US Market News
2週前
Transforming Manufacturing Workflows: Zebra Technologies Unveils Machine Vision Ecosystem at Automate 2026June 22, 2026 8:10 AM
Business Wire Company debuts new high-performance machine vision camera and showcases solutions that empower connected frontline workers Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, today announced its participation in Automate 2026, highlighting an ecosystem of solutions that fuse the physical and digital worlds. Visitors to Booth #1825 will experience how Zebra’s portfolio of RFID, machine vision, industrial scanning and automation solutions empowers frontline workers and optimizes workflows from raw-material receiving to the final distribution of products. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260622743565/en/Zebra debuts its new CV70 CXP machine vision camera, a high-performance solution for customers implementing high-speed, high-resolution applications. According to Zebra’s latest Manufacturing Vision Study, 92% of manufacturing leaders cite digital transformation as a strategic priority. Zebra provides the foundation for intelligent operations, designing hardware, software, and automation solutions that help manufacturers achieve actionable visibility, optimized quality and an augmented workforce. Zebra’s booth experience presents an end-to-end modern manufacturing journey, showcasing how organizations create smarter, more efficient operations by leveraging intelligent automation and advanced asset visibility. “We relentlessly deliver innovation to help our customers overcome their biggest operational challenges,” said Charlie Long, Vice President and General Manager, Machine Vision, Zebra Technologies. “We are eager to connect with attendees at the event to discuss how combining machine vision, data, and AI with human expertise can drive immediate efficiency gains, tailored to their unique environments.” High-Performance Camera Optimizes Quality Control As manufacturers look to automation to improve quality, Zebra’s study shows that 98% of those surveyed plan to use machine vision by 2029. At Automate, Zebra debuts its new CV70 CXP machine vision camera, a high-performance solution for customers implementing high-speed, high-resolution applications. The CV70’s design accelerates demanding tasks like small parts inspection, EV battery assembly, and semiconductor inspection. With Zebra’s Aurora software, frame grabbers, and vision controllers, customers have a complete vision solution and fully tested and validated system from a single vendor to solve their most challenging machine vision needs. Interactive Demonstrations Highlight Live Workflows Attendees visiting Zebra’s booth will experience live demonstrations of how Zebra’s solutions create fully connected, optimized operations including the 4Sight XV7 vision controller and the Rapixo CXP Pro Octo frame grabber. Other solutions on display include: Machine vision hardware and software featuring 3D inspection, AI-based anomaly detection, and AI-based optical character recognition (OCR). An in-line, fully automated print and apply process using machine vision and RFID technology for package and label validation. An automated factory staging and storage setup with Zebra’s RFID solutions driving real-time tracking and workflow efficiency. Photoneo, now part of Zebra Technologies, is demonstrating vision-guided robotics applications for bin pick, box depalletizing, and picking parts from custom dunnage, alongside 3D volume measurement. In addition, Charlie Long will lead a speaking session titled, “The Augmented Operator: Driving Productivity with Machine Vision and Mobile Intelligence,” which takes place on June 22 from 12:00 – 12:30 CT at the Automate Innovation Stage in Booth #19046. KEY TAKEAWAYS At Automate 2026, Zebra showcases intelligent automation solutions that empower frontline workers and create smarter, end-to-end supply chain operations extending from raw material receiving to final distribution. Zebra launches the CV70, a new high-performance, ultra-compact machine vision camera designed to accelerate performance in high-speed and high-resolution applications. Visit Zebra in Booth #1825 at McCormick Place in Chicago, June 22-25, to experience an ecosystem of solutions for asset visibility and intelligent automation. WHO IS ZEBRA TECHNOLOGIES? Zebra (NASDAQ: ZBRA) provides the foundation for intelligent operations with an award-winning portfolio of connected frontline, asset visibility and automation solutions which empower our customers to deploy AI on the frontline. Organizations globally across retail, manufacturing, transportation, logistics, healthcare, and other industries rely on us to deliver outcomes today while driving innovation for what’s next. Together with our partners, we create new ways of working that improve productivity and empower organizations to be better every day. Learn more at www.zebra.com.
Follow Zebra on our Blog, LinkedIn, Facebook, X, Instagram and YouTube. View source version on businesswire.com: https://www.businesswire.com/news/home/20260622743565/en/ Media Contact:
Matt Towson
Zebra Technologies
+1-773-454-5396
matt.towson@zebra.com Industry Analyst Contact:
Kasia Fahmy
Zebra Technologies
+1-224-306-8654
k.fahmy@zebra.com Original: Transforming Manufacturing Workflows: Zebra Technologies Unveils Machine Vision Ecosystem at Automate 2026
US Market News
2月前
Zebra Technologies Announces First-Quarter 2026 ResultsMay 12, 2026 6:30 AM
Business Wire Delivers strong first-quarter 2026 performance with broad-based growth across segments and regions Increases outlook for the full year 2026 Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, today announced results for the first quarter ended April 4, 2026. First-Quarter Financial Highlights Net sales of $1,495 million; year-over-year increase of 14.3% Net income of $135 million and net income per diluted share of $2.72 Non-GAAP diluted EPS increased year-over-year to $4.75 Adjusted EBITDA increased year-over-year to $347 million Share repurchases of $300 million “Our strong first quarter results demonstrate the durability of demand for our innovative technology, with organic growth across our segments and regions, led by strength in our manufacturing end market. Elo Touch also contributed solid profitable growth as we begin to drive synergies," said Bill Burns, Chief Executive Officer of Zebra Technologies. "These results underscore the value Zebra delivers as the foundation for intelligent operations across the frontline, helping customers operate more efficiently and effectively." "We are building on our track record of value creation for shareholders with $300 million of share repurchases in each of the past two quarters, supported by our strong balance sheet and cash flow," said Nathan Winters, Chief Financial Officer of Zebra Technologies. "Our results reflect our focus on profitable growth, operating discipline and margin expansion, and we remain confident in our ability to support customer demand while delivering consistent performance in a dynamic environment." $ in millions, except per share amounts 1Q26 1Q25 Change Select reported measures: Net sales $ 1,495 $ 1,308 14.3 % Gross profit 742 645 15.0 % Gross margin 49.6 % 49.3 % 30 bps Net income 135 136 (0.7 %) Net income margin 9.0 % 10.4 % (140) bps Net income per diluted share $ 2.72 $ 2.62 3.8 % Select Non-GAAP measures: Adjusted net sales $ 1,495 $ 1,308 14.3 % Organic net sales growth 4.3 % Adjusted gross profit 753 649 16.0 % Adjusted gross margin 50.4 % 49.6 % 80 bps Adjusted EBITDA 347 292 18.8 % Adjusted EBITDA margin 23.2 % 22.3 % 90 bps Non-GAAP net income $ 235 $ 208 13.0 % Non-GAAP earnings per diluted share $ 4.75 $ 4.02 18.2 % Net sales were $1,495 million in the first quarter of 2026 compared to $1,308 million in the prior year. Net sales in the Connected Frontline ("CF") segment were $825 million in the first quarter of 2026 compared to $684 million in the prior year. Asset Visibility & Automation ("AVA") segment net sales were $670 million in the first quarter of 2026 compared to $624 million in the prior year. Consolidated organic net sales for the first quarter of 2026 increased 4.3% year-over-year, with a 3.8% increase in the CF segment and a 4.8% increase in the AVA segment. First quarter 2026 gross profit was $742 million compared to $645 million in the prior year. Gross margin increased to 49.6% for the first quarter of 2026 compared to 49.3% in the prior year primarily due to favorable foreign currency exchange and business mix, and productivity initiatives. Adjusted gross margin was 50.4% in the first quarter of 2026 compared to 49.6% in the prior year. Operating expenses increased to $527 million in the first quarter of 2026 from $450 million in the prior year primarily due to expenses associated with acquired businesses including amortization of intangible assets. Adjusted operating expenses increased to $425 million in the first quarter of 2026 from $374 million in the prior year. Net income for the first quarter of 2026 was $135 million, or $2.72 per diluted share, compared to net income of $136 million, or $2.62 per diluted share, in the prior year. Non-GAAP net income increased to $235 million for the first quarter of 2026, or $4.75 per diluted share, compared to $208 million, or $4.02 per diluted share, for the prior year. Adjusted EBITDA for the first quarter of 2026 increased to $347 million, or 23.2% of adjusted net sales, compared to $292 million, or 22.3% of adjusted net sales in the prior year due to higher gross margin and lower adjusted operating expense as a percentage of sales. Balance Sheet and Cash Flow As of April 4, 2026, the Company had cash and cash equivalents of $114 million and total debt of $2,660 million. For the first three months of 2026, net cash provided by operating activities was $176 million and the Company invested $13 million in capital expenditures, resulting in free cash flow of $163 million. The Company also made share repurchases of $300 million. Outlook Mr. Burns added, "We are seeing continued momentum into the second quarter, supporting our increased outlook for the full year. Zebra's integrated portfolio of solutions is a key differentiator, enabling customers to connect data, assets and workflows to drive visibility and productivity. As e-commerce, automation and Physical AI trends accelerate, we are well positioned to drive profitable growth, build on our market leadership and innovation, and strengthen our financial position to deliver long-term shareholder value." Second Quarter 2026 The Company expects second quarter sales growth between 14% and 17% compared to the prior year. This