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Zebra Technologies ZBRA Q2 2025 earnings

Reported August 5, 2025 · Before market open

Revenue$1.3BBeat by $2.1M
EPS$3.61Beat by $0.27
Revenue estimate$1.3B
EPS estimate$3.34

Next report

Aug 4, 2026 (In 5 days)
Revenue estimate$1.5B
EPS estimate$4.35

Financials

Q2 2025

Income statement

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Revenue$1.3B+6.2%
Gross profit$616.0M+4.6%
Operating income$183.0M+9.6%
Net income$112.0M-0.9%
EPS (diluted)$2.19+0.9%

Balance sheet

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Cash & equivalents$872.0M+112%
Total debt$2.4B+0.2%
Total equity$3.6B+10.0%
Total assets$7.9B+6.0%

Cash flow

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Operating cash flow$147.0M-49.0%
CapEx$17.0M+70.0%
Free cash flow$130.0M-53.2%

Valuation & ratios

Valuation

as of 06/28/25
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Market cap$15.2B-4.2%
Enterprise value$16.69B-6.3%
P/E27.7×-41.3×
P/S2.9×-0.7×

Profitability

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Gross margin48.6%+2.1pp
Operating margin15.3%+6.4pp
Net margin10.6%+5.3pp
FCF margin16.4%

Returns & leverage

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Return on equity15.9%+8.5pp
Debt / equity0.7×-0.1×
Current ratio1.5×+0.2×

Segments

By geography

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North America$647.0M+8.0%
EMEA$415.0M-1.0%
Asia Pacific$141.0M+19.5%
Latin America$90.0M+11.1%

By product

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Tangible Products$1.1B+7.3%
Services and Software$238.0M+1.7%

Versus estimates

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Questions, answered.

When did Zebra Technologies report Q2 2025 earnings?
Zebra Technologies (ZBRA) reported Q2 2025 earnings on August 5, 2025 before market open.
What were Zebra Technologies's Q2 2025 revenue and EPS?
Zebra Technologies reported revenue of $1.3B and eps of $3.61 for Q2 2025.
Did Zebra Technologies beat estimates in Q2 2025?
Revenue beat the consensus estimate of $1.3B by $2.1M. EPS beat the consensus estimate of $3.34 by $0.27.
How did Zebra Technologies's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.7% from $1.2B a year earlier and eps grew 13.5% from $3.18.
Where can I find Zebra Technologies's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000877212-25-000131) directly on SEC EDGAR. The filing index links above go to sec.gov.