Zebra Technologies (ZBRA) Research & Development (2009 - 2026)
Zebra Technologies' (ZBRA) quarterly Research & Development came in at $184.0 million in Q3 2026, up 16.46% on a YoY basis from $158.0 million in Q3 2025, and down 2.65% quarter-over-quarter from $189.0 million in Q2 2026.
Analysis
Zebra Technologies (ZBRA) Research & Development (2009 - 2026) Analysis & Trends
Zebra Technologies (ZBRA) has reported Research & Development for 18 consecutive years, with $184.0 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Research & Development rose 16.46% year-over-year to $184.0 million; the trailing twelve-month figure through Jul 2026 stood at $707.0 million (up 13.85% YoY), and the FY2025 full-year result was $653.0 million, up 8.83% from the prior year.
- Research & Development fell to $184.0 million in Q3 2026 per ZBRA's latest filing, from $189.0 million in the prior quarter.
- Across five years, Research & Development topped out at $189.0 million in Q2 2026 and bottomed at $136.0 million in Q4 2023.
- Historically, Research & Development has averaged $156.3 million across 5 years, with a median of $151.5 million in 2022.
- The sharpest annual moves came in 2023 and 2026: Research & Development fell 12.26% in 2023, then grew 17.39% in 2026.
- Over 5 years, Research & Development stood at $155.0 million in 2022, then fell by 12.26% to $136.0 million in 2023, then grew by 11.03% to $151.0 million in 2024, then rose by 15.89% to $175.0 million in 2025, then rose by 5.14% to $184.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $184.0 million, $189.0 million, and $175.0 million for Q3 2026, Q2 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Lumentum Holdings | 78.08 Bn | 75.34 Bn | 477.30 Mn | 104.40 Mn |
| 2 | Coherent | 55.21 Bn | 53.56 Bn | 787.08 Mn | 216.38 Mn |
| 3 | Zebra Technologies | 17.16 Bn | 17.00 Bn | 825.00 Mn | 184.00 Mn |
| 4 | Littelfuse | 10.64 Bn | 10.02 Bn | 306.06 Mn | 31.04 Mn |
| 5 | Vishay Intertechnology | 4.49 Bn | 3.19 Bn | 207.38 Mn | - |
| 6 | LG Display | 3.31 Bn | 3.14 Bn | 509.35 Mn | -220.25 Mn |
| 7 | Knowles | 3.03 Bn | 2.98 Bn | 74.60 Mn | 10.60 Mn |
| 8 | Hesai | 2.95 Bn | 1.97 Bn | 50.88 Mn | 34.07 Mn |
| 9 | Ouster | 2.50 Bn | 2.23 Bn | 26.69 Mn | 19.34 Mn |
| 10 | Bel Fuse | 2.49 Bn | 2.29 Bn | 83.97 Mn | 9.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 184.00 Mn |
| Apr 4, 2026 | 189.00 Mn |
| Dec 31, 2025 | 175.00 Mn |
| Sep 27, 2025 | 159.00 Mn |
| Jun 28, 2025 | 158.00 Mn |
| Mar 29, 2025 | 161.00 Mn |
| Dec 31, 2024 | 151.00 Mn |
| Sep 28, 2024 | 151.00 Mn |
| Jun 29, 2024 | 150.00 Mn |
| Mar 30, 2024 | 148.00 Mn |
| Dec 31, 2023 | 136.00 Mn |
| Sep 30, 2023 | 138.00 Mn |
| Jul 1, 2023 | 146.00 Mn |
| Apr 1, 2023 | 161.00 Mn |
| Dec 31, 2022 | 155.00 Mn |
| Oct 1, 2022 | 149.00 Mn |
| Jul 2, 2022 | 151.00 Mn |
| Apr 2, 2022 | 152.00 Mn |
| Dec 31, 2021 | 157.00 Mn |
| Oct 2, 2021 | 148.00 Mn |