Upside case
Bull case
$1077+67.2%
TDY would need investors to value it at roughly 45x earnings — about 18x more generous than today's 27x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Teledyne Technologies Incorporated (TDY) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
18
analysts
12 bullish · 2 bearish · 18 covering TDY
Strong Buy
0
Buy
12
Hold
4
Sell
2
Strong Sell
0
Consensus Target
$711
+10.4% vs today
Scenario Range
$403 – $1077
Model bear to bull value window
Coverage
18
Published analyst ratings
Valuation Context
26.8x
Forward P/E · Market cap $29.8B
TDY price targets
Three scenarios for where TDY stock could go
Current
~$644
Confidence
64 / 100
Updated
May 1, 2026
Where we are now
Current · $644
Bear
$403
Base
$850
Bull
$1077
Market caseClosest to today
Base case
$850+32.0%
At 35x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$403-37.4%
If investor confidence fades or macro conditions deteriorate, a 10x multiple contraction could push TDY down roughly 37% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Teledyne Technologies Incorporated
TDY · NYSETechnologyHardware, Equipment & PartsDecember year-end
Teledyne Technologies is a diversified technology company that develops and manufactures enabling technologies for industrial growth markets. It generates revenue through three main segments: instrumentation (~40% of sales), digital imaging (~35%), and aerospace and defense electronics (~25%). The company's competitive advantage lies in its deep domain expertise across niche, high-margin industrial markets and its ability to cross-sell complementary technologies to a diverse customer base.
Market Cap
$29.8B
Revenue TTM
$6.3B
Net Income TTM
$950M
Net Margin
15.1%
TDY Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
92%Exceptional
12 quarters tracked
Revenue Beat Rate
75%Exceptional
vs consensus estimates
Avg EPS Surprise
+3.5%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$5.20/$5.05
Revenue
$1.5B/$1.5B
Q4 2025
EPS
$5.57/$5.47
Revenue
$1.5B/$1.5B
Q1 2026
EPS
$6.30/$5.83
Revenue
$1.6B/$1.6B
Q2 2026
EPS
$5.80/$5.48
Revenue
$1.6B/$1.5B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $5.20/$5.05 | +3.0% | $1.5B/$1.5B | +2.6% |
| Q4 2025 | $5.57/$5.47 | +1.8% | $1.5B/$1.5B | +0.8% |
| Q1 2026 | $6.30/$5.83 | +8.1% | $1.6B/$1.6B | +2.7% |
| Q2 2026 | $5.80/$5.48 | +5.8% | $1.6B/$1.5B | +3.0% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$6.7B
+6.9% YoY
FY2
$7.2B
+7.8% YoY
EPS Outlook
FY1
$22.84
+12.5% YoY
FY2
$24.92
+9.1% YoY
Trailing FCF (TTM)$1.1B
FCF Margin: 16.9%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
TDY beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
TDY Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $6.1B
Product Mix
Latest annual revenue by segment or product family
Digital Imaging
51.7%
+3.0% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Europe
52.0%
+12.6% YoY
Tap, hover, or focus a slice to inspect segment detail.
Digital Imaging is the largest disclosed segment at 51.7% of FY 2025 revenue, up 3.0% YoY.
Europe is the largest reported region at 52.0%, up 12.6% YoY.
TDY Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly Undervalued
Fair value est. $719 — implies +12.3% from today's price.
