ZBRA · 10-Q · 2026Q3 · Full report

Acquisitions and Divestitures

ZEBRA TECHNOLOGIES CORP · 2026-08-04 · Importance 63 · Surprise 76 · In source text

The September 30, 2025 acquisition of Elo Touch contributed to Connected Frontline revenue growth and increased current-year operating expenses, including intangible-asset amortization. The acquisition accounted for a 15.9% second-quarter and 15.3% year-to-date adjustment to CF reported sales growth when calculating organic growth. The acquisition of Photoneo and disposition of the robotics automation business were excluded from AVA organic-growth calculations. The prior-year Photoneo acquisition drove $84 million of the year-over-year reduction in investing cash outflows.

Key facts

• On September 30, 2025, the Company acquired Elo Holdings, Inc. ("Elo Touch") for $1,303 million. source
• In the first quarter of 2026, the Company completed the sale of its robotics automation business to Skild AI. source
• For purposes of computing CF Organic Net sales growth, amounts directly attributable to the acquisition of Elo Touch are excluded for twelve months following the September 30, 2025 acquisition date. source
• For purposes of computing AVA Organic Net sales growth, amounts directly attributable to the acquisition of Photoneo and the disposition of the robotics automation business are excluded for twelve months following or preceding the respective acquisition or disposition, respectively. source

Impact estimates