Zebra Technologies Corp (ZBRA) stock
ZBRANasdaqGeneral Industrial Machinery & EquipmentFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jul 4, 2026Last filing: 10-Q on Aug 4, 2026Score 10/305% above fair value
$361.26−16.12 (-4.27%)
Close on Oct 30, 2026Market cap $17.09BP/E 33.1Yield –
Earnings
Zebra Technologies's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Oct 27, 2026
Q3 FY2026 · estimated, before the open
Revenue, Q2 FY2026
$1.56B
+20.4% on a year earlier
Non-GAAP diluted EPS, Q2 FY2026
$6.35
$3.61 a year earlier
Latest guidance
Raised
Aug 4, 2026 · 7 items
Quarterly results
Revenue and earnings per share from each of Zebra Technologies's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 FY2026ended Sep 27, 2026 | Oct 27, 2026Expected | – | – | – | – | – |
| Q2 FY2026ended Jul 4, 2026 | Aug 4, 2026before the open | $1.56B | +20.4% | $4.85 | $6.35 | Release |
| Q1 FY2026ended Apr 4, 2026 | May 12, 2026before the open | $1.50B | +14.3% | $2.72 | $4.75 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 12, 2026before the open | $1.48B | +10.6% | $1.39 | $4.33 | Release |
| Q3 FY2025ended Sep 27, 2025 | Oct 28, 2025before the open | $1.32B | +5.2% | $1.97 | $3.88 | Release |
| Q2 FY2025ended Jun 28, 2025 | Aug 5, 2025before the open | $1.29B | +6.2% | $2.19 | $3.61 | Release |
| Q1 FY2025ended Mar 29, 2025 | Apr 29, 2025before the open | $1.31B | +11.3% | $2.62 | $4.02 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 13, 2025before the open | $1.33B | +32.2% | $3.14 | $4.00 | Release |
| Q3 FY2024ended Sep 28, 2024 | Oct 29, 2024before the open | $1.26B | +31.3% | $2.64 | $3.49 | Release |
| Q2 FY2024ended Jun 29, 2024 | Jul 30, 2024before the open | $1.22B | +0.2% | $2.17 | $3.18 | Release |
| Q1 FY2024ended Mar 30, 2024 | Apr 30, 2024before the open | $1.18B | -16.4% | $2.23 | $2.84 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 15, 2024before the open | $1.01B | -32.9% | $0.31 | $1.71 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 31, 2023before the open | $956.00M | -30.6% | -$0.28 | $0.87 | Release |
| Q2 FY2023ended Jul 1, 2023 | Aug 1, 2023before the open | $1.21B | -17.3% | $2.78 | $3.29 | Release |
| Q1 FY2023ended Apr 1, 2023 | May 2, 2023before the open | $1.41B | -1.9% | $2.90 | $3.94 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 16, 2023before the open | $1.50B | +2.5% | $3.57 | $4.75 | Release |
| Q3 FY2022ended Oct 1, 2022 | Nov 1, 2022before the open | $1.38B | -4.0% | $3.26 | $4.12 | Release |
| Q2 FY2022ended Jul 2, 2022 | Aug 2, 2022before the open | $1.47B | – | -$1.87 | $4.61 | Release |
| Q1 FY2022ended Apr 2, 2022 | May 3, 2022before the open | $1.43B | – | $3.83 | $4.01 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 10, 2022before the open | $1.47B | – | $3.55 | $4.54 | Release |
| Q3 FY2021ended Oct 2, 2021 | Nov 2, 2021before the open | $1.44B | – | $3.69 | $4.55 | Release |
| Q1 FY2021ended Apr 3, 2021 | May 4, 2021before the open | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 11, 2021before the open | – | – | – | – | Filing |
| Q3 FY2020ended Sep 26, 2020 | Nov 3, 2020before the open | – | – | – | – | Filing |
