ZBRA · Full Picture

ZEBRA TECHNOLOGIES CORP — the full picture

Earnings window · 2026-07-14 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Revenue Performance and Mix · Revenue growth & mixPriority 79
    +102.5% revenue (realized); 3 sources (news, press_release, sec_filing); structured_verified
    Aggregate transaction price allocated to remaining performance obligations for arrangements with an original term exceeding one year: $1.15 billion as of July 4, 2026 and $1.17 billion as of December 31, 2025; on average expected to be recognized over approximately two years.
  2. Gross Margin Drivers · Gross marginPriority 74
    -9.3% operating_income (realized); 3 sources (news, press_release, sec_filing); quote_verified
    Gross profit for the quarter was $1,567 million compared to $1,261 million in the prior year quarter (24.3% $ change shown in table).
  3. Acquisitions and Divestitures · M&A and divestituresPriority 71
    +15.1% assets (realized); quote_verified
    On September 30, 2025, the Company acquired Elo Holdings, Inc. ("Elo Touch") for $1,303 million.
  4. Capital Return Program · Buybacks & dividendsPriority 70
    -6.6% cash (realized); 3 sources (news, press_release, sec_filing); structured_verified
    The company made share repurchases of $568 million in the first six months of 2026 and $268 million in the second quarter.
  5. Trade Policy and Tariffs · Tariffs & trade policyPriority 69
    +4.7% operating_income (realized); 3 sources (news, press_release, sec_filing); 2 forward row(s); quote_verified
    The Company is in the process of seeking the refund of its approximately $73 million of previously paid import tariffs in accordance with the process defined by the U.S. Customs and Border Protection.
  6. Operating Income and Margins · Operating income & profitabilityPriority 68
    +10.2% operating_income (realized); structured_verified
    Operating income was $536 million for the current year compared to $378 million in the prior year.
  7. Free Cash Flow and Capex · UnclassifiedPriority 66
    1 forward row(s); quote_verified
    Free Cash Flow for the full year 2026 is expected to be greater than $1 billion.
  8. Guidance / Outlook · Guidance & outlookPriority 64
    2 sources (news, press_release); 9 forward row(s); quote_verified
    The company expects third quarter sales growth between 17% and 20% compared to the prior year, including approximately 10.5 points of favorable impact from business acquisitions, dispositions and foreign currency.
  9. End-Market Demand Trends · Demand, orders & backlogPriority 63
    3 sources (news, press_release, sec_filing); quote_verified
    On August 07, 2026, Zebra shares rose 3.4% to $376.49 and had a 52-week range from $199.05 to $383.
  10. Interest Rate and Refinancing Exposure · Interest ratesPriority 62
    4 forward row(s); quote_verified
    As of July 4, 2026, our short-term debt obligations primarily consist of our Term Loan A and Revolving Credit Facility, both of which are scheduled to mature on May 25, 2027.
  11. Operating Expense Trends · Operating expenses (SG&A)Priority 61
    -7.7% operating_income (realized); 2 sources (press_release, sec_filing); quote_verified
    Operating expenses increased to $504 million in the second quarter from $433 million in the prior year primarily due to expenses associated with acquired businesses including amortization of intangible assets.
  12. Liquidity and Debt Position · Debt, leverage & refinancingPriority 57
    -2.6% liability (realized); 2 sources (news, sec_filing); 1 forward row(s); structured_verified
    Current portion of long-term debt included $2,275 million as of July 4, 2026.

Threads by pillar

Revenue & Demand Priority 88 · 4 threads

Costs & Margins Priority 89 · 5 threads

Capital & Balance Sheet Priority 78 · 3 threads

Strategy & Portfolio Priority 71 · 1 thread

Legal, Regulatory & Policy Priority 69 · 1 thread

Guidance & Outlook Priority 64 · 1 thread

Macro & Market Conditions Priority 64 · 2 threads

Unclassified Priority 66 · 1 thread

Expected impact by metric

metricforward netforward grossrealized
operating_income+1.1%+1.1%-2.2%
cash——-6.4%
assets——+16.6%
net_income——+15.4%
revenue——+102.5%
liability——-2.6%