TDY · Teledyne Technologies Q2 FY2026 earnings call record财报电话会记录

“Specifically, sales increased 9.8% and non-GAAP earnings increased 20.8%.”

“We're also raising our full year non-GAAP earnings outlook by $0.55 per share at the midpoint of our prior outlook to reflect the additional organic growth.”

“Non-GAAP operating margin in the segment increased 353 basis points to 25%, despite a 39 basis point increase in R&D expense within the segment.”

“As noted earlier, we believe 2026 full-year sales will be approximately $120 million greater than our forecast in April, resulting in an annual increase of just under 7% to over $6.53 billion.”

“Free cash flow, that is cash flow from operating activities less capital expenditures, was $284.7 million in the second quarter of 2026, compared with $196.3 million in 2025.”

“Capital expenditures were $30.5 million in the second quarter of 2026, compared with $30.3 million in 2025.”

“For the full year 2026, we believe that GAAP earnings per share will be in the range of $20.73-$20.99, and non-GAAP earnings per share in the range of $24.45-$24.65.”

“With the use of missiles in the conflict, especially in Middle East, we're getting a lot of inquiries from our customers on increasing our production.”

“The other thing that's happening is some of the European customers are also, like MBDA, we are also getting increases in all of those areas.”

“Total margin, in our segments, for Q2 was 25.1%.”

“Also, we had some increases in our Engineered Systems, and we had some headwinds in our Instrumentation business, but we still had a 27% margin in our Instrumentation segment.”

“Right now, we're thinking overall margin improvement across the company in 2026 versus 2025 of 56 basis points.”