Teledyne Technologies Incorporated (TDY) Earnings
Teledyne Technologies Incorporated is expected to report next earnings on July 22, 2026 (in NaN days), with a consensus EPS estimate of $5.78. TDY has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +4.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $5.48 | $5.80 | +5.8% | $1.6B | +3.0% |
| Jan 21, 2026 | $5.83 | $6.30 | +8.1% | $1.6B | +2.7% |
| Oct 22, 2025 | $5.47 | $5.57 | +1.8% | $1.5B | +0.8% |
| Jul 23, 2025 | $5.05 | $5.20 | +3.0% | $1.5B | +2.6% |
| Apr 23, 2025 | $4.92 | $4.95 | +0.6% | $1.4B | +1.1% |
| Jan 22, 2025 | $5.22 | $5.52 | +5.7% | $1.5B | +3.6% |
| Oct 23, 2024 | $4.97 | $5.10 | +2.6% | $1.4B | +1.9% |
| Jul 24, 2024 | $4.50 | $4.58 | +1.8% | $1.4B | +1.1% |
| Jan 24, 2024 | $5.04 | $5.44 | +7.9% | $1.4B | -2.8% |
| Oct 25, 2023 | $4.76 | $5.05 | +6.1% | $1.4B | -3.9% |
| Jul 26, 2023 | $4.64 | $4.67 | +0.6% | $1.4B | +0.9% |
| Jan 25, 2023 | $4.54 | $4.94 | +8.8% | $1.4B | +0.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 22, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Robert mentioned 2026 started with record first quarter sales, earnings per share and operating margin. Sales and non-GAAP earnings increased 7.6% and 17.2% respectively. Despite increase in R&D expense, non-GAAP operating margin increased 58 basis points. Leverage ratio declined to lowest in 5 years. Excluding acquisitions, sales increased 5.3% with organic growth 6.9%. George commented on each segment's performance like Digital Imaging's balanced growth, Instrumentation's various business performances, Aerospace and Defense Electronics' growth and Engineered Systems' margin increase. Stephen discussed financials and outlook for second quarter and full year 2026
Guidance
Management believes sales will be in range of $6.415 billion, 70 basis points higher than Jan. Raising earnings outlook. Second quarter GAAP EPS range $4.75 - $4.90, non-GAAP $5.70 - $5.80. Full year 2026 GAAP EPS range $20.08 - $20.44, non-GAAP $23.85 - $24.15
Segment performance
Digital Imaging segment: First quarter sales increased 7.9% with non-GAAP operating margin increasing 107 basis points to 23.2%. Instrumentation segment: First quarter sales increased 5.3% versus last year. Aerospace and Defense Electronics segment: First quarter sales increased 14.4% with non-GAAP segment margin increasing nearly 200 basis points year-over-year. Engineered Systems segment: First quarter revenue decreased 2.6% but segment operating margin increased 113 basis points
Analyst Q&A
Q: Maybe just to start on the revised revenue guidance of $6.415 billion. Can you maybe just talk about organic versus inorganic? And then if you think about some of the derisking or things that have gotten better since the guidance you gave last quarter, where are you seeing the most outperformance just from a segment basis?
A: Of course, Greg. First, fundamentally, we're seeing about a 4.9% total growth for the year right now, which is about 70 basis points higher than we had in January. About 4% of [ that solid 4% ] is organic and about 0.9% is from acquisitions, 1 early in 2025 and 1 small one early this year. From a segment perspective, we think the highest growth will probably be in our Digital Imaging and Aerospace and Defense with Aerospace and Defense probably over 6% and Digital Imaging overall about 5% led by really FLIR which we expect will grow about 6.5%.
Q: Yes, that's perfect. And you gave a little bit of color on the opening, but just following up on defense. How much was it up overall in the quarter? And then you mentioned FLIR. Can you just maybe give a little bit more color on FLIR defense growth? And then what's kind of driving the outperformance in A&D electronics just given that broader portfolio?
A: Okay. Let me start with FLIR defense I think we're looking at about 9% growth in that area. Pretty much all of our products in the FLIR Defense are growing, specifically drones, nano drones, loitering drones, surveillance systems, you name it. And of course, we do supply both include visible and more importantly, infrared detectors, not only to our own drone manufacturers but also to everyone else across the world that's making drones. From from an A&D perspective, the growth has been again in a variety of our components. As you know, we make everything from lasers to detectors, readouts, semiconductors, switches. All of these are seeing various degrees of growth. And it's -- the business is very healthy, both supplying our own products, but more importantly, supplying products from -- that are required as the various conflicts are increasing both in Europe and the Middle East