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Teledyne Technologies

NYSE: TDY

Stock price

628.57 USD

(+40.88%) 5 years

Electronic Equipment & InstrumentsHardwareEquipment & Parts

Financial Performance

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5Y price score: 60

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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

628.57

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Required return / cost of capital
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FCFF terminal growth rate
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Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

3.9 %

Dividend Yield TTM

-

Market cap $

$ 29,138

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

28.7

Price / Book TTM

2.6

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

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 %

Founded: 1,960

Employees: 14,900

Business Summary: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 international markets. The company's Instrumentation division provides sophisticated monitoring and control equipment for use in marine environments, environmental management, various industrial processes, and other specialized applications. It also offers electronic tools for testing and measurement, alongside connectivity devices for power and communication within distributed instrumentation setups and sensor networks. Its Digital Imaging segment specializes in a broad range of imaging solutions. This includes visible spectrum sensors and digital cameras vital for industrial machine vision, automated quality control, as well as medical, research, and scientific purposes. Additionally, it offers infrared and X-ray imaging technologies for industrial, governmental, and healthcare applications. The segment also produces microelectromechanical systems (MEMS) and semiconductors, such as analog-to-digital and digital-to-analog converters. Complementing these, it delivers complete thermal and visible-light imaging systems, locator systems, measurement and diagnostic tools, and threat detection solutions. The Aerospace and Defense Electronics segment is dedicated to supplying electronic components and subsystems, along with communication products. This encompasses defense-specific electronics, specialized environmental interconnects, data acquisition and communication gear for aircraft, components for wireless and satellite communication systems, and batteries for general aviation. Finally, the Engineered Systems segment provides comprehensive systems engineering, integration services, technology development, and manufacturing capabilities for applications in defense, space exploration, environmental protection, and energy. It also designs and manufactures advanced electrochemical energy systems and associated electronics specifically for military use. Teledyne Technologies promotes and sells its diverse portfolio of products and services through a combination of its dedicated internal sales teams and a network of external sales representatives and distributors. The company, established in 1960, maintains its corporate headquarters in Thousand Oaks, California.

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Fair Value Reference Estimate

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

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Annual report links (10K)
20252024202320222021201920182017

Teledyne 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.