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
- Reported 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 diluted 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 Buy (Wait) at 6.6/10.
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 (+1.00)
What argues against it
- Thin upside margin: 8.2%
- Sector modifier (Technology): -0.8
- News modifier +2: HOLD_IF_HOLDING → STRONG_BUY_WAIT
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
- $341.00
- Entry target
- $330.06
- Price target
- $369.27
- Stop
- $307.54
- Upside to target
- +8.3%
- Reward-to-risk
- 1.3:1
The stock trades at 32.3× trailing but 15.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-17 — 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
- $16.21B
- P/E (fwd)
- 15.4
- P/E (ttm)
- 32.3
- 52-week range
- $199.05–$386.23
- Off 52-week high
- 11.7%
- RSI (14)
- 38
- Volume vs avg
- 0.95×
- Score today
- 6.6/10