Teledyne Lifts 2026 EPS Forecast to $23.85–$24.15, Q1 EPS $5.80 Beats
Teledyne Technologies raised its full-year 2026 adjusted EPS outlook to $23.85–$24.15, 18 cents above analysts’ midpoint, up from $23.45–$23.85. First-quarter adjusted EPS of $5.80 and revenue of $1.56 billion beat estimates, driven by 7.6% year-on-year growth in digital imaging, aerospace and defense segments.
1. First-Quarter Financial Results
Teledyne reported first-quarter revenue of $1.56 billion, up 7.6% year-on-year, with non-GAAP EPS of $5.80, surpassing estimates of $5.48. Net income rose to $226.8 million, or $4.85 per share, while adjusted results excluded amortization and M&A costs.
2. Raised Full-Year Guidance
The company raised its full-year 2026 adjusted EPS forecast to a range of $23.85–$24.15, from $23.45–$23.85, reflecting confidence in ongoing demand. The midpoint of $24.00 tops the previous guidance by 18 cents and exceeds analysts’ estimates.
3. Segment Growth Drivers and Acquisitions
Strong organic growth in Digital Imaging—especially infrared detectors and unmanned aerial systems—alongside returns to year-on-year growth in industrial imaging and X-ray, underscore segment momentum. Recent acquisitions have further bolstered Teledyne’s top-line performance.