Q3 25 EPS
$5.57
BEAT +1.80%
Est. $5.47
Q3 25 Revenue
$1.54B
BEAT +0.81%
Est. $1.53B
vs S&P Since Q3 25
+9.5%
BEATING MARKET
TDY +17.4% vs S&P +7.9%
Market Reaction
Did TDY Beat Earnings? Q3 2025 Results
Teledyne Technologies posted a record-setting third quarter, with non-GAAP diluted EPS of $5.57 clearing the $5.47 consensus estimate by 1.80% and revenue of $1.54 billion edging past expectations by 0.81% while growing 6.7% year-over-year. The stand… Read more Teledyne Technologies posted a record-setting third quarter, with non-GAAP diluted EPS of $5.57 clearing the $5.47 consensus estimate by 1.80% and revenue of $1.54 billion edging past expectations by 0.81% while growing 6.7% year-over-year. The standout driver was the Aerospace and Defense Electronics segment, where sales surged 37.6% to $275.50 million, propelled by $69.00 million in incremental defense electronics contributions from recent acquisitions. Free cash flow also hit a quarterly record of $313.90 million, up sharply from $228.70 million a year ago. The strong results prompted management to raise full-year 2025 non-GAAP EPS guidance to a range of $21.45 to $21.60, while Q4 non-GAAP EPS is guided at $5.73 to $5.88, though executives flagged the ongoing U.S. Government shutdown as a potential headwind to near-term new awards and shipments. With defense demand accelerating and backlog at FLIR continuing to grow, Teledyne enters the final quarter on solid footing, even as peers across the sector face their own quarterly tests.
Key Takeaways
- • Record quarterly new orders with continued backlog growth at Teledyne FLIR
- • $69.0 million in incremental sales from recent acquisitions
- • Higher sales of commercial infrared imaging components and subsystems
- • Stronger gas detection product sales in environmental instrumentation
- • Stronger offshore energy and defense markets for marine instrumentation
- • Higher defense electronics sales up $75.6 million year-over-year
- • Favorable timing of accounts receivable collections driving record operating cash flow
- • Higher sales of unmanned air systems and industrial automation imaging systems
TDY YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
TDY Revenue by Segment
With YoY comparisons, source: SEC Filings
“This morning, we were pleased to announce record quarterly sales, non-GAAP earnings per share and free cash flow. Furthermore, total company new orders were also a quarterly record due in part to continued backlog growth at Teledyne FLIR. Given our strong third quarter performance, recovering commercial short-cycle businesses, and robust backlog growth, we are raising our full year earnings outlook. Our defense-related businesses, including our new acquisitions, are performing extremely well, and we continue to pursue a number of significant contract opportunities not yet formally awarded or reflected in our backlog. Nevertheless, given the current U.S. Government shutdown, we are a bit measured on expectations for new awards and shipments in the very near-term. Finally, our balance sheet is the strongest in years, providing the capacity to pursue acquisitions or stock repurchases, as we feel appropriate.”
— Robert Mehrabian, Q3 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% |