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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$17.23B+9.9%
Enterprise value$19.97B+16.3%
P/E41.2×+12.6×
P/S3.1×+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

Reported directly by Zebra Technologies in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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
Gross profit742645
Operating expenses:
Selling and marketing189161
Research and development165151
General and administrative127111
Amortization of intangible assets3724
Acquisition and integration costs13
Exit and restructuring costs8

Item 1. Consolidated Financial Statements

FAQ

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?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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