Analyst Consensus ?
ConsensusBuy17 ratings
Bullish1270.6%
Neutral423.5%
Bearish15.9%
Teledyne Technologies Incorporated · TDY · FY2024 Q2 · Calendar Q3 2024
Teledyne: Defense and Marine Demand Offset Industrial Weakness
Teledyne's quarter supports a constructive but mixed operating picture: defense, marine instrumentation, backlog, and cash generation provided durable offsets to weaker industrial imaging and test-and-measurement demand. The thesis depends on those growth drivers continuing while short-cycle markets recover.
Reported Before market openNYSETechnology
$29.92B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$4.58
Consensus $4.50
EPS surprise
+1.8%
Reported versus consensus
Reported revenue
$1.37B
Consensus $1.36B
Revenue surprise
+1.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+3.7%
Event window
SPY move
-2.3%
Same window
Abnormal move
+6.0%
Stock minus SPY
Volume
2.8×
Versus trailing sessions
Subsequent drift
+0.4%
Up to 20 sessions
TDYSPY benchmark
Ask FN2 about TDY FY2024 Q2
Transcript, numbers and history already loaded
Why did TDY rise 3.7% after beating EPS estimates in FY2024 Q2?What changed in TDY's guidance and outlook in FY2024 Q2?Give me the bull and bear case for TDY after FY2024 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current quarter added stronger evidence of defense and marine momentum, including new UAV and mini-drone programs, a 1.07 book-to-bill ratio, record backlog, and record free cash flow. Industrial imaging and test-and-measurement remained areas of weakness, while full-year EPS guidance was unchanged.
Guidance delta
Management maintained full-year GAAP and non-GAAP EPS guidance.
Key takeaways
- Defense and marine instrumentation growth offset weakness in industrial imaging and test and measurement.
- A 1.07 book-to-bill ratio and record backlog supported confidence in sequential sales growth.
- Management reported record free cash flow and continued capital deployment flexibility.
- New Rogue 1 and Black Hornet 4 programs added product momentum.
- Margins improved across most segments while full-year earnings guidance was maintained.
Management priorities
- Continue share repurchases under the $1.25 billion authorization.
- Pursue strategic acquisitions to complement the portfolio.
- Scale Rogue 1 and Black Hornet 4 production.
- Expand marine instrumentation capacity for offshore energy demand.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$645.47Previous close
$465Low
$682.77Average
$830High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 27, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Needham | Buy | Buy | Maintain | Oct 23, 2026 |
| Stifel | Buy | Buy | Maintain | Oct 22, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 13, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 24, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jul 1, 2026 |
| Jefferies | Buy | Buy | Maintain | Feb 23, 2026 |
| UBS | Buy | Buy | Maintain | Jul 24, 2025 |
| TD Securities | Buy | Buy | Maintain | Apr 24, 2025 |
| B of A Securities | Buy | Buy | Maintain | Mar 17, 2025 |
| TD Cowen | Buy | Buy | Maintain | Oct 24, 2024 |
| Goldman Sachs | Buy | Neutral | Upgrade | Aug 14, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 27, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Jul 30, 2021 |
| CL King | Neutral | Buy | Downgrade | Jul 6, 2016 |
| Keybanc | Underweight | Hold | Downgrade | Jan 15, 2015 |
| Stifel Nicolaus | Buy | Buy | Maintain | Oct 21, 2013 |
| Drexel Hamilton | Buy | Hold | Upgrade | Jul 12, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $645.47. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $646 | $625.41 | +0.1% | Oct 26, 2026 |
| Needham | James Ricchiuti | $775 | $620.47 | +20.1% | Oct 23, 2026 |
| Stifel Nicolaus | Analyst unavailable | $795 | $630.1 | +23.2% | Oct 22, 2026 |
| Needham | Analyst unavailable | $760 | $597.11 | +17.7% | Sep 15, 2026 |
| Morgan Stanley | Analyst unavailable | $715 | $686.49 | +10.8% | Aug 13, 2026 |
| Jefferies | Sheila Kahyaoglu | $830 | $655.35 | +28.6% | Jul 26, 2026 |
| Barclays | Analyst unavailable | $640 | $651.22 | -0.8% | Jul 24, 2026 |
| Stifel Nicolaus | Jonathan Siegmann | $775 | $662.6 | +20.1% | Jul 23, 2026 |
| Needham | James Ricchiuti | $750 | $650.5 | +16.2% | Jul 23, 2026 |
| Goldman Sachs | Analyst unavailable | $465 | $652.08 | -28.0% | Jul 6, 2026 |
| Jefferies | Greg Konrad | $775 | $640.33 | +20.1% | May 3, 2026 |
| Barclays | Analyst unavailable | $614 | $651.75 | -4.9% | Apr 24, 2026 |
| Stifel Nicolaus | Analyst unavailable | $750 | $660.81 | +16.2% | Apr 23, 2026 |
| Jefferies | Analyst unavailable | $770 | $672.97 | +19.3% | Feb 23, 2026 |
| Stifel Nicolaus | Jonathan Siegmann | $720 | $628.76 | +11.5% | Jan 22, 2026 |
| Barclays | Analyst unavailable | $599 | $621.79 | -7.2% | Jan 22, 2026 |
| Barclays | Guy Hardwick | $579 | $549.02 | -10.3% | Jan 12, 2026 |
| Needham | Analyst unavailable | $615 | $543.45 | -4.7% | Oct 23, 2025 |
| Stifel Nicolaus | Analyst unavailable | $645 | $543.73 | -0.1% | Oct 23, 2025 |
| Barclays | Analyst unavailable | $584 | $543.73 | -9.5% | Oct 23, 2025 |
| Morgan Stanley | Analyst unavailable | $620 | $571.93 | -3.9% | Oct 15, 2025 |
| Barclays | Analyst unavailable | $606 | $588.57 | -6.1% | Oct 7, 2025 |
| Jefferies | Sheila Kahyaoglu | $550 | $463.6 | -14.8% | Oct 30, 2024 |
| Goldman Sachs | Noah Poponak | $488 | $436.61 | -24.4% | Sep 19, 2024 |
| Needham | James Ricchiuti | $455 | $362.5 | -29.5% | Apr 25, 2024 |
| Goldman Sachs | Noah Poponak | $495 | $402.49 | -23.3% | Aug 14, 2023 |
| Credit Suisse | Analyst unavailable | $503 | $419.8 | -22.1% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $488 | $405.69 | -24.4% | Dec 12, 2022 |
| Morgan Stanley | Analyst unavailable | $445 | $400 | -31.1% | Aug 16, 2022 |
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Start freeCompany context
Snapshot as of publicationTeledyne 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.…
Historical context
All TDY earningsTechnology peers this season
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Latest beats and misses
Who reports nextBeat on EPS
- VZFY2026 Q3 · October 26, 2026+3.1% EPS-3.5% move
- CXFY2026 Q3 · October 26, 2026+12.0% EPS-0.1% move
- CDNSFY2026 Q3 · October 26, 2026+2.9% EPS+1.8% move
- BAHFY2027 Q2 · October 23, 2026+18.9% EPS-0.3% move
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
Missed on EPS
- KOFFY2026 Q3 · October 26, 2026-9.0% EPS-1.9% move
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
Get the TDY recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-27T12:10:41.166529+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-27T12:10:41.163679+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-27. For educational purposes only; not investment advice.