Teledyne Technologies (TDY) Q3 2025 10-Q Quarterly Report

Filed: Oct 24, 2025Period ending Sep 28, 2025
Health Care
Search, Detection, Navigation, Guidance, Aeronautical SysSEC EDGAR

Teledyne Technologies (TDY) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 24, 2025 for the fiscal period ending Sep 28, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Teledyne Technologies Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $1,539.5M Q3 2025, up 6.7% YoY from $1,443.5M, driven by acquisitions in Aerospace and Defense Electronics
  • Operating margin 18.4% Q3 2025 (282.8/1539.5), up from 18.8% Q3 2024 (270.7/1443.5), slight margin compression from acquisitions
  • Aerospace and Defense Electronics best performing segment: sales +37.6% to $275.5M, operating income +25.0% to $70.4M; Engineered Systems worst: sales -8.1% to $115.0M, operating income -5.4% to $12.2M
  • Cash and equivalents $528.6M at 9/28/25 down from $649.8M 12/29/24 due to $764.2M acquisitions; operating cash flow $812.3M YTD 2025 vs $859.5M YTD 2024
  • Board approved new $2B stock repurchase program in July 2025; no repurchases executed in Q3 or YTD 2025; management cautious on tariff impacts and US government shutdown risks

Risk Factors

  • New risk: Potential material fines or loss of export privileges due to voluntary disclosures on U.S. export regulation violations related to Teledyne FLIR product shipments
  • Materially updated risk: Increased goodwill in Aerospace and Defense Electronics segment ($638.3M vs $163.0M prior year), with FLIR reporting unit goodwill at $5,917.3M and ongoing impairment judgment risk
  • Regulatory/legal risk: Ongoing U.S. DOJ civil investigation on ejection seat sequencer program relating to deliveries from 2006-2018, potential unknown litigation impacts
  • Operational/market risk: Integration risks from 2025 acquisitions including Qioptiq ($702.8M) and Micropac ($51.2M) possibly affecting near-term segment performance
  • Financial risk: Debt maturity profile includes $450M senior notes due April 2026 with $450.2M current portion of long-term debt, with $1.2B credit facility available through 2029

Teledyne Technologies Q3 2025 Quarterly Financials
XBRL

Revenue

$1.5B

+6.7% YoY +1.7% QoQ

Net Income

$221M

-15.8% YoY +5.1% QoQ

Net Margin

14.3%

-381bp YoY +47bp QoQ

Source: XBRL data from Teledyne Technologies Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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