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Teledyne’s Digital Imaging Business Surges 14.3% — A New Growth Powerhouse!

Teledyne Technologies Inc. reported its strongest third-quarter sales and operating earnings to date, with broad-based growth across its four business segments and an increase in full-year 2026 guidance. The company now projects 2026 revenue of approximately $6.625 billion, reflecting an 8.3% year-over-year increase, nearly double the initial forecast. Non-GAAP earnings per share are expected to reach $25.45, up almost 8% from prior guidance and representing a 16% increase over 2025. Orders have outpaced sales for 12 consecutive quarters, resulting in a funded backlog of $5.3 billion, with about 72% expected to convert to revenue over the next 12 months. The Digital Imaging segment showed the most pronounced growth, with organic sales up 14.3%, driven by defense and commercial demand, particularly infrared detectors for space and unmanned applications. Non-GAAP operating margins in this segment improved by over 375 basis points to 25.4%, reflecting improved execution and portfolio strength.