Teledyne Technologies' Q2 adj EPS beats estimates, raises FY outlook
TDY•What drove the quarter
- DIGITAL IMAGING GROWTH - Co said organic growth was strongest in Digital Imaging, with higher sales of infrared detectors and systems for space, airborne, and marine unmanned systems, as well as counter unmanned applications
- FAVORABLE PRODUCT MIX AND TARIFF REFUNDS - Higher operating income reflected increased net sales, favorable product mix, and tariff refunds, partly offset by higher R&D expense and inventory reserves
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell". The average consensus recommendation for the electronic equipment & parts peer group is "buy". Wall Street's median 12-month price target for Teledyne Technologies Inc is $750.00, about 15.8% above its July 21 closing price of $647.48. The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 25 three months ago.
Q2 results beat expectations
- U.S. industrial technology firm's Q2 revenue rose 9.8%, beating analyst expectations
- Adjusted EPS for Q2 increased 20.8%, beating analyst expectations
- Company raised full-year 2026 earnings outlook
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Sales | Beat | $1.66 bln | $1.58 bln (10 Analysts) |
| Q2 Adjusted EPS | Beat | $6.28 | $5.80 (10 Analysts) |
| Q2 EPS | $5.37 |
