Teledyne Technologies Incorporated (NYSE:TDY) gained Wednesday on the release of second-quarter figures.
Teledyne reported second-quarter 2026 net sales of $1,662.5 million compared with net sales of $1,513.7 million for the second quarter of 2025, an increase of 9.8%. The second quarter of 2026 net sales included $12.2 million in incremental sales from recent acquisitions.
Net income attributable to Teledyne was $251.7 million ($5.37 diluted earnings per share) for the second quarter of 2026 compared with $209.9 million ($4.43 diluted earnings per share) for the second quarter of 2025, an increase of 19.9%. The second quarter of 2026 included $56.0 million of pretax acquired intangible asset amortization expense, $0.2 million of pretax transaction and integration costs, and $0.5 million of income tax benefits from FLIR acquisition-related tax matters.
Excluding those items, non-GAAP net income attributable to Teledyne for the second quarter of 2026 was $294.3 million ($6.28 diluted earnings per share).
Non-GAAP net income attributable to Teledyne for the second quarter of 2025 was $246.3 million ($5.20 diluted earnings per share). Operating margin was 20.0% for the second quarter of 2026 compared with 18.4% for the second quarter of 2025.
Excluding the items discussed above, non-GAAP operating margin for the second quarter of 2026 was 23.4% compared with 22.2% for the second quarter of 2025.
TDY shares jumped $16.74, or 2.6%, to $663.00.
