Zebra Technologies — Third Quarter 2026 Earnings Summary

Zebra Technologies reported third-quarter 2026 net sales of $1.614 billion, representing a 22.3% year-over-year increase driven by strong demand in its Connected Frontline and Asset Visibility & Automation segments. The company achieved net income of $164 million and non-GAAP diluted earnings per share of $4.95, while maintaining an adjusted EBITDA margin of 21.6%. Management raised its full-year outlook, projecting fourth-quarter sales growth between 10% and 14% and free cash flow of at least $1 billion for the year. Additionally, Zebra repurchased $643 million of shares during the first nine months of 2026 and ended the quarter with $182 million in cash and cash equivalents.