ZBRA · 10-Q · 2026Q4

ZEBRA TECHNOLOGIES CORP

Filed 2026-11-03 · Industrials · View original filing on EDGAR

Everything ZBRA's SEC filings said, ranked

Ranked Events

• Segment Revenue PerformanceImportance 64 · Surprise 56
  Connected Frontline (CF) third-quarter sales grew $244 million, or 34.6%, with 15.0% organic growth after excluding foreign currency and Elo Touch; nine-month sales increased $571 million, or 27.1%, with 8.9% organic…
• Operating Income and MarginsImportance 59 · Surprise 48
  Third-quarter operating income increased to $237 million from $183 million year over year. Nine-month operating income rose to $773 million from $561 million. Third-quarter operating-income growth was 29.5% for CF and…
• Trade Policy and TariffsImportance 59 · Surprise 60
  On February 20, 2026, the U.S. Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize the executive branch to impose tariffs, invalidating certain import tariffs enacted in…
• Tariff Refund and Gross MarginImportance 59 · Surprise 60
  Following the February 20, 2026 U.S. Supreme Court ruling that IEEPA did not authorize the executive branch to impose tariffs, Zebra sought refunds of previously paid import tariffs. In the second quarter of 2026, the…
• Revenue Performance and MixImportance 59 · Surprise 48
  Third-quarter 2026 net sales were $1.614 billion, up 22.3% from $1.320 billion in the third quarter of 2025; nine-month sales increased 19.0% to $4.666 billion from $3.921 billion. Third-quarter tangible-product sales…
• Income Tax Rate ChangesImportance 57 · Surprise 64
  Zebra’s effective tax rate for the third quarter of 2026 was 17.2%, down from 36.5% in the third quarter of 2025. The nine-month effective rate fell to 18.2% from 24.5% year over year. Current-year rates were primarily…
• Gross Margin DriversImportance 55 · Surprise 32
  Consolidated third-quarter gross margin fell 230 basis points year over year to 45.7%, primarily because of higher memory costs and unfavorable business mix, partly offset by foreign-currency favorability. Nine-month…
• Operating Expense TrendsImportance 54 · Surprise 40
  Third-quarter operating expenses increased to $501 million from $451 million, but declined to 31.0% of sales from 34.2%. The increase primarily reflected Elo Touch operating expenses, including intangible-asset…
• Liquidity and Debt PositionImportance 54 · Surprise 14
  Total debt was $2.578 billion at October 3, 2026, compared with $2.511 billion at December 31, 2025; $2.077 billion was classified as current. Term Loan A had a 5.25% interest rate and matures primarily on May 25,…
• Geographic Revenue PerformanceImportance 54 · Surprise 40
  For the nine months ended October 3, 2026, North America net sales were $2.324 billion, up 19.6% from $1.943 billion in the prior-year period. EMEA sales increased 19.1% to $1.501 billion from $1.260 billion. The…
• Interest Rate and Refinancing ExposureImportance 46 · Surprise 42
  The Company’s Term Loan A and Revolving Credit Facility mature on May 25, 2027; together, they constitute its Credit Facility and are included among its short-term debt obligations as of October 3, 2026. Zebra intends…
• Acquisitions and DivestituresImportance 41 · Surprise 60
  Zebra completed the sale of its robotics automation business to Skild AI in the first quarter of 2026. The transaction generated a net pre-tax gain recognized in first-quarter other expense, net, and consideration…
• Products and TechnologyImportance 34 · Surprise 22
  Connected Frontline (CF) third-quarter sales growth reflected higher sales of mobile computers, with CF organic net sales increasing 15.0% after excluding foreign currency and Elo Touch. Asset Visibility & Automation…
• Operating Cash Flow TrendsImportance 32 · Surprise 24
  Net operating cash inflows increased $151 million year over year during the nine months ended October 3, 2026, primarily because of higher operating profitability and IEEPA tariff refunds. Net investing cash outflows…
• Supply Chain ConstraintsImportance 31 · Surprise 32
  Management identified increased memory costs as a factor weighing on product economics. Consolidated third-quarter gross margin fell to 45.7% from 48.0%, with higher memory costs and unfavorable business mix cited as…
• Headcount / RestructuringImportance 28 · Surprise 42
  Zebra substantially completed organizational design changes under its 2025 Productivity Plan in the second quarter of 2026. The plan was intended to better meet strategic objectives and improve cost efficiency, and its…
• Capital Return ProgramImportance 20 · Surprise 24
  Zebra repurchased 2,697,227 shares during the first nine months of 2026: 1,294,028 in the first quarter, 1,173,993 in the second quarter, and 229,206 in the third quarter. Treasury shares increased to 24,975,690 at…

Revenue by Product (in millions)

Revenue by Geography (in millions)