Q2 FY2026 EarningsQ2 FY26 results significantly exceeded consensus, with revenue of $1,557M (+20.4% YoY) beating the $1,498M estimate, and Non-GAAP EPS of $6.35 far surpassing the $4.38 expectation. Profitability was bolstered by a record Adjusted Gross Margin of 53.3% (+540 bps YoY) and $73M in IEEPA tariff recoveries. Management raised full-year FY26 guidance for revenue growth (14-16%) and Adjusted EBITDA margin (23.5-24.0%), signaling continued momentum in automation and Physical AI demand.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Zebra Tech(ZBRA) the Revenue is 1.557 B (+20.42%), Beat estimate;the EBIT is 411 M (+65.06%), Beat estimate;the EPS is 4.85 (+121.5%), Beat estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
1.56B20.42%
1.50B15.86%
+0.06B4.56%
EBITExceed expectations
0.41B65.06%
0.30B21.32%
+0.11B43.74%
EPSExceed expectations
4.85121.46%
3.032138.45%
+1.817983.01%
Upcoming earnings report - Q3 FY2026
Available dateNov 3, 2026
Estimate Revenue$1.57 B
Estimate EBIT$325.85 M
Estimate EPS$3.6667
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