Zebra Technologies Corporation (ZBRA) - Stock Analysis

Last updated: Sep 5, 2026

Research Idea

Research content for general circulation. Not individualized advice. Methodology & Disclosures

Q2 results were strong, with net sales of $1.557B up 20.4% YoY and non-GAAP EPS of $6.35 beating estimates; shares jumped on 2026-08-04 and are up about 36% over 21 trading days.

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Idea window: 8/4/2026 – 8/11/2026Sector: Technology

AI Analyst Overview

Last Price
$362.74
Market Cap
$17.28B
1D Return
+1.47%
YTD Return
+49.39%

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Valuation Metrics

P/E
33.9
P/B
5.3
P/S
3.0
EV/EBITDA
17.4
Div Yield
—

Fundamental Analysis

5.0

Key Financial Insights: • Strong Cash Flow • Rising Leverage • Weak Liquidity ZBRA delivers strong margins and cash flow, but elevated near-term debt, weak liquidity, intangible-heavy equity, and premium valuation warrant caution.

Profitability
LiquidityRisk

Price Behavior

4.0

Key Price Behavior Insights: • Support rebound • Resistance test • Lower highs Support Level: $351–$344 Resistance Level: $364–$369 ZBRA is rebounding from $343.70 support but remains technically cautious below $364–$369 resistance, with a sustained breakout needed to improve the outlook.

TechnicalRebound
CautiousMomentum

Sentiment & News

7.0

Key News Insights: • Record quarterly results • Elo acquisition benefits • Near-term volatility Zebra Technologies shows strong operational and earnings momentum, supported by acquisition benefits, cash-flow growth and bullish sentiment, though tariff-driven margins and recent volatility warrant caution.

ZebraTech
EarningsMomentum
AI

AI Summary

6.0
Neutral

Zebra's platform expansion and strong 2026 cash flow support a credible workflow-automation growth story, but at ~32x earnings investors should wait for proof that growth and margins can persist beyond tariff refunds and the expected 2027 slowdown while management reduces near-term debt pressure.

AutomationGrowth
ValuationRisk
DebtManagement
AI summary updated 1 days ago

Description

Zebra Technologies provides enterprise asset intelligence solutions through two reporting units: Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company develops and sells labeling and identification hardware (printers, scanners, RFID devices), real-time location and inventory systems, rugged mobile computing products, and complementary software and services including cloud subscriptions, maintenance, and automation offerings. It serves customers across retail, manufacturing, logistics, healthcare, the public sector and other industries and sells via a direct sales force and channel partners; the company is headquartered in Lincolnshire, Illinois and was founded in 1969.

Idea History

DateCloseTickerCompanySummaryStatusP/L
Aug 4Aug 11ZBRAZebra Technologies Corporation
Q2 results were strong, with net sales of $1.557B up 20.4% YoY and non-GAAP EPS of $6.35 beating estimates; shares jumped on 2026-08-04 and are up about 36% over 21 trading days.
Closed+3.9%
Research content for educational purposes only. Not investment advice. All decisions are your responsibility.