Upside to Fair Value
12.3%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
TDY
34.1x
vs
S&P 500
25.2x
+35% premium
vs Technology Trailing P/E
TDY
34.1x
vs
Technology
27.5x
+24% premium
vs TDY 5Y Avg P/E
Today
34.1x
vs
5Y Average
29.3x
+16% premium
Forward PE
26.8x
S&P 500
19.1x
+40%
Technology
21.7x
+23%
5Y Avg
—
—
Trailing PE
34.1x
S&P 500
25.2x
+35%
Technology
27.5x
+24%
5Y Avg
29.3x
+16%
PEG Ratio
2.79x
S&P 500
1.75x
+60%
Technology
1.47x
+90%
5Y Avg
—
—
EV/EBITDA
21.6x
S&P 500
15.3x
+42%
Technology
17.4x
+24%
5Y Avg
19.0x
+14%
Price/FCF
27.8x
S&P 500
21.3x
+30%
Technology
19.8x
+40%
5Y Avg
29.6x
-6%
Price/Sales
4.9x
S&P 500
3.1x
+56%
Technology
2.4x
+102%
5Y Avg
3.9x
+25%
Dividend Yield
—
S&P 500
1.88%
—
Technology
1.18%
—
5Y Avg
—
—
| Metric | TDY | S&P 500 | Technology | 5Y Avg TDY |
|---|---|---|---|---|
| Forward PE | 26.8x | 19.1x+40% | 21.7x+23% | — |
| Trailing PE | 34.1x | 25.2x+35% | 27.5x+24% | 29.3x+16% |
| PEG Ratio | 2.79x | 1.75x+60% | 1.47x+90% | — |
| EV/EBITDA | 21.6x | 15.3x+42% | 17.4x+24% | 19.0x+14% |
| Price/FCF | 27.8x | 21.3x+30% | 19.8x+40% | 29.6x |
| Price/Sales | 4.9x | 3.1x+56% | 2.4x+102% | 3.9x+25% |
| Dividend Yield | — | 1.88% | 1.18% | — |
TDY trades above S&P 500 benchmarks on 6 of 6 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolTDY Financial Health
Verdict
Strong
TDY generates $1.1B in free cash flow at a 16.9% margin — returns 1.4% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$6.3B
Revenue Growth
TTM vs prior year
+6.1%
Gross Margin
Gross profit as a share of revenue
37.7%
Operating Margin
Operating income divided by revenue
19.1%
Net Margin
Net income divided by revenue
15.1%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$20.30
Free Cash Flow (TTM)
Cash generation after capex
$1.1B
FCF Margin
FCF as share of revenue — the primary cash quality signal
16.9%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
7.0%
ROA
Return on assets, trailing twelve months
6.2%
Cash & Equivalents
Liquid assets on the balance sheet
$352M
Net Debt
Total debt minus cash
$2.3B
Debt Serviceability
Net debt as a multiple of annual free cash flow
2.2× FCF
~2.2 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
8.9%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
1.4%
Dividend
—
Buyback
1.4%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$403M
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Declining as buybacks retire shares
46M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageTDY Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Business Growth & Demand Plateau
Teledyne's core businesses are experiencing a plateau in demand, with no organic revenue growth in the last two years. Decelerating industrial activity and uncertain government spending further threaten revenue expansion, while restructuring costs could erode margins.
Medium
Financial & Corporate Volatility
The company faces 12 identified financial risks, representing 29% of its total risk profile, including share price volatility, analyst expectation shifts, and competitor actions. Its ability to raise capital and generate cash flow is critical, especially as higher interest rates may dampen customer spending.
Medium
Supply Chain & Obsolescence
Teledyne risks counterfeit parts and product obsolescence, which could be exacerbated by supply chain shortages. These issues threaten component availability and could increase warranty costs and production delays.
Medium
Taxation Impact
Changes in U.S. taxation of foreign income and higher overall tax rates could negatively affect Teledyne's operations and cash flow. The company must monitor tax policy shifts that could increase its effective tax burden.
Lower
Valuation Concerns
Teledyne's current P/E ratio exceeds its historical average and the U.S. Electronic industry average, suggesting the stock may be priced at a premium. This valuation premium could limit upside potential if earnings growth stalls.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why TDY Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Robust Financial Growth
Teledyne posted 7.3% year‑over‑year revenue growth in Q4, 12% YoY free cash flow increase in Q3 to $339.2 million, and earnings per share rose 38.8%. These metrics underscore a solid earnings trajectory.
Aerospace & Defense Expansion
The Aerospace & Defense Electronics segment grew 38% YoY, driven by new defense, marine, and space contracts. This positions Teledyne in high‑demand, high‑margin sectors.
Bullish Analyst Consensus
Consensus ratings are predominantly "Buy" or "Strong Buy", with 12‑month price targets ranging from $665.88 to $701.85. Recent upgrades reflect growing analyst confidence.
Institutional Buying Momentum
The stock has reached record highs and seen significant net buying over the past year, indicating strong market tailwind. Institutional accumulation supports upward price momentum.
