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Zebra Technologies ZBRA Services and Software — Total Net Sales

Other product segments

Tangible Products
$1.23B+15.9%

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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$17.57B+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

Reported directly by Zebra Technologies in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Net sales:
Tangible products$1,231$1,062
Services and software264246
Total Net sales1,4951,308
Cost of sales:
Tangible products623542
Services and software130121
Total Cost of sales753663

Item 1. Consolidated Financial Statements

FAQ

What is Zebra Technologies's services and software — total net sales?
Zebra Technologies (ZBRA) reported services and software — total net sales of $264M in Q1 2026.
How has Zebra Technologies's services and software — total net sales changed year-over-year?
Zebra Technologies's services and software — total net sales increased by 7.3% year-over-year, from $246M to $264M.
What is the long-term trend for Zebra Technologies's services and software — total net sales?
Over 4 years (2021 to 2025), Zebra Technologies's services and software — total net sales has grown at a 5.8% compound annual growth rate (CAGR), from $782M to $978M.
What does services and software — total net sales mean?
This metric represents the total revenue generated from the sale of software licenses, subscriptions, maintenance contracts, and professional services within a specific business segment. It reflects the company's ability to monetize recurring service streams and software-based solutions that complement its core hardware offerings. Growth in this area is a key indicator of the company's transition toward a more predictable, high-margin business model.

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