NASDAQ$ZBRA
Zebra Technologies Corp. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Announced second-quarter results, exceeding guidance ranges due to strong execution and cost discipline.
Zebra Technologies reported a slight increase in net sales and maintained profitability through cost discipline and improved gross margin. The company's EVM segment drove growth, while AIT segment sales declined. Increased full year outlook reflecting Q2 performance and early signs of momentum in demand led by mobile computing, balanced with continued cautious customer spending behavior.
- Net sales increased by 0.2% year-over-year to $1,217 million.
- Net income decreased by 21.5% year-over-year to $113 million, with diluted EPS at $2.17.
- Adjusted EBITDA decreased to $250 million, with a margin of 20.5%.
- The company is on track with $120 million annualized net expense savings from Exit and Restructuring plans.
Headline financials
Revenue & EPS history
Zebra · Revenue · Quarterly
$1.22B
Revenue by segment
Zebra · $956M total across 2 segments · Q3 2023
- Connected Frontline (CF)$632M-34.4%66.1%
- Asset Visibility & Automation$324M-21.9%33.9%
Forward guidance
The Company expects net sales to increase between 25% and 28% compared to the prior year. Adjusted EBITDA margin is expected to be between 20% and 21%. Non-GAAP diluted earnings per share are expected to be in the range of $3.00 to $3.30.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
+0.3%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+2.4%
Avg return
30 days after
53%
36 / 68 earnings
Positive
+17.9%
Q4 2017
Best reaction
-21.7%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | +19.7% | +0.5% | |
| Q4 2025 | +8.6% | +3.3% | -19.7% | |
| Q3 2025 | -11.7% | -13.3% | -19.3% | |
| Q1 2025 | +5.2% | +5.1% | +20.1% | |
| Q4 2024 | -8.4% | -6.2% | -21.0% | |
| Q3 2024 | +5.6% | +5.8% | +11.6% | |
| Q2 2024 | +4.8% | -3.8% | +2.1% | |
| Q1 2024 | +3.0% | +3.2% | +5.5% | |
| Q4 2023 | +8.9% | +7.5% | +13.0% | |
| Q3 2023 | -5.6% | +2.2% | +13.0% | |
| Q2 2023 | -21.7% | -18.4% | -10.7% | |
| Q1 2023 | -10.1% | -4.7% | -7.4% | |
| Q4 2022 | -1.4% | -6.1% | -11.7% | |
| Q3 2022 | -16.7% | -18.6% | -5.1% | |
| Q2 2022 | -8.9% | -7.5% | -13.6% | |
| Q1 2022 | -3.1% | -9.7% | -8.6% | |
| Q4 2021 | -12.7% | -14.0% | -23.7% | |
| Q3 2021 | +6.6% | +12.0% | +10.0% | |
| Q2 2021 | +1.6% | +2.1% | +6.8% | |
| Q1 2021 | +0.7% | +2.0% | +5.6% | |
| Q4 2020 | +11.8% | +13.7% | +10.6% | |
| Q3 2020 | +12.3% | +18.2% | +27.1% | |
| Q2 2020 | +0.2% | +2.7% | +1.4% | |
| Q1 2020 | +10.9% | +2.1% | +16.5% | |
| Q4 2019 | -5.2% | -6.1% | -27.0% | |
| Q3 2019 | +7.2% | +6.8% | +14.5% | |
| Q2 2019 | +11.3% | +5.0% | +10.1% | |
| Q1 2019 | -9.6% | -9.0% | -25.2% | |
| Q4 2018 | +8.6% | +8.3% | +14.9% | |
| Q3 2018 | +7.3% | +8.0% | +2.7% | |
| Q2 2018 | +10.7% | +13.4% | +17.5% | |
| Q1 2018 | +8.8% | +13.2% | +15.0% | |
| Q4 2017 | +17.9% | +16.6% | +13.3% | |
| Q3 2017 | -7.9% | -9.8% | -7.0% | |
| Q2 2017 | +6.8% | +6.4% | +3.6% | |
| Q1 2017 | +2.3% | +3.1% | +11.7% | |
| Q4 2016 | +8.4% | +5.8% | +1.2% | |
| Q3 2016 | +9.2% | +12.3% | +27.5% | |
| Q2 2016 | +11.8% | +15.1% | +17.6% | |
| Q1 2016 | -17.8% | — | — | |
| Q4 2015 | -15.0% | — | — | |
| Q3 2015 | -9.3% | — | — | |
| Q2 2015 | -20.4% | — | — | |
| Q1 2015 | +15.5% | — | — | |
| Q4 2014 | -3.5% | — | — | |
| Q3 2014 | -1.1% | — | — | |
| Q2 2014 | -8.1% | — | — | |
| Q1 2014 | +3.5% | — | — | |
| Q4 2013 | +15.3% | — | — | |
| Q3 2013 | +6.3% | — | — | |
| Q2 2013 | -1.3% | — | — | |
| Q1 2013 | +0.3% | — | — | |
| Q4 2012 | +3.5% | — | — | |
| Q3 2012 | +3.5% | — | — | |
| Q2 2012 | -2.0% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q4 2011 | +1.9% | — | — | |
| Q3 2011 | -1.5% | — | — | |
| Q2 2011 | -11.6% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q4 2010 | -1.0% | — | — | |
| Q1 2011 | +0.1% | — | — | |
| Q4 2008 | -0.3% | — | — | |
| Q3 2010 | -1.1% | — | — | |
| Q3 2009 | -1.1% | — | — | |
| Q2 2009 | -0.0% | — | — | |
| Q2 2010 | -0.0% | — | — | |
| Q4 2009 | -0.0% | — | — |
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