Earnings summaries and quarterly performance for TELEDYNE TECHNOLOGIES.
Executive leadership at TELEDYNE TECHNOLOGIES.
Edwin Roks
Detailed
Chief Executive Officer
CEO
CB
Cynthia Belak
Detailed
Senior Vice President and Controller
GC
George C. Bobb III
Detailed
President and Chief Operating Officer
JV
Jason VanWees
Detailed
Vice Chairman
MS
Melanie S. Cibik
Detailed
Executive Vice President, General Counsel, Chief Compliance Officer and Secretary
RM
Robert Mehrabian
Detailed
Executive Chairman
SF
Stephen F. Blackwood
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at TELEDYNE TECHNOLOGIES.
DR
Denise R. Singleton
Detailed
Director
JC
Jane C. Sherburne
Detailed
Director
KC
Kenneth C. Dahlberg
Detailed
Director
MT
Michael T. Smith
Detailed
Lead Independent Director
MA
Michelle A. Kumbier
Detailed
Director
RA
Robert A. Malone
Detailed
Director
SM
Simon M. Lorne
Detailed
Director
VJ
Vincent J. Morales
Detailed
Director
WW
Wesley W. von Schack
Detailed
Director
Research analysts who have asked questions during TELEDYNE TECHNOLOGIES earnings calls.
JG
Joseph Giordano
TD Cowen
10 questions for TDY
Also covers: ABLZF, AME, APH +22 more
AB
Andrew Buscaglia
BNP Paribas
9 questions for TDY
Also covers: AME, APH, CGNX +12 more
GK
Greg Konrad
Jefferies Financial Group Inc.
8 questions for TDY
Also covers: AVAV, CAE, CDRE +5 more
JR
James Ricchiuti
Needham & Company, LLC
8 questions for TDY
Also covers: AEIS, BELFA, BHE +20 more
DK
Damian Karas
UBS
7 questions for TDY
Also covers: ALH, AOS, CGNX +14 more
JS
Jonathan Siegmann
Stifel Financial Corp.
7 questions for TDY
Also covers: AVAV, BAH, CACI +9 more
JL
Jordan Lyonnais
Bank of America
7 questions for TDY
Also covers: AIN, AXON, CAE +10 more
GH
Guy Hardwick
Freedom Capital Markets
6 questions for TDY
Also covers: APH, CGNX, GWW +9 more
NP
Noah Poponak
Goldman Sachs
4 questions for TDY
Also covers: AMTM, BA, CACI +22 more
Robert Jamieson
Vertical Research Partners
4 questions for TDY
Also covers: AME, BDC, KEYS +4 more
Amit Mehrotra
UBS
2 questions for TDY
Also covers: CARR, CR, DOV +15 more
Kristine Liwag
Morgan Stanley
2 questions for TDY
Also covers: , AER, AMTM +27 more
AP
Alexander Preston
Bank of America Merrill Lynch
1 question for TDY
Also covers: AIN, BWXT, DRS +2 more
JR
Jim Ricchiuti
Needham & Company
1 question for TDY
Also covers: AEIS, BHE, CECO +10 more
JL
Jordan Lane
Bank of America
1 question for TDY
Robert Stallard
Vertical Research Partners
1 question for TDY
Also covers: BA, BAESY, DRS +12 more
ZW
Zachary Walljasper
UBS
1 question for TDY
Also covers: CARG, ST
Recent press releases and 8-K filings for TDY.
Teledyne Technologies forecasts unmanned systems growth and low-single digit short-cycle recovery
TDY
Guidance Update
Share Buyback
M&A
- Unmanned systems revenue of $500 million, expected to grow ~10% in 2026, driven by Black Hornet drones, the Rogue 1 loitering munition production contract, component sales to UAV/SUV/USV builders, and subsea/glider vehicle orders.
- Space segment generates roughly $400 million from infrared and visible imaging devices, led by SDA Tranche programs; Tranche 3 alone is worth >$100 million with incremental deliveries beginning in 2026.
- Short-cycle businesses (industrial vision, environmental, test & measurement, healthcare) have stabilized and are guided to low single-digit revenue growth in 2026 based on recent order flow.
