Zebra Technologies’ shares surged 11.4% following a solid quarter driven by better-than-expected sales growth, margin expansion, and an upbeat outlook supported by strong demand and operational execution.

• Reported sales of nearly $1.5 billion, up 14% year-over-year and 4% organically, signaling sustained demand across segments and geographies.
• Adjusted EBITDA margin expanded 90 basis points to 23.2%, reflecting a multiyear high gross margin and effective operating expense leverage.
• Non-GAAP diluted EPS increased 18% to $4.75, highlighting profitable growth.
• Strong cash flow generation enabled $500 million in share repurchases year-to-date, underscoring financial strength and capital return discipline.
• Management raised full-year guidance, citing momentum in demand and progress navigating supply constraints.