NYSEInformation TechnologyScientific & Technical InstrumentsSnapshot 2026-07-08
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Track TDY free→Teledyne grows earnings steadily with raised 2026 EPS guidance near $24. Digital Imaging sales rose 7.9% in Q1 to $816.9 million. Debt reduction efforts lowered net debt by $168 million in Q1. Profit margins and cash flow remain solid in a stable market.
Growth could slow below analyst expectations of 5.7% revenue growth. Margin pressure or weaker demand in key segments may hurt earnings. Rising debt or failure to reduce leverage could strain finances.
The price is about 8% above our fair value near $604 and 11% below the Street median target of $682. Analysts expect roughly 6% revenue growth, which aligns with management's raised EPS guidance. Our view is slightly more conservative than the Street.
Breaks if: Digital Imaging revenue growth falls below 3% YoY
Emphasizing growth in the Digital Imaging segment, particularly in infrared detectors and systems.
Stated in 2 of last 2 quarters. Digital Imaging segment’s net sales increased from $757.0 million in 2025-Q1 to $816.9 million in 2026-Q1, reflecting a 7.9% growth. Management's focus on this segment is delivering results.
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“Organic growth was strongest in our Digital Imaging segment.”
“Focus on Digital Imaging segment growth.”
Breaks if: EPS falls below $23.0 in FY26
Management aims to increase the non-GAAP EPS guidance for the full year 2026.
Stated in 2 of last 2 quarters. The non-GAAP EPS guidance for 2026 was raised to $23.85 to $24.15. This reflects a positive trajectory as management continues to increase expectations for the year.
“Raising full year 2026 non-GAAP earnings per share outlook to $23.85 to $24.15.”
“Raising our guidance for full year 2026 non-GAAP earnings per share outlook to $23.85 to $24.15.”
Breaks if: Net debt rises above $2.2 billion
Continue efforts to reduce net debt and leverage, including debt maturity payments.
Stated in 2 of last 2 quarters. Net debt decreased from $2,123.0 million in 2025-Q4 to $1,954.9 million in 2026-Q1, aided by a $450 million debt maturity payment. Management is making progress in reducing leverage.
“Further reduction in gross debt with a $450 million debt maturity payment.”
“Reduce net debt and leverage.”
