Teledyne raises 2026 EPS outlook as second-quarter sales hit record $1.66 billion
Teledyne reported second-quarter 2026 net sales of $1,662.5 million, up 9.8%, and GAAP diluted earnings per share of $5.37 compared with $4.43 a year earlier. The company raised its full-year 2026 GAAP EPS outlook to $20.73 to $20.99 from $20.08 to $20.44, and its non-GAAP EPS outlook to $24.45 to $24.65 from $23.85 to $24.15.
Key points
- Second-quarter non-GAAP diluted EPS was $6.28, up 20.8% from last year.
- Second-quarter cash from operations was $315.2 million and free cash flow was $284.7 million.
- The company repaid $450 million of gross debt at the start of the quarter; the quarter-end consolidated leverage ratio was 1.1x.
- Third-quarter 2026 GAAP EPS is expected at $5.10 to $5.25, and non-GAAP EPS at $6.05 to $6.15.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 22, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.