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Zebra Technologies ZBRA Operating Income

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Segments

By segment

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CF$169M
AVA$159M

Other financials

Income statement

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Revenue$1.5B+14.3%
Gross profit$742.0M+15.0%
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$11.24B-28.8%
Enterprise value$13.98B-18.3%
P/E26.9×-1.9×
P/S-1.1×

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

Reported directly by Zebra Technologies in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Zebra Technologies’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zebra Technologies's operating income?
Zebra Technologies (ZBRA) reported operating income of $215M in Q1 2026.
How has Zebra Technologies's operating income changed year-over-year?
Zebra Technologies's operating income increased by 10.3% year-over-year, from $195M to $215M.
What is the long-term trend for Zebra Technologies's operating income?
Over 4 years (2021 to 2025), Zebra Technologies's operating income has grown at a -8.0% compound annual growth rate (CAGR), from $979M to $700M.
What does operating income mean?
The profit a company makes from its core business operations before interest and taxes.
How do you interpret operating income?
An increase indicates improved operational efficiency or higher sales volume relative to costs, while a decrease suggests rising operating expenses or declining core profitability.
How does operating income compare across companies?
Commonly reported by all public companies; peers in the hardware and technology sector typically target consistent operating margin expansion.