Zebra Technologies Corporation (ZBRA) earnings on August 4, 2026

Before the market opens Q2 2026

More Zebra Technologies Corporation earnings

Prior outlook: Optimistic Outcome: Accurate

The stock jumped dramatically, reaching an intraday high of 26.80% and closing at 26.47%. A strong upside breakout confirmed the positive trend from past earnings reports.

ZBRA price around the earnings

368.83

Change: +26.5%

2026-08-04, 20:00 UTC

End of the measured window
291.64 317.68 343.72 369.76 291.64
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 4, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Accurate

Thesis published
Results released

Optimistic but near resistance, gains may slow

The setup is optimistic because the stock has strong trend strength and a history of beating earnings, which outweighed the more cautious market sentiment. However, the stock is near a resistance level after a big run-up, which could limit further gains.

Context analyzed before publication

Summary
Optimistic but near resistance, gains may slow
Playbook
The stock has risen significantly and is now close to a resistance level, with elevated expected price volatility. Analyst opinions are mixed, but the overall trend strength remains positive.
Trend
Analyst outlook improving over the week

Analysts

Drivers

  • Analysts Neutral

    Mixed analyst sentiment with a buy consensus but some maintaining Neutral/Hold ratings despite raised price targets.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.76
Analysts covering the stock
16
Average price target
332.44
Lowest price target
292.02
Highest price target
400
Upside to price target
14%
Quarterly earnings growth
-0.7%
Revenue growth
14.3%
Forward EPS
20.71
Trailing EPS
8.29
Analyst moves in the last 60 days
3
  • Strong buy: 3
  • Buy: 9
  • Hold: 5
  • Sell: 0
  • Strong sell: 0
Strong buy
3
Buy
9
Hold
5
Sell
0
Strong sell
0
  • July 13, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
  • July 2, 2026 · Truist Securities: Maintains rating (Hold → Hold)
  • June 23, 2026 · Barclays: Maintains rating (Overweight → Overweight)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (1)

Technicals

Drivers

  • Technical Negative

    The stock is near resistance ($293.03) after a significant run-up, potentially limiting immediate upside.

Evidence

Price when the context was analyzed
291.77
Average true range (ATR)
3.5%
Distance to 52-week high
-13.9%
14-day change (14d)
+10.2%
30-day change (32d)
+9.2%
30-day relative strength
+7.4%
SPY change (32d)
+1.7%
Nearest support
288.62
Distance to nearest support
1.1%
Nearest resistance
293.03
Distance to nearest resistance
0.4%
Volume accumulation ratio (14d / 46d)
0.86
  • Major: 288.62 (1.1% away, 0.31 ATR, 28 touches)
  • Minor: 285.49 (2.2% away, 0.61 ATR, 5 touches)
  • Mid: 282.78 (3.1% away, 0.88 ATR, 17 touches)
  • Mid: 293.03 (0.4% away, 0.12 ATR, 21 touches)
  • Major: 295.84 (1.4% away, 0.4 ATR, 41 touches)
  • Major: 300.29 (2.9% away, 0.83 ATR, 30 touches)

Trends

Evidence

Average earnings surprise
+5.9%
  • May 12, 2026: actual EPS 4.75 vs estimate 4.25 (surprise +11.9%)
  • 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%)

Expected move

Drivers

  • Past earnings Positive

    Strong beat rate (75%) and positive average surprise (+5.9%) indicate consistent earnings performance.

Implied move
+3.9%
Source
Options chain

Reactions over its last 20 earnings

Median move
8.1%
75th percentile move
11.5%
90th percentile move
12.5%
Up / down moves
9 / 11
Average up move
+6.8%
Average down move
-8.8%

Monitoring and close

What Zebra Technologies Corporation reported

Status
Finished
Actual EPS6.35
EPS estimate4.36
EPS surprise+45.6%
Revenue$1,557 million
Revenue estimate$1,497 million
Revenue surprise+4.0%

Zebra Technologies reported record second-quarter results with sales growth and stronger profitability. The company raised its annual outlook, though chip shortage caps optimism.

Sources (15)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +13.0% pre-market, a move above the stock's usual reaction (about 8%). The figures confirm the optimistic scenario. In the 1,059 similar cases in our market history, the close held that direction 96% of the time.

How the stock reacted

Outcome
Accurate
Consolidated
+26.5%
Max favorable move (MFE)
26.8%
Max adverse move (MAE)
0%