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…
Earnings analysis · 10-Q
MSI earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $3.37
- Segment
- Products and Systems Integration: 57%
- Segment
- Software and Services: 43%
What stood out
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Revenue Growth of 7% Year-Over-Year
Q1 2026 revenue was $2.71 billion, up from $2.53 billion in Q1 2025.
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EPS Beat Expectations
Reported EPS of $3.37 surpassed estimates of $3.17.
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Strong Performance in Software and Services
Software and Services segment revenues increased by 18%, contributing significantly to overall growth.
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Increased Cash Dividends
Motorola paid $201 million in cash dividends during the quarter.
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Raised Full-Year Guidance
Full-year revenue guidance increased to approximately $12.8 billion from $12.7 billion.
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Operating Margin Held Steady
Operating margin was 19.3% compared to 23% in Q1 2025.
What to watch
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Higher Supply Chain Costs
Costs of products sales increased to 42.5% from 39.6% year-on-year.
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Contingent Earnout Charges
Incurred $75 million charge related to the acquisition of Silvus.
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Legal Uncertainties
Ongoing legal issues could impact financial stability, though currently not deemed material.
Management's outlook
Full-year revenue and EPS guidance raised due to strong first-quarter performance.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.