TELEDYNE TECHNOLOGIES INC stock research
FY2026 Q1
TELEDYNE TECHNOLOGIES (TDY) Gross Margin — Quarter Ended Mar 29, 2026
Revenue was comparable to the prior quarter, while cost of revenue decreased. Gross profit was slightly lower, but gross margin improved as the cost reduction outpaced the change in revenue. Compared with the same quarter a year earlier, revenue, gross profit, and gross margin were all higher.
Gross margin takeaway
Quarter ended Mar 29, 2026 · FY2026 Q1
Revenue was comparable to the prior quarter, while cost of revenue decreased. Gross profit was slightly lower, but gross margin improved as the cost reduction outpaced the change in revenue. Compared with the same quarter a year earlier, revenue, gross profit, and gross margin were all higher.
- The improvement in gross margin was driven by a lower cost of revenue relative to revenue. Revenue remained stable sequentially, while cost of revenue declined, resulting in a higher margin.
- Compared with the prior quarter, gross margin was higher, while gross profit was slightly lower. Compared with the same quarter a year earlier, gross margin, revenue, and gross profit were all higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
43.2%
Gross profit
$673.8M
Revenue
$1.6B
Cost of revenue
$886.3M
Quarter-over-quarter change
+0.3 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 |
|---|---|---|---|---|
| Jun 29, 2025 | $1.5B | $644.6M | $869.1M | 42.6% |
| Sep 28, 2025 | $1.5B | $659.5M | $880.0M | 42.8% |
| Dec 28, 2025 | $1.6B | $691.2M | $921.1M | 42.9% |
| Mar 29, 2026 | $1.6B | $673.8M | $886.3M | 43.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 28, 2025
+0.3 pts
Year-over-year change
Mar 30, 2025
+0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The improvement in gross margin was driven by a lower cost of revenue relative to revenue. Revenue remained stable sequentially, while cost of revenue declined, resulting in a higher margin.
Compared with the prior quarter, gross margin was higher, while gross profit was slightly lower. Compared with the same quarter a year earlier, gross margin, revenue, and gross profit were all higher.
Monitor the trend of cost of revenue relative to revenue, as changes in this relationship directly affect gross margin.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| TELEDYNE TECHNOLOGIES INC (TDY) | 43.2% |