)
Zebra Technologies (ZBRA) investor relations material
Zebra Technologies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 net sales reached $1.32 billion, up 5.2% year-over-year, with strong demand in Asia Pacific, Latin America, and North America, and notable growth in printing, mobile computing, and RFID segments.
Adjusted EBITDA margin rose to 21.6%, with adjusted EBITDA of $285 million, and non-GAAP diluted EPS increased 11.2% to $3.88.
Net income was $101 million ($1.97 per diluted share), down from the prior year due to higher taxes and operating expenses.
Growth was driven by retail, e-commerce, and AIT segment performance, while healthcare and manufacturing faced headwinds.
The company is investing in AI, mobile computing, and expanding its portfolio through acquisitions like Elo Touch Solutions and Photoneo.
Financial highlights
Q3 2025 net sales grew 5.2% year-over-year to $1.32 billion, with organic growth of 4.8%.
Adjusted gross margin was 48.2%, down 90 basis points due to U.S. import tariffs; gross profit was $634 million.
Operating expenses increased to $451 million, mainly from higher stock-based compensation.
Free cash flow for the first nine months was $504 million, with cash and cash equivalents at $1,053 million.
Year-to-date, $284 million in share repurchases were completed, with $500 million more planned.
Outlook and guidance
Q4 2025 sales growth expected between 8% and 11%, with 850 basis points from acquisitions and FX.
Q4 adjusted EBITDA margin projected at approximately 22%, with non-GAAP EPS between $4.20 and $4.40.
Full-year 2025 sales growth forecasted at 8%, adjusted EBITDA margin at 21.5%, and non-GAAP EPS at $15.80.
Free cash flow for FY25 expected to exceed $800 million.
$500 million share repurchase planned through Q3 2026.
Next Zebra Technologies earnings date
Next Zebra Technologies earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)