Teledyne Technologies Incorporated Earnings Recaps
Q1 2026
Apr 22, 2026
Teledyne delivered a record first quarter with 7.6% revenue growth and a 17.2% rise in non-GAAP EPS, supported by strong organic growth and expanded margins across key segments.
Key takeaways
- First quarter sales grew 7.6%, with organic growth at 6.9%, driven by robust demand in digital imaging, space sensors, and unmanned systems.
- Non-GAAP EPS increased 17.2%, with operating margins advancing 58 basis points despite higher R&D spend.
- Book-to-bill ratio surpassed 1.16 for the tenth consecutive quarter, prompting upward revisions to full-year sales guidance to approximately $6.415 billion and EPS to around $24.
- Segment highlights include 7.9% sales growth in Digital Imaging, particularly in sensors and unmanned aerial systems, and 14.4% in Aerospace & Defense Electronics, benefiting from organic growth and recent acquisitions.
- Solid order backlog, strategic focus on defense counter-drone, space sensing, and industrial markets position the company well for continued momentum.
Q3 2025
Oct 23, 2025
Teledyne reported a record third quarter with a 6.7% sales increase year-over-year, driven by robust demand across defense and commercial sectors, alongside record free cash flow of $314 million.
Key takeaways
- Non-GAAP earnings per share rose 9.2%, reflecting strong operational efficiency.
- Quarterly record in total new orders, bolstered by growing backlog at Teledyne FLIR.
- Full-year sales outlook has been raised from $6.03 billion to a potential $6.06 billion.
- The Aerospace and Defense Electronics segment saw a significant 37.6% increase in sales, driven by acquisitions and organic growth.
- Although challenges exist with government contracts amid the U.S. shutdown, management remains optimistic about minimal impact on overall performance.