Zebra Q1 sales jump 14% to $1.5B; $500M buyback underway, $75M tariff refund pending

Filed May 12, 2026 · Period ending April 4, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 revenue reached $1.5B (+14% YoY) with operating income of $215M. Company executed $300M in share buybacks during the quarter and another $200M through filing date, totaling $500M returned to shareholders.

  MD&A: Q1 2026 Results & Capital Allocation verify on EDGAR →
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  Supreme Court invalidated 2025 import tariffs; Zebra paid ~$75M under these tariffs and plans to seek refunds. No recovery recognized yet, but if successful would represent material one-time cash inflow.

  MD&A: IEEPA Tariff Refund verify on EDGAR →
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  Connected Frontline segment sales rose 20.6% to $825M (3.8% organic growth), driven by Elo Touch acquisition and mobile computer demand. Gross margin expanded 40bps to 49.1% with operating income up 20.7%.

  MD&A: Connected Frontline Performance verify on EDGAR →