Zebra Technologies Corporation (ZBRA) earnings on May 12, 2026

Before the market opens Q1 2026

More Zebra Technologies Corporation earnings

Prior outlook: Pessimistic Outcome: Missed

The stock soared over 19% during the day, closing with an 11.44% gain. This strong rise surprised many who had expected a price drop.

ZBRA price around the earnings

241.92

Change: +11.5%

2026-05-12, 23:56 UTC

Start of the measured window End of the measured window
216.96 230.94 244.91 258.89 216.96
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
May 12, 2026 May 12, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Missed

High analyst upside, but weak relative strength.

Pre-release: large analyst upside (+49.9%) conflicts with weak relative strength and crowded retail optimistic sentiment.

Context analyzed before publication

Summary
INCOMPLETE_DATA: consensus unavailable
Reasoning
INCOMPLETE_DATA: consensus unavailable

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.78
Analysts covering the stock
16
Average price target
325.31
Lowest price target
256
Highest price target
400
Upside to price target
49.9%
Quarterly earnings growth
-57.1%
Revenue growth
10.6%
Forward EPS
20.05
Trailing EPS
8.19
Analyst moves in the last 60 days
3
  • Strong buy: 4
  • Buy: 9
  • Hold: 5
  • Sell: 0
  • Strong sell: 0
Strong buy
4
Buy
9
Hold
5
Sell
0
Strong sell
0
  • April 20, 2026 · Truist Securities: Maintains rating (Hold → Hold)
  • April 13, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
  • March 30, 2026 · Baird: Maintains rating (Outperform → Outperform)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (5)
  • Zebra Ventures Invests In Apera AI; Terms Not Disclosed — Benzinga
  • Zebra Ventures Invests In Apera AI; Terms Undisclosed — Benzinga
  • Truist Securities Maintains Hold on Zebra Technologies, Lowers Price Target to $256 — Benzinga
  • 'Skild AI Acquires Zebra Technologies' Robotics Automation Business' - Bloomberg — Benzinga
  • Citigroup Maintains Neutral on Zebra Technologies, Lowers Price Target to $274 — Benzinga

Technicals

Evidence

Average true range (ATR)
3.3%
Distance to 52-week high
-38.5%
14-day change (14d)
-6.2%
30-day change
+8.8%
30-day relative strength
-7.8%
Benchmark change
+16.6%
Nearest support
199.18
Nearest resistance
243.53
Volume accumulation ratio
0.96

Trends

Evidence

Average earnings surprise
+5.6%
  • February 12, 2026: actual EPS 4.33 vs estimate 4.33 (surprise -0.1%)
  • October 28, 2025: actual EPS 3.88 vs estimate 3.75 (surprise +3.4%)
  • August 5, 2025: actual EPS 3.61 vs estimate 3.33 (surprise +8.4%)
  • April 29, 2025: actual EPS 4.02 vs estimate 3.63 (surprise +10.8%)

Expected move

There is no implied-move data available for this event.

Reactions over its last 19 earnings

Median move
7.9%
75th percentile move
11.4%
90th percentile move
12.9%
Up / down moves
8 / 11
Average up move
+6.3%
Average down move
-8.8%

Monitoring and close

What Zebra Technologies Corporation reported

There is no monitoring data available for this event.

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome
Missed
Consolidated
+11.4%
Max favorable move (MFE)
0%
Max adverse move (MAE)
19.2%