expectation includes approximately 10.5 points of favorable net impact from business acquisitions and foreign currency. Adjusted EBITDA margin for the second quarter is expected to be slightly higher than 21%. Non-GAAP diluted earnings per share are expected to be in the range of $4.20 to $4.50. This assumes an adjusted effective tax rate of approximately 19%. Full Year 2026 The Company expects full year sales growth between 10% and 14% compared to the prior year. This expectation includes approximately 7 points of favorable net impact from business acquisitions and foreign currency. Adjusted EBITDA margin for the full year is expected to be approximately 22%. Non-GAAP diluted earnings per share are expected to be in the range of $18.30 to $18.70. This assumes an adjusted effective tax rate of approximately 19%. Free Cash Flow for the full year is expected to be greater than $900 million. The Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or amount of the most directly comparable forward-looking GAAP financial measure as discussed under the "Forward-Looking Statements" caption below. This would include items that have not yet occurred, are out of the Company’s control and/or cannot be reasonably predicted, and that would impact diluted net earnings per share. For the same reasons, the Company is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. Conference Call Notification Investors are invited to listen to a live webcast of Zebra’s conference call regarding the Company’s financial results. The conference call will be held today at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). To view the webcast, visit the investor relations section of the Company’s website at investors.zebra.com. Who is Zebra Technologies Zebra (NASDAQ: ZBRA) provides the foundation for intelligent operations with an award-winning portfolio of connected frontline, asset visibility and automation solutions which empower our customers to deploy AI on the frontline. Organizations globally across retail, manufacturing, transportation, logistics, healthcare, and other industries rely on us to deliver outcomes today while driving innovation for what’s next. Together with our partners, we create new ways of working that improve productivity and empower organizations to be better every day. Learn more at www.zebra.com. Follow Zebra on our Blog, LinkedIn, Facebook, X, Instagram and YouTube. Forward-Looking Statements This press release contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements regarding the company’s outlook. Actual results may differ from those expressed or implied in the company’s forward-looking statements. These statements represent estimates only as of the date they were made. Zebra undertakes no obligation, other than as may be required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason after the date of this release. These forward-looking statements are based on current expectations, forecasts and assumptions and are subject to the risks and uncertainties inherent in Zebra’s industry, market conditions, general domestic and international economic conditions, and other factors. These factors include customer acceptance of Zebra’s offerings and competitors' offerings, and the potential effects of emerging technologies and changes in customer requirements. The effect of global market conditions, and the availability of credit and capital markets volatility may have adverse effects on Zebra, its suppliers and its customers. In addition, natural disasters, man-made disasters, public health issues (including pandemics), and cybersecurity incidents may have negative effects on Zebra's business and results of operations. Zebra's ability to purchase sufficient materials, parts, and components, and ability to provide services, software and products to meet customer demand could negatively impact Zebra's results of operations and customer relationships. Profits and profitability will be affected by Zebra’s ability to control manufacturing and operating costs. Because of its debt, interest rates and financial market conditions may also have an adverse impact on results. Foreign exchange rates, customs duties and trade policies may have an adverse effect on financial results because of the global nature of Zebra's business. The impacts of changes in foreign and domestic governmental policies, regulations, or laws, as well as the outcome of litigation or tax matters in which Zebra may be involved are other factors that could adversely affect Zebra's business and results of operations. The success of integrating acquisitions could also adversely affect profitability, reported results and the company’s competitive position in its industry. These and other factors could have an adverse effect on Zebra’s sales, gross profit margins and results of operations and increase the volatility of Zebra's financial results. When used in this release and documents referenced, the words “anticipate,” “believe,” “outlook,” and “expect” and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. Descriptions of certain risks, uncertainties and other factors that could adversely affect the Company’s future operations and results can be found in Zebra’s filings with the Securities and Exchange Commission, including the Company’s most recent Form 10-K and Form 10-Q. Use of Non-GAAP Financial Information This press release contains certain Non-GAAP financial measures, consisting of “Adjusted EBITDA,” “Adjusted EBITDA margin,” “adjusted gross margin,” “adjusted gross profit,” “adjusted net sales,” “adjusted operating expenses,” “adjusted operating income,” “EBITDA,” “free cash flow,” “non-GAAP diluted earnings per share,” “non-GAAP earnings per share,” “non-GAAP net income,” “organic net sales,” and “organic net sales growth.” Management presents these measures to focus on the on-going operations and believes it is useful to investors because they enable them to perform meaningful comparisons of past and present operating results. The company believes it is useful to present non-GAAP financial measures, which exclude certain significant items, as a means to understand the performance of its ongoing operations and how management views the business. Please see the “Reconciliation of GAAP to Non-GAAP Financial Measures” tables and accompanying disclosures at the end of this press release for more detailed information regarding non-GAAP financial measures herein, including the items reflected in adjusted net earnings calculations. These measures, however, should not be construed as an alternative to any other measure of performance determined in accordance with GAAP. The company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis (including the information under “Outlook” above) where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or amount of various items that have not yet occurred, are out of the company’s control and/or cannot be reasonably predicted, and that would impact diluted net earnings per share, the most directly comparable forward-looking GAAP financial measure. For the same reasons, the company is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. As a global company, Zebra's operating results reported in U.S. dollars are affected by foreign currency exchange rate fluctuations because the underlying foreign currencies in which the company transacts change in value over time compared to the U.S. dollar; accordingly, the company presents certain organic growth financial information, which includes impacts of foreign currency translation, to provide a framework to assess how the company’s businesses performed excluding the impact of foreign currency exchange rate fluctuations. Foreign currency impact represents the difference in results that are attributable to fluctuations in the currency exchange rates used to convert the results for businesses where the functional currency is not the U.S. dollar. This impact is calculated by translating current period results at the currency exchange rates used in the comparable prior year period as well as removing realized cash flow hedge gains and losses from both the current and prior year periods. The company believes these measures should be considered a supplement to and not in lieu of the company’s performance measures calculated in accordance with GAAP. ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions, except per share data) April 4,
2026 December 31,
2025 (Unaudited) Assets Current assets: Cash and cash equivalents $ 114 $ 125 Accounts receivable, net of allowances for doubtful accounts of $1 million each as of April 4, 2026 and December 31, 2025 733 801 Inventories, net 692 729 Income tax receivable 30 31 Prepaid expenses and other current assets 126 110 Total Current assets 1,695 1,796 Property, plant and equipment, net 350 353 Right-of-use lease assets 170 166 Goodwill 4,709 4,727 Other intangibles, net 765 809 Deferred income taxes 410 414 Other long-term assets 233 237 Total Assets $ 8,332 $ 8,502 Liabilities and Stockholders’ Equity Current liabilities: Current portion of long-term debt $ 264 $ 141 Accounts payable 581 695 Accrued liabilities 459 558 Deferred revenue 434 446 Income taxes payable 25 12 Total Current liabilities 1,763 1,852 Long-term debt 2,387 2,361 Long-term lease liabilities 158 157 Deferred income taxes 32 32 Long-term deferred revenue 398 396 Other long-term liabilities 124 116 Total Liabilities 4,862 4,914 Stockholders’ Equity: Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued — — Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares 1 1 Additional paid-in capital 866 814 Treasury stock at cost, 23,768,847 and 22,558,911 shares as of April 4, 2026 and December 31, 2025, respectively (2,787 ) (2,488 ) Retained earnings 5,414 5,279 Accumulated other comprehensive loss (24 ) (18 ) Total Stockholders’ Equity 3,470 3,588 Total Liabilities and Stockholders’ Equity $ 8,332 $ 8,502 ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except share data) (Unaudited) Three Months Ended April 4,
2026 March 29,
2025 Net sales: Tangible products $ 1,231 $ 1,062 Services and software 264 246 Total Net sales 1,495 1,308 Cost of sales: Tangible products 623 542 Services and software 130 121 Total Cost of sales 753 663 Gross profit 742 645 Operating expenses: Selling and marketing 189 161 Research and development 165 151 General and administrative 127 111 Amortization of intangible assets 37 24 Acquisition and integration costs 1 3 Exit and restructuring costs 8 — Total Operating expenses 527 450 Operating income 215 195 Other (loss) income, net: Foreign exchange loss — (5 ) Interest expense, net (37 ) (23 ) Other expense, net (11 ) (2 ) Total Other expense, net (48 ) (30 ) Income before income tax 167 165 Income tax expense 32 29 Net income $ 135 $ 136 Basic earnings per share $ 2.74 $ 2.64 Diluted earnings per share $ 2.72 $ 2.62 ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Three Months Ended April 4,
