Wall Street expects Zebra Technologies to report Q2 2026 revenue of $1.50 billion and non-GAAP EPS of $4.36, as the stock trades near $294 against an average analyst target of $331. The core narrative for this report is the continued recovery of enterprise demand in the retail and manufacturing sectors, which have transitioned out of a significant post-pandemic destocking cycle.
Investors are also focused on management's execution relative to its recently raised full-year guidance and the integration of the Elo Touch Solutions acquisition. While margin expansion is anticipated due to strong RFID and machine vision demand, analysts are cautious about potential headwinds from rising memory costs and broader macroeconomic sensitivity.