Zebra Technologies (ZBRA) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $6.35
- Estimate
- $4.38
- Surprise
- +45.1%
- Revenue (period 2026-07-04)
- $1.56B
- Score at report (before → after)
- 5.8 → 5.8/10
Revenue source: xbrl.
How the report landed
Zebra Technologies (ZBRA) beat the $4.38 estimate with adjusted EPS of $6.35 — a large 45.1% upside surprise. TrendMatrix's engine moved from Hold (5.8/10) to Buy (Wait) at 5.8/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates ZBRA Hold at 6.2/10.
3 of the last 4 quarters beat the estimate; this quarter's +45.1% surprise compares with a +15.1% four-quarter average. Next scheduled report: 2026-11-03.
What supports the rating
- Strong earnings beat streak (3/4)
- Positive news sentiment (+0.67)
What argues against it
- Analyst target reached - limited upside remaining
- Near 52-week high (-0.4% away)
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $387.94
- Price target
- $446.13
- Stop
- $367.68
- Upside to target
- +15.0%
The stock trades at 34.4× trailing but 16.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 85 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-06 — shown for context, not personalized investment advice.
ZBRA at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Communication Equipment
- Market cap
- $17.89B
- P/E (fwd)
- 16.9
- P/E (ttm)
- 34.4
- 52-week range
- $199.05–$386.23
- Off 52-week high
- -0.4%
- RSI (14)
- 85
- Volume vs avg
- 0.79×
- Score today
- 6.2/10