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TDY FY2026 Q1 RAISED

Teledyne Technologies Incorporated 실적 발표

Apr 22, 2026 · 07:00 ET George BobJason Van WeeseRobert Moravian
Buzzberg 분석

Raised 2026 sales and EPS guidance due to strong Q1 and record backlog.

Teledyne delivered a record Q1 with sales, EPS, and margins all up year-over-year. Strong defense and digital imaging growth, a book-to-bill of 1.16, and improving industrial/healthcare end markets led management to raise full-year revenue and EPS guidance. The call emphasized capacity investments in defense and semiconductor supply-chain dynamics, but provided no specific cross-company signals. Q1 sales up 7.6%, non-GAAP EPS up 17.2%, operating margin +58bps despite higher R&D.

Buzzberg 분석 Raised 2026 sales and EPS guidance due to strong Q1 and record backlog. Teledyne delivered a record Q1 with sales, EPS, and margins all up year-over-year. Strong defense and digital imaging growth, a book-to-bill of 1.16, and improving industrial/healthcare end markets led management to raise full-year revenue and EPS guidance. The call emphasized capacity investments in defense and semiconductor supply-chain dynamics, but provided no specific cross-company signals. Q1 sales up 7.6%, non-GAAP EPS up 17.2%, operating margin +58bps despite higher R&D. 전체 분석 보기분석 접기

Teledyne delivered a record Q1 with sales, EPS, and margins all up year-over-year. Strong defense and digital imaging growth, a book-to-bill of 1.16, and improving industrial/healthcare end markets led management to raise full-year revenue and EPS guidance. The call emphasized capacity investments in defense and semiconductor supply-chain dynamics, but provided no specific cross-company signals. Q1 sales up 7.6%, non-GAAP EPS up 17.2%, operating margin +58bps despite higher R&D.

  • Backlog book-to-bill of 1.16 for the 10th consecutive quarter, led by digital imaging (1.38).
  • Full-year revenue guidance raised to ~$6.415B (up 70bps from January); non-GAAP EPS guided to $23.85-$24.15.
  • Defense exposure now ~30-35% of revenue, with FLIR defense growing ~9% and strong demand for drones/counter-drones, UUVs, and space sensors.
Revenue $1.5601B -3% QoQ
EPS $5.80 -8% QoQ
Gross margin 39.5% reported
Op margin 18.86% reported

이번 분기에 달라진 점

01
Guidance

Raised 2026 sales and EPS guidance due to strong Q1 and record backlog.

Guidance · revenue to $6.415B

02
Demand

Defense orders for counter-drone infrared cameras total tens of millions.

Management raised full-year guidance, highlighted record orders and backlog, and emphasized strong defense and industrial inflection, while remaining measured about near-term conservatism.

03
Demand

Unmanned aerial systems revenue includes $500 million from Black Hornet drones.

Defense orders for counter-drone infrared cameras total tens of millions.. Management raised full-year guidance, highlighted record orders and backlog, and emphasized strong defense and industrial inflection, while remaining measured about near-term conservatism.

04
Demand

MEMS sales grew over 20% driven by optical switching micromirrors.

Defense orders for counter-drone infrared cameras total tens of millions.. Management raised full-year guidance, highlighted record orders and backlog, and emphasized strong defense and industrial inflection, while remaining measured about near-term conservatism.

AI, 자본지출 및 수요 분석

AI

플랫폼 및 수익화

AI is discussed only in the context of data centers adopting devices utilizing the newest, fastest data transfer protocols, which is expected to drive growth in test and measurement instruments. No other AI-specific demand or product details mentioned.

수요

수주 및 전환

Defense orders for counter-drone infrared cameras total tens of millions.. Management raised full-year guidance, highlighted record orders and backlog, and emphasized strong defense and industrial inflection, while remaining measured about near-term conservatism.

자본지출

투자 및 생산능력

Management is increasing capital expenditures significantly, with CapEx of $150 million projected for the year, up from $29.7 million in Q1. The investments are aimed at expanding capacity in defense-related areas and reducing supply chain risk, particularly around germanium machining and inventory for Chinese-sourced components.

톤 · Confident

Management raised full-year guidance, highlighted record orders and backlog, and emphasized strong defense and industrial inflection, while remaining measured about near-term conservatism.

향후 가이던스

RaisedGuidance · revenue to $6.415B
지표기간범위중간값상태
EPSFY2026$23.85–$24.15$24.00RAISED
EPSFY2026 Q2$5.70–$5.80$5.75GUIDED
RevenueFY2026$6.415B$6.415BRAISED

가이던스 신뢰도

2 / 2달성 또는 상회
제시 시점지표목표 기간가이던스실제결과
FY2025 Q4EPSFY2026 Q1$5.40–$5.50$5.80Met / beat
FY2025 Q3EPSFY2025 Q4$4.76–$4.98$6.30Met / beat