Zebra Technologies announced record second-quarter 2026 results with net sales of $1,557 million, a 20.4% increase year-over-year. Net income reached $233 million, or $4.85 per diluted share, while non-GAAP diluted EPS rose to $6.35. Adjusted EBITDA grew to $431 million, and the company recorded $73 million in IEEPA tariff recoveries, of which $14 million was received in the quarter. Share repurchases totaled $268 million, contributing to over $560 million returned to shareholders in the first half of the year. The company raised its full-year outlook, now expecting sales growth between 14% and 16%, adjusted EBITDA margin of 23.5% to 24.0%, non-GAAP diluted EPS of $20.75 to $21.25, and free cash flow exceeding $1 billion.
Zebra Technologies CorporationRecord Q2 results, raised full-year outlook, and strong shareholder returns.