Teledyne Technologies 3Q 2026: Revenue $1.68B, Net income $272.8M, EPS $5.82— 10-Q Summary

Needham maintained a Buy rating on Teledyne Technologies with a $775 price target, implying 24.9% upside. The firm cited strong order growth, a $5.3B backlog, and solid financial performance, particularly in high-margin Digital Imaging segment.

Stifel increased its price target for Teledyne Technologies (NYSE:TDY) to $795, citing strong earnings driven by Digital Imaging growth. Revenue and margins exceeded expectations, with organic growth at 8.7% and margins at 23.9%. Management raised full-year guidance for the third consecutive quarter. The stock has a market cap of $29.21 billion and a P/E ratio of 30.34.

Teledyne Technologies (TDY) reported Q3 2026 earnings, highlighting record sales and raised guidance. Instrumentation and aerospace segments saw modest growth, while Digital Imaging accelerated. Supply chain issues and inflation persist, but price increases mitigate costs. The Varex acquisition may initially reduce revenue. Backlog stands at $5.3B, with 72% convertible to revenue in the next 12 months. Management expects mid-single-digit growth into 2027, with uncertainty beyond.

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.