---
schema_version: "secwatch.filing_event.v1"
accession: "0000877212-23-000123"
form_type: "8-K"
ticker: "ZBRA"
cik: "0000877212"
company_name: "ZEBRA TECHNOLOGIES CORP"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T21:01:55.846850+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Zebra Q2: revenue $1.214B (-17.3%), non-GAAP EPS $3.29; Q3 guide: sales -30-35%, EPS $0.60-1.00

## Summary
- Net sales $1,214M (-17.3% YoY). GAAP net income $144M ($2.78/diluted share). Non-GAAP EPS $3.29, down from $4.61.
- EVM segment sales $755M (-24.6% YoY); AIT segment $459M (-1.7% YoY). Organic net sales decline 16.0%.
- Gross margin 47.9% (+200 bps YoY) due to lower premium supply chain costs and favorable mix.
- Expanded cost initiatives: incremental $65M annual savings ($85M total). Restructuring charges ~$105M, up from $25M.
- Q3 outlook: sales -30% to -35% YoY, adj. EBITDA margin 10%-12%, non-GAAP EPS $0.60-$1.00. FY23 sales -20% to -23%.

## SEC filing metadata
- accession: 0000877212-23-000123
- form_type: 8-K
- ticker: ZBRA
- cik: 0000877212
- company_name: ZEBRA TECHNOLOGIES CORP
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/877212/000087721223000123/0000877212-23-000123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/877212/000087721223000123/zbra-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000877212-23-000123
- JSON: https://secwatch.observer/filing/0000877212-23-000123.json
- Plain text: https://secwatch.observer/filing/0000877212-23-000123.txt

## Key facts
- Earnings Releases
  ZEBRA TECHNOLOGIES CORP reported second quarter ended July 1, 2023 results: revenue $1,214 million, net income $144 million, EPS $2.78 per diluted share. Guidance lowered.
  - Period: second quarter ended July 1, 2023
  - Revenue: $1,214 million
  - Net income: $144 million
  - EPS: $2.78 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Point Lincolnshire, IL 60069 USA +1 847 634 6700 www.zebra.com Zebra Technologies Announces Second-Quarter 2023 Results Second-Quarter Financial Highlights • Net sales of $1,214 million; year-over-year decrease of 17.3% • Net income of $144 million and net income per diluted share of $2.78 • Non-GAAP diluted EPS decreased year-over-year to $3.29 • Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/877212/000087721223000123/0000877212-23-000123-index.htm

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