$TDY · TELEDYNE TECHNOLOGIES INC
Teledyne Technologies reported Q3 2026 results with all-time record quarterly sales of $1,684.9M (+9.4% YoY), GAAP diluted EPS of $5.82 (+25.2%), and non-GAAP diluted EPS of $6.72 (+20.6%). The company raised its full-year 2026 non-GAAP EPS guidance to $25.40–$25.50 from $24.45–$24.65. Teledyne also announced a pending $1.1B acquisition of Varex Imaging, with the stockholder vote scheduled for October 28, 2026, and disclosed $224.6M in opportunistic stock repurchases at a weighted average price of $607.03.
- Q3 net sales of $1,684.9M, up 9.4% YoY — all-time record
- GAAP diluted EPS of $5.82, up 25.2% YoY; non-GAAP EPS of $6.72, up 20.6%
- Digital Imaging segment operating income surged 48.1% to $182.7M on 15.0% sales growth
- FY2026 non-GAAP EPS guidance raised to $25.40–$25.50 from $24.45–$24.65
- Pending $1.1B Varex Imaging acquisition; Varex stockholder vote set for October 28, 2026
Extended-hours trading shows TDY at $627.18, down 0.71% from the regular close of $631.68, despite record results and raised guidance — likely reflecting the $1.1B Varex acquisition funding dilution concerns or broader market rotation.
Record revenue and earnings plus a raised outlook signal strong execution, while the $1.1B Varex deal and $224.6M in buybacks show aggressive capital deployment.
Teledyne's Digital Imaging segment is benefiting from strong defense and space demand for infrared detectors, mirroring broader aerospace/defense sector tailwinds. The Varex acquisition would deepen its X-ray and imaging portfolio.
Forward-looking risks include U.S.-China trade war tariffs, EU reciprocal tariffs, defense spending cuts, semiconductor supply chain shortages, and integration risks from the pending Varex acquisition. The Varex deal also requires regulatory approvals and stockholder vote.
Get filings like this before the market reacts.
Real-time SEC filing alerts, AI summaries, and a free daily digest — plus portfolio tracking that ties filings to your positions.