Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Teledyne Technologies (TDY) delivered strong Q1 FY2026 results with revenue of $1.56B (+7.6% YoY), net income of $226.8M (+20.3% YoY), and diluted EPS of $4.85 (+21.6% YoY), driven by expanding operating margins and significant long-term debt reduction.
Revenue
$1.56B
+7.60% YoY
EPS (Diluted)
$4.85
+21.55% YoY
Operating Income
$294.2M
+13.46% YoY
Source: SEC XBRL
Teledyne Technologies (TDY) reported Q1 FY2026 revenue of $1.56B, up 7.6% year over year. Operating margin was 18.9%, up 1.0 points from 17.9% a year earlier. Operating cash flow was $234M, down 3.5% year over year. TDY's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 6.28 | 5.85 | Beat +7.3% |
| Mar 2026This filing | 5.80 | 5.53 | Beat +4.8% |
| Dec 2025 | 6.30 | 5.81 | Beat +8.5% |
| Jun 2000 | 0.36 | 0.30 | Beat +18.8% |
Adjusted (non-GAAP) EPS of $5.80 versus the $5.53 analyst consensus — a +4.8% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $4.85.
Compiled by AI from this SEC filing
TDY generated $1.56B in revenue in Q1 FY2026, up 7.6% from $1.45B in Q1 FY2025, reflecting broad-based demand across its defense and industrial technology segments. Cost of revenue grew at a slower pace of 6.7%, indicating improving operational efficiency.
Source: 10-Q Income Statement
Operating margin improved to 18.9% from 17.9% in the prior-year period, while net margin reached 14.5%. Net income surged 20.3% to $226.8M, outpacing revenue growth and signaling strong operating leverage. R&D spending rose 13.9% to $84.6M, reflecting continued investment in product development.
Source: 10-Q Income Statement & Key Ratios
Long-term debt declined 16.5% YoY to $2.48B from $2.96B, materially strengthening the balance sheet. Total liabilities fell 6.4% to $4.79B, while stockholders' equity grew 7.9% to $10.70B, reflecting disciplined capital allocation and debt repayment.
Source: 10-Q Balance Sheet
Cash and equivalents increased 13.0% YoY to $521.4M, and the current ratio stands at 1.76, indicating adequate short-term liquidity. Operating cash flow was $234.0M, slightly below the prior year's $242.6M (-3.5%), but remained robust relative to net income.
Source: 10-Q Balance Sheet & Cash Flow Statement
Investing cash outflows narrowed dramatically to -$83.1M from -$775.0M in Q1 FY2025, suggesting the prior year included a significant acquisition or capital deployment that did not recur in Q1 FY2026. This normalization contributed to a stronger overall cash position.
Source: 10-Q Cash Flow Statement
Compiled by AI from this SEC filing · 1 high, 3 medium, 1 low
Current liabilities surged 38.7% YoY to $1.89B, significantly outpacing the 11.4% growth in current assets. While the current ratio of 1.76 remains above 1.0, the rapid increase in near-term obligations warrants monitoring, particularly if operating cash flows were to soften.
Source: 10-Q Balance Sheet
Operating cash flow dipped 3.5% YoY to $234.0M despite a 20.3% increase in net income, suggesting working capital consumption or timing differences in cash collections. If this divergence between earnings and cash generation persists, it could pressure free cash flow and capital allocation flexibility.
Source: 10-Q Cash Flow Statement
R&D expenses grew 13.9% YoY to $84.6M, faster than revenue growth of 7.6%, reflecting TDY's need to invest heavily in next-generation defense and sensing technologies to remain competitive. Sustained R&D acceleration without commensurate revenue growth could compress future margins.
Source: 10-Q Income Statement
Despite meaningful deleveraging, TDY still carries $2.48B in long-term debt. Changes in interest rates or credit market conditions at the time of refinancing could increase interest expense and reduce net income. The company's debt-to-equity ratio of 0.45 remains manageable but not negligible.
Source: 10-Q Balance Sheet & Key Ratios
As a defense and industrial technology company, TDY is exposed to U.S. government budget cycles, continuing resolutions, and potential sequestration or program cancellations. Any reduction in defense spending or delays in contract awards could materially impact revenue and backlog.
Source: 10-Q Business Context
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.56 $B | 1.45 $B | +7.60% |
Cost of Revenue $M | 886.30 $M | 830.40 $M | +6.73% |
Operating Income $M | 294.20 $M | 259.30 $M | +13.46% |
Net Income $M | 226.80 $M | 188.60 $M | +20.25% |
EPS (Basic) $ | 4.90 $ | 4.03 $ | +21.59% |
EPS (Diluted) $ | 4.85 $ | 3.99 $ | +21.55% |
R&D Expense $M | 84.60 $M | 74.30 $M | +13.86% |
SG&A Expense $M | 237.40 $M | 233.90 $M | +1.50% |
Answers draw on this SEC filing and the data on this page
Teledyne delivered strong Q2 FY2026 profitability growth, with revenue up 9.8% to $1.7B and net income up 19.9% to $251.7M, aided by higher sales, favorable product mix, tariff refunds, and lower interest expense. Source: 10-Q Item 2 MD&A, pp.24-25.
Teledyne Technologies (TDY) delivered solid FY2025 results with revenue growing 7.9% to $6.12B and operating income surging 16.2% to $1.15B, reflecting improved operating leverage and disciplined cost management.
Other companies in Electronic Equipment & Instruments