Zebra Technologies Announces Second Quarter 2026 Results

About this update from Zebra Technologies Corporation

Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, today announced results for the second quarter ended July 4, 2026. Second-Quarter Financial Highlights Net sales of $1,557 million; year-over-year increase of 20.4% Net income of $233 million and net income per diluted share of $4.85 Non-GAAP diluted EPS increased year-over-year to $6.35 Adjusted EBITDA increased year-over-year to $431 million Recorded IEEPA tariff recoveries of $73 million, of which $14 million received in the quarter Share repurchases of $268 million “Our record results reflect broad-based demand for our innovative solutions and excellent execution on our growth and profitability priorities. We delivered for our customers by leveraging our long-standing supplier relationships to support our growth," said Bill Burns, Chief Executive Officer of Zebra Technologies. "The momentum we see across our business underscores Zebra's position as the foundation for intelligent operations and frontline AI as customers digitize and automate environments." "Our strong balance sheet and cash flow continue to provide significant financial flexibility, enabling us to invest for growth while returning more than $560 million to shareholders in the first half of the year through disciplined share repurchases," said Nathan Winters, Chief Financial Officer of Zebra Technologies. "We believe this balanced approach positions Zebra to create long-term shareholder value." $ in millions, except per share amounts 2Q26 2Q25 Change Select reported measures:       Net sales $ 1,557   $ 1,293   20.4 % Gross profit   825     616   33.9 % Gross margin   53.0 %   47.6 % 540 bps Net income   233     112   108.0 % Net income margin   15.0 %   8.7 % 630 bps Net income per diluted share $ 4.85   $ 2.19   121.5 %         Select Non-GAAP measures:       Adjusted net sales $ 1,557   $ 1,293   20.4 % Organic net sales growth     9.2 % Adjusted gross profit   830     619   34.1 % Adjusted gross margin   53.3 %   47.9 % 540 bps Adjusted EBITDA   431     267   61.4 % Adjusted EBITDA margin   27.7 %   20.6 % 710 bps Non-GAAP net income $ 305 &n...

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