Zebra Technologies Lifts 2026 Outlook and Launches $1 Billion Buyback as Shares Surge 17%
Management cites robust device demand alongside momentum from the Elo Touch acquisition as the reason for the stronger guidance.
Overview
- Zebra now targets 2026 sales growth of 9% to 13%, with the midpoint topping the 9.8% consensus tracked by LSEG.
- Adjusted earnings per share are forecast at $17.70 to $18.30, above analyst expectations of $17.47.
- The company authorized a $1 billion share repurchase program.
- Shares jumped more than 17% following the guidance update and capital return plan.
- Leaders point to a healthy backlog, pipeline strength, and Elo Touch integration progress, and they expect first-quarter sales and profit to beat estimates.