Zebra Technologies Corporation stock research
FY2024 Q2
Zebra Technologies (ZBRA) Gross Margin — Quarter Ended Jun 29, 2024
Revenue was stable while gross profit rose and cost of revenue also increased, resulting in a higher gross margin. Compared with the prior quarter and the same quarter a year ago, gross margin improved from both periods.
Gross margin takeaway
Quarter ended Jun 29, 2024 · FY2024 Q2
Revenue was stable while gross profit rose and cost of revenue also increased, resulting in a higher gross margin. Compared with the prior quarter and the same quarter a year ago, gross margin improved from both periods.
- The strongest observable margin driver was the faster growth in gross profit relative to the increase in cost of revenue, which lifted the margin.
- Gross margin was higher than both the immediately preceding quarter and the same quarter one year earlier, as gross profit increased while revenue remained stable.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
48.4%
Gross profit
$589.0M
Revenue
$1.2B
Cost of revenue
$628.0M
Quarter-over-quarter change
+0.5 pts
Year-over-year change
+0.5 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 |
|---|---|---|---|---|
| Sep 30, 2023 | $956.0M | $427.0M | $529.0M | 44.7% |
| Dec 31, 2023 | $1.0B | $448.0M | $561.0M | 44.4% |
| Mar 30, 2024 | $1.2B | $563.0M | $612.0M | 47.9% |
| Jun 29, 2024 | $1.2B | $589.0M | $628.0M | 48.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 30, 2024
+0.5 pts
Year-over-year change
Jul 1, 2023
+0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver was the faster growth in gross profit relative to the increase in cost of revenue, which lifted the margin.
Gross margin was higher than both the immediately preceding quarter and the same quarter one year earlier, as gross profit increased while revenue remained stable.
Monitor the trajectory of cost of revenue, which increased from the prior quarter.