- Executed nearly $1 billion of strategic transactions (Qioptiq acquisition plus bolt-ons) and ran opportunistic share buybacks in Q4, with a preference for value-accretive M&A but readiness to repurchase at attractive valuations (15–16× earnings).
Feb 12, 2026, 4:30 PM
Teledyne outlines unmanned, space growth and capital strategy
TDY
Share Buyback
M&A
- Teledyne’s $500 million unmanned systems business is projected to grow 10% in 2026, comprising UAV platforms ($200 M), components for others’ UAS and USVs ($150 M), subsea vehicles ($100 M) and ground robots ($50 M), driven by Black Hornet, SkyRaider and Rogue 1 production (~$30 M increment in 2026) along with strong subsea orders in Europe.
- The $400 million space segment is now defense-weighted, focused on infrared and visible imaging devices for missile tracking and earth observation, including SDA Tranche 3 Tracking Layer awards worth over $100 million in total.
- Corporate exposure includes 30% defense (22% U.S. DoD, 8% RoW) alongside an energy business generating $250–280 million in subsea connectors, and recovering short-cycle industrial, environmental and test-measurement units targeting low single-digit growth in 2026.
- Capital allocation remains M&A-first, with ~$1 billion deployed on Qioptiq and bolt-ons over the past 18 months, supplemented by opportunistic share buybacks when the stock trades at 15–16× earnings.
Feb 12, 2026, 4:30 PM
Teledyne outlines A&D segment growth drivers and portfolio strategy
TDY
Guidance Update
- A&D revenue mix: ~30% of sales from defense (22% US DoD, 8% ex-US), with 5% in commercial aviation and 6–7% in space programs.
- Unmanned systems: $500 M in 2025 sales, guided to ~10% growth in 2026, split into $200 M UAS, $150 M components, $100 M subsea vehicles and $50 M ground robots; key programs include Black Hornet and first-production Rogue 1 loitering munitions (+$30 M DoD funding in 2026).
- Space imaging: $400 M business driven by infrared/visible sensors for missile tracking, earth observation and SDA Tranche 3 awards (>$100 M); NASA space services (~$60 M/year) remain low-margin but stable.
- Short-cycle markets: Industrial & machine vision, environmental monitoring and test & measurement units are returning to modest, low-single-digit growth in 2026; healthcare X-ray sensor sales expected flat.
- M&A approach: Continued methodical bolt-on strategy (e.g., $20 M AD Scientific gas sensors) alongside larger, long-pursued deals like FLIR, emphasizing complementary fit and disciplined valuation.
Feb 12, 2026, 4:30 PM
Teledyne FLIR Defense wins $17.5M Swiss nano-drone contract
TDY
New Projects/Investments
- Teledyne FLIR Defense secures $17.5 million contract from armasuisse for Black Hornet 4 delivery on Switzerland’s Piranha 8x8 ISR program, integrating with the vehicle’s digital systems.
- The Black Hornet 4 software has been adapted to stream live video and transmit target data, coordinates, and situational awareness directly to vehicle displays and crews.
- The 70 g nano-drone offers a 12 MP day camera and high-resolution thermal imaging, with over 30 min endurance, 3 km range, and operation in winds up to 25 knots and rain.
- Initial integrated systems were delivered in 2025, with remaining units scheduled for delivery throughout 2026.
Feb 2, 2026, 3:48 PM
Teledyne reports Q4 2025 results
TDY
Earnings
Guidance Update
M&A
- Teledyne concluded Q4 with 7.3% YoY sales growth and 14.1% increase in non-GAAP earnings, marking its largest quarterly orders, sales, earnings, and operating margin; FY 2025 sales and non-GAAP earnings rose 7.9% and 11.5%, respectively.
- Q4 cash flow: $379 million operating cash flow and record free cash flow of $339.2 million; ended with net debt of $2.12 billion and leverage ratio 1.4×.
- Capital deployment included $850 million of acquisitions in 2025 (including DD Scientific) and $400 million of stock repurchases in Q4, supported by approximately $1.1 billion in free cash flow.
- Full-year 2026 outlook: revenue of $6.37 billion and non-GAAP EPS of $23.65 at midpoint, with ~48% of sales and 46% of earnings in H1; Q1 non-GAAP EPS guidance of $5.40–$5.50.
