Zebra Technologies Announces Q1 2026 Results

Zebra Technologies Corporation announced results for the first quarter ended April 4, 2026.

“Our strong first quarter results demonstrate the durability of demand for our innovative technology, with organic growth across our segments and regions, led by strength in our manufacturing end market. Elo Touch also contributed solid profitable growth as we begin to drive synergies,” said Bill Burns, Chief Executive Officer of Zebra Technologies. “These results underscore the value Zebra delivers as the foundation for intelligent operations across the frontline, helping customers operate more efficiently and effectively.”

First-Quarter Financial Highlights

• Net sales of $1,495 million, a year-over-year increase of 14.3%
• Net income of $135 million and net income per diluted share of $2.72
• Non-GAAP diluted EPS increased year-over-year to $4.75
• Adjusted EBITDA increased year-over-year to $347 million
• Share repurchases of $300 million

Overall, net sales were $1,495 million in the first quarter of 2026 compared to $1,308 million in the prior year.

Net sales in the Connected Frontline (CF) segment were $825 million in the first quarter of 2026 compared to $684 million in the prior year.

Asset Visibility & Automation (AVA) segment net sales were $670 million in the first quarter of 2026 compared to $624 million in the prior year.

Consolidated organic net sales for the first quarter of 2026 increased 4.3% year-over-year, with a 3.8% increase in the CF segment and a 4.8% increase in the AVA segment.

“We are building on our track record of value creation for shareholders with $300 million of share repurchases in each of the past two quarters, supported by our strong balance sheet and cash flow,” said Nathan Winters, Chief Financial Officer of Zebra Technologies. “Our results reflect our focus on profitable growth, operating discipline and margin expansion, and we remain confident in our ability to support customer demand while delivering consistent performance in a dynamic environment.”