Executive leadership at ZEBRA TECHNOLOGIES.
William Burns
Detailed
Chief Executive Officer
CEO
CO
Colleen O'Sullivan
Senior Vice President, Chief Accounting Officer
CK
Cristen Kogl
Chief Legal Officer, General Counsel and Corporate Secretary
JS
Jeffrey Schmitz
Chief People Officer
MC
Michael Cho
Chief Strategy Officer
NW
Nathan Winters
Chief Financial Officer
RH
Richard Hudson
Chief Revenue Officer
RA
Robert Armstrong
Chief Marketing Officer
TF
Tamara Froese
Chief Supply Chain Officer
Board of directors at ZEBRA TECHNOLOGIES.
AG
Anders Gustafsson
Detailed
Chair of the Board
FM
Frank Modruson
Detailed
Director
JR
Janice Roberts
Detailed
Director
KM
Kenneth Miller
Detailed
Director
LC
Linda Connly
Detailed
Director
MM
Mary McDowell
Detailed
Director
MS
Michael Smith
Detailed
Lead Independent Director
NC
Nelda Connors
Detailed
Director
RM
Ross Manire
Detailed
Director
SD
Satish Dhanasekaran
Detailed
Director
Research analysts who have asked questions during ZEBRA TECHNOLOGIES earnings calls.
JG
Joseph Giordano
TD Cowen
8 questions for ZBRA
Also covers: ABLZF, AME, APH +22 more
KH
Keith Housum
Northcoast Research
8 questions for ZBRA
Also covers: AXON, BRC, CDW +12 more
AB
Andrew Buscaglia
BNP Paribas
7 questions for ZBRA
Also covers: AME, APH, CGNX +12 more
GH
Guy Hardwick
Freedom Capital Markets
7 questions for ZBRA
Also covers: APH, CGNX, GWW +9 more
Piyush Avasthy
Citi
7 questions for ZBRA
Also covers: CGNX, RAL, SYM
Brad Hewitt
Wolfe Research, LLC
5 questions for ZBRA
Also covers: GGG, ITT, NDSN +2 more
Brian Drab
William Blair & Company
5 questions for ZBRA
Also covers: DCI, DDD, ENS +11 more
DK
Damian Karas
UBS
5 questions for ZBRA
Also covers: ALH, AOS, CGNX +14 more
Jamie Cook
Truist Securities
4 questions for ZBRA
Also covers: ACM, AGCO, AME +18 more
Meta Marshall
Morgan Stanley
4 questions for ZBRA
Also covers: ANET, AXON, BAND +31 more
RM
Rob Mason
Baird
4 questions for ZBRA
Also covers: AEIS, DCI, KEYS +5 more
Tommy Moll
Stephens Inc.
4 questions for ZBRA
Also covers: CARR, CGNX, DGII +12 more
Bradley Hewitt
Wolfe Research
3 questions for ZBRA
Also covers: FTV, ITT, JBI +2 more
CG
Chris Grenga
Needham & Company
3 questions for ZBRA
Also covers: AEIS, CECO, CLH +6 more
RM
Robert Mason
Robert W. Baird & Co.
3 questions for ZBRA
Also covers: AEIS, AME, ATMU +12 more
Thomas Moll
Stephens Inc.
3 questions for ZBRA
Also covers: CARR, CGNX, DGII +13 more
JR
Jim Ricchiuti
Needham & Company
2 questions for ZBRA
Also covers: AEIS, BHE, CECO +10 more
Katie Fleischer
KeyBanc Capital Markets
2 questions for ZBRA
Also covers: CGNX, DSGR, EMR +4 more
Kenneth Newman
KeyBanc Capital Markets
2 questions for ZBRA
Also covers: AIT, BOOM, CGNX +10 more
EM
Edward Magi
BNP Paribas
1 question for ZBRA
Also covers: NDSN
JR
James Ricchiuti
Needham & Company, LLC
1 question for ZBRA
Also covers: AEIS, BELFA, BHE +20 more
KJ
Karan Juvekar
Morgan Stanley
1 question for ZBRA
Also covers: INFN, LITE
M
Marianne
Morgan Stanley
1 question for ZBRA
RJ
Rob Jamieson
TD Cowen
1 question for ZBRA
Also covers: BDC, IEX, KEYS +1 more
TM
Tommy Maul
Stephens
1 question for ZBRA
Recent press releases and 8-K filings for ZBRA.
