Teledyne Technologies Reports Third Quarter Results
Business Wire•21/10/2026•06:55 ET
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Key Highlights
- ➤Q3 net sales $1,684.9 million, up 9.4% year over year
- ➤Q3 GAAP diluted EPS $5.82, up 25.2% year over year
- ➤Q3 non-GAAP diluted EPS $6.72, up 20.6% year over year
- ➤2026 GAAP EPS outlook raised to $21.71-$21.87 from $20.73-$20.99
- ➤Pending Varex acquisition valued at approximately $1.1 billion
Expert Statements
Robert Mehrabian, Executive Chairman of Teledyne Technologies
“Our third quarter sales and operating earnings were the strongest in Teledyne’s history.”
Robert Mehrabian, Executive Chairman of Teledyne Technologies
“Specifically, sales and non-GAAP earnings per share increased 9.4% and 20.6%, respectively.”
Robert Mehrabian, Executive Chairman of Teledyne Technologies
“Organic growth accelerated in our Digital Imaging segment and was led by sales of infrared detectors and subsystems for space and unmanned applications.”
Robert Mehrabian, Executive Chairman of Teledyne Technologies
“Furthermore, each of our major commercial imaging businesses, such as industrial vision sensors & systems and healthcare, increased year-over-year.”
Robert Mehrabian, Executive Chairman of Teledyne Technologies
“For all of Teledyne, orders exceeded sales every quarter over the last three years, and funded backlog is now nearly $5.3 billion.”
Robert Mehrabian, Executive Chairman of Teledyne Technologies
“We were pleased to announce the pending highly-complementary Varex acquisition in August, and Varex’s special meeting is scheduled for October 28.”
Robert Mehrabian, Executive Chairman of Teledyne Technologies
“Finally, given our continued strong cash flow, we recently made $224.6 million of opportunistic stock repurchases.”
* All-time record quarterly sales, operating profit and non-GAAP diluted earnings per share
* Third quarter net sales of $1,684.9 million, an increase of 9.4% compared with last year
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