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Teledyne Technologies (NYSE:TDY) announces earnings results. Teledyne Technologies (NYSE:TDY - Get Free Report) released its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $6.17 by $0.55, FiscalAI reports. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.65 billion. Teledyne Technologies had a net margin of 15.75% and a return on equity of 10.89%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.57 earnings per share. 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 price performance. TDY stock opened at $619.71 on Friday. Teledyne Technologies has a 12 month low of $483.02 and a 12 month high of $697.67. The firm has a market cap of $28.73 billion, a P/E ratio of 29.92, a P/E/G ratio of 2.66 and a beta of 0.89. The company has a quick ratio of 1.39, a current ratio of 2.31 and a debt-to-equity ratio of 0.18. The company's 50-day moving average price is $618.06 and its two-hundred day moving average price is $631.19. Insider activity at Teledyne Technologies. Discover more Stock market insights In other Teledyne Technologies news, Director Simon Lorne sold 6,449 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the sale, the director owned 55,783 shares of the company's stock, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.36% of the company's stock. Key stories impacting Teledyne Technologies. Here are the key news stories impacting Teledyne Technologies this week: * Record quarterly performance and raised outlook: Teledyne reported Q3 adjusted earnings of $6.72 per share, exceeding estimates of roughly $6.15-$6.17, while revenue rose 9.4% year over year to $1.68 billion, ahead of the $1.65 billion consensus. Management increased full-year 2026 sales guidance to $6.625 billion after another record-profit quarter. * Strong demand visibility: Funded backlog reached $5.3 billion following 12 consecutive quarters of order growth, supporting expectations for continued sales momentum. Analysts also highlighted digital-imaging growth as a potential upside driver. * Higher analyst price targets: Stifel raised its target to $795 from $775 and retained a Buy rating. BNP Paribas lifted its target to $780 from $760, while BofA increased its target to $780 from $770 and reiterated its Buy view. These targets imply substantial potential upside from the referenced share price. * Analyst views are not unanimous: While several firms remain bullish after the earnings beat, Morgan Stanley maintained a Hold rating, creating a more cautious backdrop for the stock. * Valuation may be limiting the immediate reaction: TDY trades at roughly 25 times earnings, so investors may require continued earnings upgrades to justify further gains despite the strong quarter and improved guidance. Analyst upgrades and downgrades. Several equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $775.00 to $795.00 and gave the company a "buy" rating in a research note on Thursday. Zacks Research downgraded shares of Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Barclays raised their price objective on Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Needham & Company LLC lifted their target price on Teledyne Technologies from $760.00 to $775.00 and gave the company a "buy" rating in a research report on Friday. Finally, Morgan Stanley upped their target price on Teledyne Technologies from $680.00 to $715.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $729.17. Teledyne Technologies company profile. 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. Further reading. Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Teledyne's (NYSE:TDY) Q3 2026 sales top estimates. Petr huřťák /. October 21, 2026 Digital imaging and instrumentation provider Teledyne (NYSE:TDY) reported revenue ahead of Wall Street's expectations in Q3 2026, with sales up 9.4% year on year to $1.68 billion. Its non-GAAP profit of $6.72 per share was 9% above analysts' consensus estimates. Teledyne (TDY) Q3 2026 highlights: * Revenue: $1.68 billion vs analyst estimates of $1.65 billion (9.4% year-on-year growth, 1.9% beat) * Adjusted EPS: $6.72 vs analyst estimates of $6.17 (9% beat) * Management raised its full-year Adjusted EPS guidance to $25.45 at the midpoint, a 3.7% increase * Operating Margin: 20.6%, up from 18.4% in the same quarter last year * Free Cash Flow Margin: 19%, down from 20.4% in the same quarter last year * Market Capitalization: $29.31 billion "Our third quarter sales and operating earnings were the strongest in Teledyne's history," said Robert Mehrabian, Executive Chairman. "Specifically, sales and non-GAAP earnings per share increased 9.4% and 20.6%, respectively. Organic growth accelerated in our Digital Imaging segment and was led by sales of infrared detectors and subsystems for space and unmanned applications. Furthermore, each of our major commercial imaging businesses, such as industrial vision sensors & systems and healthcare, increased year-over-year. For all of Teledyne, orders exceeded sales every quarter over the last three years, and funded backlog is now nearly $5.3 billion. We were pleased to announce the pending highly-complementary Varex acquisition in August, and Varex's special meeting is scheduled for October 28. Finally, given our continued strong cash flow, we recently made $224.6 million of opportunistic stock repurchases." Company overview. Playing a role in mapping the ocean floor as we know it today, Teledyne (NYSE:TDY) offers digital imaging and instrumentation products for various industries. Revenue growth. Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Thankfully, Teledyne's 10% annualized revenue growth over the last five years was solid. Its growth beat the average industrials company and shows its offerings resonate with customers, a helpful starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Teledyne's annualized revenue growth of 8% over the last two years is below its five-year trend, but we still think the results were respectable. This quarter, Teledyne reported year-on-year revenue growth of 9.4%, and its $1.68 billion of revenue exceeded Wall Street's estimates by 1.9%. Looking ahead, sell-side analysts expect revenue to grow 4.6% over the next 12 months, a deceleration versus the last two years. This projection doesn't excite us and suggests its products and services will see some demand headwinds. At least the company is tracking well in other measures of financial health. WHILE YOU'RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You've probably never heard of it. This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE. Operating Margin. Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. Teledyne has been a well-oiled machine over the last five years. It demonstrated elite profitability for an industrials business, boasting an average operating margin of 18.2%. This result isn't surprising as its high gross margin gives it a favorable starting point. Analyzing the trend in its profitability, Teledyne's operating margin rose by 3.5 percentage points over the last five years, as its sales growth gave it operating leverage. In Q3, Teledyne generated an operating margin profit margin of 20.6%, up 2.2 percentage points year on year. The increase was encouraging, and because its operating margin rose more than its gross margin, we can infer it was more efficient with expenses such as marketing, R&D, and administrative overhead. Earnings per share. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Teledyne's decent 9.8% annual EPS growth over the last five years aligns with its revenue performance. This tells us its incremental sales were profitable. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. Teledyne's two-year annual EPS growth of 13% was great and topped its 8% two-year revenue growth. We can take a deeper look into Teledyne's earnings quality to better understand the drivers of its performance. Teledyne's operating margin has expanded over the last two years. This was the most relevant factor (aside from the revenue impact) behind its higher earnings; interest expenses and taxes can also affect EPS but don't tell us as much about a company's fundamentals. In Q3, Teledyne reported adjusted EPS of $6.72, up from $5.57 in the same quarter last year. This print beat analysts' estimates by 9%. Over the next 12 months, Wall Street expects Teledyne's full-year EPS to grow 3.8% from $25.10 to $26.05. Key takeaways from Teledyne's Q3 results. It was great to see Teledyne's full-year EPS guidance top analysts' expectations. We were also glad its revenue outperformed Wall Street's estimates. Zooming out, we think this quarter featured some important positives. The stock remained flat at $627.25 immediately after reporting. Big picture, is Teledyne a buy here and now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here (it's free).