v3.26.1
Business Segments (Tables)
 6 Months Ended
Jun. 28, 2026
Segment Reporting [Abstract]  
Schedule of Information by Business Segments
Information for the Company’s business segments was as follows (in millions):
 Second Quarter Ended June 28, 2026
Digital ImagingInstrumentationAerospace and Defense ElectronicsEngineered SystemsTotal
Net sales (a)$868.7 $387.8 $286.4 $119.6 $1,662.5 
Costs and expenses
Cost of sales459.3 199.5 168.0 97.6 924.4 
Selling, general and administrative134.1 57.2 33.0 6.4 230.7 
Research and development57.7 26.3 5.7 0.5 90.2 
Acquired intangible asset amortization47.4 3.4 5.2 — 56.0 
Segment Operating income (loss)
$170.2 $101.4 $74.5 $15.1 $361.2 
Reconciliation to Income (loss) before income taxes
Corporate expense(28.0)
Interest and debt expense, net(13.6)
Non-service retirement benefit income2.6 
Other income (expense), net(0.9)
Income (loss) before income taxes
$321.3 
(a) Net sales exclude inter-segment sales of $18.0 million for the second quarter of 2026.
 Six Months Ended June 28, 2026
Digital ImagingInstrumentationAerospace and Defense ElectronicsEngineered SystemsTotal
Net sales (a)$1,685.6 $749.2 $563.9 $223.9 $3,222.6 
Costs and expenses
Cost of sales906.9 389.7 330.7 183.4 1,810.7 
Selling, general and administrative261.3 111.4 63.4 13.0 449.1 
Research and development110.1 51.4 12.6 0.7 174.8 
Acquired intangible asset amortization95.4 6.9 11.3 — 113.6 
Segment Operating income (loss)
$311.9 $189.8 $145.9 $26.8 $674.4 
Reconciliation to Income (loss) before income taxes
Corporate expense(47.0)
Interest and debt expense, net(25.9)
Non-service retirement benefit income5.3 
Other income (expense), net(6.8)
Income (loss) before income taxes
$600.0 
(a) Net sales exclude inter-segment sales of $23.3 million for the first six months of 2026.
 Second Quarter Ended June 29, 2025
Digital ImagingInstrumentationAerospace and Defense ElectronicsEngineered SystemsTotal
Net sales (a)$771.0 $367.6 $264.8 $110.3 $1,513.7 
Costs and expenses
Cost of sales436.6 186.7 154.2 91.6 869.1 
Selling, general and administrative120.3 50.3 30.8 6.3 207.7 
Research and development48.2 25.7 8.2 0.3 82.4 
Acquired intangible asset amortization46.3 3.3 5.0 — 54.6 
Segment Operating income (loss)
$119.6 $101.6 $66.6 $12.1 $299.9 
Reconciliation to Income (loss) before income taxes
Corporate expense(21.7)
Interest and debt expense, net(17.6)
Non-service retirement benefit income2.7 
Other income (expense), net(2.7)
Income (loss) before income taxes
$260.6 
(a) Net sales exclude inter-segment sales of $7.2 million for the second quarter of 2025.
 Six Months Ended June 29, 2025
Digital ImagingInstrumentationAerospace and Defense ElectronicsEngineered SystemsTotal
Net sales (a)$1,528.0 $710.9 $507.3 $217.4 $2,963.6 
Costs and expenses
Cost of sales859.1 360.2 298.4 181.8 1,699.5 
Selling, general and administrative243.0 100.0 64.0 12.4 419.4 
Research and development92.3 49.9 14.2 0.3 156.7 
Acquired intangible asset amortization91.7 6.5 8.4 — 106.6 
Segment Operating income (loss)
$241.9 $194.3 $122.3 $22.9 $581.4 
Reconciliation to Income (loss) before income taxes
Corporate expense(43.9)
Interest and debt expense, net(34.9)
Non-service retirement benefit income5.5 
Other income (expense), net(8.6)
Income (loss) before income taxes
$499.5 
(a) Net sales exclude inter-segment sales of $11.0 million for the first six months of 2025.
Identifiable assets for the Company’s business segments was as follows (in millions):
Identifiable assets:June 28, 2026December 28, 2025
Digital Imaging$11,282.4 $11,303.3 
Instrumentation1,859.1 1,794.3 
Aerospace and Defense Electronics1,512.8 1,498.2 
Engineered Systems205.2 184.1 
Total segment identifiable assets14,859.5 14,779.9 
Corporate420.9 505.4 
Total Teledyne identifiable assets$15,280.4 $15,285.3 
Schedule of Sales by Product Line
The table below provides a summary of the net sales by product line for the Instrumentation segment (in millions):
Second QuarterSix Months
Instrumentation2026202520262025
Marine Instrumentation$181.2 $171.5 $356.5 $333.3 
Environmental Instrumentation127.1 119.9 243.3 228.8 
Test and Measurement Instrumentation79.5 76.2 149.4 148.8 
Total$387.8 $367.6 $749.2 $710.9