| Q2 FY2020ended Jun 27, 2020 | Jul 28, 2020before the open | – | – | – | – | Filing |
| Q1 FY2020ended Mar 28, 2020 | Apr 28, 2020before the open | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Zebra Technologies's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| sales growth | Q3 FY2026 | +17% – +20% | – | New | Aug 4, 2026 |
| Adjusted EBITDA marginnon-GAAP | Q3 FY2026 | 22% | – | New | Aug 4, 2026 |
| Non-GAAP diluted earnings per sharenon-GAAP | Q3 FY2026 | $4.70 – $4.90 | – | New | Aug 4, 2026 |
| sales growth | FY2026 | +14% – +16% | +10% – +14% | Raised | Aug 4, 2026 |
| Adjusted EBITDA marginnon-GAAP | FY2026 | 22% | 22% | Reaffirmed | May 12, 2026 |
| Adjusted EBITDA marginnon-GAAP | FY2026 | 23.5% – 24% | – | New | Aug 4, 2026 |
| Non-GAAP diluted earnings per sharenon-GAAP | FY2026 | $20.75 – $21.25 | $18.30 – $18.70 | Raised | Aug 4, 2026 |
| Free Cash Flownon-GAAP | FY2026 | $1.00B | $900.00M | Raised | Aug 4, 2026 |
Guidance vs results
The last range Zebra Technologies gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| Q2 FY2026 | Non-GAAP diluted earnings per share | $4.20 – $4.50 | $6.35 | Above range |
| Q2 FY2026 | Revenue growth | +14% – +17% | +20.42% | Above range |
| Q1 FY2026 | Non-GAAP diluted earnings per share | $4.05 – $4.35 | $4.75 | Above range |
| Q1 FY2026 | Revenue growth | +11% – +15% | +14.3% | Within range |
| FY2025 | Non-GAAP diluted earnings per share | $15.25 – $15.75 | $15.84Σ4Q | Above range |
| FY2025 | Revenue growth | +5% – +7% | +8.33%Σ4Q | Above range |
| Q4 FY2025 | Non-GAAP diluted earnings per share | $4.20 – $4.40 | $4.33 | Within range |
| Q4 FY2025 | Revenue growth | +8% – +11% | +10.57% | Within range |
| Q3 FY2025 | Non-GAAP diluted earnings per share | $3.60 – $3.80 | $3.88 | Above range |
| Q3 FY2025 | Revenue growth | +2% – +6% | +5.18% | Within range |
| Q2 FY2025 | Non-GAAP diluted earnings per share | $3.00 – $3.50 | $3.61 | Above range |
| Q2 FY2025 | Revenue growth | +4% – +7% | +6.24% | Within range |
| Q1 FY2025 | Non-GAAP diluted earnings per share | $3.50 – $3.70 | $4.02 | Above range |
| Q1 FY2025 | Revenue growth | +8% – +11% | +11.32% | Above range |
| Q4 FY2024 | Non-GAAP diluted earnings per share | $3.80 – $4.00 | $4.00 | Within range |
| Q4 FY2024 | Revenue growth | +28% – +31% | +32.21% | Above range |
| Q3 FY2024 | Non-GAAP diluted earnings per share | $3.00 – $3.30 | $3.49 | Above range |
| Q3 FY2024 | Revenue growth | +25% – +28% | +31.28% | Above range |
| Q2 FY2024 | Non-GAAP diluted earnings per share | $2.60 – $2.90 | $3.18 | Above range |
| Q2 FY2024 | Revenue growth | -5% – -1% | +0.25% | Above range |
| Q1 FY2024 | Non-GAAP diluted earnings per share | $2.30 – $2.60 | $2.84 | Above range |
| Q1 FY2024 | Revenue growth | -20% – -17% | -16.37% | Above range |
| Q4 FY2023 | Non-GAAP diluted earnings per share | $1.40 – $1.80 | $1.71 | Within range |
| Q4 FY2023 | Revenue growth | -36% – -32% | -32.87% | Within range |
| Q3 FY2023 | Non-GAAP diluted earnings per share | $0.60 – $1.00 | $0.87 | Within range |
| Q3 FY2023 | Revenue growth | -35% – -30% | -30.62% | Within range |
