(Corrects May 12 story to remove reference to autonomous robots in first bullet) May 12 (Reuters) – Zebra Technologies on Tuesday raised its annual sales growth forecast, betting on robust demand for its products that help automate manufacturing workflows, sending its shares 15% higher in early trading. The company has benefited as warehouses, retailers and […]
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Zebra Technologies lifts annual sales forecast on strong automation demand (May 12)
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(Corrects May 12 story to remove reference to autonomous robots in first bullet)
May 12 (Reuters) – Zebra Technologies on Tuesday raised its annual sales growth forecast, betting on robust demand for its products that help automate manufacturing workflows, sending its shares 15% higher in early trading.
The company has benefited as warehouses, retailers and logistics firms increase automation to manage supply chains and monitor operations more closely.
• Zebra’s products include enterprise software and hardware such as barcode scanners, RFID readers and industrial printers.
• The company now expects sales growth between 10% and 14% in 2026, compared with its previous forecast of 9% to 13%.
• The Lincolnshire, Illinois-based company also expects second-quarter sales growth between 14% and 17%, compared with analysts’ average estimate of 13.7%, according to data compiled by LSEG.
• Adjusted profit is expected to be between $4.20 per share and $4.50 per share for the second quarter, above estimates of $4.14 per share.
• “As e-commerce, automation and Physical AI trends accelerate, we are well positioned to drive profitable growth,” CEO Bill Burns said.
• Zebra posted net sales of $1.50 billion for the quarter ended April 4, beating estimates of $1.48 billion. Adjusted profit came in at $4.75 per share, compared with estimates of $4.25 per share.
(Reporting by Arunesh Sinha and Anhata Rooprai in Bengaluru; Editing by Sahal Muhammed)