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Teledyne Technologies

TDY Q4 2025 Earnings

Reported Jan 21, 2026 at 6:58 AM ET · SEC Source

Q4 25 EPS

$6.30

BEAT +26.00%

Est. $5.00

Q4 25 Revenue

$1.61B

BEAT +2.70%

Est. $1.57B

vs S&P Since Q4 25

-2.3%

TRAILING MARKET

TDY +2.8% vs S&P +5.1%

Full Year 2025 Results

FY 25 EPS

$21.99

BEAT +2.11%

Est. $21.54

FY 25 Revenue

$6.12B

BEAT +0.70%

Est. $6.07B

Market Reaction

Did TDY Beat Earnings? Q4 2025 Results

Teledyne Technologies capped what management called an all-time record year with a blowout fourth quarter, posting non-GAAP diluted EPS of $6.30 against a $5.00 consensus estimate for a 26.00% beat, while revenue of $1.61 billion edged past the $1.57… Read more Teledyne Technologies capped what management called an all-time record year with a blowout fourth quarter, posting non-GAAP diluted EPS of $6.30 against a $5.00 consensus estimate for a 26.00% beat, while revenue of $1.61 billion edged past the $1.57 billion forecast and rose 7.3% year-over-year. The standout driver was a 40.4% revenue surge in the Aerospace and Defense Electronics segment, fueled by $68.50 million in incremental defense electronics sales from the Micropac and TransponderTech acquisitions, with non-GAAP operating margin expanding to 23.9% from 22.7% a year earlier. Free cash flow exceeded $1.00 billion for the second consecutive year, and the company's shares touched an all-time high of $631.02 in the aftermath of the report, reflecting broad investor confidence in the results. Looking ahead, management guided full-year 2026 non-GAAP EPS to a range of $23.45 to $23.85, with first-quarter non-GAAP EPS expected between $5.40 and $5.50, though executives flagged tariff policy uncertainty and potential government spending cuts as key risks to the outlook.

Key Takeaways

  • • Higher sales of infrared imaging components and subsystems for defense applications
  • • Strong demand for surveillance and unmanned air systems
  • • Record sales of autonomous underwater vehicles in Marine Instrumentation
  • • Incremental sales of $73.0 million from recent acquisitions in Q4
  • • Recovery in shorter cycle commercial businesses
  • • Higher defense electronics sales including $68.5 million incremental from acquisitions
  • • Stronger sales of gas detection products in environmental instrumentation
  • • Stronger offshore energy and defense markets in marine instrumentation
24/7 Wall St

TDY YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

TDY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We concluded 2025 with the best quarterly orders, sales, and non-GAAP earnings and operating margin in the company's history. Throughout Teledyne, our defense businesses remained healthy, and our shorter cycle commercial businesses continued to recover with most product families increasing either sequentially or year-over-year. In Digital Imaging, Teledyne FLIR performed very well with particular strength in unmanned and other defense surveillance systems, while within Marine Instrumentation we achieved record sales of autonomous underwater vehicles. In the fourth quarter, we were awarded our first production-rate contract in the loitering munition market, and we were selected to supply space-based infrared detectors to the majority of prime contractors on the newly awarded U.S. Space Development Agency Tranche 3 Tracking Layer program. In terms of capital deployment, 2025 was our second largest year in history. However, having generated over $1.0 billion in free cash flow for two consecutive years, we maintained a strong balance sheet with ample financial flexibility.”

— Robert Mehrabian, Q4 2025 Earnings Press Release

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