TELEDYNE TECHNOLOGIES INC (TDY) Form 10-Q — Oct 23, 2026
Teledyne delivered a strong Q3 2026, with net sales up 9.4% to $1,684.9 million and diluted EPS up 25% to $5.82 from $4.65 a year ago. Operating income rose 22.8% to $347.2 million, led by Digital Imaging, where sales grew 15.0% on higher infrared imaging and defense demand. The filing also detailed the pending ~$1.1 billion all-cash acquisition of Varex Imaging, expected to close in early 2027, funded from cash on hand and the credit facility. Teledyne already holds ~1.3 million Varex shares and booked a $10.6 million Q3 gain marking them to market.
Key figures
- Eps
- 5.82
- Net Income
- 272.8
- Revenue Yoy
- 9.4%
- Total Assets
- 15565
- Cash Position
- 562.4
- Shares Outstanding
- 46036417
- Q3 buybacks
- $94.8 million at weighted average $603.09/share
- Varex deal value
- approximately $1.1 billion
- Buyback remaining
- 1.5 billion
- Operating income q3
- 347.2
- Effective tax rate q3
- 21.3%
- Nine month eps diluted
- 16.02
- Operating cash flow 9m
- 901.7
- Operating income yoy q3
- 22.8%
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