Zebra Technologies posts record second-quarter results and raises 2026 outlook

Zebra reported second-quarter 2026 sales of $1.557 billion, up 20.4% year over year, with GAAP diluted EPS of $4.85 and non-GAAP diluted EPS of $6.35; adjusted EBITDA rose to $431 million. The company raised its full-year outlook to 14%-16% sales growth, non-GAAP diluted EPS of $20.75-$21.25 and free cash flow above $1 billion, while repurchasing $568 million of shares in the first half.