2026 March 29,
2025 Cash flows from operating activities: Net income $ 135 $ 136 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 56 41 Loss on sale of investments 15 — Share-based compensation 58 51 Deferred income taxes — (23 ) Gain on sale of business (5 ) — Other, net 1 1 Changes in operating assets and liabilities: Accounts receivable, net 67 84 Inventories, net 34 15 Other assets (12 ) 3 Accounts payable (119 ) (76 ) Accrued liabilities (67 ) (110 ) Deferred revenue (11 ) 16 Income taxes 24 42 Other operating activities — (2 ) Net cash provided by operating activities 176 178 Cash flows from investing activities: Acquisition of business — (62 ) Proceeds from the sale of business 9 — Purchases of property, plant and equipment (13 ) (20 ) Proceeds from sale of long-term investments 1 — Other investing activities 1 — Net cash used in investing activities (2 ) (82 ) Cash flows from financing activities: Payments of debt (37 ) — Proceeds from issuance of debt 186 — Payments for repurchases of common stock (300 ) (125 ) Net payments related to share-based compensation plans (5 ) (1 ) Change in unremitted cash collections from servicing factored receivables (29 ) 2 Other financing activities — 5 Net cash used in financing activities (185 ) (119 ) Effect of exchange rate changes on cash and cash equivalents — 1 Net decrease in cash and cash equivalents (11 ) (22 ) Cash and cash equivalents at beginning of period 125 901 Cash and cash equivalents at end of period $ 114 $ 879 Supplemental disclosures of cash flow information: Income taxes paid $ 15 $ 9 Interest paid $ 26 $ 16 ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES RECONCILIATION OF ORGANIC NET SALES GROWTH (Unaudited) Three Months Ended April 4, 2026 CF AVA Consolidated Consolidated Reported GAAP Net sales growth 20.6 % 7.4 % 14.3 % Adjustments: Impact of foreign currency translations (1) (2.1 )% (2.2 )% (2.1 )% Impact of acquisitions (2) (14.7 )% (0.4 )% (7.9 )% Consolidated Organic Net sales growth 3.8 % 4.8 % 4.3 % (1) Operating results reported in U.S. Dollars are affected by foreign currency exchange rate fluctuations. Foreign currency translation impact represents the difference in results that are attributable to fluctuations in the currency exchange rates used to convert the results for businesses where the functional currency is not the U.S. Dollar. This impact is calculated by translating the current period results at the currency exchange rates used in the comparable prior year period as well as removing realized cash flow hedge gains and losses from both the current and prior year periods. (2) For purposes of computing Organic Net sales growth, amounts attributable to business acquisitions or dispositions are excluded for twelve months following or preceding the respective acquisition or disposition, respectively. ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP GROSS MARGIN AND OPERATING INCOME ($ In millions) (Unaudited) Three Months Ended April 4, 2026 March 29, 2025 CF AVA Consolidated CF AVA Consolidated GAAP Reported Net sales $ 825 $ 670 $ 1,495 $ 684 $ 624 $ 1,308 Reported Gross profit (1) 405 348 742 333 316 645 Gross Margin 49.1 % 51.9 % 49.6 % 48.7 % 50.6 % 49.3 % Operating Income (2) 169 159 215 140 135 195 Non-GAAP Adjusted Net sales $ 825 $ 670 $ 1,495 $ 684 $ 624 $ 1,308 Adjusted Gross profit (1) 405 348 753 333 316 649 Adjusted Gross Margin 49.1 % 51.9 % 50.4 % 48.7 % 50.6 % 49.6 % Adjusted Operating Income (2) 169 159 328 140 135 275 (1) Segment and Adjusted Gross profit excludes share-based compensation expense and business acquisition purchase accounting adjustments. (2) Segment and Non-GAAP Operating income excludes share-based compensation expense, business acquisition purchase accounting adjustments, amortization of intangible assets, acquisition and integration costs, exit and restructuring costs, as well as certain other non-recurring costs (impairment of goodwill and other intangible assets). ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP NET INCOME ($ In millions, except share data) (Unaudited) Three Months Ended April 4,
2026 March 29,
2025 GAAP Net income $ 135 $ 136 Adjustments to Cost of sales(1) Purchase accounting adjustments 5 — Share-based compensation 6 4 Total adjustments to Cost of sales 11 4 Adjustments to Operating expenses(1) Amortization of intangible assets 37 24 Acquisition and integration costs 1 3 Share-based compensation 56 49 Exit and restructuring costs 8 — Total adjustments to Operating expenses 102 76 Adjustments to Other expense, net(1) Amortization of debt issuance costs and discounts 1 1 Loss on sale of investments 15 — Foreign exchange loss — 5 Gain on sale of business (5 ) Total adjustments to Other expense, net 11 6 Income tax effect of adjustments(2) Reported income tax expense 32 29 Adjusted income tax (56 ) (43 ) Total adjustments to income tax (24 ) (14 ) Total adjustments 100 72 Non-GAAP Net income $ 235 $ 208 GAAP earnings per share Basic $ 2.74 $ 2.64 Diluted $ 2.72 $ 2.62 Non-GAAP earnings per share Basic $ 4.79 $ 4.06 Diluted $ 4.75 $ 4.02 Basic weighted average shares outstanding 49,017,288 51,365,011 Diluted weighted average and equivalent shares outstanding 49,428,337 51,806,550 (1) Presented on a pre-tax basis. (2) Represents adjustments to GAAP income tax expense commensurate with pre-tax non-GAAP adjustments (including the resulting impacts to U.S. BEAT/GILTI provisions), as well as adjustments to exclude the impacts of certain discrete income tax items and incorporate the anticipated annualized effects of current year tax planning. ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES GAAP to NON-GAAP RECONCILIATION TO EBITDA ($ In millions) (Unaudited) Three Months Ended April 4,
2026 March 29,
2025 GAAP Net income $ 135 $ 136 Add back: Depreciation (excluding exit and restructuring) 19 17 Amortization of intangible assets 37 24 Total Other expense, net 48 30 Income tax expense 32 29 EBITDA (Non-GAAP) 271 236 Adjustments to Cost of sales Purchase accounting adjustments 5 — Share-based compensation 6 4 Total adjustments to Cost of sales 11 4 Adjustments to Operating expenses Acquisition and integration costs 1 3 Share-based compensation 56 49 Exit and restructuring costs 8 — Total adjustments to Operating expenses 65 52 Total adjustments to EBITDA 76 56 Adjusted EBITDA (Non-GAAP) $ 347 $ 292 Adjusted EBITDA margin (Non-GAAP) 23.2 % 22.3 % FREE CASH FLOW Three Months Ended April 4,
2026 March 29,
2025 Net cash provided by operating activities $ 176 $ 178 Less: Purchases of property, plant and equipment (13 ) (20 ) Free cash flow (Non-GAAP)(1) $ 163 $ 158 (1) Free cash flow, a non-GAAP measure, is defined as Net cash provided by (used in) operating activities in a period minus purchases of property, plant and equipment (capital expenditures) made in that period. View source version on businesswire.com: https://www.businesswire.com/news/home/20260512349117/en/ Investors
Michael Steele, CFA, IRC
Vice President, Investor Relations
Phone: + 1 847 518 6432
InvestorRelations@zebra.com Media
Therese Van Ryne
Senior Director, External Communications
Phone: + 1 847 370 2317
therese.vanryne@zebra.com Original: Zebra Technologies Announces First-Quarter 2026 Results
US Market News
2月前
Zebra Technologies Makes Strategic Investment in Apera AI to Drive Intelligent AutomationApril 29, 2026 8:10 AM
Business Wire
Apera AI enables the next wave of factory automation with 4D Vision, bringing Physical AI to robots so they can perceive, reason, and act in dynamic, unstructured manufacturing environments
Zebra Ventures, the corporate venture capital arm of Zebra Technologies Corporation (NASDAQ: ZBRA), today announced a strategic investment in Apera AI, a provider of 4D Vision for industrial robots. This venture investment reinforces Zebra’s focus on digitizing and automating workflows to accelerate frontline operations for organizations in the manufacturing and logistics industries and beyond.
Apera AI’s 4D Vision system equips robots with real-time visual intelligence, enabling them to locate, identify, and manipulate complex parts with speed, precision, and reliability. Apera AI uses light-resilient stereo vision and AI models to function reliably in dynamic, real-world factory conditions, adapting to shifting bins, changing lighting conditions, worn grippers, and complex part geometry.
The solution enables robots to perform challenging tasks – like picking clear, shiny, or overlapping parts – using adaptive vision trained in virtual simulation environments. The Apera 4D Vision technology is optimized for unstructured, fast-paced production lines where flexibility, speed of deployment, and adaptability are critical.
“Our investment in Apera AI is a strategic step toward a more intelligent, responsive automation future,” said Tony Palcheck, Vice President, Zebra Ventures. “We are committed to helping organizations reach new levels of performance through automated workflows, and Apera AI offers a powerful new approach which we are excited to support through our venture investment.”
Zebra provides organizations of all sizes globally with cutting-edge AI and 3D-based vision solutions including products from Photoneo, a leader in 3D-based imaging, which was acquired by Zebra in 2025. These represent some of the technologies within Zebra’s Connected Factory framework which is designed to improve actionable visibility, optimized quality and workforce augmentation to help organizations digitize, automate and streamline their operations.
With the investment from Zebra Ventures, Apera AI will enhance its ability to support customers who require fast, scalable deployments, particularly in complex or variable manufacturing environments where Physical AI delivers adaptability. Manufacturers can deploy Apera-powered systems with minimal engineering time, accelerating ROI and reducing automation friction.
“Zebra Ventures’ support marks a major milestone for Apera AI,” said Sina Afrooze, Co-Founder & CEO, Apera AI. “We’re proud to play a role in the future of industrial automation powered by AI and vision-driven intelligence. We look forward to helping manufacturers standardize on vision-guided robotics faster, scale throughput, and protect uptime across their plant floors.”
KEY TAKEAWAYS
Zebra Ventures’ investment in Apera AI underscores Zebra’s commitment to accelerate workflows across the supply chain and optimize manufacturing and logistics operations.
