The earnings call presented a strong performance in revenue growth and strategic initiatives, including the acquisition of Elo Touch Solutions, which is expected to significantly enhance the company's market position. However, challenges such as tariff impacts and softness in the EMEA region and manufacturing sector were noted. The sentiment is balanced with significant growth prospects and strategic achievements countered by regional and sector-specific challenges.

Company Guidance -

Q3 2025

During the Zebra Second Quarter 2025 earnings call, the company provided an optimistic outlook for the fiscal year, highlighting several key metrics. Zebra reported a sales increase of over 6% year-over-year, reaching $1.3 billion, and an adjusted EBITDA margin of 20.6%, representing a 10 basis point improvement. Non-GAAP diluted earnings per share rose to $3.61, a 14% increase from the previous year. Notably, Zebra experienced robust growth in North America, Latin America, and Asia Pacific, with significant contributions from mobile computing, scanning, and RFID sectors. Transportation & Logistics and Retail & E-commerce were the highest growth verticals. Despite a cautious stance due to uncertain trade policies, Zebra raised its full-year sales growth guidance to between 5% and 7%, factoring in a $30 million gross profit impact from tariffs, mitigated by strategic pricing and production shifts. Additionally, the company announced the pending acquisition of Elo Touch Solutions, expected to be immediately accretive to earnings, with anticipated $25 million annual EBITDA synergies by year three.

Strong Revenue Growth

Sales for Q2 reached $1.3 billion, marking a greater than 6% increase compared to the prior year. North America, Latin America, and Asia Pacific regions showed strong growth, with specific increases of 8%, 11%, and 20% respectively.

Increased Full-Year Outlook

The company raised its full-year sales growth guidance to 5% to 7%, citing strong Q2 results and a robust backlog and pipeline.

Acquisition of Elo Touch Solutions

Zebra announced the acquisition of Elo Touch Solutions, which is expected to expand their portfolio and addressable market by $8 billion. The acquisition is expected to be accretive to earnings and generate $25 million of annual EBITDA synergies by year three.

Improved Adjusted EBITDA Margin

The adjusted EBITDA margin for Q2 was 20.6%, a 10 basis point improvement over the prior year.

Strong Performance in Strategic Verticals

Transportation & Logistics and Retail & E-commerce were highlighted as the highest growth verticals.

Zebra Tech (ZBRA) Earnings, Revenues Date & History

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ZBRA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	3.73 / -	3.49	―	―	―
Aug 05, 2025	2025 (Q2)	3.34 / 3.61	3.18	13.52% (+0.43)
Apr 29, 2025	2025 (Q1)	3.62 / 4.02	2.84	41.55% (+1.18)
Feb 13, 2025	2024 (Q4)	3.94 / 4.00	1.71	133.92% (+2.29)
Oct 29, 2024	2024 (Q3)	3.23 / 3.49	0.87	301.15% (+2.62)
Jul 30, 2024	2024 (Q2)	2.81 / 3.18	3.29	-3.34% (-0.11)
Apr 30, 2024	2024 (Q1)	2.44 / 2.84	3.94	-27.92% (-1.10)
Feb 15, 2024	2023 (Q4)	1.65 / 1.71	4.75	-64.00% (-3.04)
Oct 31, 2023	2023 (Q3)	0.81 / 0.87	4.12	-78.88% (-3.25)
Aug 01, 2023	2023 (Q2)	3.27 / 3.29	4.61	-28.63% (-1.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ZBRA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$341.36	$302.60	-11.35%
Apr 29, 2025	$243.49	$256.05	+5.16%
Feb 13, 2025	$352.92	$323.42	-8.36%
Oct 29, 2024	$363.58	$384.68	+5.80%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.