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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Zebra Technologies (ZBRA) is 8/10.
Zebra delivered Q1 total company sales growth of 14.3% (4.3% organic) with non-GAAP EPS of $4.75 up 18% and record gross margin of 50.4% up 80 basis points. Full-year guidance was raised with EPS midpoint lifted to $18.50 as manufacturing and machine vision reached an inflection point. The Elo integration progressed with first wins in new geographies and the frontline AI suite launched with paid pilots underway, while aggressive capital returns included $500M in year-to-date repurchases.
Scored from Zebra Technologies’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
All prior quarters are free.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.33B | +32.2% | $3.14 | +851.5% | 48.6% | 16.9% | 12.2% | $288M |
| FY2025 Q1 | $1.31B | +11.3% | $2.62 | +18.0% | 49.3% | 14.9% | 10.4% | $158M |
| FY2025 Q2 | $1.29B | +6.2% | $2.19 | +0.5% | 47.6% | 14.2% | 8.7% | $130M |
| FY2025 Q3 | $1.32B | +5.2% | $1.97 | -25.4% | 48.0% | 13.9% | 7.7% | $216M |
| FY2025 Q4 | $1.48B | +10.6% | $1.39 | -55.7% | 44.6% | 15.1% | 4.7% | $327M |
| FY2026 Q1 | $1.50B | +14.3% | $2.67 | +1.9% | 49.6% | 14.4% | 9.0% | $163M |
| FY2026 Q2 | $1.56B | +20.4% | $4.85 | +121.5% | 53.0% | 20.6% | 15.0% | $198M |
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