Lumida
/ZBRA
⌘K
Zebra Technologies Corp

Zebra Technologies Corp

ZBRA
$350.37USD+1.85%+6.36 today

MARKET CAP

16.6B

P/E (TTM)

17.8x

FWD P/E

16.3x

DAY RANGE

$348 – $357

52W RANGE

$199
$386

AI Summary

Stalk
Sell NowMedium

ZBRA formed a classic blow-off top in early September, marking unsustainable buying and prompting a sharp pullback. The chart has since shifted into a Stage 3 topping phase, with price now below the 9-, 20-, and 50-day EMAs. Medium-term bias is bearish, favoring selling into rallies at the EMAs around the 350–352 zone. Short-term execution is ready to fade strength on rejections at these moving averages. Long-term uptrend remains intact above the 200-day SMA, but reclaim of EMAs and prior support would invalidate this stance.

  • Q2 revenue $1.5B (+20.4% YoY; 9.2% organic), EPS $6.35 (+76%) beat estimates.
  • Adjusted EBITDA margin rose to 27.7% (+710bps), free cash flow $361M.
  • Adjusted gross margin fell to 48.2% as memory costs rose.
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$5.6B$5.8B$4.6B$5.0B$5.4B
YoY %+26.5%+2.7%-20.7%+8.7%+8.3%
P / Sales5.7x2.4x3.0x4.0x2.3x
EV / Sales6.2x3.2x3.9x4.7x3.2x
Gross Profit, Adj.$2.6B$2.6B$2.1B$2.4B$2.6B
YoY %+31.2%-0.2%-19.1%+13.7%+7.5%
Margin %46.7%45.4%46.3%48.4%48.1%
EV / Gross Profit13.3x7.0x8.5x9.7x6.6x
EBITDA, Adj.$1.2B$1.1B$761.0M$937.0M$985.0M
YoY %+44.2%-4.8%-33.2%+23.1%+5.1%
Margin %21.3%19.7%16.6%18.8%18.3%
EV / EBITDA29.2x16.1x23.6x25.1x17.5x
EBIT$1.0B$550.0M$481.0M$742.0M$700.0M
YoY %+49.0%-45.2%-12.5%+54.3%-5.7%
Margin %17.8%9.5%10.5%14.9%13.0%
EV / EBIT34.8x33.4x37.4x31.7x24.6x
Net Income$837.0M$463.0M$296.0M$528.0M$419.0M
YoY %+66.1%-44.7%-36.1%+78.4%-20.6%
Net Margin14.9%8.0%6.5%10.6%7.8%
EPS (GAAP)$15.52$8.80$5.72$10.18$8.18
YoY %+66.0%-43.3%-35.0%+78.0%-19.6%