secwatch.observer — SEC 8-K summary
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Issuer:     ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK:        0000877212
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000877212-23-000123
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877212/000087721223000123/0000877212-23-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877212/000087721223000123/zbra-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000877212-23-000123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer