TDY
Teledyne Technologies Inc (TDY) Q2 2026 Earnings Call Highlights: Record Sales and Earnings ...
Article Summary
HOLD- Teledyne Technologies Inc. (NYSE: TDY) reported record Q2 2026 results with record sales and earnings, with digital imaging revenue rising 12.7% overall and operating margin expanding 353 basis points to 25%, driven by strong demand in infrared detectors and systems for space, airborne, and marine unmanned systems.
- Teledyne Technologies maintained a robust backlog of approximately $5 billion, with orders exceeding sales for the 11th consecutive quarter, and raised its full-year EPS outlook by $0.55 at the midpoint, reflecting additional organic growth.
- Cash flow improved significantly, and free cash flow reached $284.7 million, up from $196.3 million in 2025, with leverage at its lowest level in six years and capital spending falling to $30.5 million.
- However, the Instrumentation segment reported a 5.5% decline in non-GAAP operating margin due to product mix, with the greatest sales growth coming from lower-margin autonomous underwater vehicles.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 7.7% | 25% | 35.0 ptsBelow Screener (7.7%) - Weak growth |
| EPS Growth Next 5Y ? | 8.6% | 25% | 20.0 ptsWeak (8.6%) - Low expectations |
| Target Price Upside ? | 14.2% | 20% | 50.0 ptsMeets Minimum (14.2%) - Target: $742.67 vs Current: $650.50 |
| Gross Margin % ? | 39.3% | 15% | 60.0 ptsSolid (39.3%) - Decent margins |
| Drawdown from 52-Wk High ? | -6.2% | 15% | 20.0 ptsBarely a Dip (-6.2%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About TDY
- Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Europe, Asia, and internationally.
- The Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectrum products, as well as micro-electromechanical systems and semiconductors, such as analog-to-digital and digital-to-analog converters.
- This segment offers cooled and uncooled infrared or thermal products, including sensors, camera cores, and camera systems; high-resolution, low-dose X-ray sensors, high-power microwave, and high-energy X-ray subsystems; and instruments for the measurement of physical properties and maritime products, as well as develops and manufactures multi-spectrum electro-optic/infrared imaging systems and associated products, such as lasers, optics, radars, CBRNE (chemical, biological, radiological, nuclear, and explosive) detectors, and unmanned air and ground systems.
- The Instrumentation segment provides monitoring, control, and electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.
- The Aerospace and Defense Electronics segment offers electronic and optical components and subsystems, data acquisition and communications components and equipment, harsh-environment interconnects, general aviation batteries and other components; and onboard avionics systems and ground-based applications, aircraft data and connectivity solutions, hardware systems, and software applications.
- The Engineered Systems segment provides systems engineering, integration and advanced technology development, and complex manufacturing solutions for defense, space, environmental, and energy applications; and designs and manufactures electrochemical energy systems and specialty electronics for military applications.
- The company was founded in 1960 and is headquartered in Thousand Oaks, California.