Teledyne Technologies Incorporated
Teledyne Technologies Incorporated Q2 FY26 Results — Earnings Call Analysis
Q2 FY26 earnings call: what management said on revenue, margins and capex.
What the Q2 FY26 call signalled
2 of 4 strong
The short version
- Full-year 2026 revenue guidance is $6.415 billion, with about 4.9% total growth (4% organic, 0.9% inorganic). - Full-year 2026 GAAP EPS expected in range of $20.08 to $20.44; non-GAAP EPS in range of $23.85 to $24.15.
From Teledyne Technologies Incorporated's Q2 FY26 earnings-call transcript · updated 29 May 2026.
Revenue & Sales Performance
- Full-year 2026 revenue guidance is $6.415 billion, with about 4.9% total growth (4% organic, 0.9% inorganic).
- Highest growth expected in Digital Imaging (~5%, led by FLIR at ~6.5%) and Aerospace & Defense (>6%).
- Defense bookings and orders are strong, with organic defense segment growth around 9%, aided by increased demand in drone, counter-drone, and underwater vehicle technologies.
- Instrumentation segment expected to grow over 4% for the year, with marine and environmental instruments performing well; test and measurement show full-year low single-digit growth despite a weak Q1.
- Unmanned systems business targeted to grow around 10%, with Black Hornet nano drones contributing significantly.
2 more points from Teledyne Technologies Incorporated's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- CapEx spending is increasing in 2026, projected at about $150 million, higher than last year’s level (~$115 million).
- The company is investing in machining facilities for germanium and in inventory, reflecting a cautious supply chain approach, especially regarding China-related restrictions.
- CapEx in Q1 2026 was $29.7 million, up from $18 million in Q1 2025.
- R&D expenditures increased by $10 million in Q1 2026 to support growth areas.
- Investments focus on expanding capacity where demand currently exceeds supply.
- Increased CapEx (~35% rise year-over-year in Q1) signifies commitment to supporting organic growth.
2 more points from Teledyne Technologies Incorporated's call on capex
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Fundraising & Capital Structure
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Order Book & Pipeline
- Current backlog stands at approximately $4.6 billion, reflecting strong demand and healthy order visibility.
- Book-to-bill ratio is 1.16 overall, driven by digital imaging segment at about 1.38.
- Aerospace & Defense and Engineered Systems segments are slightly below 1 currently but remain lumpy due to big orders followed by quieter periods.
- Defense orders are notably strong across the portfolio, fueled by increased demand for drones, counter-drone technologies, underwater vehicles, and munitions related to conflicts in the Middle East and European defense increases.
2 more points from Teledyne Technologies Incorporated's call on order book
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Continue your research
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Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Teledyne Technologies Incorporated Q2 FY26 results?
- Full-year 2026 revenue guidance is $6.415 billion, with about 4.9% total growth (4% organic, 0.9% inorganic). - Full-year 2026 GAAP EPS expected in range of $20.08 to $20.44; non-GAAP EPS in range of $23.85 to $24.15.
What is Teledyne Technologies Incorporated share price analysis?
Teledyne Technologies Incorporated currently shows a below-average growth signal. The stock trades at a P/E of 31.8 with a market cap of $29,375. Investors should review the full earnings analysis for detailed insights.
Is Teledyne Technologies Incorporated planning capital expenditure?
- CapEx spending is increasing in 2026, projected at about $150 million, higher than last year’s level (~$115 million).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.