Zebra Technologies Corporation stock research
FY2023 Q3
Zebra Technologies (ZBRA) Gross Margin — Quarter Ended Sep 30, 2023
In the current quarter, revenue and gross profit were lower than both the preceding quarter and the same quarter one year earlier. The gross margin weakened compared to both periods.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
In the current quarter, revenue and gross profit were lower than both the preceding quarter and the same quarter one year earlier. The gross margin weakened compared to both periods.
- The decline in gross margin was driven by revenue decreasing more than the corresponding reduction in cost of revenue relative to the prior quarter and the year-ago quarter.
- Compared to the preceding quarter, revenue and gross profit were lower, and gross margin weakened. Compared to the same quarter one year earlier, revenue and gross profit were also lower, with gross margin lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
44.7%
Gross profit
$427.0M
Revenue
$956.0M
Cost of revenue
$529.0M
Quarter-over-quarter change
-3.2 pts
Year-over-year change
-0.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Apr 1, 2023 | $1.4B | $667.0M | $738.0M | 47.5% |
| Jul 1, 2023 | $1.2B | $581.0M | $633.0M | 47.9% |
| Sep 30, 2023 | $956.0M | $427.0M | $529.0M | 44.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jul 1, 2023
-3.2 pts
Year-over-year change
Oct 1, 2022
-0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The decline in gross margin was driven by revenue decreasing more than the corresponding reduction in cost of revenue relative to the prior quarter and the year-ago quarter.
Compared to the preceding quarter, revenue and gross profit were lower, and gross margin weakened. Compared to the same quarter one year earlier, revenue and gross profit were also lower, with gross margin lower.
Monitor the relationship between cost of revenue and revenue trends in future quarters.