Company file · TDY
Teledyne Technologies
Aerospace and Defense Electronics was Teledyne Technologies' fastest-growing segment in FY2025, up 36.3%
Revenue rose 7.9% to $6.1B in FY2025, from $5.7B in FY2024. Net income rose 9.2% to $895M. Digital Imaging was the largest segment, at 52% of revenue.
Key facts
In fiscal 2025, which ended Dec 28, 2025, Teledyne Technologies (NYSE: TDY) took in $6.1B of revenue (up 7.9% on fiscal 2024); net income was $895M (up 9.2%). The most recent quarter, ended Sep 27, 2026, brought revenue of $1.7B, up 9.4% year over year, with net income of $273M. Digital Imaging was the biggest single line by segment: 52% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 20, 2026) and 10-Q for the quarter ended Sep 27, 2026 (filed Oct 23, 2026).
Source: 10-K FY2025, filed Feb 20, 2026
Source: 10-Q filed Apr 24, 2026 · 10-Q filed Jul 24, 2026 · 10-Q filed Oct 23, 2026
How it makes money
By segment, FY2025
- LineAmountSharevs FY2024
- Digital Imaging$3.2B52%+3.0%
- Instrumentation$1.5B24%+5.4%
- Aerospace and Defense Electronics$1.1B17%+36.3%
- Engineered Systems$436M7%−0.9%
Source: 10-K FY2025, XBRL breakdown
By segment in FY2025: Digital Imaging (52%), Instrumentation (24%), Aerospace and Defense Electronics (17%) and Engineered Systems (7%), as shares of total revenue. Total revenue was $6.1B.
Source: 10-K FY2025
By region, FY2025
Share is of the FY2025 total; the last column is the change from FY2024.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q3 2026Q3 2025
Company
Source: Teledyne Technologies 10-Q for the quarter ended Sep 27, 2026, filed Oct 23, 2026
By segment
Source: Teledyne Technologies 10-Q for the quarter ended Sep 27, 2026, filed Oct 23, 2026
The bull case and the bear case
The bull case
- Revenue rose 7.9% in FY2025 to $6.1B, from $5.7B a year earlier. 10-K, FY2025
- Net income rose 9.2% in FY2025 to $895M, from $819M. 10-K, FY2025
- Total debt fell 6.6% in FY2025 to $2.5B. 10-K, FY2025
- Revenue in the quarter ended Sep 27, 2026 was $1.7B, up 9.4% on a year earlier. 10-Q, quarter ended Sep 27, 2026
The bear case
- Operating cash flow fell 0.1% in FY2025 to $1.2B. 10-K, FY2025
- Engineered Systems revenue fell 0.9% in FY2025 to $436M. 10-K, FY2025
- Asia revenue fell 0.4% in FY2025 to $894M. 10-K, FY2025
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Teledyne Technologies is in the electronic equipment & instruments industry, part of the information technology sector. The SEC files it under Search, Detection, Navigation, Guidance, Aeronautical Sys.
Teledyne Technologies reports 4 segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics and Engineered Systems.
Its latest fiscal year, FY2025, ended Dec 28, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the electronic equipment & instruments industry. They are not a summary of Teledyne Technologies’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- CompetitionTechnology markets move fast, and rivals large and small can change prices or products.
- Customer demandSpending by customers on technology rises and falls with their budgets and the economy.
- Security and privacyCyberattacks, outages and data-privacy rules can raise costs or harm customer trust.
- Supply and tradeReliance on suppliers and exposure to tariffs or export rules can limit what it can sell or build.
- Intellectual propertyPatent claims and licensing disputes can lead to costs or limits on products.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $5.6B | $5.7B | $6.1B |
| Net income | $886M | $819M | $895M |
| Operating cash flow | $836M | $1.2B | $1.2B |
| Cash & equivalents (year end) | $648M | $650M | $352M |
| Total debt (year end) | $3.2B | $2.6B | $2.5B |
| Diluted shares | 48M | 48M | 47M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: The current part of long-term debt plus long-term debt, at carrying value.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Segment reporting
- Net debt and net cash
- Debt-to-equity ratio
- Risk factors (Item 1A)
- The cash flow statement
- Property, plant and equipment
- S-1 filings and IPOs
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
- Teledyne Technologies names its fiscal year by the calendar year in which it ends, so FY2025 is the year that ended Dec 28, 2025.
