Snapshot
Teledyne Technologies Inc reported $1.56B of revenue in Q1 2026, up 7.6% year over year, with diluted EPS of $4.85 and an operating margin of 18.9%.
- Revenue
- $1.56B
- YoY growth
- +7.6%
- Diluted EPS
- $4.85
- Operating margin
- 18.9%
$1.56B
Revenue
+7.6%
YoY growth
$4.85
Diluted EPS
18.9%
Operating margin
01 Key takeaways
What management said
- •I'd like to welcome everyone to Teledyne's first quarter 2026 earnings release conference call.
- •Of course, before we get started, all forward-looking statements made this morning are subject to various assumptions, risks, and caveats, as noted in the earnings release and our periodic SEC filings.
- •We started 2026 with record first quarter sales, earnings per share, and operating margin.
- •In addition, despite a 30 basis point increase in R&D expense, non-GAAP operating margin increased 58 basis points year over year.
- •While we acquired DD-Scientific in January and increased our capital expenditures significantly from last year, our leverage ratio declined to the lowest level in five years, since before the acquisition of FLIR in 2001.
- •Excluding the impact of acquisitions, sales increased 5.3%, due in part to the performance of our Digital Imaging segment, while organic growth was 6.9%.
- •Also, within the digital imaging segment, our industrial imaging and X-ray businesses each returned to year-over-year growth, which helped contribute to the strong margin performance in the first quarter.
- •We believe now sales will be in the range of $6.415 billion or 70 basis points higher than we communicated in January.
- •We're also raising our earnings outlook at both the bottom and top of our prior range to about $24 at midpoint or $0.35 overall an increase.
- •In the Digital Imaging segment, first quarter sales increased 7.9% due to well-balanced growth throughout the segment, including Teledyne Imaging Sensors, Teledyne e2v, and Teledyne FLIR.
- •In the first quarter and early Q2, we received orders for infrared cameras and subsystems totaling $ tens of millions for counter-drone applications.
- •Sales of microelectromechanical systems, or MEMS, grew over 20%, primarily due to demand for micromirrors used for optical switching in high-speed networking applications.
SourcesCompany financials · earnings call
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