Zebra Technologies said net sales for Q1 2025 (ended March 29) were $1,308 million, up 11.3% from $1,175 million a year earlier, and net income was $136 million ($2.62 per diluted share).

1. 01

   Zebra Technologies said net sales for Q1 2025 (ended March 29) were $1,308 million, up 11.3% from $1,175 million a year earlier, and net income was $136 million ($2.62 per diluted share).

2. 02

   The company said gross margin for Q1 2025 was 49.3%, compared with 47.9% a year earlier, and Adjusted EBITDA was $292 million (22.3% of adjusted net sales), compared with $234 million (19.9%) a year earlier.

3. 03

   The company said that for the first 3 months of 2025, free cash flow was $158 million, calculated as net cash provided by operating activities of $178 million less capital expenditures of $20 million. It also said it made share repurchases of $125 million and acquired Photoneo for $62 million.

4. 04

   The company said it is maintaining its full-year sales growth outlook of 3% to 7%. It expects full-year Adjusted EBITDA margin of 20% to 21%, which includes approximately $70 million of U.S. import tariff expense, and full-year free cash flow of more than $700 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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