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Teledyne Technologies
(NYSE:TDY)
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Rating:78Outperform
Price Target:
$743.00
▲(16.86% Upside)
Action:Reiterated
Date:04/24/26
The score is driven primarily by strong financial quality (healthy margins, low and improving leverage, robust free cash flow) and a constructive earnings update (raised full-year revenue/EPS guidance with strong order intake and backlog). Technicals are supportive but not strongly overbought, while the main offset is valuation (P/E ~30 with no dividend yield provided).
Positive Factors
Profitability & Margins
Teledyne's consistently healthy TTM margins across gross, operating and net levels indicate durable earnings power from specialized, higher‑value engineered products. Stable margins support reinvestment in R&D/CapEx and provide a buffer versus cyclical revenue swings, preserving long‑term cash generation and pricing leverage.
Negative Factors
Free Cash Flow Variability
Although FCF is substantial in absolute terms, recent negative growth and uneven conversion indicate working‑capital and timing volatility. This reduces predictability of cash available for buybacks, M&A or deleveraging and can compress strategic flexibility if elevated working capital persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & Margins
Teledyne's consistently healthy TTM margins across gross, operating and net levels indicate durable earnings power from specialized, higher‑value engineered products. Stable margins support reinvestment in R&D/CapEx and provide a buffer versus cyclical revenue swings, preserving long‑term cash generation and pricing leverage.
Read all positive factors
Teledyne Technologies Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Profit produced by each of Teledyne’s business units, revealing which segments drive overall earnings and which are dragging margins. Helps investors see where management is most efficient, where capital and cost control are working, and which parts of the company are most exposed to cyclicality or margin pressure.
Profit produced by each of Teledyne’s business units, revealing which segments drive overall earnings and which are dragging margins. Helps investors see where management is most efficient, where capital and cost control are working, and which parts of the company are most exposed to cyclicality or margin pressure.
Data provided by:
The Fly
The FlyTeledyne Technologies (TDY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$29.63B
Dividend YieldN/A
Average Volume (3M)331.74K
Price to Earnings (P/E)31.8
Beta (1Y)0.80
Revenue Growth7.74%
EPS Growth12.76%
CountryUS
Employees14,900
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)19.88
Shares Outstanding46,329,140
10 Day Avg. Volume320,020
30 Day Avg. Volume331,735
Financial Highlights & Ratios
PEG Ratio3.29
Price to Book (P/B)2.33
Price to Sales (P/S)4.00
P/FCF Ratio22.79
Enterprise Value/Market Cap1.03
Enterprise Value/Revenue4.89
Enterprise Value/Gross Profit12.72
Enterprise Value/Ebitda19.85
Forecast
1Y Price Target
$692.88Price Target Upside8.97% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)24.16
Revenue Forecast (FY)$6.43B
Teledyne Technologies Business Overview & Revenue Model
Company Description
Teledyne Technologies Incorporated develops and supplies advanced technologies primarily for industrial sectors experiencing growth, serving customers across the United States, Canada, the United Kingdom, Belgium, the Netherlands, and other intern...
How the Company Makes Money
Teledyne makes money primarily by selling high-value, engineered products and systems (and related services) through several operating segments, with revenue generated from a mix of commercial sales and government/defense spending.
1) Product and...
Teledyne Technologies Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call conveyed solid operational momentum: record Q1 sales and non-GAAP EPS, strong order intake and backlog, raised full-year revenue and earnings guidance, and pronounced strength in Digital Imaging and Aerospace & Defense Electronics. Offsetting items are modest near-term cash-flow pressure from higher inventory and CapEx, a Q1 decline in some test & measurement products and conservative assumptions that temper upside. On balance, the positive revenue/margin beats, backlog strength and guidance increase outweigh the manageable headwinds.Positive Updates
Record Quarterly Results and Margin Expansion
Q1 2026 delivered record sales, non-GAAP EPS and operating margin: sales up 7.6% year-over-year and non-GAAP earnings up 17.2%; non-GAAP operating margin improved by 58 basis points year-over-year despite higher R&D spend.
Negative Updates
Cash Flow and Free Cash Flow Decline in Q1
Q1 operating cash flow was $234.0M vs. $242.6M prior year; free cash flow declined to $204.3M from $224.6M, driven by higher inventory purchases and increased CapEx.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Quarterly Results and Margin Expansion
Q1 2026 delivered record sales, non-GAAP EPS and operating margin: sales up 7.6% year-over-year and non-GAAP earnings up 17.2%; non-GAAP operating margin improved by 58 basis points year-over-year despite higher R&D spend.
