Filing Flows › Zebra Technologies (ZBRA) › Q2 2025
Zebra Technologies (ZBRA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Zebra Technologies (ZBRA) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +6% from a year earlier and -1% from the quarter before. Operating margin was 14.2%, net earnings $112M (8.7% of revenue).
Zebra Technologies, Q2 2025: revenue $1.3B (+6% year over year), operating margin 14.2%, net earnings $112M, operating cash flow $147M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -1% | +6% |
| Gross profit | $616M | -4% | +5% |
| Operating profit | $183M | -6% | +10% |
| Net earnings | $112M | -18% | -0.9% |
| Operating cash flow | $147M | -17% | -49% |
| Free cash flow | $130M | -18% | -53% |
What changed
Revenue was $1.3B in Q2 2025, up 6% year over year and down 1% from the previous quarter. Tangible Products was the largest line at 82% of revenue. Tangible Products added $0.07B year over year (up 7%), 95% of the total change.
Gross margin was 47.6%, down 0.8 points from a year earlier. Operating profit was $0.18B, a 14.2% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 14% margin then. Operating expenses grew 3% against revenue growth of 6%. Net earnings were $0.11B, down 1% year over year. The effective tax rate was 18.8%.
Operating cash flow was $0.15B (down 49% year over year), 131% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.02B left free cash flow of $0.13B.
Questions
What was Zebra Technologies' revenue in the second quarter 2025?
Zebra Technologies (ZBRA) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +6% from a year earlier and -1% from the quarter before.
Was Zebra Technologies profitable in the second quarter 2025?
Operating profit was $183M (14.2% of revenue) and net earnings $112M.
Source: Zebra Technologies 10-Q on SEC EDGAR.