Teledyne Posts Record Q2 and Lifts Full-Year EPS Outlook
TDY sits 38% above its 52-week low of $483.02 on elevated volume (2.9× avg).
Summary
Teledyne delivered record Q2 2026 orders, sales, and operating profit, and raised its full-year EPS guidance well above prior expectations. Non-GAAP EPS of $6.28 beat estimates by a wide margin, fueled by robust growth in Digital Imaging and improved margins.
Key Events · Earnings and Guidance · TDY
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Record Q2 Results
Net sales reached $1,662.5 million, a 9.8% year-over-year increase, while GAAP diluted EPS came in at $5.37 and non-GAAP diluted EPS hit $6.28, up 20.8% from the prior year.
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Full-Year Guidance Raised
The 2026 GAAP EPS outlook was lifted to $20.73–$20.99 from $20.08–$20.44, and the non-GAAP EPS outlook was raised to $24.45–$24.65 from $23.85–$24.15.
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Strong Cash Flow and Debt Reduction
Free cash flow for the quarter totaled $284.7 million, and $450 million of gross debt was repaid, bringing net debt down to $1,686.9 million and leverage to 1.1x.
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Broad-Based Segment Growth
Digital Imaging sales rose 12.7% with operating income up 42.3%; Aerospace and Defense Electronics sales increased 8.2%; and Engineered Systems sales grew 8.4%.
Analysis · TDY · Manufacturing
The quarter was Teledyne's strongest ever, with sales climbing 9.8% and non-GAAP EPS surging 20.8%. Reflecting that momentum, the company materially raised its full-year 2026 EPS outlook—GAAP guidance now stands at $20.73–$20.99, up from $20.08–$20.44, while the non-GAAP range moved to $24.45–$24.65 from $23.85–$24.15. Operating margins expanded across all segments, free cash flow reached $284.7 million, and $450 million of debt was repaid, further strengthening the balance sheet. The results and guidance raise point to broad-based demand strength, especially in defense and space imaging, and leave the company well positioned for continued M&A.
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In the 30 days to Oct 31, 2026, 39.9% of the 1148 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, TDY was trading at $666.99 on NYSE in the Manufacturing sector, with a market capitalization of approximately $30B. The 52-week trading range was $483.02 to $693.38. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.