Zebra(US:ZBRA) Businesswire·2025-10-28 10:30Financial Performance - Zebra Technologies reported net sales of $1,320 million for the third quarter of 2025, representing a year-over-year increase of 5.2% from $1,255 million in the same quarter of 2024 [3][4] - Gross profit for the third quarter was $634 million, up from $613 million, but gross margin decreased to 48.0% from 48.8% due to approximately $6 million in U.S. import tariff expenses [5][3] - Net income for the third quarter was $101 million, or $1.97 per diluted share, down from $137 million, or $2.64 per diluted share, in the prior year [7][4] Segment Performance - In the Enterprise Visibility & Mobility (EVM) segment, net sales were $865 million, an increase from $845 million year-over-year [3] - The Asset Intelligence & Tracking (AIT) segment saw net sales rise to $455 million from $410 million in the previous year, marking a 10.6% increase [3] Non-GAAP Measures - Non-GAAP net income increased to $198 million for the third quarter of 2025, or $3.88 per diluted share, compared to $181 million, or $3.49 per diluted share, in the prior year [7][4] - Adjusted EBITDA for the third quarter was $285 million, representing a 6.3% increase from $268 million in the prior year, with an adjusted EBITDA margin of 21.6% [8][4] Shareholder Returns - The company has committed to $500 million in share repurchases over the next twelve months, building on $284 million of share repurchases year-to-date [4][2] Outlook - For the fourth quarter of 2025, Zebra expects sales growth between 8% and 11% compared to the prior year, including a favorable impact from acquisitions and foreign currency translation [11][12] - Non-GAAP diluted earnings per share for the fourth quarter are anticipated to be in the range of $4.20 to $4.40 [12]