Zebra Technologies Announces Third Quarter 2026 Results

What happened

Zebra Technologies reported third-quarter 2026 net sales of $1,614 million, up 22.3% year over year, and net income of $164 million, or $3.43 per diluted share. Adjusted EBITDA was $349 million, non-GAAP diluted earnings per share reached $4.95, and the company repurchased $75 million of shares.

Confirmed

Global impact / market context

Higher sales and adjusted EBITDA indicate growth alongside earnings from operations before certain costs. Management says broad demand, Elo Touch’s contribution, stronger memory supply and pricing actions supported results. Share repurchases also return cash to shareholders, while reducing the number of shares outstanding can raise earnings per share.

Analyst inference

The article reports strong demand from customers prioritizing automation of frontline operations, but gives no industry comparisons or share-price response. Zebra says pricing actions and stronger memory supply helped it support growth while maintaining adjusted EBITDA margin year over year, pointing to both revenue and cost considerations.

Analyst inference

What to watch

1. Future sales and earnings reports can show whether demand for workflow automation persists and whether Elo Touch continues to contribute to growth, as management described. Analyst inference
2. Watch for updates on memory supply and pricing actions; management said these helped support growth, but the article provides no details on their future effects. Analyst inference
3. The chief financial officer said Zebra is investing for growth and returning capital, and reported more than $640 million of repurchases through a truncated statement. Confirmed

Evidence

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