WS Investor
28 Oct 2025, 15:12
Zebra Technologies Posts 5% Q3 2025 Sales Growth, Lifts Outlook with Strong Cash Flow and Buybacks
Zebra Technologies (NASDAQ: ZBRA) reported third-quarter 2025 net sales of $1.32 billion, up 5.2% year-over-year, driven by strength in both business segments. Enterprise Visibility & Mobility (EVM) sales rose 2% to $865 million, while Asset Intelligence & Tracking (AIT) jumped 10.6% to $455 million.
Non-GAAP diluted EPS climbed 11% to $3.88, and adjusted EBITDA grew 6% to $285 million, reflecting strong demand, tariff savings, and operating efficiency. GAAP net income was $101 million ($1.97 per share) versus $137 million ($2.64) a year ago.
CEO Bill Burns credited the performance to solid execution and lower-than-expected tariffs, noting that the company’s recent acquisition of Elo Touch Solutions will accelerate its connected frontline strategy.
Zebra ended the quarter with $1.05 billion in cash and $2.18 billion in debt. For the first nine months of 2025, free cash flow reached $504 million, including $284 million in share repurchases. The company plans to repurchase an additional $500 million of stock through Q3 2026.
For Q4 2025, Zebra expects sales growth of 8–11%, adjusted EBITDA margin around 22%, and non-GAAP EPS between $4.20 and $4.40. Full-year free cash flow is forecast to exceed $800 million.
Zebra Technologies (NASDAQ: ZBRA) reported third-quarter 2025 net sales of $1.32 billion, up 5.2% year-over-year, driven by strength in both business segments. Enterprise Visibility & Mobility (EVM) sales rose 2% to $865 million, while Asset Intelligence & Tracking (AIT) jumped 10.6% to $455 million.
Non-GAAP diluted EPS climbed 11% to $3.88, and adjusted EBITDA grew 6% to $285 million, reflecting strong demand, tariff savings, and operating efficiency. GAAP net income was $101 million ($1.97 per share) versus $137 million ($2.64) a year ago.
CEO Bill Burns credited the performance to solid execution and lower-than-expected tariffs, noting that the company’s recent acquisition of Elo Touch Solutions will accelerate its connected frontline strategy.
Zebra ended the quarter with $1.05 billion in cash and $2.18 billion in debt. For the first nine months of 2025, free cash flow reached $504 million, including $284 million in share repurchases. The company plans to repurchase an additional $500 million of stock through Q3 2026.
For Q4 2025, Zebra expects sales growth of 8–11%, adjusted EBITDA margin around 22%, and non-GAAP EPS between $4.20 and $4.40. Full-year free cash flow is forecast to exceed $800 million.
