Zebra Technologies Announces Q2 2026 Results

Zebra Technologies Corporation announced results for the second quarter ended July 4, 2026.

“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.”

Second-Quarter Financial Highlights

• Net sales of $1,557 million; year-over-year increase of 20.4% compared to $1,293 million last year.
• 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 was received in the quarter.
• Share repurchases of $268 million.

“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.”

Looking ahead, Zebra expects full-year sales growth between 14% and 16% compared to the prior year. This expectation includes approximately 8 points of favorable impact from business acquisitions, dispositions, and foreign currency.