Zebra Technologies (ZBRA) Gross Margin (2009 - 2026)

Zebra Technologies (ZBRA) reported Gross Margin of 49.63% for Q2 2026, up 32.0% on a YoY basis from 37.6% in Q2 2025, and up 4.88% quarter-over-quarter from 47.32% in Q4 2025.

Zebra Technologies (ZBRA) Gross Margin (2009 - 2026) Analysis & Trends

Zebra Technologies has reported Gross Margin for 18 years, with the latest figure at 49.63% in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin rose 32.0% year-over-year to 49.63%; the trailing twelve-month figure through Apr 2026 stood at 48.18% (down 61.0% YoY), and the FY2025 full-year result was 48.05%, down 39.0% from the prior year.
  • Gross Margin for Q2 2026 stood at 49.63%, up from 47.32% in the prior quarter.
  • The five-year high for Gross Margin was 49.63% in Q2 2026, with the low at 44.4% in Q4 2023.
  • Historically, Gross Margin has averaged 47.15% across 5 years, with a median of 47.64% in 2025.
  • Annual changes were most pronounced in 2022 — Gross Margin plunged 414 bps — and 2024, when it jumped 418 bps.
  • Zebra Technologies' Gross Margin stood at 45.58% in 2022, then fell by 3 bps to 44.4% in 2023, then gained by 9 bps to 48.58% in 2024, then declined by 3 bps to 47.32% in 2025, then rose by 5 bps to 49.63% in 2026.
  • The last three Gross Margin figures came in at 49.63% (Q2 2026), 47.32% (Q4 2025), and 48.03% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 63.63%
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 43.83%
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 50.18%
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 88.72%
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 44.16%
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 47.03%
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn -470.73%
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn 29.06%
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 49.63%
10 Viavi Solutions 10.76 Bn 10.75 Bn 234.10 Mn 57.55%

Historic Data

Download Data
DateValue
Apr 4, 2026 49.63%
Dec 31, 2025 47.32%
Sep 27, 2025 48.03%
Jun 28, 2025 47.64%
Mar 29, 2025 49.31%
Dec 31, 2024 48.58%
Sep 28, 2024 48.84%
Jun 29, 2024 48.40%
Mar 30, 2024 47.91%
Dec 31, 2023 44.40%
Sep 30, 2023 44.67%
Jul 1, 2023 47.86%
Apr 1, 2023 47.47%
Dec 31, 2022 45.58%
Oct 1, 2022 45.57%
Jul 2, 2022 45.91%
Apr 2, 2022 44.48%
Dec 31, 2021 45.60%
Oct 2, 2021 44.99%
Jul 3, 2021 47.79%