Zebra Tech Beats Q2 Estimates, Raises Full-Year Outlook on Automation Demand
ZBRA sits 52% above its 52-week low of $199.05.
Summary
Zebra Technologies delivered a strong Q2 beat with revenue of $1.56B (vs. $1.50B consensus) and adjusted EPS of $6.35 (vs. $4.36 estimate), driven by sustained demand for warehouse and supply-chain automation products. Management raised full-year sales growth guidance to 14%-16% from 10%-14% and adjusted EPS to $20.75-$21.25 from $18.30-$18.70, while also projecting over $1B in free cash flow. The premarket 10% jump reflects the magnitude of the beat and the bullish outlook. The company continues to benefit from trends in automation and Physical AI, with strong demand momentum and improving memory supply. Zebra filed an 8-K regarding its operations and financial condition.
At the time of this announcement, ZBRA was trading at $302.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.9B. The 52-week trading range was $199.05 to $350.64. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.