Teledyne Technologies Revenue Rises 7.6% to $1.56B in Q1 FY2026
Teledyne Technologies (NYSE: TDY), a provider of imaging, instrumentation, and aerospace electronics, reported revenue of $1.56 billion for the quarter ending March 29, 2026, up from $1.45 billion in the prior-year period.
Teledyne Technologies Incorporated (NYSE: TDY), a provider of imaging systems, instrumentation, aerospace electronics, and engineered systems, reported revenue of $1.56 billion for the quarter ending March 29, 2026, up 7.6% from $1.45 billion in the same period a year earlier. Read more earnings reports.
Net income for the quarter reached $226.8 million, compared to $188.6 million in the first quarter of fiscal 2025, representing a 20.3% increase. Diluted earnings per share rose to $4.85 from $3.99 year-over-year.
Operating income climbed to $294.2 million from $259.3 million in the prior-year quarter. The company's operating margin improved as revenue growth outpaced the rise in operating expenses.
Cost of goods sold increased to $886.3 million from $830.4 million, while research and development expenses rose to $84.6 million from $74.3 million. Selling, general, and administrative expenses edged up to $237.4 million from $233.9 million.
Segment Performance
The Digital Imaging segment generated $816.9 million in revenue, up from $757.0 million a year earlier. The Instrumentation segment contributed $361.4 million, compared to $343.3 million in the prior-year period. Aerospace and Defense Electronics revenue increased to $277.5 million from $242.5 million, while the Engineered Systems segment posted $104.3 million versus $107.1 million.
Cash Flow and Balance Sheet
Cash from operations totaled $234.0 million for the quarter, compared to $242.6 million in the first quarter of fiscal 2025. The company used $83.1 million in investing activities, down sharply from $775.0 million deployed a year earlier.
Cash and cash equivalents stood at $521.4 million as of March 29, 2026, up from $352.4 million at the end of fiscal 2025. Total assets increased to $15.49 billion from $15.29 billion at year-end.
Long-term debt remained relatively flat at $2.03 billion compared to $2.03 billion at December 28, 2025. Total stockholders' equity rose to $10.70 billion from $10.51 billion.
Financial Summary
| Metric | Q1 FY2026 | Q1 FY2025 |
|---|---|---|
| Revenue | $1,560.1 million | $1,449.9 million |
| Operating Income | $294.2 million | $259.3 million |
| Net Income | $226.8 million | $188.6 million |
| Diluted EPS | $4.85 | $3.99 |
| Cash from Operations | $234.0 million | $242.6 million |
The company reported 46.3 million weighted average shares outstanding on a basic basis for the quarter, down from 46.8 million in the prior-year period. Diluted shares outstanding totaled 46.8 million compared to 47.3 million a year earlier.