Teledyne Q3 Sales Up 9.4%, Non-GAAP EPS $6.72; 2026 Outlook Raised
TDY sits 30% above its 52-week low of $483.02 on elevated volume (2.8× avg).
Summary
Teledyne's Q3 revenue came in at $1.685B, up 9.4% year over year, with GAAP EPS of $5.82 and non-GAAP EPS of $6.72. The company raised its 2026 EPS outlook and guided Q4 non-GAAP EPS to $6.60–$6.70. Backlog sits at roughly $5.3B, and order momentum was strong in Aerospace & Defense and Engineered Systems, including a record 1.23 book-to-bill in Electronic Test & Measurement. Buybacks totaled $224.6M, including about 0.2 million shares for $94.8M at roughly $607.03 apiece between September and October 19. The raised outlook and record book-to-bill are the parts that matter; the proposed $1.1B Varex acquisition remains the larger swing factor for the thesis.
At the time of this announcement, TDY was trading at $630.10 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $29.2B. The 52-week trading range was $483.02 to $697.67. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.