Quarterly report

Summary

• Second quarter net sales increased 9.8% to $1,662.5 million, with higher sales in each of the four segments, and net income attributable to Teledyne rose 19.9% to $251.7 million, or $5.37 per diluted share compared with $4.43.
• Digital Imaging led growth with second quarter net sales up 12.7% to $868.7 million and operating income up 42.3% to $170.2 million, aided by higher infrared imaging detector, surveillance system, and X-ray product sales.
• In the second quarter of 2026 the Company repaid $450.0 million of its 1.60% Fixed Rate Senior Notes due April 2026, reducing total debt, net to $2,027.0 million from $2,475.4 million at December 28, 2025.
• In the first quarter of 2026 the Company acquired DD-Scientific for approximately $53.6 million in cash, a gas sensor maker placed within the Instrumentation segment.
• In February 2026, Teledyne FLIR LLC reached a settlement with the U.S. Department of Commerce's Bureau of Industry and Security and paid a civil penalty of $1.0 million concerning alleged export control compliance issues.
• As of June 28, 2026, $1.6 billion remained available under the $2.0 billion stock repurchase program approved in July 2025, and no repurchases were made in the first six months of 2026.

Why it mattersThe filing records higher sales and earnings across all four Teledyne segments and a $450.0 million debt repayment. It also documents a resolved FLIR export control matter and continued acquisition activity in sensors and maritime products.