Read all positive updates
Company Guidance
Teledyne raised its 2026 revenue guidance to $6.415 billion (about 70 basis points above the January outlook), implying roughly 4.9% total growth (about 4.0% organic and ~0.9% from acquisitions), and nudged full‑year non‑GAAP EPS to $23.85–$24.15 (GAAP $20.08–$20.44) with a midpoint near $24 (≈$0.35 improvement versus prior guidance); Q2 guidance is GAAP $4.75–$4.90 and non‑GAAP $5.70–$5.80. Management cited a book‑to‑bill of 1.16 (10th consecutive quarter >1), a backlog of about $4.6 billion, the lowest leverage ratio in five years, a shift to ~51% of revenue in H2 vs 49% in H1, higher investments (Q1 CapEx $29.7M, full‑year CapEx targeted near $150M), increased R&D (Q1 up ~30 bps), and an expectation of more than $1 billion of free cash flow for the year.Teledyne Technologies Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.23B | 6.12B | 5.67B | 5.64B | 5.46B | 4.61B |
| Gross Profit | 2.39B | 2.40B | 2.43B | 2.44B | 2.33B | 1.84B |
| EBITDA | 1.53B | 1.49B | 1.31B | 1.35B | 1.33B | 996.40M |
| Net Income | 933.00M | 894.80M | 819.20M | 885.70M | 788.60M | 445.30M |
Balance Sheet | ||||||
| Total Assets | 15.49B | 15.29B | 14.20B | 14.53B | 14.35B | 14.45B |
| Cash, Cash Equivalents and Short-Term Investments | 521.40M | 352.40M | 649.80M | 648.30M | 638.10M | 474.70M |
| Total Debt | 2.48B | 2.64B | 2.79B | 3.24B | 3.92B | 4.10B |
| Total Liabilities | 4.79B | 4.77B | 4.65B | 5.30B | 6.18B | 6.81B |
| Stockholders Equity | 10.70B | 10.51B | 9.55B | 9.22B | 8.17B | 7.62B |
Cash Flow | ||||||
| Free Cash Flow | 1.05B | 1.07B | 1.11B | 721.20M | 394.20M | 723.00M |
| Operating Cash Flow | 1.18B | 1.19B | 1.19B | 836.10M | 486.80M | 824.60M |
| Investing Cash Flow | -218.80M | -937.90M | -207.20M | -190.30M | -175.40M | -3.82B |
| Financing Cash Flow | -903.60M | -555.20M | -945.80M | -651.50M | -110.00M | 2.81B |
Teledyne Technologies Technical Analysis
Positive
635.83
Price Trends
627.32
Positive
636.99
Negative
593.73
Positive
Market Momentum
5.89
Negative
49.47
Neutral
37.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TDY, the sentiment is Positive. The current price of 635.83 is above the 20-day moving average (MA) of 631.34, above the 50-day MA of 627.32, and above the 200-day MA of 593.73, indicating a bullish trend. The MACD of 5.89 indicates Negative momentum. The RSI at 49.47 is Neutral, neither overbought nor oversold. The STOCH value of 37.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TDY.
Teledyne Technologies Risk Analysis
Teledyne Technologies disclosed 43 risk factors in its most recent earnings report. Teledyne Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Teledyne Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $29.63B | 31.77 | 8.85% | ― | 7.74% | 12.76% | |
76 Outperform | $54.21B | 52.99 | 17.44% | ― | 19.19% | 42.75% | |
75 Outperform | $48.87B | 60.06 | 17.26% | ― | 8.14% | 10.64% | |
75 Outperform | $62.03B | 142.90 | 5.26% | ― | 18.00% | ― | |
70 Neutral | $12.22B | 27.45 | 7.95% | ― | 3.25% | -68.85% | |
64 Neutral | $18.68B | 36.18 | 7.39% | 0.43% | -23.36% | -26.77% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
TDY
Teledyne Technologies
634.60
103.87
19.57%
FLEX
Flex
135.80
83.61
160.20%
COHR
Coherent Corp
324.50
231.20
247.80%
TRMB
Trimble
52.82
-27.17
-33.97%
KEYS
Keysight Technologies
322.05
158.36
96.74%
FTV
Fortive
62.20
9.74
18.57%
Teledyne Technologies Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Teledyne Technologies Expands Shareholder Rights at Annual Meeting
Neutral
Apr 23, 2026
At its April 22, 2026 annual meeting, Teledyne Technologies’ shareholders approved amendments to the company’s Restated Certificate of Incorporation and Bylaws granting investors holding at least 25% of voting power the right to call s...
Business Operations and StrategyPrivate Placements and Financing
Teledyne Technologies Modifies SOFR Terms on Credit Facility
Positive
Feb 26, 2026
Teledyne Technologies Incorporated, party to a Second Amended and Restated Credit Agreement dated June 10, 2024, has amended its syndicated credit facility with Bank of America, N.A. serving as administrative agent and other lenders. On February 2...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.