Teledyne reports Q4 non-GAAP EPS $6.30, consensus $5.83

Reports Q4 revenue $1.61B, consensus $1.57B. “We concluded 2025 with the best quarterly orders, sales, and non-GAAP earnings and operating margin in the company’s history,” said Robert Mehrabian, Executive Chairman. “Throughout Teledyne (TDY), our defense businesses remained healthy, and our shorter cycle commercial businesses continued to recover with most product families increasing either sequentially or year-over-year. In Digital Imaging, Teledyne FLIR performed very well with particular strength in unmanned and other defense surveillance systems, while within Marine Instrumentation we achieved record sales of autonomous underwater vehicles. In the fourth quarter, we were awarded our first production-rate contract in the loitering munition market, and we were selected to supply space-based infrared detectors to the majority of prime contractors on the newly awarded U.S. Space Development Agency Tranche 3 Tracking Layer program. In terms of capital deployment, 2025 was our second largest year in history. However, having generated over $1.0B in free cash flow for two consecutive years, we maintained a strong balance sheet with ample financial flexibility.”