Zebra Technologies reported record second-quarter results and raised its full-year guidance, driven by double-digit growth across retail, manufacturing, and healthcare. Net sales reached $1.5 billion, growing 20.4% or 9.2% on an organic basis, while non-GAAP diluted earnings per share surged 76% to $6.35. The company benefited from a $73 million IEEPA tariff recovery and fully mitigated a $20 million increase in memory costs through price realization. Full-year sales growth is now expected between 14% and 16%, a 3-percentage-point increase at the midpoint, with adjusted EBITDA margin forecast at 23.5% to 24.0% and non-GAAP EPS between $20.75 and $21.25. Zebra also repurchased $568 million in shares during the first half and plans an additional $150 million in the second half, while noting a robust multiyear pipeline of large deployments in transportation and logistics starting in 2027.
Zebra Technologies CorporationRecord Q2 results and raised full-year guidance, with strong EPS growth and share buybacks.
