Zebra Technologies stock: Q3 sales jump 22.3%, outlook raised
Published on 11/05/2026 at 13:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSStrong quarter meets margin pressure
- Zebra Technologies reported record third-quarter sales as customers continued investing in automation and productivity.
- Higher memory costs reduced gross margin, keeping profitability execution at the center of the investment case.
- The company expects further growth in the fourth quarter and at least 1 billion US dollars of full-year free cash flow.
Zebra Technologies reported record third-quarter sales on November 3, 2026, and raised its full-year outlook as customers continued investing in automation and frontline productivity. The company said in a Business Wire release that third-quarter results covered the period ended October 3, 2026.
Sales growth broadens across segments
Net sales rose 22.3 percent year over year to 1.614 billion US dollars. Organic sales increased 11.3 percent, with Connected Frontline revenue up 15.0 percent and Asset Visibility and Automation revenue up 7.0 percent. Net income reached 164 million US dollars, while non-GAAP diluted earnings per share increased to 4.95 US dollars from 3.88 US dollars.
Adjusted EBITDA rose to 349 million US dollars, but its margin held at 21.6 percent. Gross margin narrowed to 45.7 percent from 48.0 percent, primarily because of higher memory component costs and business mix. Zebra said pricing actions, stronger memory supply and operating leverage supported the quarter.
Higher targets raise execution demands
For the fourth quarter, Zebra expects sales growth of 10 to 14 percent, an adjusted EBITDA margin of about 22 percent and non-GAAP diluted earnings per share of 5.00 to 5.40 US dollars. The outlook includes an estimated 150-basis-point benefit from foreign-currency translation. Full-year free cash flow is expected to reach at least 1 billion US dollars.
Zebra Technologies stock traded at 295.50 euros on Lang & Schwarz at 13:31 CET on Thursday, November 5, 2026. Investors can follow the real-time quote of Zebra Technologies stock for the latest trading level.
Zebra Technologies at a glance
- Company: Zebra Technologies Corporation
- ISIN: US9892071054
- Exchange: Lang & Schwarz
- Quote: 295.50 euros on November 5, 2026 at 13:31 CET
- Previous Lang & Schwarz quote: 295.50 euros
- Third-quarter sales: 1.614 billion US dollars for the period ended October 3, 2026
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