Strong Q3 Results and Governance Changes Could Be a Game Changer for Zebra Technologies (ZBRA)

• Zebra Technologies Corporation reported third quarter 2025 results, highlighting revenue growth to US$1.32 billion alongside the adoption of amended company by-laws requiring majority voting for uncontested director elections and the completion of a significant share repurchase program.
• The company issued strong forward guidance for fourth quarter sales, reflecting positive impacts from recent acquisitions and foreign currency movements, while also addressing evolving corporate governance standards.
• We'll explore how the company's robust sales outlook and revised by-laws could influence Zebra Technologies' long-term investment narrative.

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Zebra Technologies Investment Narrative Recap

To believe in Zebra Technologies as an investment is to have confidence that long-term demand for automation and supply chain optimization will drive both sustained revenue growth and an improving business mix. The recent adoption of majority voting in uncontested director elections and the completion of a major share repurchase do not materially alter the short-term catalyst of sales momentum, largely dependent on successful integration of recent acquisitions and ongoing customer demand; the biggest risk remains Zebra's high reliance on hardware sales versus slower-growing software and services.

Among the latest company actions, the Q3 report's strong forward sales guidance stands out. Expected fourth-quarter sales growth of 8% to 11%, with significant contribution from acquisitions and foreign currency gains, positions Zebra to capitalize on automation trends, but also underscores how future results may hinge on integration success and sustained demand. Despite these efforts, investors should be aware that even with bullish revenue guidance, the slower pace of SaaS transition continues to...

Read the full narrative on Zebra Technologies (it's free!)

Zebra Technologies is projected to reach $6.2 billion in revenue and $855.4 million in earnings by 2028. This outlook is based on a 6.0% annual revenue growth rate and a $307.4 million increase in earnings from the current $548.0 million level.

Uncover how Zebra Technologies' forecasts yield a $358.47 fair value, a 38% upside to its current price.

Exploring Other Perspectives

Five members of the Simply Wall St Community have valued Zebra Technologies between US$228 and US$410 per share, reflecting wide differences in individual investor outlooks. While some see strong opportunity in the company’s automation focus, the sustained risk of slower recurring revenue growth could influence returns going forward; review these viewpoints to see how they might reshape your perspective.

Explore 5 other fair value estimates on Zebra Technologies - why the stock might be worth 12% less than the current price!

Build Your Own Zebra Technologies Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Zebra Technologies research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free Zebra Technologies research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Zebra Technologies' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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