been allocated as follows (in thousands):

Other intangible assets

Teradyne has estimated the fair value of other intangible assets using the income and cost approaches to value these identifiable intangible assets which are subject to amortization. These estimates are based on a preliminary valuation and are subject to change, which changes could be material. Acquired intangible assets, other than goodwill, will be amortized on a straight-line basis over their estimated useful lives. The following table sets forth the components of these other intangible assets and their estimated useful lives at October 5, 2011 (in thousands):

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Tangible assets and liabilities

Tangible assets were recorded at their respective carrying amounts, which approximates fair value, except for inventory. Teradyne increased LitePoint’s historical net carrying amount of certain inventory by $18.3 million to reflect its estimated fair value as of October 5, 2011.

Liabilities assumed have been recorded at their respective carrying amounts, which approximates fair value and the amount expected to be paid, except for deferred revenue. Deferred revenue has been reduced by $16.8 million to reflect its estimated fair value of $3.4 million as of October 5, 2011.

4. HISTORICAL INFORMATION

LitePoint’s historical financial statements for the six months ended June 30, 2011 and for the year ended December 31, 2010 are derived from LitePoint’s historical financial statements. Certain reclassifications have been made to these financial statements to conform to the presentation used in Teradyne’s historical financial statements. Such reclassifications had no effect on LitePoint’s previously reported income from continuing operations.

5. PRO FORMA ADJUSTMENTS

The following pro forma adjustments are included in the unaudited pro forma condensed combined statements of operations for the six months ended July 3, 2011 and the year ended December 31, 2010 and the unaudited pro forma condensed combined balance sheet as of July 3, 2011:

A. To give effect to cash payments of $572.7 million to acquire the shares of LitePoint and pay Teradyne’s acquisition-related transaction costs of $4.5 million.

B. To increase the historical carrying value of LitePoint inventories to the estimated selling prices less the cost of disposal and selling effort, including an appropriate return on sales effort.

C. To record preliminary purchase price allocation to goodwill and intangible assets as though the LitePoint acquisition had occurred on the balance sheet date. The pro forma adjustment for goodwill differs from the amount shown in Note 3 as the result of different tangible net asset balances as of July 3, 2011 (the date of the unaudited pro forma condensed combined balance sheet) and October 5, 2011 (the date of the acquisition).

D. To record fair value adjustment to LitePoint’s deferred revenue.

E. To record estimated fair value of contingent consideration.

F. To record deferred tax liabilities related to acquired intangible assets net of a $113.2 million reduction in Teradyne’s valuation allowance, recorded as a result of the acquisition.

G. To record the following adjustments to shareholders’ equity (in thousands):

H. Adjustment to stock based compensation for the effect of Teradyne assuming LitePoint’s unvested stock options.

I. To record amortization of intangible assets acquired.

J. To record forgone interest income resulting from cash utilized in connection with the LitePoint acquisition, based on actual cash paid for the acquisition and acquisition costs, and the historical interest rate (0.4%) earned on Teradyne’s cash, cash equivalents and marketable securities.

K. To record tax effects associated with the pro forma adjustments recorded in the condensed combined statements of operations on the reduction of interest income.

L. Adjustment to give effect to the impact of assumed LitePoint stock options as they would have been dilutive.

6. NONRECURRING CHARGES

The pro forma condensed combined statements of operations for the six months ended July 3, 2011 and the year ended December 31, 2010 do not reflect the impact on cost of revenues of $18.3 million to reflect LitePoint’s acquired inventory at fair value, the impact to reflect LitePoint’s acquired deferred revenue at fair value or the impact on selling and administrative expenses of investment advisory and legal costs of $4.5 million incurred by Teradyne as a direct result of the acquisition. Under SEC rules and regulations relating to pro forma financial statements, these amounts are considered to be nonrecurring charges and are excluded from the pro forma statements of operations.

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