Zebra Technologies (ZBRA) Research & Development (2009 - 2026)
Zebra Technologies' Research & Development came in at $159 million for Q2 2026, up 10.4% from $144 million a year earlier but down 3.6% from the prior quarter.
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Analysis
Zebra Technologies (ZBRA) Research & Development (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 4, 2026, Zebra Technologies reported Research & Development of $622 million, up 8.4% year-over-year; for FY2025, it was $593 million, up 5.3% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 5.5% (FY2020 to FY2025).
- Going back by year, Research & Development was $563 million in FY2024 (+8.5%), $519 million in FY2023 (-8.9%), $570 million in FY2022 (+0.5%) and $567 million in FY2021 (+25.2%).
- The five-year range for quarterly Research & Development is $116 million (Q4 2023) to $165 million (Q1 2026).
- Year-over-year, Research & Development has increased for four consecutive quarters, with growth averaging 8.9% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q3 2021 (growth of 24.8%), and the weakest in Q4 2023 (a decline of 18.3%).
- Business Quant data shows ZBRA's Research & Development at $165 million (Q1 2026), $152 million (Q4 2025) and $146 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,943.67 Bn | 4,691.16 Bn | 54.77 Bn | 11.73 Bn |
| 2 | Cisco Systems | 421.20 Bn | 357.13 Bn | 11.06 Bn | 2.43 Bn |
| 3 | Dell Technologies | 347.85 Bn | 303.60 Bn | 9.83 Bn | 1.11 Bn |
| 4 | Arista Networks | 258.42 Bn | 211.87 Bn | 1.91 Bn | 348.20 Mn |
| 5 | Sandisk | 250.08 Bn | 238.60 Bn | 7.58 Bn | 348.00 Mn |
| 6 | Seagate Technology Holdings | 208.99 Bn | 203.98 Bn | 1.90 Bn | 188.00 Mn |
| 7 | Western Digital | 163.62 Bn | 151.74 Bn | 2.03 Bn | 284.00 Mn |
| 8 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | - |
| 9 | Hewlett Packard Enterprise | 83.23 Bn | 61.11 Bn | 4.93 Bn | 1.16 Bn |
| 10 | Zebra Technologies | 17.59 Bn | 16.14 Bn | 825.00 Mn | 159.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 159.00 Mn |
| Apr 4, 2026 | 165.00 Mn |
| Dec 31, 2025 | 152.00 Mn |
| Sep 27, 2025 | 146.00 Mn |
| Jun 28, 2025 | 144.00 Mn |
| Mar 29, 2025 | 151.00 Mn |
| Dec 31, 2024 | 138.00 Mn |
| Sep 28, 2024 | 141.00 Mn |
| Jun 29, 2024 | 146.00 Mn |
| Mar 30, 2024 | 138.00 Mn |
| Dec 31, 2023 | 116.00 Mn |
| Sep 30, 2023 | 127.00 Mn |
| Jul 1, 2023 | 130.00 Mn |
| Apr 1, 2023 | 146.00 Mn |
| Dec 31, 2022 | 142.00 Mn |
| Oct 1, 2022 | 143.00 Mn |
| Jul 2, 2022 | 148.00 Mn |
| Apr 2, 2022 | 137.00 Mn |
| Dec 31, 2021 | 145.00 Mn |
| Oct 2, 2021 | 141.00 Mn |
API Access
Zebra Technologies Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=ZBRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "ZBRA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=ZBRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();