Teledyne Technologies (TDY) surged 5.60% during Wednesday's intraday session, reflecting robust investor confidence following the company's better-than-expected fourth-quarter results.
The tech conglomerate reported Q4 adjusted earnings of $6.30 per share, surpassing the $5.82 analyst estimate, while revenue climbed 7.3% year-over-year to $1.61 billion, beating expectations. The aerospace and defense electronics segment drove growth with a 40.4% sales increase, attributed to strong demand for unmanned systems and defense components. Digital imaging sales also rose 3.4%.
Teledyne issued upbeat guidance for 2026, forecasting adjusted EPS of $23.45–$23.85, aligning with Wall Street's bullish outlook. Analysts highlighted the company's record margins and acquisitions (TransponderTech, DD-Scientific) as key catalysts.
Comments