Zebra Technologies Corp. FY22 net sales growth of 6.6 percent year-on-year to $1.47 billion, beating the consensus of $1.44 billion. Consolidated organic net sales for the quarter increased by 6.9 percent.
MarginsThe non-GAAP gross margin contracted 200 bps to 46 percent due to higher premium supply chain costs and China import tariff recoveries.
The non-GAAP EBITDA margin contracted 170 bps to 21.9 percent.
Non-GAAP EPS of $4.61 beat the consensus of $4.21.
Zebra held $98 million in cash and equivalents.
OutlookZebra's Q3 net sales guidance of $1.465 billion -$1.493 billion was below the consensus of $1.51 billion.
The non-GAAP EPS of $4.35 - $4.65 was below the consensus of $5.08.
Zebra's FY22 net sales outlook of $5.86 billion - $5.97 billion compared to the consensus of $5.94 billion.