Zebra Technologies (ZBRA)
NASDAQ:ZBRA
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
4.35Last Year’s EPS
3.61Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
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
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.
ZBRA Earnings History
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.
FAQ
When does Zebra Technologies (ZBRA) report earnings?
Zebra Technologies (ZBRA) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Zebra Technologies (ZBRA) earnings time?
Zebra Technologies (ZBRA) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ZBRA EPS forecast?
ZBRA EPS forecast for the fiscal quarter 2026 (Q2) is 4.35.
