earnings
confidence high
sentiment positive
materiality 0.82
Teledyne Q3 sales $1.68B (+9.4%), non-GAAP EPS $6.72 (+20.6%); raises FY26 EPS outlook
TELEDYNE TECHNOLOGIES INC
- Net sales $1,684.9M vs $1,539.5M a year ago (+9.4%); GAAP diluted EPS $5.82 (+25.2%); non-GAAP EPS $6.72 (+20.6%); net income $272.8M.
- Digital Imaging sales $903.0M (+15.0%) with operating income $182.7M (+48.1%), driven by infrared detectors and subsystems for space and unmanned applications.
- Other segments: Instrumentation $370.5M (+1.9%), Aerospace & Defense Electronics $287.4M (+4.3%) on $16.5M higher defense electronics, Engineered Systems $124.0M (+7.8%).
- FY26 GAAP EPS outlook raised to $21.71-$21.87 from $20.73-$20.99; non-GAAP to $25.40-$25.50 from $24.45-$24.65; Q4 non-GAAP EPS seen at $6.60-$6.70.
- Pending ~$1.1B all-cash Varex Imaging deal announced Aug 10, Varex shareholder vote set for Oct 28, close expected early 2027; $224.6M of buybacks at $607.03 average.