Teledyne Q3 FY2026: record $1.68 billion sales, EPS beat, guidance raised
Teledyne posted a record quarter and then raised the bar: revenue rose 9.4% to $1.68 billion, non-GAAP EPS of $6.72 beat the $6.232 consensus, and full-year guidance moved up. The quality is good — growth was almost entirely organic and gross margin improved to 43.9%. Read the scorecard for growth quality, then the balance-sheet notes for what the Varex deal will consume.
1 · Expected vs. Actual
Free preview belowNon-GAAP EPS of $6.72 rose 20.6% from $5.57 and beat the $6.232 consensus by 7.8%. GAAP EPS of $5.82 was up 25.2%, with $55.2 million of acquired-intangible amortization (about $0.90 per share) sitting between the two numbers. Non-GAAP operating margin expanded to 23.9% from 22.1%, so the beat came with better margins, not just higher sales.
Revenue of $1.68 billion rose 9.4% from $1.54 billion a year ago, and only $11.7 million of that came from acquisitions, so the growth was essentially organic. Digital Imaging did the heavy lifting at $903.0 million, up 15.0%, while Instrumentation grew just 1.9%. Year-over-year growth has run 7.6%, 9.8% and 9.4% across the last three quarters, so the pace is holding rather than accelerating.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-10-23
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