Zebra Technologies posts strong second quarter revenue and a 46% EPS beat, raising its full-year 2026 outlook.

Zebra Technologies reported second quarter net sales of $1.56 billion, a 20.4% year-over-year increase that beat analyst expectations by 3.8%. Non-GAAP EPS came in at $6.35, surging 75.9% from the prior year and significantly exceeding estimates by 45.6%. The company raised its full-year 2026 guidance, citing strong demand momentum.

Key Highlights

• Second quarter revenue grew 20.4% year-over-year to $1.56 billion, with consolidated organic growth of 9.2%.
• Non-GAAP diluted EPS of $6.35 increased 75.9% from the prior year, driven by higher sales and significant margin expansion.
• Adjusted EBITDA margin expanded by 710 basis points to 27.7%, benefiting from operational performance and a one-time $73 million tariff recovery.
• The company raised its full-year 2026 outlook, now expecting sales growth of 14% to 16% and non-GAAP diluted EPS in the range of $20.75 to $21.25.