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ZBRA Q4 2025 Earnings
Reported Feb 12, 2026 at 7:48 AM ET · SEC Source
Q4 25 EPS
$4.33
MISS 0.11%
Est. $4.33
Q4 25 Revenue
$1.48B
BEAT +0.60%
Est. $1.47B
vs S&P Since Q4 25
-20.1%
TRAILING MARKET
ZBRA -12.6% vs S&P +7.5%
Full Year 2025 Results
FY 25 EPS
$15.84
FY 25 Revenue
$5.40B
Market Reaction
Did ZBRA Beat Earnings? Q4 2025 Results
Zebra Technologies delivered a mixed fourth quarter, edging past revenue expectations while falling just short on the bottom line as restructuring costs tied to a major strategic retreat weighed on results. The enterprise technology company posted Q4… Read more Zebra Technologies delivered a mixed fourth quarter, edging past revenue expectations while falling just short on the bottom line as restructuring costs tied to a major strategic retreat weighed on results. The enterprise technology company posted Q4 2025 revenue of $1.48 billion, a 10.6% year-over-year gain that cleared the $1.47 billion consensus by 0.60%, though reported growth was flattered by acquisitions; organic net sales rose a more modest 2.5%. Non-GAAP diluted EPS of $4.33 narrowly missed the $4.33 consensus by 0.11%, while GAAP earnings cratered 57.1% to $1.39 per diluted share after the company absorbed $76 million in charges related to its decision to exit the robotics business. Analysts have been watching Zebra's acquisition-led expansion closely, with the $1.36 billion combined purchase of Elo Touch and Photoneo reshaping its segment mix. Looking ahead, Zebra guided full-year 2026 non-GAAP EPS of $17.70 to $18.30 on sales growth of 9% to 13%, and authorized an additional $1 billion in share repurchases, signaling management confidence in the path forward.
Key Takeaways
- • 10.6% year-over-year net sales growth driven by acquisitions (Elo Touch, Photoneo) and organic growth of 2.5%
- • Connected Frontline segment organic net sales growth of 3.6%
- • Non-GAAP diluted EPS growth of 8.3% year over year
- • Adjusted EBITDA margin maintained at 22.1%
- • Improved operating expense leverage on adjusted basis
ZBRA YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
ZBRA Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered a strong finish to the year as our team continued to advance the strategic priorities that strengthen Zebra's leadership in digitizing and automating workflows. We entered 2026 with a healthy backlog and pipeline, momentum from the Elo Touch acquisition, and a sharper focus on our highest-growth opportunities. We have also made strong progress on our commitment to return capital to shareholders, and our Board of Directors approved an additional $1 billion share repurchase authorization. Zebra is well positioned to deliver innovative solutions for our customers and long-term shareholder value.”
— Bill Burns, Q4 2025 Earnings Press Release
ZBRA Earnings Trends
ZBRA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ZBRA EPS Trend
Earnings per share: estimate vs actual
ZBRA Revenue Trend
Quarterly revenue: estimate vs actual
ZBRA Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $4.25 | $4.75 | +11.88% | $1.50B | +1.10% |
| Q4 25 MISS FY | $4.33 | $4.33 | -0.11% | $1.48B | +0.60% |
| FY Full Year | — | $15.84 | — | $5.40B | — |
| Q3 25 BEAT | $3.75 | $3.88 | +3.40% | $1.32B | +0.26% |
| Q2 25 BEAT | $3.33 | $3.61 | +8.44% | $1.29B | +0.04% |