Teledyne Technologies
NYSE: TDY
Stock price
628.57 USD
(+40.88%) 5 years
Financial Performance
5Y price score: 60
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 497.8%
%
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483.0
52-week range
697.6
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
3.9 %
Dividend Yield TTM
-
Market cap $
$ 29,138
Price / Earnings TTM
28.7
Price / Book TTM
2.6
PEG TTM
3
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
15.6 %
40.9 %
497.8 %
Free cash flow per share growth
3.1 %
56.8 %
399.8 %
Earnings per share growth
25.2 %
78.1 %
247.1 %
Business Summary:
Q&A
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Latest Earnings Call Takeaways
2026 Q3 (Oct 21, 2026)
1) Strong Financial Performance and Guidance
- Teledyne reported record sales and operating earnings for Q3 2026, with revenue guidance raised to $6.625 billion, an 8.3% increase YoY.
- Non-GAAP earnings per share guidance was increased to $25.45, reflecting a 16% increase compared to the previous year.
- Orders have exceeded sales for 12 consecutive quarters, with a funded backlog of $5.3 billion, of which 72% is expected to be recognized as revenue within the next 12 months.
2) Segment Performance Highlights
- Digital Imaging: Sales increased 14.3% organically, driven by strong demand for infrared detectors and systems, particularly in defense and commercial sectors. Operating margin rose to 25.4%.
- Instrumentation: Sales grew 1.9%, with marine instruments up 2% and environmental instruments up 7.1%. However, electronic test and measurement systems saw a 6.3% decline.
- Aerospace and Defense Electronics: Revenue increased 4.3%, with defense electronics growing 7.4%. The segment maintained a strong book-to-bill ratio of 1.29x.
- Engineered Systems: Revenue rose 7.8%, primarily due to increased sales in marine and manufacturing programs.
3) Strategic Initiatives and Acquisitions
- Teledyne announced a pending acquisition of Varex, which is expected to close in early 2027. The acquisition is seen as complementary to Teledyne's existing healthcare and life sciences portfolio.
- The company has been actively repurchasing shares, totaling nearly $980 million over the past three years, indicating confidence in its valuation and future growth potential.
4) Operational Challenges and Market Dynamics
- Supply chain issues persist, particularly with shortages in electronic components, leading to increased costs. Teledyne has been successful in implementing price increases to offset inflationary pressures.
- Concerns regarding potential budgetary constraints in defense spending were acknowledged, but management expressed confidence in their backlog and long-term contracts mitigating immediate impacts.
5) Outlook and Investor Considerations
- Management anticipates continued growth in 2027, projecting organic revenue growth in the range of 7% to 8% for Q4 2026.
- The company aims for sustained margin improvement across segments, with a target of at least 50 basis points annually.
- The transcript lacks detailed projections for 2027 beyond the general optimism expressed by management regarding growth and margin expansion.
Bottom line: Teledyne's robust Q3 performance, strong backlog, and strategic acquisitions position the company well for continued growth, despite some operational challenges. The outlook for 2027 remains positive, making it an attractive prospect for shareholders.
Annual Reports, Presentations And IR Contacts
Go to the websiteTeledyne Technologies — Financial Overview, Stock Price, Market Cap
Teledyne Technologies is a company. Founded in 1960. As of October 23, 2026, the company's market capitalization is $29137785378 with a current stock price of $628.57.
