Teledyne Technologies stock holds near $666 after Varex deal
Published on 08/19/2026 at 13:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Teledyne Technologies Inc. (ISIN US8793601050) traded at $666.39 on August 18, 2026 after the company agreed to buy Varex Imaging in a $1.1 billion all-cash deal and after a July 22 quarter that produced $6.28 in adjusted EPS on $1.66 billion of revenue.
The shares were down $10.88, or 1.61%, in the latest MarketBeat quote snapshot, while the same page put Teledyne's market capitalization at $30.89 billion and its 52-week range at $483.02 to $697.67.
Deal size sets the tone
The Varex transaction gives Teledyne a larger medical imaging footprint, and the timing matters because it follows a quarter in which revenue rose 9.8% year over year and EPS beat the $5.79 consensus by $0.49. That combination gives investors both a growth reference point and a fresh acquisition to model.
MarketBeat's latest company note also showed a consensus rating of Moderate Buy and a consensus price target of $721.67, which places the stock below that reference even after its recent run-up. The spread between the current quote and the consensus target is one of the clearest valuation markers in the current setup.
Latest quarter in numbers
For the quarter reported on July 22, 2026, Teledyne posted $1.66 billion in revenue versus $1.58 billion expected, and it earned $6.28 per share versus $5.79 expected. The same report showed net margin of 15.29% and return on equity of 10.56%, giving the update more texture than earnings alone.
Guidance now matters just as much. The company set FY 2026 EPS guidance at $24.45 to $24.65 and Q3 2026 EPS guidance at $6.05 to $6.15, while analysts on the same market page forecast $24.69 for the current fiscal year.
Imaging remains central
Teledyne FLIR Defense, one of the company's better-known businesses, has also been active on the product and contract side, including a Ranger series radar milestone noted in recent coverage. That supports the broader thesis behind the Varex purchase: Teledyne is still leaning into sensing, imaging, and defense electronics rather than staying a pure-play instrument maker.
For investors, the near-term test is whether the acquisition premium and integration work can coexist with the current earnings pace. The July quarter and the FY 2026 guidance suggest the base business entered the deal from a position of strength.
More on Teledyne Technologies stock
Teledyne Technologies Inc. designs and supplies electronic systems, instrumentation, imaging products, and aerospace and defense electronics for commercial and government customers.
As of August 18, 2026, the stock was quoted at $666.39 on NYSE and the latest extended-hours snapshot showed $667.00 at 5:34 a.m. ET.
Teledyne Technologies Inc.
Company: Teledyne Technologies Inc.
ISIN: US8793601050
Ticker: TDY
Exchange: NYSE
Price (as of August 18, 2026, 3:59 p.m. ET): $666.39 USD
Market cap: $30.89 billion
Sector / Industry: Industrials / Aerospace and defense, electronic instruments and controls
Index membership: S&P 500