Apera AI’s 4D Vision system empowers robots with real-time visual intelligence, enabling precise handling of complex tasks in dynamic production environments.
Apera AI’s software-first approach helps ensure minimal calibration, faster implementation, and accelerated return on investment for manufacturers.
WHO IS ZEBRA TECHNOLOGIES?
Zebra (NASDAQ: ZBRA) provides the foundation for intelligent operations with an award-winning portfolio of connected frontline, asset visibility and automation solutions which empower our customers to deploy AI on the frontline. Organizations globally across retail, manufacturing, transportation, logistics, healthcare, and other industries rely on us to deliver outcomes today while driving innovation for what’s next. Together with our partners, we create new ways of working that improve productivity and empower organizations to be better every day. Learn more at www.zebra.com.
Follow Zebra on our Blog, LinkedIn, Facebook, X, Instagram and YouTube.
ABOUT APERA AI
The pioneer in Physical AI with 4D Vision technology, Apera AI makes factories more productive by empowering robots with human-like vision and advanced artificial intelligence, dramatically increasing speed, accuracy, and reliability. Its patented 4D Vision system unlocks factory performance, enabling automotive OEMs, Tier 1 suppliers, and other industrial manufacturers to achieve unmatched levels of productivity, quality, and cost savings.
Learn more at www.apera.ai
View source version on businesswire.com: https://www.businesswire.com/news/home/20260429525079/en/
Media Contact:
Therese Van Ryne
Zebra Technologies
+1-847-370-2317
therese.vanryne@zebra.com
Industry Analyst Contact:
Kasia Fahmy
Zebra Technologies
+1-224-306-8654
k.fahmy@zebra.com
Original: Zebra Technologies Makes Strategic Investment in Apera AI to Drive Intelligent Automation
US Market News
2月前
Zebra Technologies Celebrates 10 Year Anniversary of PartnerConnect ProgramApril 27, 2026 8:10 AM
Business Wire
Company marks a decade of channel-first commitment, partner growth, and customer-centric innovation
Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, today is celebrating the 10th anniversary of its Zebra™ PartnerConnect program. Zebra launched the program in 2016, unifying its global channel partners under a single, comprehensive program designed to foster growth, profitability, and success for the entire ecosystem.
For a decade, Zebra has demonstrated an unwavering commitment to its more than 10,000 active channel partners globally. The PartnerConnect program provides a proven model for partner advancement, equipping resellers, distributors, independent software vendors (ISVs), systems integrators (SIs), alliances and solution partners with the tools and resources necessary to grow their businesses and increase profitability.
“The longevity and success of our PartnerConnect program underscore our deep commitment to a channel-first business strategy,” said Bill Cate, Vice President, Marketing, Portfolio & Ecosystems, Zebra Technologies. “Partners represent an integral part of Zebra’s success, extending our reach and enabling us to better serve our shared customers with solutions that digitize, automate and embed intelligence into frontline operations everywhere."
The program structure complements numerous business models, providing differentiated rewards that help partners succeed and showcase their unique capabilities in the market. This powerful combination of Zebra's solutions and the specialized expertise of its partners has resulted in a decade of innovation across connected frontline, asset visibility and automation solutions.
Over the last 10 years, the PartnerConnect program has continuously evolved to empower partners and adapt to market needs. Key milestones include:
Introduction of strategic specializations: The program expanded to include specialized tracks for Small and Medium-Sized Businesses (SMB) and the Public Sector. It also features tracks for emerging technologies like RFID and machine vision, enabling partners to develop and showcase their expertise in key vertical markets.
Prestigious industry recognition: The program's success is consistently recognized by the industry, recently earning a prestigious 5-star rating in the 2026 CRN® Partner Program Guide.
Expansion of the partner ecosystem: The program drives a collaborative environment where partners work together, combining their unique expertise to create more comprehensive and powerful solutions that solve the complex needs of the customer.
The program helps partners leverage Zebra’s award-winning portfolio of hardware, software, and automation solutions, which give customers real-time insight, connected collaboration, and optimized workflows. By equipping the frontline of business with these digital tools, Zebra and its partners help organizations realize the vision of digitized, automated, and intelligent operations.
Together with its partners, Zebra delivers the foundation for intelligent operations – where data, automation and AI transform frontline workflows. This collaboration creates new ways of working that improve productivity and empower organizations across key industries like retail, healthcare, manufacturing, and transportation and logistics.
KEY TAKEAWAYS
Zebra marks the 10th anniversary of its PartnerConnect program, celebrating a decade of shared success with its global partner ecosystem.
The program reinforces Zebra’s channel-first strategy, reflecting a deep commitment to its more than 10,000 partners worldwide.
PartnerConnect provides a proven model for partner growth, enabling businesses to increase profitability by delivering solutions that connect the frontline as well as provide asset visibility and intelligent automation.
WHO IS ZEBRA TECHNOLOGIES?
Zebra (NASDAQ: ZBRA) provides the foundation for intelligent operations with an award-winning portfolio of connected frontline, asset visibility and automation solutions which empower our customers to deploy AI on the frontline. Organizations globally across retail, manufacturing, transportation, logistics, healthcare, and other industries rely on us to deliver outcomes today while driving innovation for what’s next. Together with our partners, we create new ways of working that improve productivity and empower organizations to be better every day. Learn more at www.zebra.com.
Follow Zebra on our Blog, LinkedIn, Facebook, X, Instagram and YouTube.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260427278311/en/
Media Contact:
Matt Towson
Zebra Technologies
+1-773-454-5396
matt.towson@zebra.com
Industry Analyst Contact:
Kasia Fahmy
Zebra Technologies
+1-224-306-8654
k.fahmy@zebra.com
Original: Zebra Technologies Celebrates 10 Year Anniversary of PartnerConnect Program
US Market News
3月前
Zebra Technologies and Aiva Health Announce Partnership to Power Hands-Free Nurse WorkflowsApril 9, 2026 7:50 PM
PR Newswire (US)
Aiva Nurse Assistant brings voice-enabled clinical support to Zebra's HC20/HC50 mobile computers and new WS101-H badge devicesLINCOLNSHIRE, Ill. and LOS ANGELES, April 9, 2026 /PRNewswire/ -- Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, and Aiva Health, a pioneer in voice-powered clinical software, today announced a partnership to support hands-free nurse workflows using Aiva's AI-powered Aiva Nurse Assistant on Zebra healthcare devices, including the HC20/HC50 mobile computers and Zebra's new WS101-H wearable badge.
Through this collaboration, healthcare organizations can equip nurses with a voice-first assistant that works seamlessly with Zebra's purpose-built devices, enabling clinicians to complete routine tasks, retrieve information, and communicate – all without breaking focus on patient care. This is a real-world example of Zebra's visionary framework, Orchestrated Care which is designed to help healthcare organizations provide intelligent visibility, empower teams and optimize operations. This approach is powered by Zebra's extensive portfolio of healthcare technology, including mobile computers, scanners, printers, touchscreen displays, RFID, real-time location solutions and software, supported by a robust ecosystem of implementation and technology partners like Aiva.Voice-Enabled Support, Designed for the FrontlineAiva Nurse Assistant is an ambient, voice-powered AI assistant built specifically for hospital environments. Nurses have charted millions of rows with Aiva, drastically reducing documentation time, improving patient experience scores and cutting incidental overtime costs. It allows nurses to use natural voice commands to perform common tasks such as:Flowsheet Documentation, directly to Epic® and Cerner/Oracle Health® Work Order Submission via ServiceNow®Access to Clinical Policies & ProceduresVoice-initiation of Clinical Interpretation Sessions: LanguageLine® and AMN Healthcare®When paired with Zebra's HC20/HC50 mobile computers, nurses can use Aiva alongside familiar mobile workflows. With Zebra's new WS101-H badge, Aiva enables truly hands-free interactions, allowing nurses to speak naturally without reaching for a device, even while wearing gloves or performing clinical procedures.Built for Healthcare EnvironmentsZebra's HC20/HC50 devices and WS101-H badge are designed for demanding healthcare settings, offering durability, security, and ergonomics that clinicians trust. Aiva's voice AI integrates seamlessly into these devices, supporting:Fast, low-latency voice interactionsSecure, HIPAA-compliant communicationIntegration with hospital systems and workflowsTogether, Zebra and Aiva reduce administrative burden, minimize interruptions, and help nurses spend more time at the bedside.Supporting the Future of Clinical WorkflowsThe partnership reflects a shared vision to modernize frontline healthcare workflows through intuitive, wearable, and voice-enabled technology. As hospitals continue to face staffing shortages and rising complexity, hands-free solutions like Aiva Nurse Assistant on Zebra devices offer a scalable way to support nurses without adding friction."Nurses are the heart of healthcare, and our mission is to empower them with technology that lets them focus on what they do best: caring for patients," said Kassaundra McKnight-Young, Chief Nursing Informatics Officer, Zebra Technologies. "This partnership with Aiva is a milestone in our commitment to clinician well-being. By combining Aiva's intuitive voice assistant with our purpose-built healthcare devices, we are creating a truly hands-free experience that reduces administrative tasks and gives nurses back valuable time at the bedside.""Nurses are our healthcare superheroes, but for years hospitals have overburdened them with new systems while focusing on streamlining the work of physicians," said Sumeet Bhatia, Aiva Founder and CEO. "With Aiva and Zebra, hospitals can dramatically reduce the administrative burden of nurses too, while also improving patient experience and cutting costs."About Zebra TechnologiesZebra provides the foundation for intelligent operations with an award-winning portfolio of connected frontline, asset visibility and automation solutions powered by AI. Organizations globally across retail, manufacturing, transportation, logistics, healthcare, and other industries rely on us to deliver outcomes today while driving innovation for what's next. Together with our partners, we create new ways of working that improve productivity and empower organizations to be better every day. Learn more at www.zebra.com.About Aiva HealthAiva Health is a leader in voice-powered AI solutions for healthcare. Its flagship product, Aiva Nurse Assistant, delivers ambient, hands-free clinical tools that help nurses stay focused on patients while reducing operational friction. Aiva partners with healthcare systems and device manufacturers to seamlessly introduce voice technology into clinical environments. Learn more at www.aivahealth.com.Contact:
Stan Holt
stan.holt@aivainc.com
Head of Marketing & Operations
View original content to download multimedia:https://www.prnewswire.com/news-releases/zebra-technologies-and-aiva-health-announce-partnership-to-power-hands-free-nurse-workflows-302738844.htmlSOURCE Aiva, Inc.
