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R&D at other companies

HP logo
HPHPQ
$432M+7.7%
Honeywell International logo
Honeywell InternationalHON
$492M+18.3%
Cognex logo
CognexCGNX
$37.03M+6.6%
Veralto logo
VeraltoVLTO
$68M+6.3%
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
$345M+0.3%
Rockwell Automation logo
Rockwell AutomationROK
$180M+11.1%

Other financials

Income statement

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Revenue$1.5B+14.3%
Gross profit$742.0M+15.0%
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$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:ResearchAndDevelopmentExpense.

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 R&D?
Zebra Technologies (ZBRA) reported R&D of $165M in Q1 2026.
How has Zebra Technologies's R&D changed year-over-year?
Zebra Technologies's R&D increased by 9.3% year-over-year, from $151M to $165M.
What is the long-term trend for Zebra Technologies's R&D?
Over 4 years (2021 to 2025), Zebra Technologies's R&D has grown at a 1.1% compound annual growth rate (CAGR), from $567M to $593M.
What does R&D mean?
The money spent on creating new products and improving existing technology.
How do you interpret R&D?
Higher investment typically signals a commitment to long-term innovation, while lower spending may suggest a focus on short-term profitability or a mature product cycle.
How does R&D compare across companies?
Highly comparable across technology and hardware firms; often evaluated as a percentage of revenue.