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Zebra Technologies Announces Second - Quarter 2021 Results 08/03/2021 Second - Quarter Financial Highlights • Net sales of $ 1,377 million ; year - over - year increase of 44 % • Net income of $ 219 million and net income per diluted share of $ 4.07 , year - over - year increases of 119 % and 120 % , respectively Non - GAAP diluted EPS increased 89.6 % year - over - year to $ 4.57 • Adjusted EBITDA increased 85.7 % year - over - year to $ 325 million LINCOLNSHIRE , III .-- ( BUSINESS WIRE ) -- Zebra Technologies Corporation ( NASDAQ : ZBRA ) , an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge , today announced results for the second quarter ended July 3 , 2021 . " Our exceptional second quarter performance was driven by continued broad - based demand for our solutions and excellent operational execution . Despite ongoing industry - wide supply chain challenges , our team met customers ' mission critical needs , while delivering record sales and profitability that exceeded our outlook , " said Anders Gustafsson , Chief Executive Officer of Zebra Technologies . “ While we continue to see extended lead times for certain product components and escalating global shipping costs , we enter the second half of the year with a strong order backlog and a robust pipeline of business which supports the significant increase to our full - year sales outlook . Additionally , we are excited about our entry into vibrant markets that advance our Enterprise Asset Intelligence vision , including our recent launch of fixed industrial scanning & machine vision solutions , as well as our pending acquisition of Fetch Robotics . " $ in millions , except per share amounts 2Q21 2Q20 Change Select reported measures : Net sales Gross profit Gross margin Net income Net income margin Net income per diluted share Select Non - GAAP measures : Adjusted net sales Organic net sales growth Adjusted gross profit Adjusted gross margin Adjusted EBITDA Adjusted EBITDA margin Non - GAAP net income $ 1,377 $ 956 44.0 % 658 419 57.0 % 47.8 % 43.8 % 400 bps | 219 100 119.0 % 15.9 % 10.5 % 540 bps $ 4.07 $ 1.85 120.0 % $ 1,380 $ 956 44.4 % 663 422 39.8 % 57.1 % 48.0 % 44.1 % 390 bps 325 175 85.7 % 23.6 % 18.3 % 530 bps $ 247 $ 130 90.0 % 89.6 % Non - GAAP earnings per diluted share $ 4.57 $ 2.41 Net sales were $ 1,377 million in the second quarter of 2021 compared to $ 956 million in the second quarter of 2020. Net sales in the Enterprise Visibility & Mobility ( " EVM " ) segment were $ 959 million in the second quarter of 2021 compared with $ 683 million in the second quarter of 2020. Asset Intelligence & Tracking ( " AIT " ) segment net sales were $ 421 million in the second quarter of 2021 compared to $ 273 million in the prior year period . Consolidated organic net sales for the