Zebra Technologies Corporation (ZBRA) Earnings Call Transcripts

Zebra Technologies Corporation's Latest Earnings Call - Q2 FY2026

In Q2 2026, Zebra Technologies reported robust earnings with sales exceeding $1.5 billion, reflecting a 20.4% increase year-over-year, driven by strong demand across all segments. Non-GAAP diluted EPS surged 76% to $6.35, significantly beating expectations. Management raised full-year sales growth guidance to 14-16%, citing continued momentum and effective navigation of memory supply challenges, which could positively impact the stock.

Reported metrics

Guidance from management

Management expects full-year sales growth between 14% and 16%, with adjusted EBITDA margins projected at 23.5% to 24%. Third quarter non-GAAP diluted EPS is anticipated to be in the range of $4.70 to $4.90.

What management said

Thank you, Nathan. Before we turn to your questions, let me leave you with 3 key takeaways from the quarter. We delivered record quarterly results and are confident in our increased outlook for the full year. . Customers are leveraging Zebra's AI-powered portfolio solutions to improve productivity, visibility and decision-making, and we remain focused on driving long-term profitable growth and shareholder value. I w...

But obviously, both were significant steps up from where we were last quarter, both in what I think is a response to what we see as the underlying demand and the great work the team is doing to secure additional supply. So I think both, as Bill mentioned, that's playing out in the guidance. But I think the positive note is that both were substantially higher than we were 3 months ago by the great work from the team...

What analysts pressed on

Analysts expressed concerns regarding potential memory supply constraints impacting future growth. There were questions about the sustainability of the strong demand and how it might be affected by geopolitical factors, particularly in the EMEA region.

Main topics on the call

• Revenue Growth Acceleration — Zebra achieved sales of over $1.5 billion, growing more than 20% year-over-year, with a 9% organic growth rate. CEO Bill Burns stated, "Our team executed well, driving record results with broad-based growth and significa...
• Increased Profitability — The adjusted EBITDA margin improved to 27.7%, up 7.1 points year-over-year, attributed to better-than-expected gross margins and operating expense leverage. CFO Nathan Winters noted, "Adjusted gross margin improved 540 b...
• Guidance Raise — Management raised the full-year sales growth outlook to 14-16%, reflecting a 3-point increase at the midpoint from prior guidance. Nathan Winters mentioned, "Our full year adjusted EBITDA margin is now expected to be bet...
• Memory Supply Management — Zebra successfully navigated memory supply challenges, securing additional supply to support growth. Bill Burns stated, "We feel good about transportation and logistics... a strong pipeline of opportunities for refreshes...

Read the full Zebra Technologies Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 75 Zebra Technologies Corporation earnings call transcripts on record, spanning February 13, 2020 to August 4, 2026. Based on this history, Zebra Technologies Corporation reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ZBRA

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

75

First call

February 13, 2020

Most recent

August 4, 2026

Reporting cadence

quarterly