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| Date | Value |
|---|---|
| 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% |