Filing Flows › Zebra Technologies (ZBRA) › Q2 2026
Zebra Technologies (ZBRA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Zebra Technologies (ZBRA) reported revenue of $1.6B for the second quarter 2026 (Q2 2026), +20% from a year earlier and +4% from the quarter before. Operating margin was 20.6%, net earnings $233M (15.0% of revenue).
Zebra Technologies, Q2 2026: revenue $1.6B (+20% year over year), operating margin 20.6%, net earnings $233M, operating cash flow $211M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +4% | +20% |
| Gross profit | $825M | +11% | +34% |
| Operating profit | $321M | +49% | +75% |
| Net earnings | $233M | +73% | +108% |
| Operating cash flow | $211M | +20% | +44% |
| Free cash flow | $198M | +21% | +52% |
What changed
Revenue was $1.6B in Q2 2026, up 20% year over year and up 4% from the previous quarter. Tangible Products was the largest line at 85% of revenue. Tangible Products added $0.26B year over year (up 25%), 99% of the total change.
Gross margin was 53.0%, up 5.3 points from Q2 2025. Operating profit was $0.32B, a 20.6% margin (up 6.5 points year over year). Of the extra revenue versus Q2 2025, 52% reached operating profit, above the 14% margin then. Operating expenses grew 16% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+62%). Net earnings were $0.23B, up 108% year over year. The effective tax rate was 18.2%.
Operating cash flow was $0.21B (up 44% year over year), 91% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.01B left free cash flow of $0.20B.
Questions
What was Zebra Technologies' revenue in the second quarter 2026?
Zebra Technologies (ZBRA) reported revenue of $1.6B for the second quarter 2026 (Q2 2026), +20% from a year earlier and +4% from the quarter before.
Was Zebra Technologies profitable in the second quarter 2026?
Operating profit was $321M (20.6% of revenue) and net earnings $233M.
Source: Zebra Technologies 10-Q on SEC EDGAR.