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Other financials

Income statement

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Revenue$1.5B+14.3%
Operating income$215.0M+10.3%
Net income$135.0M-0.7%
EPS (diluted)$2.72+3.8%

Balance sheet

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Cash & equivalents$114.0M-87.0%
Total debt$2.8B+20.7%
Total equity$3.5B-4.3%
Total assets$8.3B+5.5%

Cash flow

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Operating cash flow$176.0M-1.1%
CapEx$13.0M-35.0%
Free cash flow$163.0M+3.2%

Valuation

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Market cap$17.57B+11.4%
Enterprise value$20.3B+17.6%
P/E42×+13.2×
P/S3.2×+0.1×

Profitability

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Gross margin48.2%-0.6pp
Operating margin12.9%-2.3pp
Net margin7.5%-3.2pp
FCF margin15%-4.6pp

Returns & leverage

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Return on equity11.8%-4.4pp
Debt / equity0.8×+0.2×
Current ratio-0.5×

Where this comes from

Calculated from Zebra Technologies’s reported figures.

The source filing: Zebra Technologies’s 10-Q, filed May 12, 2026.

Filed
May 12, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-034109
Line itemThree Months Ended / April 4,2026Three Months Ended / March 29,2025
Tangible products623542
Services and software130121
Total Cost of sales753663
Gross profit742645
Operating expenses:
Selling and marketing189161
Research and development165151
General and administrative127111

Item 1. Consolidated Financial Statements

FAQ

What is Zebra Technologies's gross profit?
Zebra Technologies (ZBRA) reported gross profit of $742M in Q1 2026.
How has Zebra Technologies's gross profit changed year-over-year?
Zebra Technologies's gross profit increased by 15.0% year-over-year, from $645M to $742M.
What is the long-term trend for Zebra Technologies's gross profit?
Over 4 years (2021 to 2025), Zebra Technologies's gross profit has grown at a -0.3% compound annual growth rate (CAGR), from $2.63B to $2.59B.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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