Filing Flows › Zebra Technologies (ZBRA) › Guidance history
Zebra Technologies (ZBRA) guidance history: what it guided and what it reported
Zebra Technologies gave guidance in 12 earnings releases on file since Feb 15, 2024. Its releases raised guidance 7 times and lowered it 0 times.
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | 19.0% (Nov 3, 2026) | — | to be reported | — |
| Q3 2026 | 19.0% (Aug 4, 2026) | — | — | — |
| Q2 2026 | 19.0% (May 12, 2026) | — | — | — |
| FY2026 | 19.0% (Feb 12, 2026) → reaffirmed 19.0% (May 12, 2026) → reaffirmed 19.0% (Aug 4, 2026) | — | to be reported | — |
| Q4 2025 | 18.0% (Oct 28, 2025) | — | — | — |
| Q3 2025 | 17.0%–18.0% (Aug 5, 2025) | — | — | — |
| Q2 2025 | 17.0% (Apr 29, 2025) | — | — | — |
| FY2025 | 17.0% (Feb 13, 2025) → reaffirmed 17.0% (Apr 29, 2025) → raised 17.0%–18.0% (Aug 5, 2025) | — | — | — |
| Q4 2024 | 17.0% (Oct 29, 2024) | — | — | — |
| FY2024 | 17.0% (Apr 30, 2024) → reaffirmed 17.0% (Jul 30, 2024) | — | — | — |
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $900M (Feb 12, 2026) → reaffirmed $900M (May 12, 2026) → raised $1.0B (Aug 4, 2026) → reaffirmed $1.0B (Nov 3, 2026) | — | to be reported | — |
| FY2025 | $750M (Feb 13, 2025) → lowered $700M (Apr 29, 2025) → raised $800M (Aug 5, 2025) → reaffirmed $800M (Oct 28, 2025) | $831M (GAAP) | not judged | — |
| FY2024 | $550M (Feb 15, 2024) → raised $700M (Jul 30, 2024) → raised $850M (Oct 29, 2024) | $954M (GAAP) | not judged | — |
Adjusted EBITDA margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | 22.0% (Nov 3, 2026) | — | to be reported | — |
| Q3 2026 | 22.0% (Aug 4, 2026) | — | — | — |
| Q2 2026 | 21.0% (May 12, 2026) | — | — | — |
| FY2026 | 22.0% (Feb 12, 2026) → reaffirmed 22.0% (May 12, 2026) → raised 23.5%–24.0% (Aug 4, 2026) | — | to be reported | — |
| Q1 2026 | 21.0% (Feb 12, 2026) | — | — | — |
| Q4 2025 | 22.0% (Oct 28, 2025) | — | — | — |
| Q3 2025 | 21.0% (Aug 5, 2025) | — | — | — |
| Q2 2025 | 19.0% (Apr 29, 2025) | — | — | — |
| FY2025 | 21.0%–22.0% (Feb 13, 2025) → lowered 20.0%–21.0% (Apr 29, 2025) → raised 21.0%–22.0% (Aug 5, 2025) | — | — | — |
| Q1 2025 | 21.0% (Feb 13, 2025) | — | — | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $5.00–$5.40 (Nov 3, 2026) | — | to be reported | — |
| Q3 2026 | $4.70–$4.90 (Aug 4, 2026) | — | — | — |
| Q2 2026 | $4.20–$4.50 (May 12, 2026) | — | — | — |
| FY2026 | $17.70–$18.30 (Feb 12, 2026) → raised $18.30–$18.70 (May 12, 2026) → raised $20.75–$21.25 (Aug 4, 2026) | — | to be reported | — |
| Q1 2026 | $4.05–$4.35 (Feb 12, 2026) | — | — | — |
| Q4 2025 | $4.20–$4.40 (Oct 28, 2025) | — | — | — |
| Q3 2025 | $3.60–$3.80 (Aug 5, 2025) | — | — | — |
| Q2 2025 | $3.00–$3.50 (Apr 29, 2025) | — | — | — |
| FY2025 | $14.75–$15.25 (Feb 13, 2025) → lowered $13.75–$14.75 (Apr 29, 2025) → raised $15.25–$15.75 (Aug 5, 2025) | — | — | — |
| Q1 2025 | $3.50–$3.70 (Feb 13, 2025) | — | — | — |
The latest quarter
Zebra Technologies, Q3 2026: revenue $1.6B (+22% year over year), operating margin 14.7%, net earnings $164M, operating cash flow $324M. The chart follows the revenue to costs, profit and cash.
Questions
Does Zebra Technologies beat its guidance?
Zebra Technologies gave guidance in 12 earnings releases on file since Feb 15, 2024. Its releases raised guidance 7 times and lowered it 0 times.
How often does Zebra Technologies raise guidance?
Its earnings releases raised guidance 7 times and lowered it 0 times since Feb 15, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.