TELEDYNE TECHNOLOGIES INC stock research
FY2023 Q2
TELEDYNE TECHNOLOGIES (TDY) Gross Margin — Quarter Ended Jul 2, 2023
Revenue remained stable compared to both the prior quarter and the same quarter last year. Gross profit increased, leading to a higher gross margin as cost of revenue rose less than gross profit.
Gross margin takeaway
Quarter ended Jul 2, 2023 · FY2023 Q2
Revenue remained stable compared to both the prior quarter and the same quarter last year. Gross profit increased, leading to a higher gross margin as cost of revenue rose less than gross profit.
- The strongest observable margin driver is the increase in gross profit outpacing the increase in cost of revenue, resulting in margin expansion.
- Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
43.4%
Gross profit
$618.4M
Revenue
$1.4B
Cost of revenue
$806.3M
Quarter-over-quarter change
+0.6 pts
Year-over-year change
+1.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jan 1, 2023 | $1.4B | $616.9M | $801.3M | 43.5% |
| Apr 2, 2023 | $1.4B | $592.6M | $790.7M | 42.8% |
| Jul 2, 2023 | $1.4B | $618.4M | $806.3M | 43.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Apr 2, 2023
+0.6 pts
Year-over-year change
Jul 3, 2022
+1.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the increase in gross profit outpacing the increase in cost of revenue, resulting in margin expansion.
Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin also improved.
Monitor the trend of cost of revenue relative to revenue, as any change could affect gross margin.