Zebra Technologies' stock surged 7.20% during pre-market trading on Thursday, following the release of its fourth-quarter and full-year 2025 financial results.

The significant price movement appears to be driven by several positive developments from the company's earnings report. Zebra reported Q4 sales of $1,475 million, surpassing the IBES estimate of $1,459 million, while adjusted earnings per share of $4.33 met analyst expectations. Furthermore, the company provided strong forward guidance, projecting Q1 sales growth between 11% and 15% and full-year sales growth of 9% to 13%.

Adding to the bullish sentiment, Zebra Technologies announced that its Board of Directors approved an additional $1 billion share repurchase authorization. This capital return initiative follows the company's return of over $580 million to shareholders through buybacks in 2025.