Teledyne Technologies (NYSE:TDY) Announces Quarterly Earnings Results

Teledyne Technologies (NYSE:TDY) issued its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $6.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.17 by $0.55, FiscalAI reports. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.57 EPS.

Here are the key takeaways from Teledyne Technologies’ conference call:

• Teledyne raised its 2026 outlook for the third consecutive quarter, now projecting $6.625 billion in sales, up 8.3% year over year, and non-GAAP EPS of $25.45, up 16% from 2025.
• Demand remains strong, with orders exceeding sales for 12 straight quarters and funded backlog reaching approximately $5.3 billion; about 72% is expected to convert to revenue within the next 12 months.
• Digital imaging was the main growth engine, with sales up 15% and operating margin expanding 376 basis points to 25.4%, supported by infrared products for space, missile warning, and unmanned systems as well as broad commercial growth.
• Teledyne generated record third-quarter free cash flow of $319.5 million and repurchased $224.6 million of stock, while maintaining its lowest leverage in six years despite the pending Varex acquisition.
• Management expects to close the Varex acquisition in early 2027 and sees opportunities to improve margins and eventually return the business to mid-single-digit growth, although applying its 80/20 program could initially reduce revenue by eliminating less profitable business.

Teledyne Technologies Stock Up 0.1%

Shares of Teledyne Technologies stock opened at $632.93 on Thursday. The business has a fifty day simple moving average of $619.14 and a 200 day simple moving average of $631.22. The stock has a market cap of $29.34 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 2.75 and a beta of 0.89. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. Teledyne Technologies has a 12 month low of $483.02 and a 12 month high of $697.67.

Key Teledyne Technologies News

Here are the key news stories impacting Teledyne Technologies this week:

• Positive Sentiment: Teledyne reported third-quarter earnings of $6.72 per share, exceeding the $6.17 consensus estimate, while revenue rose 9.4% year over year to $1.68 billion, above expectations of $1.65 billion. Teledyne Technologies Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management increased full-year 2026 sales guidance to $6.625 billion, and funded backlog reached $5.3 billion after 12 consecutive quarters of order growth, signaling solid demand visibility. Teledyne: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Bank of America reiterated its Buy rating and $770 price target, citing the record quarter, raised guidance and growth prospects in digital imaging. The bullish view supports the argument that any pullback could represent a buying opportunity. Teledyne Buy Rating Reiterated
• Positive Sentiment: Teledyne FLIR Defense received a $6 million Department of Homeland Security order for handheld radiation-detection devices, adding incremental support to its defense and government business. Teledyne FLIR Defense Supports DHS Initiative
• Neutral Sentiment: Morgan Stanley maintained its Hold rating, indicating that some analysts remain cautious despite the earnings momentum and improved outlook. Morgan Stanley Maintains Hold Rating

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TDY shares. Morgan Stanley lifted their price target on Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Barclays increased their price objective on shares of Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Stifel Nicolaus raised their price objective on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $750.00 to $760.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $723.33.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Director Simon Lorne sold 6,449 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the transaction, the director owned 55,783 shares in the company, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.36% of the company’s stock.

About Teledyne Technologies

Teledyne Technologies Incorporated (NYSE: TDY) is an industrial technology company that develops and manufactures sophisticated electronic, digital imaging, aerospace and defense products. Its offerings are used in commercial, industrial, scientific, government and defense applications where sensing, imaging, measurement and data processing are important.

The company’s businesses include digital imaging sensors and cameras, scientific instruments, environmental and marine monitoring systems, aerospace and defense electronics, communications equipment, data-acquisition systems and engineered components.