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Oct 23, 2026 | Sep 27, 2026 |
| 10-Q | Jul 24, 2026 | Jun 28, 2026 |
| 10-Q | Apr 24, 2026 | Mar 29, 2026 |
| DEF 14A | Mar 12, 2026 | Apr 22, 2026 |
| 10-K | Feb 20, 2026 | Dec 28, 2025 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Teledyne Technologies
How does Teledyne Technologies make money?
In fiscal 2025, revenue totaled $6.1B. By segment in FY2025: Digital Imaging (52%), Instrumentation (24%), Aerospace and Defense Electronics (17%) and Engineered Systems (7%), as shares of total revenue. Total revenue was $6.1B. Source: 10-K for fiscal 2025, filed Feb 20, 2026.
What was Teledyne Technologies's revenue in fiscal 2025?
Revenue came to $6.1B in the year ended Dec 28, 2025. Going back two years, it was $5.6B in fiscal 2023 and $5.7B in fiscal 2024, so the latest year was up 7.9%. Source: 10-K for fiscal 2025, filed Feb 20, 2026.
Is Teledyne Technologies profitable?
Yes, by US accounting rules (GAAP): net income was $895M in fiscal 2025, up 9.2% from $819M a year earlier. For the quarter ended Sep 27, 2026, net income was $273M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 20, 2026.
What did Teledyne Technologies report in its latest quarterly filing?
The 10-Q for the quarter ended Sep 27, 2026 shows revenue of $1.7B, against $1.5B in the same quarter a year before (up 9.4%), and net income of $273M, against $221M (up 23.6%). Source: 10-Q for the quarter ended Sep 27, 2026, filed Oct 23, 2026.
How much cash and debt does Teledyne Technologies have?
On Sep 27, 2026, cash and cash equivalents stood at $562M and total debt at $2.0B. Total debt here is the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Oct 23, 2026.
What are the main risks Teledyne Technologies faces?
Teledyne Technologies's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 20, 2026. Risks that are common among companies in the electronic equipment & instruments industry include Competition; customer demand; security and privacy; supply and trade; intellectual property. The first: Technology markets move fast, and rivals large and small can change prices or products. Source: 10-K, Item 1A Risk Factors.
Where do these Teledyne Technologies numbers come from?
Two filings Teledyne Technologies made with the SEC: its fiscal 2025 10-K, filed Feb 20, 2026, and its 10-Q for the quarter ended Sep 27, 2026, filed Oct 23, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning Teledyne Technologies
- Point72 Asset Management: 131,184 shares, reported value $87.5M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Millennium Management: 102,407 shares, reported value $68.3M at Jun 30, 2026 (+318.0% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- ARK Investment Management: 54,873 shares, reported value $36.6M at Jun 30, 2026 (+6.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Citadel Advisors: 19,981 shares, reported value $13.3M at Jun 30, 2026 (+20.3% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Two Sigma Investments: 8,483 shares, reported value $5.7M at Jun 30, 2026 (−96.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Bridgewater Associates: 1,806 shares, reported value $1.2M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in TDY
- The editor holds no position in Teledyne Technologies (TDY). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell TDY from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 9, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold TDY, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| Teledyne TechnologiesTDY | FY2025 | $6.1B | +7.9% | $895M |
| Keysight TechnologiesKEYS | FY2025 | $5.4B | +8.0% | $850M |
| Roper TechnologiesROP | FY2025 | $7.9B | +12.3% | $1.5B |
| Zebra TechnologiesZBRA | FY2025 | $5.4B | +8.3% | $419M |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.