ZBRA · News · 20260806N

Gross Margin Drivers

ZEBRA TECHNOLOGIES CORP · 2026-08-06 · Importance 40 · Surprise 42

Adjusted EBITDA margin reached 27.7% in the second quarter of 2026, reflecting significant year-over-year profitability expansion. A $73 million refund of previously paid IEEPA import tariffs materially increased second-quarter profit and contributed roughly two-thirds of the reported margin expansion. Profitability still improved after excluding the tariff recovery, supported by pricing, operating execution and growth in automation, software, analytics and AI hardware. Memory-component availability continued to constrain some potential sales and remained a cost and supply risk.

Key facts

• Sources reported roughly two-thirds of the margin expansion came from a $73 million tariff recovery. source