Zebra Technologies outlines 2026 guidance and strategic priorities
ZBRA
Guidance Update
M&A
Share Buyback
- Zebra’s 2026 guidance targets ~4% organic revenue growth, below its 5–7% long-term average, following 6% organic growth and 17% EPS growth in Q4 2025.
- End markets: European operations returned to growth in Q4; manufacturing grew high single digits; strong momentum in RFID and machine vision; transportation & logistics is building multi-year AI-enabled proof-of-delivery deployments.
- AI strategy: Positioned as an AI provider for frontline workers via Enablers (APIs), Blueprints, and Companion Suite, piloting automated proof-of-delivery and retail assistance applications to enhance productivity.
- Capital allocation: Exited robotics business to cut R&D below 10% of revenue (saving $20 M annually); announced $1 B share repurchase, targeting 50% of free cash flow in H1 2026 with 2× leverage, while pursuing adjacencies in RFID, machine vision, and AI through M&A.
Feb 17, 2026, 1:00 PM
Zebra Technologies outlines 2026 guidance and AI, M&A priorities at Citi conference
ZBRA
Guidance Update
M&A
New Projects/Investments
- 2026 organic growth guidance ~4%, below its 5–7% long-term range; Q4 2025 grew 6% organically with 17% EPS growth and strong free cash flow.
- End-market momentum: European business returned to growth in Q4, manufacturing up high-single digits, and continued pipeline strength in healthcare, retail, e-commerce, RFID and machine vision.
- Launched an AI suite comprising Enablers (APIs), Blueprints, and Companion Suite to deliver frontline AI applications tailored to customer inventory and procedures.
- Targeting 50 bps of annual margin expansion via operating leverage and productivity; exiting robotics yields a $20 m reduction in annual R&D spend, lowering R&D to 9–9.5% of revenue while reinvesting in AI go-to-market.
- Confirmed $10 m of the $25 m by-year-three synergy target from the Elo acquisition; refocusing portfolio on core automation, RFID, machine vision and digital solutions.
Feb 17, 2026, 1:00 PM
Zebra Technologies outlines 2026 growth guidance, AI strategy, and capital priorities
ZBRA
Guidance Update
Share Buyback
- Zebra’s 2026 guidance calls for ~4% organic growth, below its 5–7% long-term average, underpinned by 0.5 ppt of pricing carryover and expected momentum in Europe, manufacturing, RFID, and machine vision.
- The company is positioning itself as the AI provider for frontline workers, offering developer APIs (enablers), solution blueprints, and a Companion Suite of AI-driven applications—currently in pilot—to enhance asset visibility and store-associate workflows.
- It exited the unprofitable robotics business, securing a $20 m annual R&D expense reduction and refocusing R&D (targeted at 9–9.5% of revenue) on RFID, machine vision, and AI.
- Zebra authorized a $1 billion share repurchase, intends to deploy 50% of free cash flow in H1 2026, maintains 2× debt leverage, and preserves headroom for adjacent, high-growth M&A.
Feb 17, 2026, 1:00 PM
Zebra Technologies reports Q4 2025 results
ZBRA
Earnings
M&A
Guidance Update
- Q4 sales of nearly $1.5 billion (+10.6% YoY; +2.5% organic), Adj. EBITDA margin of 22.1%, and non-GAAP EPS of $4.33 (+8%).
- FY 2025: >6% sales growth, 17% non-GAAP EPS growth, free cash flow of $831 million, and $587 million of share repurchases; board approved an additional $1 billion buyback.
- Closed Elo Touch and Photoneo acquisitions to expand frontline connectivity and 3D machine vision capabilities.
- 2026 outlook: Q1 sales +11–15% (≈10pts acquisitions/FX), Adj. EBITDA 21–22%, EPS $4.05–4.35; FY sales +9–13% (≈7pts), Adj. EBITDA ~22%, EPS $17.70–18.30, free cash flow ≥$900 million.
Feb 12, 2026, 1:30 PM
Zebra Technologies reports Q4 2025 results
ZBRA
Earnings
Share Buyback
Guidance Update
- Q4 net sales were $1,475 M, up 10.6% YoY, driven by 2.5% organic growth with Asia Pacific up 13% organically.
- Adjusted EBITDA was $326 M, up 10.5% YoY, with a margin of 22.1%, flat year-over-year.