Jan 21, 2026, 4:00 PM
Teledyne reports Q4 2025 results
TDY
Earnings
Guidance Update
M&A
- Q4 sales rose 7.3% year-over-year and non-GAAP earnings increased 14.1%, driving the highest quarterly orders, sales, earnings, and operating margin in company history.
- Full-year 2025 sales grew 7.9% and non-GAAP earnings were up 11.5%; free cash flow was approximately $1.1 billion for the second consecutive year, ending with 1.4× leverage.
- 2026 guidance calls for revenue of about $6.37 billion and non-GAAP EPS of $23.65, with roughly 48% of sales and 46% of earnings expected in H1.
- Capital deployment in 2025 included over $850 million on acquisitions (including DD Scientific) and $400 million in Q4 share repurchases, maintaining a strong balance sheet.
Jan 21, 2026, 4:00 PM
Teledyne reports Q4 2025 earnings
TDY
Earnings
Guidance Update
Share Buyback
- Q4 sales rose 7.3% y/y and non-GAAP earnings increased 14.1%; for FY 2025, sales grew 7.9% and non-GAAP earnings were up 11.5%
- Q4 free cash flow was $339.2 million (vs. $303.4 million y/y); FCF of ~$1.1 billion for the second consecutive year; net debt $2.12 billion, leverage ratio 1.4×
- 2026 guidance assumes ~$6.37 billion in revenue and non-GAAP EPS of $23.65; Q1 non-GAAP EPS expected $5.40–$5.50, with ~48% of sales in H1
- Segment highlights: digital imaging Q4 sales +3.4% and record 24.7% margin; instrumentation Q4 sales +3.7% and record FY margin 28.4%; aerospace & defense electronics Q4 sales +40.4%
- Deployed $850 million on acquisitions in 2025 (e.g., DD-Scientific) and repurchased $400 million of stock in Q4
Jan 21, 2026, 4:00 PM
Teledyne reports Q4 2025 results
TDY
Earnings
Share Buyback
Guidance Update
- Q4 net sales of $1,612.3 million (+7.3% Y/Y); GAAP EPS of $5.84 and non-GAAP EPS of $6.30 (+14.1%).
- Operating cash flow of $379.0 million, free cash flow of $339.2 million, and quarter-end leverage ratio of 1.4×.
- Share repurchases of $400.0 million at an average price of $507.52; full-year 2025 capital deployment of $850.0 million on acquisitions.
- Completed carve-out acquisition of TransponderTech and closed DD-Scientific acquisition on January 14, 2026.
- Issued 2026 outlook: GAAP EPS of $19.76–$20.22 and non-GAAP EPS of $23.45–$23.85.
Jan 21, 2026, 11:58 AM
Teledyne reports Q4 2025 results
TDY
Earnings
Guidance Update
Share Buyback
- Record Q4 net sales of $1,612.3 M, up 7.3% year-over-year.
- Q4 GAAP EPS of $5.84 and non-GAAP EPS of $6.30, a 14.1% increase year-over-year.
- Q4 operating cash flow of $379.0 M, free cash flow of $339.2 M, and $400.0 M in share repurchases at an average price of $507.52.
- Full-year 2025 net sales of $6,115.4 M (+7.9%), with GAAP EPS of $18.88 and non-GAAP EPS of $21.99.
- 2026 outlook: GAAP EPS $19.76–20.22, non-GAAP EPS $23.45–23.85.
Jan 21, 2026, 11:55 AM
Teledyne acquires DD-Scientific
TDY
M&A
- Teledyne Technologies (NYSE:TDY) announced the acquisition of DD-Scientific Holdings Limited and its subsidiary DD-Scientific Limited.
- DD-Scientific, founded in 2011 and headquartered in Fareham, UK, develops high-performance gas sensors for industrial safety, healthcare, and environmental monitoring.
- Terms of the transaction were not disclosed.
- The deal adds complementary technology—lead-free electrochemical sensors—and expands Teledyne’s sensors, optical gas imaging cameras, and instrumentation offerings across power generation, petrochemical, semiconductor, and medical sectors.
Jan 14, 2026, 2:22 PM
Quarterly earnings call transcripts for TELEDYNE TECHNOLOGIES.
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