Zebra Technologies Corporation (ZBRA) Financials
Key financial figures for Zebra Technologies Corporation (Q2 2026).
Zebra Technologies posted record Q2 2026 results, with net sales up 20.4% year over year to $1,557 million and non-GAAP diluted EPS up 75.9% to $6.35, and raised full-year guidance. Net sales rose 20.4% year over year to $1,557 million; GAAP net income was $233 million ($4.85 diluted EPS) and non-GAAP diluted EPS climbed to $6.35 from $3.61 a year ago. Adjusted EBITDA reached $431 million, with margin expanding 710 basis points to 27.7%, aided by $73 million of IEEPA tariff recoveries ($14 million received in the quarter); management said margin still expanded roughly 200 basis points excluding that benefit. On the outlook: Full-year 2026 (raised): sales growth of 14-16%, adjusted EBITDA margin of 23.5-24.0%, non-GAAP diluted EPS of $20.75-21.25, and free cash flow above $1 billion. Third quarter 2026: sales growth of 17-20% and adjusted EBITDA margin of approximately 22%, reflecting an expected ~$120 million year-over-year rise in memory component costs. Figures are for Q2 2026, as Zebra Technologies reported them.
- Revenue
- $1.6B
- Net Income
- $233M
- EPS
- $4.89
- Total Assets
- $8.6B
- Operating Cash Flow
- $211M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $1.6B | $233M | $4.60 | 20.62% | $198M |
| Q1 FY2026 | $1.5B | $135M | $2.67 | 14.38% | $163M |
| Q4 FY2025 | $1.5B | $70M | $1.39 | 15.05% | $327M |
| Q3 FY2025 | $1.3B | $101M | $1.97 | 13.86% | $216M |
| Q2 FY2025 | $1.3B | $112M | $2.19 | 14.15% | $130M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $5.4B | $419M | $8.18 | 14.83% | $831M |
| FY2024 | $5.0B | $528M | $10.18 | 14.9% | $954M |
| FY2023 | $4.6B | $296M | $5.72 | 10.49% | -$91M |
Frequently asked questions
What was Zebra Technologies's revenue last quarter?
Zebra Technologies reported revenue of $1.56 billion for Q2 FY2026, up 20.4% from the same period a year earlier.
Is Zebra Technologies profitable?
Yes. Zebra Technologies reported net income of $233.0 million for Q2 FY2026, a net margin of 14.96% on revenue.
How has Zebra Technologies's margin trended?
Operating margin was 20.62% in Q2 FY2026, compared with 14.15% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Zebra Technologies generate?
Zebra Technologies generated free cash flow of $198.0 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Zebra Technologies Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.