| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 32 | 29.1x | 17.6x | Bottom tier | |
Growth | 48 | 7.9% | 7.1% | Around median | |
Quality | 62 | 7.6% | 4.5% | Around median | |
Safety | 86 | 0.9x | 2.6x | Top tier | |
Capital Return | 85 | — | 2.15% | Top tier | |
Momentum | 58 | 19.8% | 2.3% | Around median | |
Sentiment | 37 | 8 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Teledyne Technologies operates through four segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems. It generates revenue from the sale of precision sensors and instruments covering a broad spectrum from X-rays to infrared, as well as transducers and ultrasonic and acoustic systems, and then integrates some of these technologies into proprietary systems and platforms including aircraft, unmanned marine vehicles, counter-drone systems, and autonomous underwater vehicles. This model serves defense, space, healthcare, safety, energy, machine vision, and test and measurement applications, with defense contributing about 30% to 35% of sales and commercial activities contributing about 65%.
In Q2 fiscal 2026, Teledyne recorded revenue of $1.7 billion, gross profit of $738.1 million, net income of $251.7 million, and earnings per share of $5.37; these figures represent a gross margin of approximately 43.4% and a net income margin of approximately 14.8%. According to the earnings call, sales increased 9.8% and non-GAAP earnings increased 20.8%, while company-wide operating margin reached 23.4% and the combined segment margin reached 25.1%. Data for the twelve months ended in 2026 also showed revenue of $6.4 billion and net income of $974.8 million, compared with previous readings of $6.1 billion and $846.0 million, respectively.
Digital Imaging led operating performance in Q2 fiscal 2026, with sales growing 12.7% and 11.9% organically, while its non-GAAP operating margin increased 353 basis points to 25%. Instrumentation sales increased 5.5%, Aerospace and Defense Electronics 8.2%, and Engineered Systems 8.4%, while the Engineered Systems margin increased 166 basis points. These results supported operating cash flow of $315.2 million and free cash flow of $284.7 million, compared with $226.6 million and $196.3 million in the corresponding quarter of fiscal 2025.
The average analyst target is $695.83, close to the 52-week range high of $697.67, while the target range extends from $465 to $830 and indicates substantial divergence in value estimates despite the Buy consensus. Justifying the upper end of the range depends on converting the backlog of about $5 billion into revenue and achieving the non-GAAP earnings per share forecast of $24.45–$24.65 for fiscal 2026, while the lower bounds reflect supply risks, slowing growth after Q2, margin sensitivity, and execution risks related to the Varex transaction.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
On July 22, 2026, management raised its annual revenue forecast by $120 million to more than $6.53 billion, representing growth of just under 7%. Momentum comes from Digital Imaging, which grew 12.7% in Q2 fiscal 2026, accelerating defense sales, and a recovery in machine vision and healthcare. The company expects annual growth of approximately 7.5% for Digital Imaging, 5.7% for Instrumentation, 7.2% for Aerospace and Defense Electronics, and 5.6% for Engineered Systems.
Teledyne expects unmanned systems revenue to increase from about $500 million in fiscal 2025 to approximately $575 million in fiscal 2026, or about 12%. The portfolio includes aircraft, ground vehicles, and underwater vehicles, as well as sensors and cameras for unmanned surface marine platforms. Products mentioned include Black Hornet 4, while sales of unmanned underwater vehicles and maritime defense applications increased, particularly in the United Kingdom and Europe.
Revenue reached $1.7 billion, gross profit $738.1 million, and net income $251.7 million, with earnings per share of $5.37. Sales increased 9.8%, non-GAAP earnings increased 20.8%, and company-wide operating margin reached 23.4%. Operating cash flow also increased to $315.2 million and free cash flow to $284.7 million, compared with $226.6 million and $196.3 million in the corresponding quarter of fiscal 2025.
Automated analysis for informational purposes only — not investment advice.
On August 11, 2026, Teledyne announced a definitive agreement to acquire Varex Imaging for $18.90 per share in cash, for a total value of approximately $1.1 billion including net debt. The transaction aims to expand the X-ray imaging components portfolio and strengthen the company’s presence in healthcare equipment and specialized imaging. Varex reported earnings per share of $0.31 in Q3 2026, exceeding expectations of $0.21, but its revenue of $210.50 million fell short of expectations of $215.50 million.
Management explained that annual revenue exceeding $1 billion depends on germanium and rare-earth magnets, making supply disruptions a risk to production and delivery. It also expects tougher comparisons in Q4 fiscal 2026 and is monitoring oil price volatility, proposed tariffs, and the effects of trade with China on certain life sciences markets. At the margin level, autonomous underwater vehicles carry lower margins than some Instrumentation products, while tariff recoveries contributed about 120 basis points to the Digital Imaging margin during Q2.
Management expects GAAP earnings per share of between $20.73 and $20.99 and non-GAAP earnings per share of between $24.45 and $24.65 in fiscal 2026. The average analyst target is $695.83 within a wide range of $465 to $830, compared with a 52-week range of $483.02 to $697.67. The proximity of the average target to the 52-week range high places significant weight on delivering the growth and margin forecasts, while the breadth of the target range reflects fundamental differences in assessing supply risks, the Varex transaction, and the growth trajectory after Q2.
