Zebra Technologies Corporation (ZBRA) AI Stock Analysis

Zebra Technologies Corporation provides enterprise asset intelligence solutions within the automatic identification and data capture industry. It operates through two segments: Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs and manufactures barcode printers, thermal card printers, RFID printers, barcode scanners, RFID readers, and rugged mobile computing tablets. Zebra also delivers real-time location systems, temperature-monitoring labels, workforce management solutions, workflow execution tools, and prescriptive analytics. In addition, Zebra supports operations through maintenance, technical support, repair, managed services, and cloud-based software subscriptions across retail, manufacturing, and other global industries.

Zebra generated $5.40B in revenue during FY2025, reflecting 8.3% growth following an 8.7% rebound to $4.98B in FY2024 and a 20.7% contraction to $4.58B in FY2023. Over the five years from FY2020 to FY2025, revenue posted a compound annual growth rate of 3.9%. Gross margin stood at 45.9% in FY2025, while operating margin reached 14.8% and net income was $419.0M. For the trailing twelve months, revenue reached $5.85B with an operating margin of 21.3% and a profit margin of 9.2%. In the latest quarter ended June 30, 2026, quarterly revenue increased 20.4% year-over-year, and quarterly earnings grew 121.5%.

As of June 30, 2026, Zebra held $157.0M in cash and short-term investments against total debt of $2.96B, resulting in net debt of $2.81B. Total assets were $8.64B and shareholders' equity was $3.44B, yielding a debt-to-equity ratio of 0.86 and a current ratio of 0.52. Operating cash flow in FY2025 was $917.0M, supporting free cash flow of $831.0M after capital expenditures of $86.0M. Zebra deployed capital into $587.0M of share buybacks in FY2025, reducing its share count by 6.0% over five years.

Zebra trades at a trailing price-to-earnings multiple of 33.8x, compared to 30.8x for the median of its S&P 500 Technology peers. On a forward basis, its price-to-earnings multiple of 16.9x sits below the peer median of 20.9x. The stock has an enterprise value to EBITDA ratio of 19.3x, slightly lower than the peer group median of 19.9x, and a price-to-sales multiple of 3.0x versus the peer median of 6.3x. Zebra shares gained 25.5% over the past year, outperforming the S&P 500 return of 16.8%, but its 5-year return of -28.5% lagged the index return of 83.0%.

Wall Street coverage includes 7 Strong Buy, 3 Buy, and 6 Hold recommendations, with no Sell or Strong Sell ratings. The mean price target of $414.85 implies 12.4% upside relative to the last close of $369.01. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $6.23B and EPS of $21.07, representing 33.0% earnings growth. For FY2027, 16 analysts forecast revenue of $6.62B and EPS of $22.29. Zebra beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 3, 2026.

This page is an AI-written research summary of Zebra Technologies Corporation (ZBRA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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