Motorola Solutions (MSI)
NYSE:MSI
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.85Last Year’s EPS
3.57Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong commercial momentum: record revenue, robust 38% order growth, an 11% YoY backlog increase to $15.7B, double-digit growth in key software and Command Center/video technologies, and raised full-year top-line and EPS guidance. Those positives were balanced against near-term liquidity and cost pressures: GAAP earnings were hit by a $75M noncash Silvus earnout charge, operating and free cash flow declined vs. the prior year due to higher inventory and interest, and the company faces supply-chain headwinds (tariffs ~$60M and memory costs more than doubling). Management communicated confidence in execution, margin expansion of ~100 bps, and strategic M&A that expand recurring services. On balance, the highlights and forward guidance outweigh the lowlights given record orders/backlog, strong segment performance, and raised guidance.Company Guidance
Record Q1 Revenue and Top-Line Growth
Revenue was a record for Q1, up 7% year-over-year. The company raised full-year revenue guidance to approximately $12.8 billion (from $12.7 billion). Q2 sales growth is expected at ~8.5%.
Software & Services Outperformance
Software and Services revenue grew 18% year-over-year, with the segment delivering operating earnings of $395 million and a margin of 34.2% (up from 28.7% prior year). This segment was a major driver of overall growth.
Strong Command Center and Video Momentum
Command Center revenue grew 27% and Video grew ~16% (Video called out as 16% in Q1 commentary). Management highlighted broad-based wins, cloud adoption (Alta), and AI Assist adoption as drivers.
Record Orders and Backlog
Q1 orders grew 38% year-over-year, producing a record Q1 ending backlog of $15.7 billion, up 11% versus a year ago. Backlog increases were especially strong in Software & Services (up $1.3 billion YoY).
Non-GAAP Profitability and EPS Growth
Non-GAAP operating earnings were $781 million, up 9% year-over-year, with a non-GAAP operating margin of 28.8% (up 50 basis points). Non-GAAP EPS was $3.37, up 6% from $3.18 last year. Full-year non-GAAP EPS guidance was raised to $16.87–$16.99 (from $16.70–$16.85).
Silvus Performance and Raised Expectations
Silvus continued to exceed expectations; management raised Silvus full-year revenue expectation to $750 million (up $75 million). The Silvus earnout was increased, reflecting stronger performance, and expected payout was disclosed as just over $100 million.
Strategic Acquisitions and M&A Activity
Closed acquisitions of Exacom and Hyper (integrating 911 audio and agentic AI into offerings) and announced intent to acquire Bell Canada’s LMR network services business (expected to bring ~ $100 million of recurring managed services revenue).
Balance Sheet and Capital Allocation
Q1 cash generation included operating cash flow of $451 million and free cash flow of $389 million. Capital allocation in Q1 included $201 million dividends, $118 million share repurchases and $62 million of CapEx. The company repaid $200 million of term loans (outstanding term loan balance $1.3 billion).
Guidance on Margin Expansion and Cash Flow
Despite supply challenges, the company reiterated a target to expand operating margins by ~100 basis points for the full year and expects approximately $3 billion of operating cash flow for the full year.
MSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $433.20 | $383.99 | -11.36% |
Feb 11, 2026 | $420.02 | $452.25 | +7.67% |
Oct 30, 2025 | $429.41 | $404.29 | -5.85% |
Aug 07, 2025 | $441.45 | $449.69 | +1.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Motorola Solutions (MSI) report earnings?
Motorola Solutions (MSI) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Motorola Solutions (MSI) earnings time?
Motorola Solutions (MSI) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MSI EPS forecast?
MSI EPS forecast for the fiscal quarter 2026 (Q2) is 3.85.