Teledyne Technologies (TYZ) AI Stock Analysis

Teledyne Technologies

(Frankfurt:TYZ)

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Action:N/A

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Positive Factors

Strong backlog and order momentumA $5.3 billion funded backlog and orders exceeding sales for 12 consecutive quarters provide durable revenue visibility. With about 72% of backlog expected to convert within 12 months, this supports planning confidence, capacity utilization, and continued sales momentum.

Negative Factors

Weakness in electronic test and measurementThe decline in electronic test and measurement sales exposes a weaker portion of the portfolio and may weigh on near-term segment growth. Management also does not expect the segment to return to 2025 margins in the fourth quarter, limiting consolidated margin recovery.

Teledyne Technologies (TYZ) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 30.51B
Dividend Yield: ―
Average Volume (3M): 48
Price to Earnings (P/E): 30.1
Beta (1Y): 0.48
Revenue Growth: 3.07%
EPS Growth: 20.60%
Country: Germany
Employees: 15,800
Sector: Technology
Sector Strength: 61
Industry: Hardware, Equipment & Parts

Teledyne Technologies Business Overview & Revenue Model

Company Description

Teledyne Technologies Incorporated develops and supplies advanced technologies primarily for industrial sectors experiencing growth, serving customers across the United States, Canada, the United Kingdom, Belgium, the Netherlands, and other internati...

Teledyne Technologies Earnings Call Summary

Earnings Call Date:Oct 20, 2026(Q3-2026)|% Change Since:8.30%|Next Earnings Date:Jan 26, 2027

Earnings Call SentimentPositive

The call was strongly positive. Teledyne reported record third-quarter sales and operating earnings, raised full-year sales and earnings guidance for the third consecutive quarter, delivered broad-based growth across its portfolio, expanded Digital Imaging margins, generated record quarterly free cash flow, and maintained a strong backlog and balance sheet. The main challenges were declines in electronic test and measurement sales, lower commercial aerospace sales, supply-related inflation and shortages, relatively flat Varex revenue, and uncertainty beyond 2027, but these issues were outweighed by the reported growth, bookings, guidance increases, and operating momentum.

Positive Updates

Record Third-Quarter Results and Raised 2026 Guidance

Management said third-quarter sales and operating earnings were the strongest in Teledyne's history. Full-year 2026 sales guidance was raised to $6.625 billion, an 8.3% year-over-year increase versus the $6.37 billion forecast in January, while non-GAAP earnings guidance was raised to $25.45 per share, $1.80 per share or almost 8% above the January forecast and a 16% increase compared with last year.

Negative Updates

Electronic Test and Measurement Sales Declined

Electronic test and measurement systems sales decreased 6.3% in the third quarter, due in part to the timing of orders. Instrumentation's non-GAAP operating margin decreased modestly because of product mix, and management did not expect the segment to return to 2025 margins in the fourth quarter.

Company Guidance

Management’s 2026 outlook is sales of $6.625 billion, a year over year increase of 8.3%, and non GAAP earnings of $25.45 per share, $1.80 per share or almost 8% higher than forecast in January and a 16% increase compared to last year; fourth quarter GAAP earnings per share are expected to be in the range of $5.68 to $5.83 and non GAAP earnings per share in the range of $6.60 to $6.70, while full year GAAP earnings per share are expected to be in the range of $21.71 to $21.87 and non GAAP earnings per share in the range of $25.40 to $25.50. Fourth quarter total company organic revenue growth is expected to be 7% to 8%, may be a little higher, and 8% is a good number; digital imaging revenue is expected to grow 10% organically, with 0.6 of acquisition, it is 10.6%, closer to 11%, with revenue around $2.5 billion, FLIR year-over-year growth of 12%, and full year digital imaging margin growth of 225 basis points; unmanned growth is expected to be 15% year over year, while the broader domain is expected to grow 11.3%-11.5%. For 2027, growth is expected to be better than low single digits, with Mid to higher single digits anticipated; digital imaging is projected at 5% to 8%, with higher single digit growth also described as a possibility.

Teledyne Technologies Risk Analysis

Teledyne Technologies disclosed 43 risk factors in its most recent earnings report. Teledyne Technologies reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

1 New Risk

1.There are no material changes to the risk factors previously disclosed in our 2025 Form 10-K in response to Item 1A. to Part I of Form 10-K. See also Part IQ2, 2026

Teledyne Technologies Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

DE:TYZ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KEYS	80Outperform	$52.30B	42.31	20.11%	―	25.54%	131.92%
FTV	73Outperform	$19.42B	30.77	10.62%	0.47%	-22.06%	19.92%
MKSI	73Outperform	$13.66B	30.89	15.83%	0.48%	16.23%	65.58%
CGNX	72Outperform	$9.45B	53.48	11.48%	0.61%	17.15%	45.49%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
COHR	55Neutral	$41.42B	48.35	8.37%	―	22.51%	―

* Technology Sector Average

Performance Comparison

DE:TYZ and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:TYZ	Teledyne	593.50	143.10	31.77%
CGNX	Cognex	56.15	14.72	35.53%
COHR	Coherent Corp.	210.32	78.32	59.33%
MKSI	Mks Inc.	202.04	57.18	39.47%
KEYS	Keysight Technologies Inc	307.20	121.02	65.00%
FTV	Fortive	65.23	15.35	30.78%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Teledyne Technologies AI Stock Analysis