- Non-GAAP diluted EPS was $4.33, an 8.3% increase versus Q4 2024.
- Free cash flow totaled $831 M (102% conversion); the company repurchased $587 M of shares and ended the year with a net debt/adjusted EBITDA ratio of 2.0×.
- FY 2026 guidance calls for sales growth of 9–13%, an adjusted EBITDA margin of ~22% and non-GAAP EPS of $17.70–$18.30.
Feb 12, 2026, 1:30 PM
Zebra Technologies reports Q4 2025 results
ZBRA
Earnings
Guidance Update
Share Buyback
- Delivered Q4 sales of nearly $1.5 billion, up 10.6% (2.5% organic), with Adjusted EBITDA margin of 22.1% and non-GAAP EPS of $4.33, an 8% increase.
- For FY 2025, achieved >6% sales growth, 17% EPS growth, generated $831 million of free cash flow (102% conversion), and repurchased $587 million of stock (including $300 million in Q4); board approved an additional $1 billion buyback authorization.
- Announced 2026 outlook: Q1 sales growth 11–15% (incl. ~10 pts from acquisitions/FX); FY 2026 sales growth 9–13%, adjusted EBITDA margin ~22%, EPS $17.70–18.30, and FCF ≥$900 million.
- Continued strategic M&A with the Elo Touch and Photoneo acquisitions to expand RFID, machine vision, and AI capabilities, exiting robotics to focus on higher-growth areas.
Feb 12, 2026, 1:30 PM
Zebra Technologies reports Q4 2025 results
ZBRA
Earnings
Guidance Update
Share Buyback
- Zebra delivered Q4 sales of nearly $1.5 billion (+10.6% YoY; +2.5% organic), with an Adjusted EBITDA margin of 22.1% and non-GAAP EPS of $4.33 (+8% YoY).
- For full-year 2025, the company achieved >6% sales growth, 17% EPS growth, and generated > $800 million of free cash flow, completed the Elo and Photoneo acquisitions, and repurchased > $300 million in Q4 (nearly $600 million for FY), with the board authorizing an additional $1 billion buyback.
- 2026 guidance includes first-quarter sales growth of 11%–15% (with Q1 EBITDA margin 21%–22% and EPS $4.05–4.35), full-year sales growth of 9%–13%, EBITDA margin ~22%, EPS of $17.70–18.30, and free cash flow ≥ $900 million.
Feb 12, 2026, 1:30 PM
Zebra Technologies announces Q4 2025 results and $1 billion share buyback
ZBRA
Earnings
Share Buyback
Guidance Update
- Board approves an additional $1 billion share repurchase authorization, raising remaining capacity to over $1.1 billion (Feb. 12, 2026).
- Q4 2025 net sales of $1,475 million, up 10.6% YoY; GAAP EPS of $1.39 and non-GAAP EPS of $4.33, up 8.3% YoY.
- FY 2025 net sales of $5,396 million, up 8.3% YoY; non-GAAP EPS of $15.84, up 17.2% YoY; free cash flow of $831 million.
- Outlook 2026: Q1 sales growth 11–15%, full-year sales growth 9–13%, non-GAAP EPS $17.70–18.30, and free cash flow of at least $900 million.
Feb 12, 2026, 12:48 PM
Zebra Technologies reports Q4 and FY 2025 earnings
ZBRA
Earnings
Share Buyback
- Q4 net sales were $1,475 million, up 10.6% year-over-year; FY 2025 net sales reached $5,396 million, up 8.3%.
- Q4 GAAP net income was $70 million (EPS $1.39), down 57.1% y-o-y; FY GAAP net income was $419 million (EPS $8.18), down 20.6%.
- Q4 non-GAAP diluted EPS rose 8.3% to $4.33, and adjusted EBITDA increased 10.5% to $326 million.
- The company repurchased $303 million of shares in Q4 and its Board approved an additional $1 billion buyback authorization.
Feb 12, 2026, 11:30 AM
Zebra Technologies approves additional $1 billion share repurchase authorization
ZBRA
Share Buyback
- Board approves additional $1 billion share repurchase authorization, raising total remaining authorization to over $1.1 billion.
- $580 million returned to shareholders through share repurchases in full year 2025.
- $1.7 billion of capital returned since program inception in July 2019 through year-end 2025.
Feb 12, 2026, 11:25 AM
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