Zebra Technologies Corporation, a global leader in digitizing and automating workflows to deliver intelligent operations, announced results for the fourth quarter and full year ended December 31, 2025.

“We delivered a strong finish to the year as our team continued to advance the strategic priorities that strengthen Zebra’s leadership in digitizing and automating workflows,” said Bill Burns, Chief Executive Officer, Zebra Technologies. “We entered 2026 with a healthy backlog and pipeline, momentum from the Elo Touch acquisition, and a sharper focus on our highest-growth opportunities.” 

In the fourth quarter, net sales were $1,475 million, compared to $1,334 million in the prior year. Consolidated organic net sales increased 2.5% year over year, with a 3.6% increase in the Connected Frontline segment and 1.3% increase in the Asset Visibility & Automation segmetnt.

Burns added, “We have also made strong progress on our commitment to return capital to shareholders, and our Board of Directors approved an additional $1 billion share repurchase authorization. Zebra is well-positioned to deliver innovative solutions for our customers and long-term shareholder value.”

As of December 31, 2025, Zebra had cash and cash equivalents of $125 million and total debt of $2,511 million.

In 2025, the company acquired Elo Touch and Photoneo for $1,365 million, made share repurchases under its existing authorization of $587 million, and had net debt payments of $328 million.

For the full year 2025, net cash provided by operating activities was $917 million, and the company made capital expenditures of $86 million, resulting in free cash flow of $831 million.