---
schema_version: "secwatch.filing_event.v1"
accession: "0000877212-23-000053"
form_type: "8-K"
ticker: "ZBRA"
cik: "0000877212"
company_name: "ZEBRA TECHNOLOGIES CORP"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:21:57.022305+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zebra Tech Q1 sales down 1.9%, EPS $2.90; guides Q2 sales down 9-11% YoY

## Summary
- Net sales $1,405M (-1.9% YoY); GAAP EPS $2.90 (-24.3%); non-GAAP EPS $3.94 (-1.7% YoY).
- EVM segment organic sales down 11.2% YoY; AIT segment organic sales up 28.4% YoY.
- Adjusted EBITDA $301M (+5.6% YoY), margin 21.4% vs 19.9% prior year.
- Q2 guidance: net sales down 9-11% YoY, non-GAAP EPS $3.20-$3.40.
- Full-year outlook: net sales down 2-6% YoY; free cash flow $450-550M incl. $180M settlements.

## SEC filing metadata
- accession: 0000877212-23-000053
- form_type: 8-K
- ticker: ZBRA
- cik: 0000877212
- company_name: ZEBRA TECHNOLOGIES CORP
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/877212/000087721223000053/0000877212-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/877212/000087721223000053/zbra-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000877212-23-000053
- JSON: https://secwatch.observer/filing/0000877212-23-000053.json
- Plain text: https://secwatch.observer/filing/0000877212-23-000053.txt

## Key facts
- Earnings Releases
  ZEBRA TECHNOLOGIES CORP reported first quarter ended April 1, 2023 results: revenue $1,405 million, net income $150 million, EPS $2.90. Guidance lowered.
  - Period: first quarter ended April 1, 2023
  - Revenue: $1,405 million
  - Net income: $150 million
  - EPS: $2.90
  - Guidance: lowered
  - Result: reported results
  source text: First-Quarter Financial Highlights • Net sales of $1,405 million; year-over-year decrease of 1.9% • Net income of $150 million and net income per diluted share of $2.90
  evidence_url: https://www.sec.gov/Archives/edgar/data/877212/000087721223000053/0000877212-23-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.