Zebra Q3 FY2026: sales up 22.3%, EPS just shy of consensus, outlook raised
Zebra beat on sales, missed slightly on non-GAAP EPS, and raised its full-year outlook anyway. Revenue of $1.614 billion rose 22.3%, though acquisitions supplied about half of that; non-GAAP EPS of $4.95 landed roughly a nickel under the $5.0012 consensus as memory costs pulled gross margin down to 45.7%. The read-through is a demand story carrying a cost problem, not a demand problem.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $3.43 and non-GAAP $4.95, up 27.6% from $3.88 a year earlier, but the non-GAAP figure came in about $0.05 below the $5.0012 consensus. Net income of $164 million was 62.4% higher, helped by a tax line of $34 million versus $58 million a year ago. The gap between GAAP and non-GAAP is mostly $50 million of share-based compensation and $37 million of intangible amortization.
Revenue of $1.614 billion rose 22.3% from $1.320 billion a year ago, but organic growth was 11.3%, so acquisitions such as Elo Touch did roughly half the work. Connected Frontline sales were $949 million versus $705 million, with organic growth of 15.0%, while Asset Visibility & Automation was $665 million versus $615 million, up 7.0% organically. Tangible products supplied $1.370 billion of the total and services and software $244 million.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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