| Q2 FY2023 | Non-GAAP diluted earnings per share | $3.20 – $3.40 | $3.29 | Within range |
| Q2 FY2023 | Revenue growth | -11% – -9% | -17.3% | Below range |
| Q1 FY2023 | Non-GAAP earnings per diluted share | $3.70 – $4.00 | $3.94 | Within range |
| Q1 FY2023 | Revenue growth | -4% – -1% | -1.89% | Within range |
| Q4 FY2022 | Non-GAAP earnings per diluted share | $4.50 – $4.80 | $4.75 | Within range |
| Q4 FY2022 | Revenue growth | -2% – +1% | +2.45% | Above range |
| Q3 FY2022 | Non-GAAP earnings per diluted share | $4.35 – $4.65 | $4.12 | Below range |
| Q3 FY2022 | Revenue growth | +2% – +4% | -4.04% | Below range |
| Q2 FY2022 | Non-GAAP earnings per diluted share | $4.05 – $4.35 | $4.61 | Above range |
| Q1 FY2022 | Non-GAAP earnings per diluted share | $3.70 – $4.00 | $4.01 | Above range |
| Q4 FY2021 | Non-GAAP earnings per diluted share | $4.20 – $4.50 | $4.54 | Above range |
Guidance history
Every forecast Zebra Technologies put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Aug 4, 2026 | Adjusted EBITDA margin | FY2026 | 23.5% – 24% | New |
| Aug 4, 2026 | Adjusted EBITDA margin | Q3 FY2026 | 22% | New |
| Aug 4, 2026 | Non-GAAP diluted earnings per share | FY2026 | $20.75 – $21.25 | Raised |
| Aug 4, 2026 | Non-GAAP diluted earnings per share | Q3 FY2026 | $4.70 – $4.90 | New |
| Aug 4, 2026 | Free Cash Flow | FY2026 | $1.00B | Raised |
| Aug 4, 2026 | sales growth | FY2026 | +14% – +16% | Raised |
| Aug 4, 2026 | sales growth | Q3 FY2026 | +17% – +20% | New |
| May 12, 2026 | Non-GAAP diluted earnings per share | FY2026 | $18.30 – $18.70 | Raised |
| May 12, 2026 | Non-GAAP diluted earnings per share | Q2 FY2026 | $4.20 – $4.50 | New |
| May 12, 2026 | Free Cash Flow | FY2026 | $900.00M | Reaffirmed |
| May 12, 2026 | Adjusted EBITDA margin | FY2026 | 22% | Reaffirmed |
| May 12, 2026 | Adjusted EBITDA margin | Q2 FY2026 | 21% | New |
| May 12, 2026 | sales growth | FY2026 | +10% – +14% | Raised |
| May 12, 2026 | sales growth | Q2 FY2026 | +14% – +17% | New |
| Feb 12, 2026 | Non-GAAP diluted earnings per share | FY2026 | $17.70 – $18.30 | New |
| Feb 12, 2026 | Non-GAAP diluted earnings per share | Q1 FY2026 | $4.05 – $4.35 | New |
| Feb 12, 2026 | Free cash flow | FY2026 | $900.00M | New |
| Feb 12, 2026 | Adjusted EBITDA margin | FY2026 | 22% | New |
| Feb 12, 2026 | Adjusted EBITDA margin | Q1 FY2026 | 21% – 22% | New |
| Feb 12, 2026 | sales growth | FY2026 | +9% – +13% | New |
| Feb 12, 2026 | sales growth | Q1 FY2026 | +11% – +15% | New |
| Oct 28, 2025 | Non-GAAP diluted earnings per share | Q4 FY2025 | $4.20 – $4.40 | New |
| Oct 28, 2025 | Free Cash Flow | FY2025 | $800.00M | Reaffirmed |
| Oct 28, 2025 | Adjusted EBITDA margin | Q4 FY2025 | 22% | New |
| Oct 28, 2025 | sales growth | Q4 FY2025 | +8% – +11% | New |
| Aug 5, 2025 | Non-GAAP diluted earnings per share | FY2025 | $15.25 – $15.75 | New |
| Aug 5, 2025 | Non-GAAP diluted earnings per share | Q3 FY2025 | $3.60 – $3.80 | New |
| Aug 5, 2025 | Free Cash Flow | FY2025 | $800.00M | New |
| Aug 5, 2025 | Adjusted EBITDA margin | FY2025 | 21% – 22% | New |