Original: Zebra Technologies and Aiva Health Announce Partnership to Power Hands-Free Nurse Workflows
US Market News
3月前
Zebra Technologies Showcases Solutions at MODEX 2026 to Accelerate the Supply ChainApril 9, 2026 8:07 AM
Business Wire
New hands-free RFID wearable and AI-optimized mobile computers improve supply chain visibility
Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, will demonstrate a powerful ecosystem of manufacturing, warehouse, and supply chain solutions at MODEX 2026. From April 13-16 in Booth #B11902 at the Georgia World Congress Center in Atlanta, the company will demonstrate new innovative hardware and software solutions designed to improve supply chain visibility and frontline productivity.
“Our goal at MODEX is to show leaders a practical roadmap for digitizing and automating workflows to accelerate their frontline operations,” said Charlie Long, Vice President and General Manager, Machine Vision and Fixed Industrial Scanning, Zebra Technologies. “By deploying solutions that increase visibility and power agility across the supply chain, businesses can improve outcomes for their customers every day.”
According to Zebra’s study with Oxford Economics, nearly one-third of manufacturers and 37% of transportation and logistics leaders rank enhancing supply chain visibility as a top priority over the next three years. This reinforces the importance of Zebra’s Connected Factory framework which is designed to improve actionable visibility, optimized quality and workforce augmentation to help organizations digitize, automate and streamline their operations.
New Solutions to Connect the Frontline
Headlining Zebra’s MODEX showcase will be the new WS501-R, a rugged, all-in-one wearable computer that boosts frontline productivity with powerful multimodal capabilities such as barcode scanning and voice-directed picking solutions from our ISV partners into a single, hands-free tool. And with the integration of high-performance RFID, Zebra enables companies to capture item-level details of each product scanned which provides detailed real-time data for decision-making and future-proofs organizations as they move toward AI-based operations.
Alongside the new wearable, Zebra will feature its recently launched TC501 and TC701 mobile computers. These rugged devices are optimized with powerful on-device AI capabilities from Zebra’s Frontline AI Suite so they can analyze data at the point of capture for tasks including rapid picture proof of delivery, text recognition, and real-time tracking. This empowers operations leaders to make smarter, faster decisions throughout the supply chain while turning every mobile computer into a powerful computer vision endpoint also capable of running AI agents optimized for the frontline.
In addition, Zebra’s MODEX booth will also feature innovative touchscreen computer technology from Elo, now part of Zebra Technologies. Demos will also include unique experiences offered through the combination of Zebra products and innovative software applications provided by our ISV partners.
In-Booth Demonstrations Offer Practical Intelligent Automation Use Cases
Visitors to Zebra’s booth will experience these solutions and see how they deliver tangible benefits across receiving, picking, shipping, and the last mile. Attendees can also see Zebra’s new Jam Detection solution, which uses machine vision and AI to help prevent expensive and unnecessary conveyor shutdowns. Additionally, Jabil, a global engineering, supply chain, and manufacturing solutions provider will be in the booth showing how it uses Zebra's solutions to enhance its own complex supply chain operations.
Zebra executives will also lead two educational sessions during the event:
Efficient Operations through Zebra's Frontline AI Suite, presented by Yogesh Kulkarni, Vice President, Strategy, Products and Solutions at Zebra Technologies on Monday, April 13 from 2:30 PM – 3:15 PM in Theater A.
How Technology and Automation Empower Warehouse Leaders and Improve the Supply Chain, presented by Andres Boullosa, Global Director, Warehouse Vertical Strategy, and Wes Coleman, Industry Principal - Warehouse at Zebra Technologies on Wednesday, April 15 from 10:30 AM – 11:15 AM in Theater C.
KEY TAKEAWAYS
At MODEX 2026, Zebra will feature the WS501-R wearable computer and the AI-optimized TC501 and TC701 mobile computers designed to improve supply chain visibility and frontline productivity.
See how Zebra’s Jam Detection solution uses AI and machine vision to help minimize costly conveyor shutdowns.
Visit Booth #B11902 to see a live warehouse experience and learn how customer Jabil uses Zebra technology to enhance its own operations.
WHO IS ZEBRA TECHNOLOGIES?
Zebra (NASDAQ: ZBRA) provides the foundation for intelligent operations with an award-winning portfolio of connected frontline, asset visibility and automation solutions powered by AI. Organizations globally across retail, manufacturing, transportation, logistics, healthcare, and other industries rely on us to deliver outcomes today while driving innovation for what’s next. Together with our partners, we create new ways of working that improve productivity and empower organizations to be better every day. Learn more at www.zebra.com.
Follow Zebra on our Blog, LinkedIn, Facebook, X, Instagram and YouTube.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260409554867/en/
Media Contact:
Denis Klimentov
Zebra Technologies
+1-(905)-812-6391
denis.klimentov@zebra.com
Industry Analyst Contact:
Kasia Fahmy
Zebra Technologies
+1-(224)-306-8654
k.fahmy@zebra.com
Original: Zebra Technologies Showcases Solutions at MODEX 2026 to Accelerate the Supply Chain
US Market News
4月前
Zebra Technologies’ PartnerConnect Program Earns Top Rating in 2026 CRN® Partner Program GuideMarch 12, 2026 8:07 AM
Business Wire
Company recognized for exceptional alignment with partner growth and business evolution
Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, today announced it has been recognized by CRN®, a brand of The Channel Company, with a prestigious 5-star rating in its 2026 Partner Program Guide.
CRN’s annual guide offers essential information to help managed service providers, value-added resellers, systems integrators, and strategic service providers find the right strategic partners that best support their business needs. The 5-star rating distinguishes companies that go above and beyond to nurture extraordinary channel partnerships, demonstrating exceptional alignment with partner growth, profitability, and business evolution.
For the 2026 CRN Partner Program Guide, CRN’s research team evaluated vendors based on program requirements and offerings such as partner training and education, pre- and post-sales support, marketing programs and resources, technical support, and communication.
“We are honored to receive CRN’s 5-star rating for our PartnerConnect program,” said Bill Cate, Vice President, Marketing, Portfolio & Ecosystems, Zebra Technologies. “Our partners play a strategic role in Zebra’s go-to-market strategy, extending our reach to better serve customers by providing them with solutions to digitize, automate, and embed intelligence into their frontline workflows every day. We hold a deep commitment to making it easy for partners to work with Zebra and differentiate themselves with our portfolio of connected frontline, asset visibility, and automation solutions.”
The award-winning Zebra PartnerConnect Program complements its partners’ numerous business models, whether they resell, distribute, influence, integrate, or develop solutions leveraging Zebra’s broad portfolio. The program focuses on opportunity, profitability and simplicity for Zebra's 10,000+ active channel partners globally. It provides them differentiated rewards based on how they uniquely add value to their customers and Zebra’s business, helping them achieve success.
“Being included in the 2026 CRN Partner Program Guide reflects how today’s technology vendors are rethinking their partner programs to keep pace with a rapidly evolving channel,” said Jennifer Follett, Vice President, U.S. Content, Executive Editor, CRN, at The Channel Company. “As solution providers navigate new customer demands, business models and technologies, this annual guide serves as a critical resource for identifying vendors that are investing in programs designed to drive long-term growth and shared success. The guide delivers meaningful insight into what sets each partner program apart, helping solution providers make confident, strategic partnership decisions.”
KEY TAKEAWAYS
Zebra earns a 5-Star rating in the 2026 CRN® Partner Program Guide for its award-winning PartnerConnect program.
The 5-star rating recognizes companies demonstrating exceptional alignment with partner growth, profitability, and business evolution.
Zebra’s PartnerConnect program supports an ecosystem of over 10,000 partners globally, enabling them to deliver solutions that create a connected frontline and intelligent automation.
Learn more about the 2026 Partner Program Guide here.
WHO IS ZEBRA TECHNOLOGIES?
Zebra (NASDAQ: ZBRA) provides the foundation for intelligent operations with an award-winning portfolio of connected frontline, asset visibility and automation solutions powered by AI. Organizations globally across retail, manufacturing, transportation, logistics, healthcare, and other industries rely on us to deliver outcomes today while driving innovation for what’s next. Together with our partners, we create new ways of working that improve productivity and empower organizations to be better every day. Learn more at www.zebra.com.
