Teledyne lifts 2026 outlook after record quarter, adjusted EPS up 20.6% to $6.72
Teledyne Technologies raised its full-year earnings outlook on Wednesday after posting record quarterly sales and profit, with its imaging business growing fastest.
The company now expects 2026 non-GAAP earnings of $25.40 to $25.50 a share, up from $24.45 to $24.65, according to its earnings release filed with an 8-K. It lifted its GAAP EPS outlook to $21.71 to $21.87 from $20.73 to $20.99.
Third-quarter net sales rose 9.4% to $1.68 billion from $1.54 billion. Net income attributable to Teledyne climbed 23.6% to $272.8 million, or $5.82 a diluted share, from $4.65. Non-GAAP EPS rose 20.6% to $6.72 from $5.57.
Digital Imaging leads
The Digital Imaging segment grew sales 15.0% to $903.0 million, and its operating income jumped 48.1% to $182.7 million. Executive Chairman Robert Mehrabian said organic growth accelerated there and that funded backlog is now nearly $5.3 billion.
Aerospace and Defense Electronics sales rose 4.3% to $287.4 million, while Instrumentation edged up 1.9% to $370.5 million.
Deals and buybacks
Teledyne said Varex Imaging shareholders are scheduled to vote on its pending roughly $1.1 billion acquisition on Oct. 28.
The company bought back $224.6 million of stock in September and through Oct. 19 at an average price of $607.03 a share. Free cash flow was $319.5 million in the quarter, and leverage stood at 0.9 times at quarter-end.
By the numbers
- Net sales: $1.68 billion, up 9.4%
- Non-GAAP EPS: $6.72, vs. $5.57
- GAAP diluted EPS: $5.82, vs. $4.65
- 2026 non-GAAP EPS outlook: $25.40 to $25.50
- Share repurchases: $224.6 million
Sources
- Teledyne Technologies Incorporated, Form 8-K (Item 2.02) with Exhibit 99.1 earnings release, filed Oct. 21, 2026, accession 0001094285-26-000055
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.
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