| Aug 5, 2025 | Adjusted EBITDA margin | Q3 FY2025 | 21% | New |
| Aug 5, 2025 | sales growth | FY2025 | +5% – +7% | New |
| Aug 5, 2025 | sales growth | Q3 FY2025 | +2% – +6% | New |
| Apr 29, 2025 | Adjusted EBITDA margin | Q2 FY2025 | 19% | New |
| Apr 29, 2025 | Adjusted EBITDA margin | FY2025 | 20% – 21% | New |
| Apr 29, 2025 | Non-GAAP diluted earnings per share | Q2 FY2025 | $3.00 – $3.50 | New |
| Apr 29, 2025 | Non-GAAP diluted earnings per share | FY2025 | $13.75 – $14.75 | Lowered |
| Apr 29, 2025 | Free Cash Flow | FY2025 | $700.00M | Lowered |
| Apr 29, 2025 | sales growth | Q2 FY2025 | +4% – +7% | New |
| Apr 29, 2025 | sales growth | FY2025 | +3% – +7% | Reaffirmed |
| Feb 13, 2025 | Non-GAAP diluted earnings per share | Q1 FY2025 | $3.50 – $3.70 | New |
| Feb 13, 2025 | Non-GAAP diluted earnings per share | FY2025 | $14.75 – $15.25 | New |
| Feb 13, 2025 | Free cash flow | FY2025 | $750.00M | New |
| Feb 13, 2025 | Adjusted EBITDA margin | Q1 FY2025 | 21% | New |
| Feb 13, 2025 | Adjusted EBITDA margin | FY2025 | 21% – 22% | New |
| Feb 13, 2025 | net sales | Q1 FY2025 | +8% – +11% | New |
| Feb 13, 2025 | net sales | FY2025 | +3% – +7% | New |
| Oct 29, 2024 | Non-GAAP diluted earnings per share | Q4 FY2024 | $3.80 – $4.00 | New |
| Oct 29, 2024 | Free cash flow | FY2024 | $850.00M | Raised |
| Oct 29, 2024 | Adjusted EBITDA margin | Q4 FY2024 | 22% | New |
| Oct 29, 2024 | sales growth | Q4 FY2024 | +28% – +31% | New |
| Jul 30, 2024 | Adjusted EBITDA margin | Q3 FY2024 | 20% – 21% | New |
| Jul 30, 2024 | Adjusted EBITDA margin | FY2024 | 20% – 21% | Raised |
| Jul 30, 2024 | Non-GAAP diluted earnings per share | Q3 FY2024 | $3.00 – $3.30 | New |
| Jul 30, 2024 | Non-GAAP diluted earnings per share | FY2024 | $12.30 – $12.90 | Raised |
| Jul 30, 2024 | Free cash flow | FY2024 | $700.00M | Raised |
| Jul 30, 2024 | net sales | Q3 FY2024 | +25% – +28% | New |
| Jul 30, 2024 | net sales growth | FY2024 | +4% – +7% | New |
| Apr 30, 2024 | Adjusted EBITDA margin | Q2 FY2024 | 19% | New |
| Apr 30, 2024 | Adjusted EBITDA margin | FY2024 | 20% | Raised |
| Apr 30, 2024 | Non-GAAP diluted earnings per share | Q2 FY2024 | $2.60 – $2.90 | New |
| Apr 30, 2024 | Non-GAAP diluted earnings per share | FY2024 | $11.25 – $12.25 | New |
| Apr 30, 2024 | Free cash flow | FY2024 | $600.00M | Raised |
| Apr 30, 2024 | net sales growth | FY2024 | +1% – +5% | Raised |
| Apr 30, 2024 | net sales | Q2 FY2024 | -5% – -1% | New |
| Feb 15, 2024 | Adjusted EBITDA margin | Q1 FY2024 | 18% | New |
| Feb 15, 2024 | Adjusted EBITDA margin | FY2024 | 19% | New |
| Feb 15, 2024 | Non-GAAP diluted earnings per share | Q1 FY2024 | $2.30 – $2.60 | New |
| Feb 15, 2024 | Free cash flow | FY2024 | $550.00M | New |
| Feb 15, 2024 | net sales | Q1 FY2024 | -20% – -17% | New |
| Feb 15, 2024 | net sales | FY2024 | -1% – +3% | New |
| Oct 31, 2023 | Adjusted EBITDA margin | Q4 FY2023 | 16% | New |
| Oct 31, 2023 | Non-GAAP diluted earnings per share | Q4 FY2023 | $1.40 – $1.80 | New |
| Oct 31, 2023 | net sales | Q4 FY2023 | -36% – -32% | New |
| Aug 1, 2023 | Adjusted EBITDA margin | Q3 FY2023 | 10% – 12% | New |
