Overview

• U.S. industrial technology firm's Q2 revenue rose 9.8%, beating analyst expectations

• Adjusted EPS for Q2 increased 20.8%, beating analyst expectations

• Company raised full-year 2026 earnings outlook

Outlook

• Teledyne raises full-year 2026 GAAP EPS outlook to $20.73-$20.99 from $20.08-$20.44

• Company raises full-year 2026 non-GAAP EPS outlook to $24.45-$24.65 from $23.85-$24.15

Result Drivers

• DIGITAL IMAGING GROWTH - Co said organic growth was strongest in Digital Imaging, with higher sales of infrared detectors and systems for space, airborne, and marine unmanned systems, as well as counter unmanned applications

• FAVORABLE PRODUCT MIX AND TARIFF REFUNDS - Higher operating income reflected increased net sales, favorable product mix, and tariff refunds, partly offset by higher R&D expense and inventory reserves

Company press release: ID:nBw5m39j0a

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Sales	Beat	$1.66 bln	$1.58 bln (10 Analysts)
Q2 Adjusted EPS	Beat	$6.28	$5.80 (10 Analysts)
Q2 EPS		$5.37

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electronic equipment & parts peer group is "buy"

• Wall Street's median 12-month price target for Teledyne Technologies Inc is $750.00, about 15.8% above its July 21 closing price of $647.48

• The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads

• July 21 - Northrop Grumman raises 2026 forecasts on strong weapons demand

• July 21 - 3M boosts annual profit forecast driven by resilient industrial unit

• July 21 - Danaher Q2 revenue, adjusted EPS beats on life sciences segment strength; raises outlook

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