ZBRA's revenue grew 22.3% year over year in 2026Q3 after bottoming near 0.2% in 2024Q2, suggesting a sharp reacceleration whose durability beyond the current cycle investors should test.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth re-accelerated to 22.3% year over year in 2026Q3, but gross margin swung between 44.6% and 53.0% across recent quarters and operating margin compressed from 20.6% to 14.7%, suggesting sensitivity to product mix and pricing.
Zebra Technologies reported strong first-quarter 2026 results with broad-based growth across segments and regions, increasing its outlook for the full year.
Zebra offers a diverse range of products including mobile computers, scanners, printers, and RFID solutions, designed to enhance operational efficiency.
Zebra is a global leader in digitizing and automating workflows, providing intelligent operations solutions across various industries.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $4.95+1.2% vs $4.89 | $1.6B+2.8% vs $1.6B |
Q3 2026 Aug 4, 2026 | $6.35+45.6% vs $4.36 | $1.6B+4.0% vs $1.5B |
Q2 2026 May 12, 2026 | $4.75+12.8% vs $4.21 | $1.5B+1.1% vs $1.5B |
Q1 2026 Feb 12, 2026 | $4.33-0.2% vs $4.34 | $1.5B+0.6% vs $1.5B |
The heavy selling pressure might have exhausted for Zebra (ZBRA) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Zebra Technologies' Q3 earnings beat estimates as strong mobile computing demand and automation growth support a raised 2026 outlook despite rising memory costs.
BOURNE END, England--(BUSINESS WIRE)--Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, today announced that it has helped leading retailer JD Sports to achieve 98% on-shelf availability and 20% faster replenishment, so high-demand sizes move from the storeroom to the shelf when and where customers want them. JD Sports is a leading specialist retailer of trainers, sportswear, and apparel from brands like Nike.
Zebra Technologies Corporation ( ZBRA ) Q3 2026 Earnings Call November 3, 2026 8:30 AM EST Company Participants Michael Steele - Vice President of Investor Relations William Burns - CEO & Director Nathan Winters - Chief Financial Officer Conference Call Participants Andrew Buscaglia - BNP Paribas, Research Division Thomas Moll - Stephens Inc., Research Division Kevin Wilson - Truist Securities, Inc., Research Division Christopher Grenga - TD Cowen, Research Division Piyush Avasthy - Citigroup Inc., Research Division Guy Drummond Hardwick - Barclays Bank PLC, Research Division Robert Jamieson - Needham & Company, LLC, Research Division Meta Marshall - Morgan Stanley, Research Division Keith Housum - Northcoast Research Partners, LLC Robert Mason - Robert W. Baird & Co. Incorporated, Research Division Presentation Operator Good day, and welcome to the Third Quarter 2026 Zebra Technologies Earnings Conference Call.
Benchmark ZBRA against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Zebra Technologies Corporation (ZBRA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $322.02 | $15.34B | 25.58 | 8.33% | 9.8% | 17.13% | — | |
| $220.05 | $69.74B | 9.96 | 7.85% | 20.98% | 36.04% | 4.21% | |
| $80.40 | $6.08B | 35.96 | -0.48% | 8.53% | 13.35% | 0.84% | |
| $146.30 | $6.19B | 16.48 | -2.9% | 5.13% | 25.89% | 1.03% | |
| $54.11 | $12.61B | -80.32 | -2.61% | -4.08% | -2.91% | — | |
| $91.72 | $5.78B | 10.38 | -2.84% | 7.83% | 12.55% | 3.53% |
Zebra Technologies Corporation (ZBRA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Zebra Technologies Corporation (ZBRA) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 3, 2026·SEC
Aug 4, 2026·SEC
May 26, 2026·SEC
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Zebra Technologies Corporation (ZBRA) stock FAQ — growth, dividends, profitability & financials explained
Zebra Technologies Corporation (ZBRA) reported $6.14B in revenue over the trailing twelve months. Revenue was $5.40B in fiscal year 2025. That is 2037% more than the $252.5M of fiscal year 1996.
Zebra Technologies Corporation (ZBRA) grew revenue by 16.9% over the trailing twelve months, compared with the twelve months before.
Yes. Zebra Technologies Corporation (ZBRA) earned $602.0M in net income over the trailing twelve months (a 9.8% net margin).
Zebra Technologies Corporation (ZBRA) had a return on equity (ROE) of 17.1% over the trailing twelve months. That is above the market's typical 10-15%.
Zebra Technologies Corporation (ZBRA) generated $988.0M in free cash flow over the trailing twelve months.