Innovation in Autonomy Software
Upgrades to Prism SKR autonomy software are redefining mission execution for guided systems and are integral to NASA's Artemis II mission. This showcases Teledyne’s ongoing technological leadership.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
TDY Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$644.13
52W Range Position
78%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$471.96
+36.5% from the low
52-Week High
$693.38
-7.1% from the high
1 Month
+1.92%
3 Month
-0.53%
YTD
+24.2%
1 Year
+35.3%
3Y CAGR
+15.9%
5Y CAGR
+8.2%
10Y CAGR
+21.2%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
TDY vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
26.8x
vs 18.4x median
+45% above peer median
Revenue Growth
+6.9%
vs +5.0% median
+38% above peer median
Net Margin
15.1%
vs 8.2% median
+85% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
TDY TDY Teledyne Technologies Incorporated | $29.8B | 26.8x | +6.9% | 15.1% | Buy | +10.4% |
HII HII Huntington Ingalls Industries, Inc. | $12.6B | 18.4x | +4.9% | 4.7% | Hold | +31.4% |
TXT TXT Textron Inc. | $16.2B | 14.4x | +5.0% | 6.1% | Hold | +11.5% |
LDO LDOS Leidos Holdings, Inc. | $17.0B | 11.4x | +2.7% | 8.2% | Buy | +51.2% |
HEI HEI HEICO Corporation | $25.0B | 52.8x | +14.4% | 15.4% | Buy | +25.2% |
CW CW Curtiss-Wright Corporation | $27.4B | 49.3x | +11.0% | 13.8% | Buy | -4.6% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
TDY Dividend and Capital Return
TDY returns 1.4% annually — null% through dividends and 1.4% through buybacks.
Dividend UnknownFCF Unknown
Total Shareholder Yield
1.4%
Dividend + buyback return per year
Buyback Yield
1.4%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.00
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
—
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
—
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$403M
Estimated Shares Retired
625.5K
Approx. Share Reduction
1.4%
Shares Outstanding
Current diluted share count from the screening snapshot
46M
At 1.4%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
FAQ
7 questionsTDY Investor Questions
Common questions answered from live analyst data and company financials.
01Is Teledyne Technologies Incorporated (TDY) stock a buy or sell in 2026?
Teledyne Technologies Incorporated (TDY) is rated Buy by Wall Street analysts as of 2026. Of 18 analysts covering the stock, 12 rate it Buy or Strong Buy, 4 rate it Hold, and 2 rate it Sell or Strong Sell. The consensus 12-month price target is $711, implying +10.4% from the current price of $644. The bear case scenario is $403 and the bull case is $1077.
02What is the TDY stock price target for 2026?
The Wall Street consensus price target for TDY is $711 based on 18 analyst estimates. The high-end target is $770 (+19.5% from today), and the low-end target is $614 (-4.7%). The base case model target is $850.
03Is Teledyne Technologies Incorporated (TDY) stock overvalued in 2026?
TDY trades at 26.8x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals slightly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Teledyne Technologies Incorporated (TDY) stock in 2026?
The primary risks for TDY in 2026 are: (1) Business Growth & Demand Plateau — Teledyne's core businesses are experiencing a plateau in demand, with no organic revenue growth in the last two years. (2) Financial & Corporate Volatility — The company faces 12 identified financial risks, representing 29% of its total risk profile, including share price volatility, analyst expectation shifts, and competitor actions. (3) Supply Chain & Obsolescence — Teledyne risks counterfeit parts and product obsolescence, which could be exacerbated by supply chain shortages. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Teledyne Technologies Incorporated's revenue and earnings forecast?
Analyst consensus estimates TDY will report consensus revenue of $6.7B (+6.9% year-over-year) and EPS of $22.84 (+12.5% year-over-year) for the upcoming fiscal year. The following year, analysts project $7.2B in revenue.
06When does Teledyne Technologies Incorporated (TDY) report its next earnings?
A confirmed upcoming earnings date for TDY is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Teledyne Technologies Incorporated generate?
Teledyne Technologies Incorporated (TDY) generated $1.1B in free cash flow over the trailing twelve months — a free cash flow margin of 16.9%. TDY returns capital to shareholders through and share repurchases ($403M TTM).