Teledyne Technologies Incorporated (TDY) Earnings Call Transcripts

Teledyne Technologies Incorporated's Latest Earnings Call - Q2 FY2026

Teledyne Technologies reported a strong second quarter for fiscal year 2026, with sales increasing by 9.8% year-over-year and non-GAAP earnings up 20.8%. Management raised the full-year revenue guidance by $120 million to over $6.53 billion, reflecting robust demand across multiple segments, particularly in Digital Imaging and Aerospace & Defense Electronics. The company also increased its non-GAAP earnings outlook by $0.55 per share, signaling confidence in continued organic growth.

Reported metrics

Guidance from management

Management expects GAAP EPS for Q3 2026 to be in the range of $5.10 to $5.25 and non-GAAP EPS in the range of $6.05 to $6.15. The full-year GAAP EPS guidance is now $20.73 to $20.99, and non-GAAP EPS is $24.45 to $24.65, reflecting a positive outlook.

What management said

Sure. So the tariff benefit net of some other onetime items, was about a $10 million pickup in the quarter, mostly in digital imaging. And so from a margin standpoint, Digital Imaging had a 353 basis point improvement in margins year-over-year. And the tariffs contributed a little more than 100 basis points of that, call it, 120.

I think for the year, we're kind of being a little cautious. We think the margins will stay the same as we projected before. But there's -- if the revenues keep increasing right now, we're projecting overall revenue increase for the year of about 7%. If that -- which is, by the way, 200 basis points above what we projected in April. If that goes up, our margins would improve. Right now, we're thinking overall margin ...

What analysts pressed on

Analysts raised concerns about the sustainability of the growth rates, particularly in light of supply chain issues and inflation. There were questions regarding the potential impact of these factors on margins and future guidance, especially given the tough comparisons in Q4.

Main topics on the call

• Record Orders and Sales — Teledyne achieved the strongest quarterly orders, sales, and operating profit in its history, with sales up 9.8% and orders exceeding sales for the 11th consecutive quarter. Management noted, "Orders have now exceeded sa...
• Digital Imaging Segment Growth — The Digital Imaging segment saw a significant 12.7% increase in sales, driven by strong demand for infrared detectors and systems. Management highlighted that "sales of infrared detectors for space-based imaging increase...
• Guidance Increase — Management raised its full-year revenue forecast by $120 million and adjusted non-GAAP earnings per share guidance upward by $0.55. This reflects a more optimistic outlook, stating, "We now believe 2026 annual revenue wi...
• Defense Business Acceleration — Teledyne's defense sales are projected to grow at a high single-digit rate, with pockets of double-digit growth. Management noted, "We think 2026 defense sales should increase at the high single-digit rate with pockets o...

Read the full Teledyne Technologies Incorporated transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 47 Teledyne Technologies Incorporated earnings call transcripts on record, spanning January 22, 2020 to July 22, 2026. Based on this history, Teledyne Technologies Incorporated reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TDY

Exchange

NYSE

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

47

First call

January 22, 2020

Most recent

July 22, 2026

Reporting cadence

quarterly