Follow Zebra on our Blog, LinkedIn, Facebook, X, Instagram and YouTube.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260312163585/en/
Media Contact:
Therese Van Ryne
Zebra Technologies
+1-847-370-2317
therese.vanryne@zebra.com
Industry Analyst Contact:
Kasia Fahmy
Zebra Technologies
+1-224-306-8654
k.fahmy@zebra.com
Original: Zebra Technologies’ PartnerConnect Program Earns Top Rating in 2026 CRN® Partner Program Guide
US Market News
5月前
Zebra Technologies Announces Fourth-Quarter and Full-Year 2025 ResultsFebruary 12, 2026 6:30 AM
Business Wire
Fourth-Quarter Financial Highlights
Net sales of $1,475 million; year-over-year increase of 10.6%
$76 million exit and restructuring charges for actions to increase focus and productivity
Net income of $70 million and net income per diluted share of $1.39, year-over-year decrease of 57.1% and 55.7%, respectively
Non-GAAP diluted EPS increased 8.3% year-over-year to $4.33
Adjusted EBITDA increased 10.5% year-over-year to $326 million
$303 million of share repurchases towards its previously announced $500 million 12-month commitment
Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, today announced results for the fourth quarter and full year ended December 31, 2025.
“We delivered a strong finish to the year as our team continued to advance the strategic priorities that strengthen Zebra’s leadership in digitizing and automating workflows,” said Bill Burns, Chief Executive Officer, Zebra Technologies. “We entered 2026 with a healthy backlog and pipeline, momentum from the Elo Touch acquisition, and a sharper focus on our highest-growth opportunities. We have also made strong progress on our commitment to return capital to shareholders, and our Board of Directors approved an additional $1 billion share repurchase authorization. Zebra is well positioned to deliver innovative solutions for our customers and long-term shareholder value."
$ in millions, except per share amounts
4Q25
4Q24
Change
FY25
FY24
Change
Select reported measures:
Net sales
$
1,475
$
1,334
10.6
%
$
5,396
$
4,981
8.3
%
Gross profit
698
648
7.7
%
2,593
2,413
7.5
%
Gross margin
47.3
%
48.6
%
(130) bps
48.1
%
48.4
%
(30) bps
Net income
70
163
(57.1
%)
419
528
(20.6
%)
Net income margin
4.7
%
12.2
%
(750) bps
7.8
%
10.6
%
(280) bps
Net income per diluted share
$
1.39
$
3.14
(55.7
%)
$
8.18
$
10.18
(19.6
%)
Select Non-GAAP measures:
Adjusted net sales
$
1,475
$
1,334
10.6
%
$
5,396
$
4,981
8.3
%
Organic net sales growth
2.5
%
6.2
%
Adjusted gross profit
711
650
9.4
%
2,615
2,422
8.0
%
Adjusted gross margin
48.2
%
48.7
%
(50) bps
48.5
%
48.6
%
(10) bps
Adjusted EBITDA
326
295
10.5
%
1,170
1,047
11.7
%
Adjusted EBITDA margin
22.1
%
22.1
%
0 bps
21.7
%
21.0
%
70 bps
Non-GAAP net income
$
219
$
208
5.3
%
$
811
$
701
15.7
%
Non-GAAP earnings per diluted share
$
4.33
$
4.00
8.3
%
$
15.84
$
13.52
17.2
%
Net sales were $1,475 million in the fourth quarter of 2025 compared to $1,334 million in the prior year. Net Sales in the Connected Frontline ("CF") segment were $854 million in the fourth quarter of 2025 compared to $726 million in the prior year. Asset Visibility & Automation ("AVA") segment net sales were $621 million in the fourth quarter of 2025 compared to $608 million in the prior year. Consolidated organic net sales for the fourth quarter of 2025 increased 2.5% year over year, with a 3.6% increase in the CF segment and 1.3% increase in the AVA segment.
Fourth-quarter 2025 gross profit was $698 million compared to $648 million in the prior year. Gross margin decreased to 47.3% for the fourth quarter of 2025 compared to 48.6% in the prior year. The decrease was primarily due to lower services and software margin. Adjusted gross margin was 48.2% in the fourth quarter of 2025, compared to 48.7% in the prior year.
Operating expenses increased in the fourth quarter of 2025 to $559 million from $423 million in the prior year primarily due to exit and restructuring charges including the previously announced plans to exit our robotics business, as well as the addition of the Elo Touch acquisition. Adjusted operating expenses increased in the fourth quarter of 2025 to $404 million from $373 million in the prior year.
Net income for the fourth quarter of 2025 was $70 million, or $1.39 per diluted share, compared to net income of $163 million, or $3.14 per diluted share, in the prior year. Non-GAAP net income for the fourth quarter of 2025 increased to $219 million, or $4.33 per diluted share, compared to $208 million, or $4.00 per diluted share, in the prior year.
Adjusted EBITDA for the fourth quarter of 2025 increased to $326 million, or 22.1% of adjusted net sales, compared to $295 million, or 22.1% of adjusted net sales, in the prior year due to improved operating expense leverage.
Balance Sheet and Cash Flow
As of December 31, 2025, the Company had cash and cash equivalents of $125 million and total debt of $2,511 million.
For the full year 2025, net cash provided by operating activities was $917 million and the Company made capital expenditures of $86 million, resulting in free cash flow of $831 million. The Company acquired Elo Touch and Photoneo for $1,365 million, made share repurchases under its existing authorization of $587 million and had net debt payments of $328 million.
Zebra's Board of Directors has authorized the repurchase of $1 billion of common stock, which augments the previous $1 billion purchase authorization.
Outlook
First Quarter 2026
The Company expects sales growth between 11% and 15% compared to the prior year. This expectation includes an approximately 10 point favorable impact from acquisitions and foreign currency translation.
Adjusted EBITDA margin for the first quarter is expected to be between approximately 21% and 22%. Non-GAAP diluted earnings per share are expected to be in the range of $4.05 to $4.35.
Full Year 2026
The Company expects sales growth between 9% and 13% compared to the prior year. This expectation includes an approximately 7 point favorable impact from acquisitions and foreign currency translation.
Adjusted EBITDA margin for the full year is expected to be approximately 22%. Non-GAAP diluted earnings per share are expected to be in the range of $17.70 to $18.30. This assumes an adjusted effective tax rate of approximately 19%.
Free cash flow is expected to be at least $900 million.
The Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or amount of the most directly comparable forward-looking GAAP financial measure as discussed under the "Forward-Looking Statements" caption below. This would include items that have not yet occurred, are out of the Company’s control and/or cannot be reasonably predicted, and that would impact diluted net earnings per share. For the same reasons, the Company is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.
Conference Call Notification
Investors are invited to listen to a live webcast of Zebra’s conference call regarding the Company’s financial results. The conference call will be held today at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). To view the webcast, visit the investor relations section of the company’s website at investors.zebra.com.
Who is Zebra Technologies
Zebra (NASDAQ: ZBRA) provides the foundation for intelligent operations with an award-winning portfolio of connected frontline, asset visibility and automation solutions powered by AI. Organizations globally across retail, manufacturing, transportation, logistics, healthcare, and other industries rely on us to deliver outcomes today while driving innovation for what's next. Together with our partners, we create new ways of working that improve productivity and empower organizations to be better every day. Learn more at www.zebra.com.
Follow Zebra on our Blog, LinkedIn, Facebook, X, Instagram and YouTube.
Forward-Looking Statements
This press release contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements regarding the company’s outlook. Actual results may differ from those expressed or implied in the company’s forward-looking statements. These statements represent estimates only as of the date they were made. Zebra undertakes no obligation, other than as may be required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason after the date of this release.
These forward-looking statements are based on current expectations, forecasts and assumptions and are subject to the risks and uncertainties inherent in Zebra’s industry, market conditions, general domestic and international economic conditions, and other factors. These factors include customer acceptance of Zebra’s offerings and competitors' offerings, and the potential effects of emerging technologies and changes in customer requirements. The effect of global market conditions, and the availability of credit and capital markets volatility may have adverse effects on Zebra, its suppliers and its customers. In addition, natural disasters, man-made disasters, public health issues (including pandemics), and cybersecurity incidents may have negative effects on Zebra's business and results of operations. Zebra's ability to purchase sufficient materials, parts, and components, and ability to provide services, software and products to meet customer demand could negatively impact Zebra's results of operations and customer relationships. Profits and profitability will be affected by Zebra’s ability to control manufacturing and operating costs. Because of its debt, interest rates and financial market conditions may also have an adverse impact on results. Foreign exchange rates, customs duties and trade policies may have an adverse effect on financial results because of the global nature of Zebra's business. The impacts of changes in foreign and domestic governmental policies, regulations, or laws, as well as the outcome of litigation or tax matters in which Zebra may be involved are other factors that could adversely affect Zebra's business and results of operations. The success of integrating acquisitions could also adversely affect profitability, reported results and the company’s competitive position in its industry. These and other factors could have an adverse effect on Zebra’s sales, gross profit margins and results of operations and increase the volatility of Zebra's financial results. When used in this release and documents referenced, the words “anticipate,” “believe,” “outlook,” and “expect” and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. Descriptions of certain risks, uncertainties and other factors that could adversely affect the Company’s future operations and results can be found in Zebra’s filings with the Securities and Exchange Commission, including the company’s most recent Form 10-K and Form 10-Q.
