Every 10-Q that Zebra Technologies Corporation (ZBRA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ZBRA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ZBRA filings page.
Zebra Technologies delivered strong Q2 2026 results, with net sales of $1,557 million, up 20.4% year over year, and Consolidated Organic Net sales growth of 9.2%. Both Connected Frontline and Asset Visibility & Automation segments posted double-digit sales growth across all regions.
Gross margin expanded to 53.0% from 47.6%, aided by a $73 million benefit from expected refunds of previously paid IEEPA import tariffs and favorable foreign currency. Operating income rose to $321 million and net income to $233 million, driving diluted EPS to $4.85 from $2.19.
Operating cash flow reached $387 million in the first half, supporting Free cash flow of $361 million. Zebra repurchased $568 million of shares year to date while total debt increased to $2,776 million, with $2,275 million classified as current ahead of 2027 maturities the company plans to refinance.
The 2025 Productivity Plan is substantially complete, with cumulative one-time charges of $37 million expected to yield about $35 million in annualized pre-tax cost savings, enhancing future profitability.
Zebra Technologies delivered higher first-quarter 2026 sales with relatively flat earnings. Net sales rose to $1,495 million from $1,308 million, while operating income increased to $215 million from $195 million. Net income was $135 million, essentially unchanged from $136 million, with diluted EPS at $2.72 versus $2.62.
Both segments grew: Connected Frontline sales rose 20.6% to $825 million and Asset Visibility & Automation grew 7.4% to $670 million. Zebra completed the $20 million sale of its robotics automation business, recording a $5 million gain, and booked $8 million of restructuring charges under its 2025 Productivity Plan, which is expected to yield about $35 million in annualized cost savings when completed.
Zebra generated $176 million in operating cash flow and $163 million in free cash flow, ending the quarter with $114 million in cash and $2,660 million of total debt. The company repurchased $300 million of stock in the first quarter and a further $200 million early in the second quarter. Zebra also notes approximately $75 million of IEEPA-related import tariffs it intends to seek as refunds after a U.S. Supreme Court ruling, although no recovery is recorded yet.
Zebra Technologies (ZBRA) reported Q3 2025 results with Net sales of $1,320 million, up 5.2% year over year. Gross margin was 48.0% (down 80 bps) and Operating income was $183 million. Net income was $101 million, or $1.97 diluted EPS, reflecting a higher effective tax rate of 36.5%.
Segment performance was mixed: AIT sales were $455 million (up 11.0%) with stronger margins, while EVM sales were $865 million (up 2.4%) with margin pressure. Cash and cash equivalents were $1,053 million and total debt was $2,183 million. Year to date, the company repurchased $284 million of common stock, including $34 million in Q3. Deferred revenue totaled $774 million.
Subsequent events: Zebra acquired Elo for approximately $1.3 billion in cash and will realign segments to Connected Frontline and Asset Visibility & Automation beginning in Q4. Earlier in 2025, Zebra also acquired Photoneo for $62 million.