Q1 25 EPS
$4.95
BEAT +0.56%
Est. $4.92
Q1 25 Revenue
$1.45B
BEAT +0.73%
Est. $1.44B
vs S&P Since Q1 25
+7.0%
BEATING MARKET
TDY +41.6% vs S&P +34.6%
Market Reaction
Did TDY Beat Earnings? Q1 2025 Results
Teledyne Technologies opened 2025 with a record-setting quarter, reporting first-quarter non-GAAP diluted EPS of $4.95, a 0.56% beat against the $4.92 consensus, while revenue of $1.45 billion edged past estimates by 0.73% and grew 7.4% year over yea… Read more Teledyne Technologies opened 2025 with a record-setting quarter, reporting first-quarter non-GAAP diluted EPS of $4.95, a 0.56% beat against the $4.92 consensus, while revenue of $1.45 billion edged past estimates by 0.73% and grew 7.4% year over year. The standout driver was broad-based strength across all four business segments, amplified by $55.60 million in incremental acquisition-related sales following the January completion of the Qioptiq deal, which management described as already off to a great start and has since secured new military contracts in Europe. Non-GAAP operating margin expanded to a record 22.0% from 21.2% a year ago, underscoring the company's pricing discipline even as interest expense climbed to $17.30 million on higher acquisition-related borrowings. Quarter-end backlog reached an all-time high, with orders exceeding sales for the sixth consecutive quarter. Despite the strong showing, management held its full-year 2025 non-GAAP EPS guidance steady at $21.10 to $21.50, citing a very unpredictable environment, while guiding second-quarter non-GAAP EPS to $4.95 to $5.05.
Key Takeaways
- • Organic growth across all four segments
- • Record quarter-end backlog with orders exceeding sales for sixth consecutive quarter
- • Higher commercial infrared imaging component and surveillance system sales in Digital Imaging
- • Stronger offshore energy and defense markets driving marine instrumentation growth
- • Defense electronics sales increase of $57.1 million in Aerospace and Defense Electronics
- • Incremental acquisition contribution of $55.6 million from Micropac and Qioptiq
- • Favorable marine instrumentation product mix and improved margins
- • Non-recurrence of unfavorable estimate changes in Engineered Systems
TDY YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
TDY Revenue by Segment
With YoY comparisons, source: SEC Filings
“We achieved record first quarter sales, non-GAAP operating margin, and adjusted earnings per share. First quarter sales reflected organic growth in every segment, coupled with the contribution from recent acquisitions. In addition, quarter-end backlog was an all-time record, as orders exceeded sales for the sixth consecutive quarter.”
— Robert Mehrabian, Q1 2025 Earnings Press Release
TDY Earnings Trends
TDY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TDY EPS Trend
Earnings per share: estimate vs actual
TDY Revenue Trend
Quarterly revenue: estimate vs actual
TDY Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $5.80 | — | $1.56B | +2.96% |
| Q4 25 BEAT FY | $5.00 | $6.30 | +26.00% | $1.61B | +2.70% |
| FY Full Year | $21.54 | $21.99 | +2.11% | $6.12B | +0.70% |
| Q3 25 BEAT | $5.47 | $5.57 | +1.80% | $1.54B | +0.81% |
| Q2 25 BEAT | $5.05 | $5.20 | +2.98% | $1.51B | +2.57% |
| Q1 25 BEAT | $4.92 | $4.95 | +0.56% | $1.45B | +0.73% |