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- Debt Refinancing Risk (worsened) — Short-term debt obligations ballooned to $2.28B with maturity in May 2027, and the company intends to refinance in H2 2026 amid higher leverage.
- Cash Depletion (worsened) — Cash and equivalents fell from $872M to $157M, reducing liquidity buffer ahead of refinancing.
Zebra Technologies Q2 profit more than doubles on $73M tariff refund, revenue up 20.4%
Filed August 4, 2026 · Period ending July 4, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read
Key Changes
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Net income surged 108% to $233M, or $4.85 per share, driven by a $73M tariff refund benefit and strong operational growth.
MD&A: Results verify on EDGAR → -
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Revenue rose 20.4% to $1.56B, with gross margin expanding 540 basis points to 53% on tariff recoveries and favorable FX.
MD&A: Revenue & Margin verify on EDGAR → -
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Operating income jumped 75% to $321M, reflecting higher sales and the one-time tariff benefit.
MD&A: Operating Income verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 3, 2026 · How we verify