Overview
- Zebra, which reported results on Tuesday, delivered record second-quarter revenue up about 20.4% to roughly $1.56 billion with adjusted EBITDA margin at 27.7% and non‑GAAP EPS of $6.35.
- Management raised full‑year guidance to 14%–16% sales growth, non‑GAAP EPS of $20.75–$21.25 and at least $1 billion of free cash flow based on the stronger quarter.
- Shares surged into fresh 52‑week highs after the beat as investors reacted to the revenue, margin upside and the upgraded outlook.
- Company results were broad based across Connected Frontline and Asset Visibility & Automation and across retail, manufacturing and healthcare, aided in part by the Elo Touch acquisition.
- Near‑term constraints include memory‑component shortages that limited some shipments and an expected ~$120 million memory cost headwind that Zebra plans to partly recoup (~$90 million) through pricing while qualifying multiple new suppliers.