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.
Earnings scorecard
Reported versus consensusMarket reaction
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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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Analyst 52W Price Targets
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.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Needham | Buy | Buy | Maintain | Sep 15, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 13, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 24, 2026 |
| Stifel | Buy | Buy | Maintain | Jul 23, 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 current price $606.81. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Needham | Analyst unavailable | $760 | $597.11 | +25.2% | Sep 15, 2026 |
| Morgan Stanley | Analyst unavailable | $715 | $686.49 | +17.8% | Aug 13, 2026 |
| Jefferies | Sheila Kahyaoglu | $830 | $655.35 | +36.8% | Jul 26, 2026 |
| Barclays | Analyst unavailable | $640 | $651.22 | +5.5% | Jul 24, 2026 |
| Stifel Nicolaus | Jonathan Siegmann | $775 | $662.6 | +27.7% | Jul 23, 2026 |
| Needham | James Ricchiuti | $750 | $650.5 | +23.6% | Jul 23, 2026 |
| Goldman Sachs | Analyst unavailable | $465 | $652.08 | -23.4% | Jul 6, 2026 |
| Jefferies | Greg Konrad | $775 | $640.33 | +27.7% | May 3, 2026 |
| Barclays | Analyst unavailable | $614 | $651.75 | +1.2% | Apr 24, 2026 |
| Stifel Nicolaus | Analyst unavailable | $750 | $660.81 | +23.6% | Apr 23, 2026 |
| Jefferies | Analyst unavailable | $770 | $672.97 | +26.9% | Feb 23, 2026 |
| Stifel Nicolaus | Jonathan Siegmann | $720 | $628.76 | +18.7% | Jan 22, 2026 |
| Barclays | Analyst unavailable | $599 | $621.79 | -1.3% | Jan 22, 2026 |
| Barclays | Guy Hardwick | $579 | $549.02 | -4.6% | Jan 12, 2026 |
| Needham | Analyst unavailable | $615 | $543.45 | +1.3% | Oct 23, 2025 |
| Stifel Nicolaus | Analyst unavailable | $645 | $543.73 | +6.3% | Oct 23, 2025 |
| Barclays | Analyst unavailable | $584 | $543.73 | -3.8% | Oct 23, 2025 |
| Morgan Stanley | Analyst unavailable | $620 | $571.93 | +2.2% | Oct 15, 2025 |
| Barclays | Analyst unavailable | $606 | $588.57 | -0.1% | Oct 7, 2025 |
| Jefferies | Sheila Kahyaoglu | $550 | $463.6 | -9.4% | Oct 30, 2024 |
| Goldman Sachs | Noah Poponak | $488 | $436.61 | -19.6% | Sep 19, 2024 |
| Needham | James Ricchiuti | $455 | $362.5 | -25.0% | Apr 25, 2024 |
| Goldman Sachs | Noah Poponak | $495 | $402.49 | -18.4% | Aug 14, 2023 |
| Credit Suisse | Analyst unavailable | $503 | $419.8 | -17.1% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $488 | $405.69 | -19.6% | Dec 12, 2022 |
| Morgan Stanley | Analyst unavailable | $445 | $400 | -26.7% | 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
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-01T04:01:33.696949+00:00
- 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.