Zebra Technologies Reports Record Third-Quarter Sales and Raises Full-Year Revenue Guidance
Zebra Technologies (ZBRA) reported strong third-quarter results, with sales exceeding $1.6 billion, representing an 11% organic year-over-year increase. To combat a projected $145 million headwind from rising memory chip costs, the company implemented a 15% price increase on mobile computing products in October. Management expects these pricing actions to fully mitigate component cost increases heading into 2027. Growth is being driven by increased demand for on-device artificial intelligence (AI) capabilities, which allows frontline workers in retail and logistics to process data locally rather than via the cloud. Additionally, the company is leveraging its acquisition of Elo Touch to expand its footprint in self-service checkout and point-of-sale markets. Zebra has also raised its full-year revenue growth guidance to 17%.
Tickers: $ZBRA
Topics: AI demand earnings report price increases revenue growth supply chain costs