Teledyne Q3 results beat estimates, raises FY EPS guidance (TDY:NYSE)

Teledyne Technologies reported record Q3 2026 sales and earnings, driven by strong execution in Digital Imaging. Organic growth in this segment reached 14.3%, with a 25% increase in infrared detectors. The company raised full-year revenue guidance to $6.625 billion and announced a pending acquisition of Varex, expected to close in early 2027. Management highlighted robust free cash flow, strategic stock repurchases, and margin expansion.

Teledyne Technologies (TDY) shares fell 0.04% to $631.94 despite reporting record Q3 2026 sales, operating profit, and adjusted EPS of $6.72, beating estimates. Revenue was $1.68B, topping forecasts. The company raised its full-year 2026 EPS guidance to $25.40–$25.50. The stock's muted reaction may reflect already high expectations and pending acquisition of Varex Imaging for $1.1B.

Teledyne (TDY) reported Q3 2026 earnings, highlighting strong backlog execution, robust free cash flow, and $224.6M in stock repurchases at $607/share. The company anticipates closing the Varex acquisition in early 2027. Digital Imaging sales rose 14.3%, while Instrumentation saw a 1.9% increase. Aerospace and Defense Electronics grew 4.3%, and Engineered Systems revenue increased 7.8%. GAAP EPS is projected between $5.68-$5.83 for Q4 2026 and $21.71-$21.87 for the full year.

Teledyne Technologies (TDY) reported Q3 earnings, highlighting 25%+ growth in infrared detectors and 376 basis points increase in Digital Imaging's non-GAAP operating margin. The company expects $2.5B in full-year Digital Imaging revenue, with 10% organic growth. Instrumentation sales rose 1.9%, while Electronic test-and-measurement sales declined 6.3%. Aerospace and Defense Electronics sales increased 4.3%.

Teledyne Technologies (TDY) reported Q3 FY2026 earnings, beating estimates with $6.72 EPS and $1.68B revenue. The stock is flat at $630.55. Growth is broad, with management citing various sectors. Guidance was raised for the third quarter in a row. Next catalysts include a Varex Imaging vote on Oct 28 and Q4 earnings in January. The stock trades at a P/E of 31.1, with some analysts flagging it as overvalued.

Teledyne reported Q3 2026 revenue of $1.68B, up 9.4% YoY and exceeding estimates by 1.9%. Analysts expect 4.6% revenue growth over the next 12 months. Operating margin was 20.6%, up 2.2 percentage points YoY. Adjusted EPS was $6.72, beating estimates by 9%.