| Aug 1, 2023 | Adjusted EBITDA margin | FY2023 | 18% | Lowered |
| Aug 1, 2023 | Non-GAAP diluted earnings per share | Q3 FY2023 | $0.60 – $1.00 | New |
| Aug 1, 2023 | net sales | Q3 FY2023 | -35% – -30% | New |
| Aug 1, 2023 | net sales | FY2023 | -23% – -20% | Lowered |
| May 2, 2023 | Adjusted EBITDA margin | Q2 FY2023 | 20% | New |
| May 2, 2023 | Adjusted EBITDA margin | FY2023 | 22% | Lowered |
| May 2, 2023 | Non-GAAP diluted earnings per share | Q2 FY2023 | $3.20 – $3.40 | New |
| May 2, 2023 | Free cash flow | FY2023 | $450.00M – $550.00M | Lowered |
| May 2, 2023 | net sales | Q2 FY2023 | -11% – -9% | New |
| May 2, 2023 | net sales | FY2023 | -6% – -2% | New |
| Feb 16, 2023 | Adjusted EBITDA margin | Q1 FY2023 | 21% | New |
| Feb 16, 2023 | Adjusted EBITDA margin | FY2023 | 22% – 23% | New |
| Feb 16, 2023 | Non-GAAP earnings per diluted share | Q1 FY2023 | $3.70 – $4.00 | New |
| Feb 16, 2023 | Free cash flow | FY2023 | $650.00M | New |
| Feb 16, 2023 | net sales | Q1 FY2023 | -4% – -1% | New |
| Feb 16, 2023 | net sales | FY2023 | -3% – +1% | New |
| Nov 1, 2022 | Adjusted EBITDA margin | Q4 FY2022 | 22% – 23% | New |
| Nov 1, 2022 | Non-GAAP earnings per diluted share | Q4 FY2022 | $4.50 – $4.80 | New |
| Nov 1, 2022 | Free cash flow | FY2022 | $400.00M | Lowered |
| Nov 1, 2022 | adjusted net sales | Q4 FY2022 | -2% – +1% | New |
| Aug 2, 2022 | Adjusted EBITDA margin | Q3 FY2022 | 22% | New |
| Aug 2, 2022 | Adjusted EBITDA margin | FY2022 | 22% | Lowered |
| Aug 2, 2022 | Non-GAAP earnings per diluted share | Q3 FY2022 | $4.35 – $4.65 | New |
| Aug 2, 2022 | Free cash flow | FY2022 | $650.00M | Lowered |
| Aug 2, 2022 | adjusted net sales | Q3 FY2022 | +2% – +4% | New |
| Aug 2, 2022 | adjusted net sales growth | FY2022 | +4% – +6% | Narrowed |
| May 3, 2022 | Adjusted EBITDA margin | Q2 FY2022 | 20% – 21% | New |
| May 3, 2022 | Adjusted EBITDA margin | FY2022 | 22% – 23% | Lowered |
| May 3, 2022 | Non-GAAP earnings per diluted share | Q2 FY2022 | $4.05 – $4.35 | New |
| May 3, 2022 | Free cash flow | FY2022 | $800.00M | Lowered |
| May 3, 2022 | adjusted net sales | Q2 FY2022 | +3% – +7% | New |
| May 3, 2022 | adjusted net sales | FY2022 | +3% – +7% | Reaffirmed |
| Feb 10, 2022 | Adjusted EBITDA margin | Q1 FY2022 | 20% | New |
| Feb 10, 2022 | Adjusted EBITDA margin | FY2022 | 23% – 24% | New |
| Feb 10, 2022 | Non-GAAP earnings per diluted share | Q1 FY2022 | $3.70 – $4.00 | New |
| Feb 10, 2022 | Free cash flow | FY2022 | $900.00M | New |
| Feb 10, 2022 | adjusted net sales | Q1 FY2022 | +1% – +3% | New |
| Feb 10, 2022 | adjusted net sales | FY2022 | +3% – +7% | New |
| Nov 2, 2021 | Adjusted EBITDA margin | Q4 FY2021 | 21% | New |
| Nov 2, 2021 | Non-GAAP earnings per diluted share | Q4 FY2021 | $4.20 – $4.50 | New |
| Nov 2, 2021 | free cash flow | FY2021 | $950.00M | New |
| Nov 2, 2021 | adjusted net sales | Q4 FY2021 | +8% – +12% | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Zebra Technologies filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Update
- Results
- Update
- Results
- Results
- Results
- Results
- News
- News
- Results