AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended July 4, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Zebra's Q2 revenue rose 20.4% YoY to $1,557M, but only 9.2% was organic — the rest driven by the Elo Touch acquisition, FX, and a one-time $73M IEEPA tariff refund benefit that lifted gross margin to 53.0%.
Biggest Revenue Drivers
Connected Frontline (CF)$903M+25.9% YoY
Primarily due to the inclusion of Elo Touch, higher sales of mobile computers, and favorable impact of foreign currency
Primarily due to higher sales of printing and machine vision products and favorable impact of foreign currency
Largest Expense Items
Research and development$159M+10.4% YoY
Increase tied to inclusion of Elo Touch and higher employee-related costs
General and administrative$114M+11.8% YoY
Increase tied to inclusion of Elo Touch and higher employee-related costs
Amortization of intangible assets$37M+48% YoY
Reflects intangible asset amortization from the Elo Touch acquisition
Margins: Gross margin rose to 53.0% from 47.6% (+540 bps), primarily due to favorable impacts of IEEPA tariff recoveries and foreign currency; the company also fully mitigated increased memory costs through price realization.
Watch Items from the Filing
Company recognized a $73M pretax benefit from expected IEEPA tariff refunds within Cost of Sales in Q2 ($46M CF, $27M AVA); only $14M had been received in cash by quarter-end, a non-recurring boost to reported margins.
Consolidated Organic Net sales growth was only 9.2% versus reported GAAP growth of 20.4%, with acquisitions/dispositions contributing 8.7 points and FX contributing 2.5 points.
Current portion of long-term debt jumped to $2,275M from $141M as Term Loan A and the Revolving Credit Facility mature May 25, 2027; the company states it intends to refinance in the second half of 2026.
Repurchased $568M of common stock year-to-date ($268M in Q2), funded partly by increased borrowings under the Revolving Credit and Receivables Financing Facilities.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Manire Ross WDirectorGrant or award · May 19, 2026
Congress trading in ZBRA
5 transactions in ZBRA reported by 3 members of Congress under the STOCK Act, most recent trade Jun 4, 2025. Reported transactions, not recommendations.
About ZEBRA TECHNOLOGIES CORP (ZBRA): stock profile, AI score and financials
ZEBRA TECHNOLOGIES CORP (ZBRA) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores ZBRA at 69.6/100 on a composite quality score built from its SEC filings, placing it at rank #242 of 2,925 stocks — the top 10% of the AI-ranked universe. ZBRA scores in the top quartile across institutional flow (81.2), revenue scale (79.9), balance sheet strength (75.3). Shareholder dilution risk is elevated at 31.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), ZEBRA TECHNOLOGIES CORP reports quarterly revenue of $1.6B, net income of $233.0M, an operating margin of 20.6%. Top institutional holders of ZBRA by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. ZBRA trades on the Nasdaq exchange and files with the SEC under CIK 877212. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ZBRA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ZEBRA TECHNOLOGIES CORP directly from SEC EDGAR.