Teledyne Technologies (TDY) Q2 FY2026 earnings: revenue $1.7 billion, up 9.8% on the year

Teledyne Technologies Inc. (TDY) reported revenue of $1.7 billion for Q2 FY2026, the quarter ended 28 June 2026, up 9.8% on the same quarter a year earlier. Net income was $252 million, up 19.9% on the year, and diluted earnings per share $5.37. The figures are the company's own, from the 10-Q it filed with the SEC on 24 July 2026.

Revenue

$1.7 billion

+9.8% on the year · +6.6% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

20.0%

18.4% a year earlier

Q3 FY2024Q2 FY2026

Net income

$252 million

+19.9% on the year · +11.0% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$5.37

+21.2% on the year · +10.7% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 2 new.

Highest quarterly orders, sales, profit: Management said orders, sales and operating profit were the highest quarterly levels in the company’s history. Net sales rose 9.8% to $1,662.5 million.
Non-GAAP EPS up 20.8%: Non-GAAP diluted EPS was $6.28, against $5.20. GAAP diluted EPS was $5.37, against $4.43.
Full-year 2026 guidance raised: Full-year 2026 GAAP diluted EPS guidance is $20.73 to $20.99 and non-GAAP is $24.45 to $24.65, both raised from the prior release.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	1,662	1,560	1,514	+6.6%	+9.8%
Cost of revenue	924	886	869	+4.3%	+6.4%
Gross profit	738	674	645	+9.5%	+14.5%
Gross margin	44.4%	43.2%	42.6%
Research and development	90.2	84.6	82.4	+6.6%	+9.5%
Selling, general and administrative	259	237	229	+9.0%	+12.8%
Operating income	333	294	278	+13.3%	+19.8%
Operating margin	20.0%	18.9%	18.4%
Interest expense	13.6	12.3	17.6	+10.6%	-22.7%
Pre-tax income	321	279	261	+15.3%	+23.3%
Income tax	69.6	51.9	50.2	+34.1%	+38.6%
Effective tax rate	21.7%	18.6%	19.3%
Net income	252	227	210	+11.0%	+19.9%
Net margin	15.1%	14.5%	13.9%
Diluted EPS	$5.37	$4.85	$4.43	+10.7%	+21.2%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	315	234	227	+34.7%	+39.1%
Capital expenditure	30.5	29.7	30.3	+2.7%	+0.7%
Free cash flow	285	204	196	+39.4%	+45.0%
Free cash flow margin	17.1%	13.1%	13.0%
Cash from investing	-35.7	-83.1	-30.2
Cash from financing	-455	18.4	-344
Depreciation and amortisation	85.7	87.2	86.5	-1.7%	-0.9%
Share-based compensation	13.9	5.6	11.3	+148.2%	+23.0%
Diluted shares, weighted	47m	47m	47m	+0.2%	-1.1%
Shares outstanding at period end	46m	46m	47m	+0.1%	-1.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	10,918	10,704	10,377	+2.0%	+5.2%
Redeemable equity	0.0	0.0	6.4
Debt	2,027	2,476	2,617	-18.1%	-22.6%
Other liabilities	2,335	2,312	2,134	+1.0%	+9.4%
Total liabilities and equity	15,280	15,493	15,135	-1.4%	+1.0%
Goodwill	8,662	8,688	8,676	-0.3%	-0.2%
Intangible assets	1,984	2,048	2,175	-3.1%	-8.8%
Cash and equivalents	340	521	311	-34.8%	+9.4%
Receivables	938	969	958	-3.3%	-2.1%
Inventory	1,166	1,122	1,047	+4.0%	+11.4%
Other assets	2,190	2,146	1,969	+2.1%	+11.2%
Total assets	15,280	15,493	15,135	-1.4%	+1.0%

Questions

What was Teledyne Technologies' revenue in Q2 FY2026?

Teledyne Technologies (TDY) reported revenue of $1.7 billion for Q2 FY2026, the quarter ended 28 June 2026, up 9.8% on the same quarter a year earlier.

How much did Teledyne Technologies earn in Q2 FY2026?

Net income for Q2 FY2026 was $252 million, up 19.9% on the year, and diluted earnings per share $5.37.

When did Teledyne Technologies report Q2 FY2026 results?

Teledyne Technologies filed its 10-Q for the quarter ended 28 June 2026 with the SEC on 24 July 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 * †	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 * †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,376	1,321	1,356	1,364	1,418	1,383	1,425	1,402	1,425	1,350	1,374	1,444	1,502	1,450	1,514	1,540	1,612	1,560	1,662	1,685
Cost of revenue	830	753	789	786	801	791	806	797	802	770	782	824	860	830	869	880	921	886	924	946
Gross profit	546	568	567	578	617	593	618	605	623	580	593	620	643	620	645	660	691	674	738	739
Gross margin	40%	43%	42%	42%	43%	43%	43%	43%	44%	43%	43%	43%	43%	43%	43%	43%	43%	43%	44%	44%
R&D	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	76.5	71.7	73.0	71.4	74.3	82.4	83.4	77.2	84.6	90.2	78.6
SG&A	300	291	286	284	295	300	313	292	303	220	225	226	232	234	229	238	230	237	259	258
Operating income	195	224	230	245	274	242	256	264	272	234	247	271	237	259	278	283	330	294	333	347
Operating margin	14%	17%	17%	18%	19%	18%	18%	19%	19%	17%	18%	19%	16%	18%	18%	18%	20%	19%	20%	21%
Interest expense	23.5	22.3	22.5	22.0	22.5	21.0	22.3	18.4	15.6	12.7	15.8	15.7	13.7	17.3	17.6	12.6	12.1	12.3	13.6	10.5
Pre-tax income	172	203	222	231	252	224	235	246	254	226	232	255	226	239	261	274	321	279	321	347
Tax rate	6%	-5%	23%	23%	10%	20%	21%	19%	-27%	21%	22%	-3%	12%	21%	19%	19%	14%	19%	22%	21%
Net income	162	213	171	178	226	179	185	199	323	178	180	262	198	189	210	221	276	227	252	273
Net margin	12%	16%	13%	13%	16%	13%	13%	14%	23%	13%	13%	18%	13%	13%	14%	14%	17%	15%	15%	16%
Diluted EPS	$3.53	$4.46	$3.59	$3.74	$4.74	$3.73	$3.87	$4.15	$6.75	$3.72	$3.77	$5.54	$4.20	$3.99	$4.43	$4.65	$5.84	$4.85	$5.37	$5.82
Operating cash flow	296	-217	197	269	238	203	190	278	164	291	319	250	332	243	227	343	379	234	315	352
Capital expenditure	34.0	21.0	20.8	16.7	34.1	24.4	27.3	23.0	40.2	15.9	17.7	21.1	29.0	18.0	30.3	29.2	39.8	29.7	30.5	33.0
Free cash flow	262	-238	176	252	204	179	163	255	124	275	301	229	303	225	196	314	339	204	285	320
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	n/a	n/a	194	139	n/a	n/a	n/a	0.0	n/a	n/a	n/a	94.8
Shares outstanding	47m	47m	47m	47m	47m	47m	47m	47m	47m	47m	47m	47m	47m	47m	47m	47m	46m	46m	46m	46m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 28 June 2026, filed 24 July 2026: the filing.