Zebra Technologies Q4 Sales Rise 10.6%; Board Greenlights Additional $1B Buyback
Zebra Technologies posted Q4 sales of $1,475 million, a 10.6% increase, non-GAAP EPS of $4.33 (up 8.3%), and adjusted EBITDA of $326 million (up 10.5%), while net income slid to $70 million. The board approved an additional $1 billion share repurchase authorization, after $303 million repurchased under its prior $500 million program.
1. Fourth-Quarter Financial Highlights
Zebra Technologies delivered net sales of $1,475 million in Q4, up 10.6% year-over-year, driven by 3.6% growth in Connected Frontline and 1.3% in Asset Visibility & Automation. Adjusted EBITDA rose 10.5% to $326 million and non-GAAP EPS increased 8.3% to $4.33, while net income declined to $70 million.
2. Share Repurchase Program Expansion
The company repurchased $303 million of shares toward its $500 million commitment in the fourth quarter and the board approved an additional $1 billion share repurchase authorization that extends buyback capacity through 2026.
3. Strategic Positioning and Outlook
Management pointed to a healthy backlog, momentum from the Elo Touch acquisition and a sharpened focus on high-growth markets as drivers for 2026, targeting automation solutions to deliver long-term shareholder value.