Teledyne Technologies Incorporated · TDY · FY2025 Q4 · Calendar Q1 2026

Teledyne posts record Q4 results as long-cycle demand leads growth

The supplied analysis supports a constructive but conditional view: resilient long-cycle demand and continued investment can support growth, but the case depends on organic expansion, sustained digital-imaging margins, disciplined acquisitions, and stable short-cycle demand.

Reported Before market openNYSETechnology $28.13B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $6.30 Consensus $5.83
EPS surprise +8.1% Reported versus consensus
Reported revenue $1.61B Consensus $1.57B
Revenue surprise +2.7% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +9.8% Event window
SPY move +1.2% Same window
Abnormal move +8.7% Stock minus SPY
Volume 3.1× Versus trailing sessions
Subsequent drift +7.2% Up to 20 sessions
TDYSPY benchmark

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Transcript intelligence

What changed

The current analysis shifts the emphasis from the prior quarter's raised outlook and shutdown-related uncertainty to a maintained 2026 outlook, record Q4 performance, broader long-cycle demand, and increased capital deployment. It also adds Didi Scientific, KeyOptik, and MicroPak acquisitions and identifies memory-cost inflation and acquisition discipline as central watchpoints.

Guidance delta

Maintained: the supplied analysis describes a 2026 revenue outlook of about $6.37 billion, with earnings consistent with consensus and organic growth of roughly 3.5%–4%.

Key takeaways

  • Long-cycle businesses, including digital imaging, marine instrumentation, and aerospace and defense electronics, drove record quarterly orders, sales, and non-GAAP earnings.
  • Management highlighted unmanned systems, gas-sensor consumables, space-based infrared detectors, and defense contracts as growth drivers.
  • Strong free cash flow supported acquisitions and repurchases, while short-cycle demand, component costs, and acquisition execution remain key watchpoints.

Management priorities

  • Pursue disciplined strategic acquisitions while maintaining balance-sheet flexibility.
  • Increase capital expenditure and R&D for gas sensors, unmanned vehicles, and infrared technologies.
  • Expand participation in defense programs, including loitering munitions and satellite tracking-layer contracts.

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Earnings History

Estimate Beat Miss Match
TDY EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q1 '24 estimate $4.63 Q1 '24 actual $4.55, miss Q2 '24 estimate $4.50 Q2 '24 actual $4.58, beat Q3 '24 estimate $4.97 Q3 '24 actual $5.10, beat Q2 '25 estimate $5.05 Q2 '25 actual $5.20, beat Q3 '25 estimate $5.47 Q3 '25 actual $5.57, beat Q4 '25 estimate $5.83 Q4 '25 actual $6.30, beat Q1 '26 estimate $5.47 Q1 '26 actual $5.80, beat Q2 '26 estimate $5.79 Q2 '26 actual $6.28, beat Q3 '26 estimate $6.16 Q4 '26 estimate $6.50 Q1 '27 estimate $6.12 Q2 '27 estimate $6.73
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Analyst Consensus ?

ConsensusBuy17 ratings
Bullish1270.6%
Neutral423.5%
Bearish15.9%

Analyst 52W Price Targets

$606.81Current
$465Low
$676.92Average
$830High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 1, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Needham Buy BuyMaintainSep 15, 2026
Morgan Stanley Equal Weight Equal WeightMaintainAug 13, 2026
Barclays Equal Weight Equal WeightMaintainJul 24, 2026
Stifel Buy BuyMaintainJul 23, 2026
Citigroup Neutral NeutralMaintainJul 1, 2026
Jefferies Buy BuyMaintainFeb 23, 2026
UBS Buy BuyMaintainJul 24, 2025
TD Securities Buy BuyMaintainApr 24, 2025
B of A Securities Buy BuyMaintainMar 17, 2025
TD Cowen Buy BuyMaintainOct 24, 2024
Goldman Sachs Buy NeutralUpgradeAug 14, 2023
Credit Suisse Outperform OutperformMaintainJul 27, 2023
Cowen & Co. Outperform OutperformMaintainJul 30, 2021
CL King Neutral BuyDowngradeJul 6, 2016
KeyBanc Underweight HoldDowngradeJan 15, 2015
Stifel Nicolaus Buy BuyMaintainOct 21, 2013
Drexel Hamilton Buy HoldUpgradeJul 12, 2013
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Named analyst price targets

Upside is calculated against the persisted current price $606.81. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
NeedhamAnalyst unavailable$760$597.11 +25.2%Sep 15, 2026
Morgan StanleyAnalyst unavailable$715$686.49 +17.8%Aug 13, 2026
JefferiesSheila Kahyaoglu$830$655.35 +36.8%Jul 26, 2026
BarclaysAnalyst unavailable$640$651.22 +5.5%Jul 24, 2026
Stifel NicolausJonathan Siegmann$775$662.6 +27.7%Jul 23, 2026
NeedhamJames Ricchiuti$750$650.5 +23.6%Jul 23, 2026
Goldman SachsAnalyst unavailable$465$652.08 -23.4%Jul 6, 2026
JefferiesGreg Konrad$775$640.33 +27.7%May 3, 2026
BarclaysAnalyst unavailable$614$651.75 +1.2%Apr 24, 2026
Stifel NicolausAnalyst unavailable$750$660.81 +23.6%Apr 23, 2026
JefferiesAnalyst unavailable$770$672.97 +26.9%Feb 23, 2026
Stifel NicolausJonathan Siegmann$720$628.76 +18.7%Jan 22, 2026
BarclaysAnalyst unavailable$599$621.79 -1.3%Jan 22, 2026
BarclaysGuy Hardwick$579$549.02 -4.6%Jan 12, 2026
NeedhamAnalyst unavailable$615$543.45 +1.3%Oct 23, 2025
Stifel NicolausAnalyst unavailable$645$543.73 +6.3%Oct 23, 2025
BarclaysAnalyst unavailable$584$543.73 -3.8%Oct 23, 2025
Morgan StanleyAnalyst unavailable$620$571.93 +2.2%Oct 15, 2025
BarclaysAnalyst unavailable$606$588.57 -0.1%Oct 7, 2025
JefferiesSheila Kahyaoglu$550$463.6 -9.4%Oct 30, 2024
Goldman SachsNoah Poponak$488$436.61 -19.6%Sep 19, 2024
NeedhamJames Ricchiuti$455$362.5 -25.0%Apr 25, 2024
Goldman SachsNoah Poponak$495$402.49 -18.4%Aug 14, 2023
Credit SuisseAnalyst unavailable$503$419.8 -17.1%Dec 13, 2022
Morgan StanleyAnalyst unavailable$488$405.69 -19.6%Dec 12, 2022
Morgan StanleyAnalyst unavailable$445$400 -26.7%Aug 16, 2022
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Company context

Snapshot as of publication

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.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
  3. Polygon adjusted daily market bars · 2026-10-01T04:01:33.696949+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-01T04:01:33.694236+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 2026-10-01. For educational purposes only; not investment advice.