MSI earnings analysis
What we found in MSI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Motorola Solutions reported strong first-quarter results for 2026, with revenues of $2.71 billion and EPS of $3.37, both exceeding consensus estimates. The company saw segment growth driven by Software and Services but faced increased other charges due to a contingent earnout related to acquisitions. While cash flow from operations decreased to $451 million, management maintained an optimistic outlook for the year, raising full-year revenue and EPS guidance based on solid demand.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 7% Year-Over-Year
- Q1 2026 revenue was $2.71 billion, up from $2.53 billion in Q1 2025.
- EPS Beat Expectations
- Reported EPS of $3.37 surpassed estimates of $3.17.
- Strong Performance in Software and Services
- Software and Services segment revenues increased by 18%, contributing significantly to overall growth.
- Increased Cash Dividends
- Motorola paid $201 million in cash dividends during the quarter.
- Raised Full-Year Guidance
- Full-year revenue guidance increased to approximately $12.8 billion from $12.7 billion.
- Operating Margin Held Steady
- Operating margin was 19.3% compared to 23% in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Higher Supply Chain Costs
- Costs of products sales increased to 42.5% from 39.6% year-on-year.
- Contingent Earnout Charges
- Incurred $75 million charge related to the acquisition of Silvus.
- Legal Uncertainties
- Ongoing legal issues could impact financial stability, though currently not deemed material.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $3.37
- Gross margin
- 50.2%
- Operating margin
- 19.3%
- Segment
- Products and Systems Integration: 57%
- Segment
- Software and Services: 43%
What they said about what is next.
Full-year revenue and EPS guidance raised due to strong first-quarter performance.
The filing reads better than the one before it.
What came before.
- 10-K · February 12, 2026
- Motorola Solutions reports consolidated net sales of $11.7 billion in 2025, driven by Products & Systems Integration net sales of $7.3 billion (62%) and Software & Services net sales of $4.4 billion (38%). Backlog…
- 10-Q · August 7, 2025
- Motorola Solutions reported quarterly revenue of $2,765 million (up $137 million vs. prior year and $237 million vs. prior quarter) and diluted EPS of $3.04. Gross margin was 51.1% and operating margin was 25.0%, both…
- 10-K · February 14, 2025
- Motorola Solutions positions itself as a converged safety-and-security platform centered on LMR, Video and Command Center technologies, with 2024 net sales of $6.9 billion (Products & Systems Integration) and $3.9…
- 10-Q · November 7, 2024
- Motorola Solutions reported quarterly revenue of $2,790 million (up from $2,556 million year-over-year) with gross margin of $1,433 million (51.3%) and operating earnings of $711 million (25.5% operating margin).…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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