Teledyne's third quarter 2026 net sales increased 9.4%, while net income attributable to Teledyne increased 23.6%, primarily due to higher sales and operating margin. Digital Imaging operating income increased 48.1%, with sales increased 15.0%.
TDY · Teledyne Technologies Inc
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Teledyne reported its strongest third-quarter sales and operating earnings in company history, raised 2026 guidance for a third consecutive quarter, and ended with approximately $5.3 billion of funded backlog; Varex acquisition is expected to close early in 2027.
Teledyne Technologies Incorporated reported third quarter 2026 net sales of $1,684.9 million, up 9.4%, and raised full year 2026 GAAP diluted EPS outlook to $21.71 to $21.87. It also announced a pending Varex Imaging Corporation acquisition valued at approximately $1.1 billion.
Teledyne Technologies Incorporated agreed Jason VanWees will retire as Vice Chairman on February 1, 2027, serve as strategic advisor through May 3, 2027, and cooperate through December 31, 2027, in exchange for a $170,000 lump-sum payment.
Teledyne Technologies Incorporated announced Jason VanWees will retire as Vice Chairman effective February 1, 2027, and appointed Mary Grace DeForest Corporate Vice President of Investor Relations and Mergers and Acquisitions effective November 1, 2026.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Maximum dollar value of shares that may yet be purchased under the plans or programs | $1.51B | third quarter of 2026 filing | — |
| Total number of shares purchased | 157,106 | third quarter of 2026 filing | — |
| Total number of shares purchased as part of publicly announced plans or programs | 157,106 | third quarter of 2026 filing | — |
| weighted average price | $603.09 | the third quarter of 2026 filing | — |
| Aerospace and Defense Electronics Non-GAAP Operating Income (Loss) non-GAAP | $240.3M | Nine Months 2026 | — |
| Corporate expense — Non-GAAP Operating Income (Loss) non-GAAP | -72.3M | Nine Months 2026 | — |
| Digital Imaging Non-GAAP Operating Income (Loss) non-GAAP | $636.9M | Nine Months 2026 | — |
| Diluted Earnings per Common Share — Non-GAAP non-GAAP | $18.78 | Nine Months 2026 | — |
| Engineered Systems Non-GAAP Operating Income (Loss) non-GAAP | $39.8M | Nine Months 2026 | — |
| Free cash flow | $319.5M | Third quarter 2026 | — |
| Funded backlog | 5.3B | third quarter of 2026 | — |
| Instrumentation Non-GAAP Operating Income (Loss) non-GAAP | $299.3M | Nine Months 2026 | — |
| Net debt — non-GAAP non-GAAP | $1.47B | September 27, 2026 | — |
| Non-GAAP operating income non-GAAP | $83.1M | third quarter of 2026 | — |
| Operating Margin — Non-GAAP non-GAAP | 23.3% | Nine Months 2026 | — |
| Shares repurchased | 0.2M | third quarter of 2026 | — |
| Stock repurchases | $94.8M | third quarter of 2026 | — |
| Total debt — non-GAAP non-GAAP | $2.03B | September 27, 2026 | — |
| Total — Non-GAAP Operating Income (Loss) non-GAAP | 1.14B | Nine Months 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Scientific & Technical Instruments — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TDY
this stock
Teledyne Technologies Inc
|
$27.24B | +15.9% | -4.6% | 27.1 | 2.5% |
|
GRMN
Garmin Ltd
|
$55.72B | +41.2% | +15.1% | 27.8 | 1.7% |
|
KEYS
Keysight Technologies, Inc.
|
$48.67B | +28.3% | +8.0% | 39.2 | 1.3% |
|
COHR
Coherent Corp.
|
$38.20B | -8.0% | +19.2% | 40.2 | 4.6% |
|
FTV
Fortive Corp
|
$20.34B | +18.5% | +12.1% | 32.5 | 6.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 23, 2026
- This year
- 19
Teledyne's third quarter 2026 net sales increased 9.4%, while net income attributable to Teledyne increased 23.6%, primarily due to higher sales and operating margin. Digital Imaging operating income increased 48.1%, with sales increased 15.0%.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TDY | -12.7% | -2.2% | -4.0% | -10.1% | +15.9% |
| SPY | -4.7% | -5.3% | -0.8% | -3.0% | +7.5% |
| vs SPY | -7.9% | +3.1% | -3.2% | -7.1% | +8.4% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.