Teledyne jumps after record Q1 results, raises 2026 EPS outlook
Teledyne Technologies shares are rising after the company reported record Q1 2026 results and raised its full-year 2026 EPS outlook. Teledyne posted Q1 revenue of $1.56 billion and non-GAAP EPS of $5.80, above the $5.47 consensus estimate.
1. What’s moving TDY today
Teledyne Technologies is trading higher Wednesday, April 22, 2026, after releasing first-quarter results that topped expectations and lifting its full-year outlook. The company reported record first-quarter sales and profitability, helping drive a broad re-rating of near-term earnings power.
2. The numbers investors are reacting to
Teledyne reported Q1 2026 net sales of $1.5601 billion (up 7.6% year over year), GAAP diluted EPS of $4.85, and non-GAAP diluted EPS of $5.80 (up 17.2% year over year). The $5.80 adjusted EPS beat the $5.47 consensus estimate, and revenue also exceeded expectations (about $1.52 billion consensus). (sec.gov)
3. Guidance raised for 2026 and Q2 outlook
Management raised full-year 2026 guidance to GAAP diluted EPS of $20.08–$20.44 (from $19.76–$20.22) and non-GAAP diluted EPS of $23.85–$24.15 (from $23.45–$23.85). For Q2 2026, Teledyne guided to GAAP diluted EPS of $4.75–$4.90 and non-GAAP diluted EPS of $5.70–$5.80. (sec.gov)
4. Segment drivers and balance-sheet signals
Strength was led by Digital Imaging (Q1 sales $816.9 million, up 7.9%) and Aerospace & Defense Electronics (Q1 sales $277.5 million, up 14.4%), alongside companywide margin expansion. Teledyne also highlighted $234.0 million of operating cash flow and $204.3 million of free cash flow in the quarter, with net leverage declining to 1.3x and a $450 million debt maturity paid after quarter-end—supporting the bullish reaction. (sec.gov)