Zebra Technologies

ZBRA · Information Technology · Market cap $13.9B

Q1 FY26 Jan 1 – Apr 4, 2026 reported May 12, 2026

Revenue$1.50B +14% year over year

Gross profit$0.74B

Operating profit$0.22B

Net profit$0.14B 9% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Apr 4, 2026).
Item	Value	Share of revenue	Year over year
Revenue	1.50	100%	+14%
Tangible Products	1.23	82%	+16%
Service and Software	0.26	18%	+7%
Cost of revenue	−0.75	50%
Gross profit	0.74	50% margin	+0pp
Research & development	−0.17	11%	−1pp
Sales & marketing	−0.19	13%	+0pp
G&A	−0.13	8%	+0pp
Other	−0.05	3%	+0pp
Operating profit	0.22	14% margin	−1pp
Tax	−0.03
Interest & other costs	−0.05
Net profit	0.14	9%	−1pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.48	100%	+11%
Tangible Products	1.22	83%	+12%
Service and Software	0.26	17%	+2%
Cost of revenue	−0.78	53%
Gross profit	0.70	47% margin	−1pp
Research & development	−0.15	10%	+0pp
Sales & marketing	−0.18	12%	+1pp
G&A	−0.11	7%	−1pp
Other	−0.12	8%	+0pp
Operating profit	0.14	9% margin	−7pp
Tax	−0.03
Interest & other costs	−0.04
Net profit	0.07	5%	−7pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 27, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.32	100%	+5%
Tangible Products	1.08	82%	+6%
Service and Software	0.24	18%	+1%
Cost of revenue	−0.69	52%
Gross profit	0.63	48% margin	−1pp
Research & development	−0.15	11%	+0pp
Sales & marketing	−0.16	12%	+0pp
G&A	−0.11	8%	+1pp
Other	−0.04	3%	+0pp
Operating profit	0.18	14% margin	−1pp
Tax	−0.06
Interest & other costs	−0.02
Net profit	0.10	8%	−3pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 28, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.29	100%	+6%
Tangible Products	1.06	82%	+7%
Service and Software	0.24	18%	+2%
Cost of revenue	−0.68	52%
Gross profit	0.62	48% margin	−1pp
Research & development	−0.14	11%	−1pp
Sales & marketing	−0.16	12%	+0pp
G&A	−0.10	8%	+0pp
Other	−0.03	2%	+0pp
Operating profit	0.18	14% margin	+0pp
Tax	−0.03
Interest & other costs	−0.05
Net profit	0.11	9%	−1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Jan 1 – Apr 4, 2026	May 12, 2026	$1.5B	+14%	14%	$0.14B	9%
Q4 FY25	Sep 28 – Dec 31, 2025	Feb 12, 2026	$1.5B	+11%	9%	$0.07B	5%
Q3 FY25	Jun 29 – Sep 27, 2025	Oct 28, 2025	$1.3B	+5%	14%	$0.10B	8%
Q2 FY25	Mar 30 – Jun 28, 2025	Aug 5, 2025	$1.3B	+6%	14%	$0.11B	9%