Use of Non-GAAP Financial Information
This press release contains certain Non-GAAP financial measures, consisting of “Adjusted EBITDA,” “Adjusted EBITDA margin,” “adjusted gross margin,” “adjusted gross profit,” “adjusted net sales,” “adjusted operating expenses,” “EBITDA,” “free cash flow,” “non-GAAP diluted earnings per share,” “non-GAAP earnings per share,” “non-GAAP net income,” “organic net sales,” and “organic net sales growth.” Management presents these measures to focus on the on-going operations and believes it is useful to investors because they enable them to perform meaningful comparisons of past and present operating results. The company believes it is useful to present non-GAAP financial measures, which exclude certain significant items, as a means to understand the performance of its ongoing operations and how management views the business. Please see the “Reconciliation of GAAP to Non-GAAP Financial Measures” tables and accompanying disclosures at the end of this press release for more detailed information regarding non-GAAP financial measures herein, including the items reflected in adjusted net earnings calculations. These measures, however, should not be construed as an alternative to any other measure of performance determined in accordance with GAAP.
The company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis (including the information under “Outlook” above) where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or amount of various items that have not yet occurred, are out of the company’s control and/or cannot be reasonably predicted, and that would impact diluted net earnings per share, the most directly comparable forward-looking GAAP financial measure. For the same reasons, the company is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.
As a global company, Zebra's operating results reported in U.S. dollars are affected by foreign currency exchange rate fluctuations because the underlying foreign currencies in which the company transacts change in value over time compared to the U.S. dollar; accordingly, the company presents certain organic growth financial information, which includes impacts of foreign currency translation, to provide a framework to assess how the company’s businesses performed excluding the impact of foreign currency exchange rate fluctuations. Foreign currency impact represents the difference in results that are attributable to fluctuations in the currency exchange rates used to convert the results for businesses where the functional currency is not the U.S. dollar. This impact is calculated by translating current period results at the currency exchange rates used in the comparable prior year period as well as removing realized cash flow hedge gains and losses from both the current and prior year periods. The company believes these measures should be considered a supplement to and not in lieu of the company’s performance measures calculated in accordance with GAAP.
ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
December 31,
2025
2024
Assets
Current assets:
Cash and cash equivalents
$
125
$
901
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of December 31, 2025 and 2024, respectively
801
692
Inventories, net
729
693
Income tax receivable
31
20
Prepaid expenses and other current assets
110
134
Total Current assets
1,796
2,440
Property, plant and equipment, net
353
305
Right-of-use lease assets
166
167
Goodwill
4,727
3,891
Other intangibles, net
809
422
Deferred income taxes
414
512
Other long-term assets
237
231
Total Assets
$
8,502
$
7,968
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of long-term debt
$
141
$
79
Accounts payable
695
633
Accrued liabilities
558
503
Deferred revenue
446
453
Income taxes payable
12
36
Total Current liabilities
1,852
1,704
Long-term debt
2,361
2,092
Long-term lease liabilities
157
155
Deferred income taxes
32
57
Long-term deferred revenue
396
304
Other long-term liabilities
116
70
Total Liabilities
4,914
4,382
Stockholders’ Equity:
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued
—
—
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares
1
1
Additional paid-in capital
814
669
Treasury stock at cost, 22,558,911 and 20,645,798 shares as of December 31, 2025 and 2024, respectively
(2,488
)
(1,900
)
Retained earnings
5,279
4,860
Accumulated other comprehensive loss
(18
)
(44
)
Total Stockholders’ Equity
3,588
3,586
Total Liabilities and Stockholders’ Equity
$
8,502
$
7,968
ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
Three Months Ended
Twelve Months Ended
(Unaudited)
December 31,
2025
December 31,
2024
December 31,
2025
December 31,
2024
Net sales:
Tangible products
$
1,220
$
1,085
$
4,418
$
4,016
Services and software
255
249
978
965
Total Net sales
1,475
1,334
5,396
4,981
Cost of sales:
Tangible products
644
561
2,296
2,100
Services and software
133
125
507
468
Total Cost of sales
777
686
2,803
2,568
Gross profit
698
648
2,593
2,413
Operating expenses:
Selling and marketing
175
151
653
600
Research and development
152
138
593
563
General and administrative
109
107
433
381
Amortization of intangible assets
40
24
114
104
Acquisition and integration costs
7
3
24
6
Exit and restructuring costs
76
—
76
17
Total Operating expenses
559
423
1,893
1,671
Operating income
139
225
700
742
Other (loss) income, net:
Foreign exchange (loss) gain
(3
)
11
(18
)
5
Interest expense, net
(37
)
(27
)
(108
)
(98
)
Other expense, net
(1
)
(1
)
(14
)
(14
)
Total Other expense, net
(41
)
(17
)
(140
)
(107
)
Income before income tax
98
208
560
635
Income tax expense
28
45
141
107
Net income
$
70
$
163
$
419
$
528
Basic earnings per share
$
1.40
$
3.17
$
8.24
$
10.25
Diluted earnings per share
$
1.39
$
3.14
$
8.18
$
10.18
ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
Year Ended December 31,
2025
2024
Cash flows from operating activities:
Net income
$
419
$
528
Adjustments to reconcile net income to net cash provided by (used in) operating
Depreciation and amortization
185
172
Impairment of goodwill, intangibles and other assets
45
—
Equity-settled share-based compensation
163
89
Deferred income taxes
21
(94
)
Unrealized gain on forward interest rate swaps
—
(31
)
Other, net
14
14
Changes in operating assets and liabilities:
Accounts receivable, net
(39
)
(181
)
Inventories, net
54
105
Other assets
6
9
Accounts payable
1
176
Accrued liabilities
(29
)
131
Deferred revenue
75
(13
)
Income taxes
(1
)
68
Settlement liability
—
(45
)
Cash receipts on forward interest rate swaps
—
86
Other operating activities
3
(1
)
Net cash provided by operating activities
917
1,013
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired
(1,365
)
—
Purchases of property, plant and equipment
(86
)
(59
)
Proceeds from sale (purchases) of short-term investments
—
5
Proceeds from the sale of long-term investments
1
—
Purchases of long-term investments
(5
)
(3
)
Net cash used in investing activities
(1,455
)
(57
)
Cash flows from financing activities:
Proceeds from issuance of debt
347
651
Payments of debt
(19
)
(694
)
Payment of debt issuance costs, extinguishment costs and discounts
—
(9
)
Payments for repurchases of common stock
(587
)
(47
)
Net payments related to share-based compensation plans
(14
)
(30
)
Change in unremitted cash collections from servicing factored receivables
34
(61
)
Net cash used in financing activities
(239
)
(190
)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash
1
(3
)
Net (decrease) increase in cash and cash equivalents, including restricted cash
(776
)
763
Cash and cash equivalents, including restricted cash, at beginning of period
901
138
Cash and cash equivalents, including restricted cash, at end of period
$
125
$
901
Less restricted cash, included in Prepaid expenses and other current assets
—
—
Cash and cash equivalents at end of period
$
125
$
901
Supplemental disclosures of cash flow information:
Income taxes paid
$
134
$
124
Interest paid, net of forward interest rate swaps
$
129
$
55
ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES
RECONCILIATION OF ORGANIC NET SALES GROWTH
(Unaudited)
Three Months Ended
December 31, 2025
CF
AVA
Consolidated
Consolidated Reported GAAP Net sales growth
17.6 %
2.1 %
10.6 %
Adjustments:
Impact of foreign currency translations (1)
(0.8) %
(0.1) %
(0.6) %
Impact of acquisitions (2)
(13.2) %
(0.7) %
(7.5) %
Consolidated Organic Net sales growth
3.6 %
1.3 %
2.5 %
Twelve Months Ended
December 31, 2025
CF
AVA
Consolidated
Consolidated Reported GAAP Net sales growth
9.1 %
7.5 %
8.3 %
Adjustments:
Impact of acquisitions (2)
(3.5)
(0.5) %
(2.1) %
Consolidated Organic Net sales growth
5.6 %
7.0 %
6.2 %
(1)
Operating results reported in U.S. Dollars are affected by foreign currency exchange rate fluctuations. Foreign currency translation impact represents the difference in results that are attributable to fluctuations in the currency exchange rates used to convert the results for businesses where the functional currency is not the U.S. Dollar. This impact is calculated by translating the current period results at the currency exchange rates used in the comparable prior year period as well as removing realized cash flow hedge gains and losses from both the current and prior year periods.
(2)
For purposes of computing Organic Net sales growth, amounts directly attributable to business acquisitions are excluded for twelve months following their respective acquisitions.
ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP GROSS MARGIN
($ in millions)
(Unaudited)
Three Months Ended
December 31, 2025
December 31, 2024
Consolidated
Consolidated
GAAP
Reported Net sales
$
1,475
$
1,334
Reported Gross profit
698
648
Gross Margin
47.3
%
48.6
%
Non-GAAP
Adjusted Net sales
$
1,475
$
1,334
Adjusted Gross profit (1)
711
650
Adjusted Gross Margin
48.2
%
48.7
%
Twelve Months Ended
December 31, 2025
December 31, 2024
Consolidated
Consolidated
GAAP
Reported Net sales
$
5,396
$
4,981
Reported Gross profit
2,593
2,413
Gross Margin
48.1
%
48.4
%
Non-GAAP
Adjusted Net sales
$
5,396
$
4,981
Adjusted Gross profit (1)
2,615
2,422
Adjusted Gross Margin
48.5
%
48.6
%
(1)
Adjusted Gross profit excludes share-based compensation expense and business acquisition purchase accounting adjustments.
ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP NET INCOME
($ in millions, except share data)
(Unaudited)
Three Months Ended
Twelve Months Ended
December 31,
2025
December 31,
2024
December 31,
2025
December 31,
2024
GAAP Net income
$
70
$
163
$
419
$
528
Adjustments to Cost of sales(1)
Share-based compensation
3
2
12
9
Purchase accounting adjustments
10
—
10
—
Total adjustments to Cost of sales
13
2
22
9
Adjustments to Operating expenses(1)
Amortization of intangible assets
40
24
114
104
Acquisition and integration costs
7
3
24
6
Share-based compensation
32
23
163
101
Exit and restructuring costs
76
—
76
17
Total adjustments to Operating expenses
155
50
377
228
Adjustments to Other expense, net(1)
Amortization of debt issuance costs and discounts
—
1
2
2
Investment loss
—
—
11
6
Foreign exchange loss (gain)
3
(11
)
18
(5
)
Forward interest rate gain
—
—
—
(31
)
Total adjustments to Other expense, net
3
(10
)
31
(28
)
Income tax effect of adjustments(2)
Reported income tax expense
28
45
141
107
Adjusted income tax
(50
)
(42
)
(179
)
(143
)
Total adjustments to income tax
(22
)
3
(38
)
(36
)
Total adjustments
149
45
392
173
Non-GAAP Net income
$
219
$
208
$
811
$
701
GAAP earnings per share
Basic
$
1.40
$
3.17
$
8.24
$
10.25
Diluted
$
1.39
$
3.14
$
8.18
$
10.18
Non-GAAP earnings per share
Basic
$
4.36
$
4.04
$
15.96
$
13.62
Diluted
$
4.33
$
4.00
$
15.84
$
13.52
Basic weighted average shares outstanding
50,239,874
51,542,093
50,820,589
51,494,957
Diluted weighted average and equivalent shares outstanding
50,652,194
51,986,818
51,212,395
51,879,709
(1)
Presented on a pre-tax basis.
(2)
Represents adjustments to GAAP income tax expense commensurate with pre-tax non-GAAP adjustments (including the resulting impacts to U.S. BEAT/GILTI provisions), as well as adjustments to exclude the impacts of certain discrete income tax items and incorporate the anticipated annualized effects of current year tax planning.
ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES
GAAP to NON-GAAP RECONCILIATION TO EBITDA
($ in millions)
(Unaudited)
Three Months Ended
Twelve Months Ended
December 31,
2025
December 31,
2024
December 31,
2025
December 31,
2024
GAAP Net income
$
70
$
163
$
419
$
528
Add back:
Depreciation (excluding exit and restructuring costs)
19
18
71
68
Amortization of intangible assets
40
24
114
104
Total Other expense, net
41
17
140
107
Income tax expense
28
45
141
107
EBITDA (Non-GAAP)
198
267
885
914
Adjustments to Cost of sales
Share-based compensation
3
2
12
9
Purchase accounting adjustments
10
—
10
—
Total adjustments to Cost of sales
13
2
22
9
Adjustments to Operating expenses
Acquisition and integration costs
7
3
24
6
Share-based compensation
32
23
163
101
Exit and restructuring costs
76
—
76
17
Total adjustments to Operating expenses
115
26
263
124
Total adjustments to EBITDA
128
28
285
133
Adjusted EBITDA (Non-GAAP)
$
326
$
295
$
1,170
$
1,047
Adjusted EBITDA margin (Non-GAAP)
22.1
%
22.1
%
21.7
%
21.0
%
FREE CASH FLOW
Twelve Months Ended
December 31,
2025
December 31,
2024
Net cash provided by operating activities
$
917
$
1,013
Less: Purchases of property, plant and equipment
(86
)
(59
)
Free cash flow (Non-GAAP)(1)
$
831
$
954
(1)
Free cash flow, a non-GAAP measure, is defined as Net cash provided by operating activities in a period minus purchases of property, plant and equipment (capital expenditures) made in that period.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260212723597/en/
Investors
Michael Steele, CFA, IRC
Vice President, Investor Relations
Phone: + 1 847 518 6432
InvestorRelations@zebra.com
Media
Therese Van Ryne
Senior Director, External Communications
Phone: + 1 847 370 2317
therese.vanryne@zebra.com
Original: Zebra Technologies Announces Fourth-Quarter and Full-Year 2025 Results
US Market News
5月前
Zebra Technologies Board of Directors Approves Additional $1 Billion Share Repurchase AuthorizationFebruary 12, 2026 6:25 AM
Business Wire
Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, today announced that the Company’s Board of Directors had approved a $1 billion increase to the Company’s existing authorization to repurchase shares of Zebra Technologies Corporation Common Stock. This increase to the repurchase authorization augments the $1 billion authorization that was announced on July 30, 2019 and the previous $1 billion increase to the authorization that was announced on May 17, 2022.
“Zebra is committed to disciplined and balanced capital allocation, prioritizing investments that enhance our offerings and competitive edge, as well as the return of capital to our shareholders,” stated Bill Burns, Chief Executive Officer, Zebra Technologies. “We continue to be well positioned for sustainable profitable growth and free cash flow generation, while advancing our industry leadership. The increased share repurchase authorization reflects our Board’s confidence in Zebra’s ability to drive value creation.”
Key Highlights:
Zebra’s Board of Directors approved an additional $1 billion share repurchase authorization, raising our total remaining authorization to more than $1.1 billion.
Zebra returned more than $580 million of capital to its shareholders through share repurchases in full year 2025.
Since the inception of the share repurchase authorization in July 2019 through year-end 2025, the Company has returned more than $1.7 billion of capital to its shareholders.
Repurchases may be made through a variety of methods, which may include open market purchases executed at the discretion of management and 10b5-1 plans. The repurchase authorization does not have an expiration date and may be amended, suspended, or discontinued by the Company’s Board of Directors at any time.
Who is Zebra Technologies?
Zebra (NASDAQ: ZBRA) provides the foundation for intelligent operations with an award-winning portfolio of connected frontline, asset visibility and automation solutions powered by AI. Organizations globally across retail, manufacturing, transportation, logistics, healthcare, and other industries rely on us to deliver outcomes today while driving innovation for what's next. Together with our partners, we create new ways of working that improve productivity and empower organizations to be better every day. Learn more at www.zebra.com.
Follow Zebra on our Blog, LinkedIn, Facebook, X, Instagram, and YouTube.
Forward-Looking Statements
This press release contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements regarding the Company’s outlook. Actual results may differ from those expressed or implied in the Company’s forward-looking statements. These statements represent estimates only as of the date they were made. Zebra undertakes no obligation, other than as may be required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason after the date of this release.
These forward-looking statements are based on current expectations, forecasts and assumptions and are subject to the risks and uncertainties inherent in Zebra’s industry, market conditions, general domestic and international economic conditions, and other factors. These factors include customer acceptance of Zebra’s offerings and competitors' offerings, and the potential effects of emerging technologies and changes in customer requirements. The effect of global market conditions, and the availability of credit and capital markets volatility may have adverse effects on Zebra, its suppliers and its customers. In addition, natural disasters, man-made disasters, public health issues (including pandemics), and cybersecurity incidents may have negative effects on Zebra's business and results of operations. Zebra's ability to purchase sufficient materials, parts, and components, and ability to provide services, software and products to meet customer demand could negatively impact Zebra's results of operations and customer relationships. Profits and profitability will be affected by Zebra’s ability to control manufacturing and operating costs. Because of its debt, interest rates and financial market conditions may also have an adverse impact on results. Foreign exchange rates, customs duties and trade policies may have an adverse effect on financial results because of the global nature of Zebra's business. The impacts of changes in foreign and domestic governmental policies, regulations, or laws, as well as the outcome of litigation or tax matters in which Zebra may be involved are other factors that could adversely affect Zebra's business and results of operations. The success of integrating acquisitions could also adversely affect profitability, reported results and the Company’s competitive position in its industry. These and other factors could have an adverse effect on Zebra’s sales, gross profit margins and results of operations and increase the volatility of Zebra's financial results. When used in this release and documents referenced, the words “anticipate,” “believe,” “outlook,” and “expect” and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. Descriptions of certain risks, uncertainties and other factors that could adversely affect the Company’s future operations and results can be found in Zebra’s filings with the Securities and Exchange Commission, including the Company’s most recent Form 10-K and Form 10-Q.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260212357937/en/
Investors
Michael Steele, CFA, IRC
Vice President, Investor Relations
Phone: + 1 847 518 6432
InvestorRelations@zebra.com
Media
Therese Van Ryne
Senior Director, External Communications
Phone: + 1 847 370 2317
therese.vanryne@zebra.com
Original: Zebra Technologies Board of Directors Approves Additional $1 Billion Share Repurchase Authorization
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