Teledyne posts record Q3 2026 sales, raises full‑year EPS guidance and announces $1.1 bn Varex acquisition
Teledyne Technologies reported third‑quarter 2026 revenue of about $1.68 billion, up 9.4% year‑over‑year, with GAAP EPS of $5.82 and non‑GAAP EPS of $6.72. Management raised its full‑year 2026 non‑GAAP EPS outlook to $25.40‑$25.50 and GAAP EPS outlook to $21.71‑$21.87. The company also disclosed a pending all‑cash acquisition of Varex Imaging valued at approximately $1.1 billion and repurchased $224.6 million of its own shares at a weighted‑average price of $607 per share.
Why it matters
The higher EPS guidance lifts earnings expectations for the rest of 2026, which could support the stock price if the outlook is met (the company says the guidance reflects its outlook). The Varex deal adds a sizable integration risk and may affect cash flow, while the share repurchase signals management’s confidence in the current valuation.
Key facts
- 1Third‑quarter 2026 net sales were $1.68 billion, up 9.4% YoY. stocktitan.net
- 2GAAP diluted EPS for the quarter was $5.82, up 25.2% YoY. stocktitan.net
- 3Non‑GAAP diluted EPS for the quarter was $6.72, up 20.6% YoY. stocktitan.net
- 4Full‑year 2026 GAAP EPS guidance was raised to $21.71‑$21.87. stocktitan.net
- 5Full‑year 2026 non‑GAAP EPS guidance was raised to $25.40‑$25.50. stocktitan.net
- 6Teledyne announced a pending cash acquisition of Varex Imaging valued at approximately $1.1 billion. stocktitan.net
Summary written by AlphAI AI Desk from 14 of 14 sources. Not investment advice. Figures are as stated by the linked sources.