Needham maintains Buy rating on Teledyne Technologies, $775 price target

Teledyne Technologies reported Q3 2026 revenue of $1.68B, net income of $272.8M, and EPS of $5.82, with year-over-year growth of 9.4%, 23.5%, and 25.2% respectively. All four segments saw sales increases, with Digital Imaging leading growth at 15.0%. The company is investing $140M to mitigate tariff and supply-chain risks.

Stifel increased its price target for Teledyne Technologies (NYSE:TDY) to $795, citing strong earnings driven by Digital Imaging growth. Revenue and margins exceeded expectations, with organic growth at 8.7% and margins at 23.9%. Management raised full-year guidance for the third consecutive quarter. The stock has a market cap of $29.21 billion and a P/E ratio of 30.34.

Teledyne Technologies (TDY) reported Q3 2026 earnings, highlighting record sales and raised guidance. Instrumentation and aerospace segments saw modest growth, while Digital Imaging accelerated. Supply chain issues and inflation persist, but price increases mitigate costs. The Varex acquisition may initially reduce revenue. Backlog stands at $5.3B, with 72% convertible to revenue in the next 12 months. Management expects mid-single-digit growth into 2027, with uncertainty beyond.

Teledyne Technologies reported record Q3 2026 sales and earnings, driven by strong execution in Digital Imaging. Organic growth in this segment reached 14.3%, with a 25% increase in infrared detectors. The company raised full-year revenue guidance to $6.625 billion and announced a pending acquisition of Varex, expected to close in early 2027. Management highlighted robust free cash flow, strategic stock repurchases, and margin expansion.

Teledyne Technologies (TDY) shares fell 0.04% to $631.94 despite reporting record Q3 2026 sales, operating profit, and adjusted EPS of $6.72, beating estimates. Revenue was $1.68B, topping forecasts. The company raised its full-year 2026 EPS guidance to $25.40–$25.50. The stock's muted reaction may reflect already high expectations and pending acquisition of Varex Imaging for $1.1B.

Teledyne (TDY) reported Q3 2026 earnings, highlighting strong backlog execution, robust free cash flow, and $224.6M in stock repurchases at $607/share. The company anticipates closing the Varex acquisition in early 2027. Digital Imaging sales rose 14.3%, while Instrumentation saw a 1.9% increase. Aerospace and Defense Electronics grew 4.3%, and Engineered Systems revenue increased 7.8%. GAAP EPS is projected between $5.68-$5.83 for Q4 2026 and $21.71-$21.87 for the full year.