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Teledyne Technologies 8-K Report, Financial Results (Jul 22, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 22, 2026
Period End
July 22, 2026
Security
TDY
In the record · 2016–202610-K1210-Q338-K120

TDY filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 120 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jun ’17Jun ’17
  2. Material agreement8-K · Mar ’19Mar ’19
  3. Leadership change8-K · Oct ’21Oct ’21
  4. Leadership change8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed July 22, 2026. Cited figures are marked; the original filing is the authoritative source.

Teledyne Technologies Incorporated (NYSE:TDY) reported second quarter 2026 results in Exhibit 99.1, describing the quarter as the strongest in the company's history for orders, sales and operating profit.

Net sales were $1,662.5 milliona, up 9.8% from $1,513.7 million a year earlier. GAAP net income attributable to Teledyne was $251.7 million, or $5.37 per diluted share, compared with $209.9 million, or $4.43, in the prior-year quarter. Non-GAAP diluted EPS was $6.28, compared with $5.20 a year earlier, an increase of 20.8%.

Operating margin was 20.0% on a GAAP basis and 23.4% on a non-GAAP basis. Digital Imaging drove the results, with net sales of $868.7 millionb (up 12.7%) and operating income of $170.2 million (up 42.3%), supported by infrared detectors and systems for defense and commercial uses. Instrumentation sales rose 5.5% to $387.8 million while its operating income was roughly flat at $101.4 million, reflecting unfavorable product mix.

Aerospace and Defense Electronics and Engineered Systems also grew sales, to $286.4 millionc and $119.6 million respectively. Management reported approximately $5.0 billion of funded backlog and repaid $450 million of gross debt at the beginning of the quarter, leaving net debt at $1,686.9 million versus $2,123.0 million at December 28, 2025. The company raised its full-year 2026 outlook, with GAAP diluted EPS now expected at $20.73 to $20.99 (previously $20.08 to $20.44) and non-GAAP diluted EPS at $24.45 to $24.65 (previously $23.85 to $24.15).

Third-quarter 2026 guidance is GAAP EPS of $5.10 to $5.25d and non-GAAP EPS of $6.05 to $6.15. The filing also notes management's continued review of acquisitions and a list of risk factors, including the 2026 conflict involving the United States and Iran, tariffs, and supply chain constraints.

02—Key points

Key Highlights

  1. Net sales of $1,662.5 million, up 9.8% from $1,513.7 million in the second quarter of 2025.
  2. GAAP diluted EPS of $5.37 versus $4.43 a year earlier; non-GAAP diluted EPS of $6.28, up 20.8% from $5.20.
  3. Digital Imaging led growth: sales of $868.7 million (up 12.7%) and operating income of $170.2 million (up 42.3%).
  4. Instrumentation operating income was essentially flat at $101.4 million on 5.5% higher sales, reflecting unfavorable product mix.
  5. Full-year 2026 GAAP EPS outlook raised to $20.73–$20.99 and non-GAAP EPS outlook raised to $24.45–$24.65.
  6. Free cash flow of $284.7 million and cash from operations of $315.2 million; net debt reduced to $1,686.9 million after a $450.0 million debt maturity payment.
  7. Third-quarter 2026 guidance: GAAP diluted EPS of $5.10–$5.25 and non-GAAP diluted EPS of $6.05–$6.15.

03—Questions

Frequently Asked Questions

  1. How did Teledyne perform in the second quarter of 2026?

    Net sales were $1,662.5 million, up 9.8%, and net income attributable to Teledyne was $251.7 million, or $5.37 per diluted share. Non-GAAP diluted EPS was $6.28, up 20.8% from $5.20 a year earlier. The company described the quarter as an all-time record for orders, sales and operating profit.

  2. What drove the results by segment?

    Digital Imaging was the main contributor, with net sales of $868.7 million and operating income of $170.2 million, reflecting higher infrared detector and system sales for defense and commercial applications. Aerospace and Defense Electronics grew sales to $286.4 million, and Engineered Systems rose to $119.6 million. Instrumentation sales increased to $387.8 million, but its operating income was $101.4 million, down 0.2%, due to unfavorable product mix.

  3. How did Teledyne change its full-year 2026 guidance?

    The company raised its full-year 2026 GAAP diluted EPS outlook to $20.73–$20.99 from $20.08–$20.44 and its non-GAAP diluted EPS outlook to $24.45–$24.65 from $23.85–$24.15. Third-quarter 2026 guidance is $5.10–$5.25 on a GAAP basis and $6.05–$6.15 on a non-GAAP basis.

  4. What is the company's balance sheet and cash position?

    Net debt was $1,686.9 million as of June 28, 2026, down from $2,123.0 million at December 28, 2025, after a $450.0 million debt maturity payment in the quarter. Cash and cash equivalents were $340.1 million, and $1,160.7 million was available under the $1.20 billion credit facility. The quarter-end consolidated leverage ratio was 1.1x.

  5. Does management plan additional acquisitions?

    Management said that, given the strength of its balance sheet, it continues to review a number of acquisitions. The filing also cautions that it cannot provide assurance as to when, if or on what terms any acquisitions will be made, and that acquisitions carry integration and other risks.

04—Continue

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