Teledyne Technologies (TDY) Q3 2025 Earnings
How Did TDY Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: −1.31%.
Did TDY Beat Earnings? Q3 2025 Results
Yes. Teledyne Technologies reported Q3 2025 earnings of $5.57 a share on Oct 22, 2025, beating the $5.47 consensus estimate by 1.8%. Revenue was $1.5B against a $1.5B estimate.
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 <a href="https://247wallst.com/investing/2025/10/21/live-will-texas-instruments-beat-q3-earnings/">peers across the sector</a> face their own quarterly tests.
- 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
“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.”
Teledyne Technologies CEO, on the earnings call
What Was Teledyne Technologies's Outlook in Q3 2025?
Teledyne raised its full year 2025 outlook. Q4 2025 GAAP diluted EPS is expected to be $4.76 to $4.98, and full year 2025 GAAP diluted EPS is expected to be $17.83 to $18.05 (up from $17.59 to $17.97). Q4 2025 non-GAAP diluted EPS is expected to be $5.73 to $5.88, and full year 2025 non-GAAP diluted EPS is expected to be $21.45 to $21.60 (up from $21.20 to $21.50). The company cited strong Q3 performance, recovering commercial short-cycle businesses, and robust backlog growth. However, management noted the current U.S. Government shutdown may impact near-term new awards and shipments.
TDY YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $1.5B | $1.4B | +6.7% |
| Gross Profit | $659.5M | $619.6M | +6.4% |
| Operating Income | $282.8M | $270.7M | +4.5% |
| Net Income | $220.7M | $262.0M | −15.8% |
TDY Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.