Zebra Technologies Corp Ordinary Shares - Class A

ZBRA: XNAS (USA)

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Zebra Earnings: Healthy Demand and Strong Profits Help to Counter the AI Bear Case

William Kerwin

May 12, 2026

Zebra's first-quarter results were strong, and management raised its 2026 outlook. Sales rose 14% year on year (4% organically) to $1.5 billion. Non-GAAP operating margin expanded 90 basis points to 21.9%. 2026 guidance rose by the same amount as the first-quarter beat. Shares rose 11% on May 12.

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Zebra Technologies Corp Ordinary Shares - Class A

Zebra Earnings: Healthy Demand and Strong Profits Help to Counter the AI Bear Case

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