Zebra Technologies Q1 sales up 11.3% to $1.31 billion; tariff costs trim margin outlook
Zebra Technologies reported first-quarter 2025 net sales of $1,308 million, up 11.3% from a year earlier, and net income per diluted share of $2.62 versus $2.23. The company kept its full-year sales growth outlook of 3% to 7% but now expects a full-year adjusted EBITDA margin of 20% to 21%, which includes about $70 million of U.S. import tariff expense, net of mitigating actions.
Key points
- Net sales $1,308 million vs $1,175 million a year earlier; organic net sales growth 11.9%
- GAAP diluted EPS $2.62 vs $2.23; non-GAAP diluted EPS $4.02 vs $2.84
- Full-year 2025 non-GAAP diluted EPS expected at $13.75 to $14.75; free cash flow now expected above $700 million
- Q1 share repurchases of $125 million and Photoneo acquisition for $62 million
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.