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Teledyne Technologies (TDY)
NYSE:TDY
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
5.48Last Year’s EPS
4.95Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive tone: multiple record outcomes (quarterly orders, sales, non-GAAP earnings, operating margin), solid organic growth across most segments, substantial free cash flow generation, active and disciplined capital deployment (acquisitions and opportunistic buybacks), and a 2026 outlook broadly in line with consensus. There are manageable near-term headwinds — a notable revenue decline in Engineered Systems due to timing, margin pressure from recently acquired aerospace businesses, some product-line softness (X-ray detectors, scientific cameras), and dependency of certain test equipment sales on chip supplier timing. Management also flagged one-time items that boosted margins. Overall the positive financial momentum, healthy book-to-bill, strong cash generation, deleveraging, and strategic awards outweigh the transitory challenges.Company Guidance
Record Quarterly Performance
Company reported the largest quarterly orders, sales, non-GAAP earnings, and operating margin in its history; Q4 sales up 7.3% year-over-year and Q4 non-GAAP earnings up 14.1% year-over-year.
Full Year Growth
Full year 2025 sales increased 7.9% and full year non-GAAP earnings increased 11.5% versus prior year.
Strong Free Cash Flow and Deleveraging
Generated approximately $1.1 billion in free cash flow for the second consecutive year; Q4 free cash flow $339.2 million (record) vs $303.4 million in 2024; ended 2025 with leverage ratio of ~1.4x and net debt of $2.12 billion.
Active Capital Deployment
Deployed >$850 million on acquisitions in 2025 and repurchased $400 million of stock in Q4; continues 'string of pearls' bolt-on acquisition strategy and open appetite for larger, strategic deals when attractive.
Digital Imaging Strength (FLIR & Unmanned)
Digital imaging segment sales up 3.4% in Q4; infrared imaging components and subsystems (many for unmanned systems) increased over 20%; full-year digital imaging margin improved to ~22.6% and Q4 margin approached ~24% (management sees potential to reach ~23.4%–24% in 2026).
Instrumentation Segment Records
Instrumentation Q4 sales up 3.7% YoY; marine instrumentation achieved record sales of autonomous underwater vehicles; environmental instruments sales up 6.1%; full-year instrumentation non-GAAP operating margin rose 36 basis points to a record 28.4%.
Aerospace & Defense Sales Surge and Strategic Awards
Aerospace & defense electronics Q4 sales up 40.4% (driven by KeyOptik and MicroPak acquisitions plus organic growth); awarded contracts to supply space-based infrared detectors as part of three of four primes on a major tracking layer program — program expected to be north of $100 million to Teledyne over the next few years.
Healthy Book-to-Bill and Unmanned Business Growth
Q4 overall book-to-bill ~1.07 and full year ~1.08; unmanned (air, ground, underwater) revenue ~ $500 million in 2025 with management expecting ~10% growth (~$550 million) in 2026.
Guidance Consistent with Consensus
Management provided 2026 outlook: full-year revenue approximately $6.37 billion; full-year non-GAAP EPS range $23.45–$23.85; Q1 2026 non-GAAP EPS range $5.40–$5.50; expects seasonality similar to prior years (~48% of sales and ~46% of earnings in first half).
TDY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TDY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 21, 2026 | $566.23 | $621.79 | +9.81% |
Oct 22, 2025 | $573.75 | $543.73 | -5.23% |
Jul 23, 2025 | $555.95 | $546.58 | -1.69% |
Apr 23, 2025 | $461.10 | $448.52 | -2.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Teledyne Technologies (TDY) report earnings?
Teledyne Technologies (TDY) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Teledyne Technologies (TDY) earnings time?
Teledyne Technologies (TDY) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TDY EPS forecast?
TDY EPS forecast for the fiscal quarter 2026 (Q1) is 5.48.