Quarterly ResultJul 22, 2026, 07:31 AM
Teledyne Q2 Non-GAAP EPS $6.28, Sales $1.66B; Raises FY26 Outlook
AI Summary
Teledyne Technologies reported record second quarter 2026 results, with net sales increasing 9.8% to $1,662.5 million and non-GAAP diluted earnings per share rising 20.8% to $6.28. The company achieved all-time record quarterly orders, sales, and operating profit. Following these strong results, Teledyne raised its full year 2026 GAAP and non-GAAP diluted earnings per share outlook. The company also noted a $450 million debt repayment and a consolidated leverage ratio of 1.1x.
Key Highlights
- Second quarter net sales increased 9.8% to $1,662.5 million from $1,513.7 million in Q2 2025.
- GAAP diluted earnings per share was $5.37, up from $4.43 in Q2 2025.
- Non-GAAP diluted earnings per share rose 20.8% to $6.28 from $5.20 in Q2 2025.
- Full year 2026 non-GAAP EPS outlook raised to $24.45-$24.65 from prior $23.85-$24.15.
- Cash from operations was $315.2 million and free cash flow was $284.7 million.
- Digital Imaging segment net sales grew 12.7% to $868.7 million.
- Net debt stood at $1,686.9 million as of June 28, 2026, following a $450 million debt repayment.
Price Impact
More from TDY