Analyst Consensus ?
ConsensusBuy17 ratings
Bullish1270.6%
Neutral423.5%
Bearish15.9%
Teledyne Technologies Incorporated · TDY · FY2026 Q1 · Calendar Q2 2026
Teledyne raises 2026 outlook on record Q1 as imaging, defense drones drive growth
Teledyne entered 2026 with momentum: Q1 delivered record sales, EPS and operating margin, driven by long-cycle Digital Imaging (FLIR, space-based visible and infrared sensors), unmanned/defense systems and industrial machine-vision demand. Management described demand as resilient and raised full-year 2026 revenue guidance to $6.415B with an EPS midpoint of $24, an upgrade from the prior ~$6.37B revenue outlook. Order strength (book-to-bill 1.16, the tenth straight quarter above 1.0) supports conversion visibility, and disciplined capital deployment — lower leverage and continued tuck-in M&A — underpins the plan. The main offsets are short-cycle test & measurement weakness, FX headwinds, higher inventory pressuring cash flow, and near-term tax-benefit timing; the stock also drifted ~6.5% lower in the weeks following the report despite the beat. Net assessment: a supportive backdrop for…
Reported Before market openNYSETechnology
$28.37B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$5.80
Consensus $5.47
EPS surprise
+6.0%
Reported versus consensus
Reported revenue
$1.56B
Consensus $1.52B
Revenue surprise
+3.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.2%
Event window
SPY move
+1.0%
Same window
Abnormal move
+1.1%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
-6.5%
Up to 20 sessions
TDYSPY benchmark
Ask FN2 about TDY FY2026 Q1
Transcript, numbers and history already loaded
Why did TDY rise 2.2% after beating EPS estimates in FY2026 Q1?What changed in TDY's guidance and outlook in FY2026 Q1?Give me the bull and bear case for TDY after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Q1 2026 beat consensus — EPS of $5.80 versus $5.47 expected (+6.0%) and revenue of $1.560B versus $1.515B estimated (+3.0%). Management raised 2026 revenue guidance to $6.415B (from a prior ~$6.37B outlook) with a $24 EPS midpoint. Capex jumped ~35% YoY to $29.7M, leverage fell to a five-year low, and book-to-bill of 1.16 marked the tenth consecutive quarter above 1.0.
Guidance delta
Raised. Full-year 2026 revenue guidance was lifted to $6.415B (from a prior ~$6.37B outlook) and the EPS midpoint increased to $24, reflecting stronger-than-expected demand in Digital Imaging, unmanned systems and defense, with capex and R&D raised to address capacity constraints. Guidance sentiment: raised; management tone: confident.
Key takeaways
- Record Q1 sales, EPS and operating margin, with revenue up 7.6% and non-GAAP EPS up 17.2% year over year
- Beat consensus: EPS of $5.80 vs $5.47 estimated (+6.0%) and revenue of $1.560B vs $1.515B estimated (+3.0%)
- 2026 guidance raised to $6.415B revenue and a $24 EPS midpoint; guidance sentiment raised, tone confident
- Demand strength concentrated in Digital Imaging (FLIR infrared, space-based sensors) and defense drones/counter-drone systems
- Capex up ~35% YoY to $29.7M with higher R&D to expand capacity; leverage at a five-year low
- Book-to-bill of 1.16 marked the tenth consecutive quarter above 1.0, supporting order visibility
Management priorities
- Continue strategic tuck-in and midsize acquisitions
- Invest further in capex and R&D to increase production capacity
- Expand unmanned air, ground and subsea systems (Black Hornet, Rogue 1)
- Capitalize on space tranche programs such as Golden Dome
- Maintain strong backlog conversion through 2026
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$614.15Current
$465Low
$676.92Average
$830High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 26, 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 $614.15. 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 | +23.7% | Sep 15, 2026 |
| Morgan Stanley | Analyst unavailable | $715 | $686.49 | +16.4% | Aug 13, 2026 |
| Jefferies | Sheila Kahyaoglu | $830 | $655.35 | +35.1% | Jul 26, 2026 |
| Barclays | Analyst unavailable | $640 | $651.22 | +4.2% | Jul 24, 2026 |
| Stifel Nicolaus | Jonathan Siegmann | $775 | $662.6 | +26.2% | Jul 23, 2026 |
| Needham | James Ricchiuti | $750 | $650.5 | +22.1% | Jul 23, 2026 |
| Goldman Sachs | Analyst unavailable | $465 | $652.08 | -24.3% | Jul 6, 2026 |
| Jefferies | Greg Konrad | $775 | $640.33 | +26.2% | May 3, 2026 |
| Barclays | Analyst unavailable | $614 | $651.75 | -0.0% | Apr 24, 2026 |
| Stifel Nicolaus | Analyst unavailable | $750 | $660.81 | +22.1% | Apr 23, 2026 |
| Jefferies | Analyst unavailable | $770 | $672.97 | +25.4% | Feb 23, 2026 |
| Stifel Nicolaus | Jonathan Siegmann | $720 | $628.76 | +17.2% | Jan 22, 2026 |
| Barclays | Analyst unavailable | $599 | $621.79 | -2.5% | Jan 22, 2026 |
| Barclays | Guy Hardwick | $579 | $549.02 | -5.7% | Jan 12, 2026 |
| Needham | Analyst unavailable | $615 | $543.45 | +0.1% | Oct 23, 2025 |
| Stifel Nicolaus | Analyst unavailable | $645 | $543.73 | +5.0% | Oct 23, 2025 |
| Barclays | Analyst unavailable | $584 | $543.73 | -4.9% | Oct 23, 2025 |
| Morgan Stanley | Analyst unavailable | $620 | $571.93 | +1.0% | Oct 15, 2025 |
| Barclays | Analyst unavailable | $606 | $588.57 | -1.3% | Oct 7, 2025 |
| Jefferies | Sheila Kahyaoglu | $550 | $463.6 | -10.4% | Oct 30, 2024 |
| Goldman Sachs | Noah Poponak | $488 | $436.61 | -20.5% | Sep 19, 2024 |
| Needham | James Ricchiuti | $455 | $362.5 | -25.9% | Apr 25, 2024 |
| Goldman Sachs | Noah Poponak | $495 | $402.49 | -19.4% | Aug 14, 2023 |
| Credit Suisse | Analyst unavailable | $503 | $419.8 | -18.1% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $488 | $405.69 | -20.5% | Dec 12, 2022 |
| Morgan Stanley | Analyst unavailable | $445 | $400 | -27.5% | 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
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
Latest beats and misses
Who reports nextBeat on EPS
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-25T23:51:07.354236+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-25T23:51:07.351491+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 2026-09-25. For educational purposes only; not investment advice.