TELEDYNE TECHNOLOGIES INC stock research
FY2025 Q2
TELEDYNE TECHNOLOGIES (TDY) Gross Margin — Quarter Ended Jun 29, 2025
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin weakened slightly from the prior quarter and was lower than the same quarter a year ago.
Gross margin takeaway
Quarter ended Jun 29, 2025 · FY2025 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin weakened slightly from the prior quarter and was lower than the same quarter a year ago.
- The relationship between revenue and cost of revenue drove the gross margin outcome. Revenue grew at a slower pace relative to cost of revenue compared to both the prior quarter and the year-ago quarter, resulting in a slightly lower gross margin.
- Compared to the immediately preceding quarter, gross margin was slightly lower despite higher revenue and gross profit. Versus the same quarter one year earlier, gross margin was lower, with revenue and gross profit higher but cost of revenue increasing at a greater relative rate.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
42.6%
Gross profit
$644.6M
Revenue
$1.5B
Cost of revenue
$869.1M
Quarter-over-quarter change
-0.1 pts
Year-over-year change
-0.5 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 |
|---|---|---|---|---|
| Sep 29, 2024 | $1.4B | $619.6M | $823.9M | 42.9% |
| Dec 29, 2024 | $1.5B | $642.7M | $859.6M | 42.8% |
| Mar 30, 2025 | $1.4B | $619.5M | $830.4M | 42.7% |
| Jun 29, 2025 | $1.5B | $644.6M | $869.1M | 42.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 30, 2025
-0.1 pts
Year-over-year change
Jun 30, 2024
-0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The relationship between revenue and cost of revenue drove the gross margin outcome. Revenue grew at a slower pace relative to cost of revenue compared to both the prior quarter and the year-ago quarter, resulting in a slightly lower gross margin.
Compared to the immediately preceding quarter, gross margin was slightly lower despite higher revenue and gross profit. Versus the same quarter one year earlier, gross margin was lower, with revenue and gross profit higher but cost of revenue increasing at a greater relative rate.
Monitor the trend in cost of revenue relative to revenue, as its growth rate has outpaced revenue growth compared to both prior periods.