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Zebra Tech (ZBRA) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 04, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

4.36

Last Year’s EPS

3.61

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 9 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 12, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong top-line and bottom-line results (nearly $1.5B revenue, +14% YoY; EPS +18%), margin expansion, robust cash generation and aggressive buybacks, and management raised the full-year outlook. These positives are tempered by a key operational risk: memory supply and cost volatility that is expected to pressure margins sequentially (notably into Q2) and could constrain back-half volumes. Additional modest risks include reliance on acquisitions/FX for part of near-term growth and trade/tariff uncertainty. Overall, the company's execution, pipeline strength, and margin actions appear to outweigh the near-term headwinds but the memory issue remains an execution risk to monitor.

Company Guidance

Zebra guided Q2 sales growth of 14%–17% year‑over‑year (including ~10.5 points from acquisitions and favorable FX), Q2 adjusted EBITDA margin slightly above 21% and Q2 non‑GAAP diluted EPS of $4.20–$4.50; for FY2026 it now expects sales growth of 10%–14% (midpoint +1 point vs. prior outlook) with a ~7‑point benefit from acquisitions/FX, adjusted EBITDA margin of ~22%, non‑GAAP diluted EPS of $18.30–$18.70, and free cash flow of at least $900 million (≈100% conversion). The guide assumes full mitigation of a 2‑point memory cost headwind (including ~1 point of pricing), and builds on Q1 results of nearly $1.5B sales (+14% y/y, +4% organic), 50.4% adjusted gross margin (+80 bps), 23.2% adjusted EBITDA margin, $4.75 non‑GAAP EPS (+18% y/y), $163M Q1 free cash flow, $500M of share repurchases YTD, net leverage ~2.1x and $1.1B of credit capacity.

Strong Q1 Revenue Growth

Q1 sales of nearly $1.5 billion, up 14.3% year-over-year (reported) and +4.3% on an organic (constant currency) basis, with broad-based growth across segments and regions.

Margin Expansion and Earnings Beat

Adjusted gross margin improved 80 basis points to 50.4%; adjusted EBITDA margin of 23.2% (expanded ~90 bps year-over-year per management); non-GAAP diluted EPS of $4.75, an 18% increase YoY and above the high end of prior outlook.

Segment and Regional Strength

Connected Frontline grew 20.6% including Elo (3.8% organic); Asset Visibility & Automation grew 4.8%. Regional growth: Asia Pacific +11%, Latin America +10%, North America +4%, EMEA +2%.

Machine Vision and Manufacturing Momentum

Machine vision delivered strong double-digit growth in Q1 and manufacturing was a notable outperformer, contributing meaningfully to sales and gross margin strength.

Elo Acquisition Progress

Elo Touch is contributing solid growth (management expects mid-single-digit growth for Elo in 2026), early synergies realized in revenue and cost, and geographic expansion including initial wins in India.

Cash Generation and Share Repurchase Activity

Generated $163 million of free cash flow in Q1; repurchased $500 million of stock year-to-date through early May ($300M in Q1 + $200M subsequent), and FCF for the year expected to be at least $900 million (~100% conversion).

Raised and Improved Full-Year Outlook

Company raised full-year sales growth guidance to 10%–14% (midpoint up 1 point from prior guide), full-year adjusted EBITDA margin ~22%, and non-GAAP EPS now $18.30–$18.70.

Memory Supply Mitigation and Operational Productivity

Management reports line of sight to needed memory supply, multiple mitigation strategies (supplier co-planning, alternative sourcing, transitions to higher-density parts), and productivity initiatives (restructuring, software development efficiency) that supported margin expansion.

Zebra Tech (ZBRA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ZBRA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 04, 2026	2026 (Q2)	4.36 / -	3.61	―	―	―
May 12, 2026	2026 (Q1)	4.25 / 4.75	4.02	18.16% (+0.73)
Feb 12, 2026	2025 (Q4)	4.33 / 4.33	4	8.25% (+0.33)
Oct 28, 2025	2025 (Q3)	3.75 / 3.88	3.49	11.17% (+0.39)
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)

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
May 12, 2026	$216.96	$241.79	+11.44%
Feb 12, 2026	$252.50	$274.15	+8.58%
Oct 28, 2025	$310.57	$274.31	-11.68%
Aug 05, 2025	$341.36	$302.60	-11.35%

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.