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Motorola Solutions (MSI)
NYSE:MSI
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.24Last Year’s EPS
3.18Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong, broad-based operational and financial momentum: record revenue, operating earnings, margins, and cash flow, sizable backlog growth and large customer wins, successful product launches (SVX, APEX Next, Assist Suites), and an upgraded Silvus revenue outlook. Offsetting items include tariff and parts cost headwinds, higher OpEx and interest from acquisitions and financing, product-backlog normalization and seasonal Q1 softness, and some commercialization limits for Silvus tied to spectrum. On balance, the positive operational execution, robust cash generation, margin expansion, and raised guidance materially outweigh the manageable near-term headwinds, indicating a constructive outlook.Company Guidance
Record Company Financials and Margins
Full-year 2025 revenue of $11.7B (+8% YoY); non-GAAP EPS $15.38 (+11% YoY); GAAP EPS $12.75 (+38% YoY, aided by prior-year accounting impact). Company achieved first-ever >30% annual non-GAAP operating margin (30.3%, +130 bps YoY).
Strong Quarterly Performance
Q4 revenue +12% YoY (above guidance). Q4 non-GAAP operating earnings $1.1B (+19% YoY) and non-GAAP operating margin a record 32.1% (+170 bps YoY). Q4 non-GAAP EPS $4.59 (+14% YoY).
Robust Orders and Record Backlog
Orders grew 26% in the quarter; ending backlog hit an all-time record $15.7B (up $1.0B YoY and $1.2B sequentially), driven by record orders across product and services.
Outstanding Cash Generation
Record operating cash flow of $2.8B for 2025 (+19% YoY) and record free cash flow of $2.6B (+21% YoY). Company expects ~ $3B operating cash flow in 2026.
Segment Strength — Products & SI and Software & Services
Products & SI Q4 sales +11% with Q4 operating margin 30.9%. Software & Services Q4 revenue +15% with Q4 operating margin 34.3% (up from 30.3% YoY). Full-year S&S revenue +13% and full-year S&S operating margin 32.5% (+170 bps YoY).
Regional Momentum
International Q4 revenue grew 26% YoY with double-digit growth across segments and technologies; North America Q4 revenue +7% YoY.
Notable Large Orders and Customer Wins
Several sizeable Q4 wins highlighted: $180M P25 system (Tennessee), $162M P25 device/SVX order (U.S. federal), $201M ten-year P25 services renewal (Maryland), multiple TETRA and Command Center orders, and Silvus orders including a $20M unmanned systems order.
Product and Go-to-Market Milestones
Launched SVX body‑worn assistant (shipped >15,000 units), received FedRAMP approval for APEX Next radios, applications and digital evidence management, and launched AI-powered Assist Suites (dispatcher and responder) priced at $99/user/month to drive recurring revenue.
Silvus Acquisition and Upside
Completed Silvus acquisition as part of ~$4.9B of 2025 M&A; raised Silvus revenue expectations for 2026 to $675M (an increase of $75M vs. prior expectation) driven by international and unmanned-systems demand (Ukraine, UK, Germany).
Prudent Capital Allocation and Shareholder Returns
2025 capital deployment included $1.2B in share repurchases (including $490M in Q4), $728M dividends (dividend increased 11% — 14th consecutive double-digit increase), and disciplined M&A funded by strategic financing.
2026 Guidance and Growth Targets
Guidance: Q1 revenue growth 6–7% with non-GAAP EPS $3.20–3.25; full-year revenue ~ $12.7B and non-GAAP EPS $16.70–16.85. Segment-level guidance: S&S +10–11% and Products & SI +7–8%; technology targets include Video +10–11% and Command Center ~15%.
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 |
|---|---|---|---|
Feb 11, 2026 | $421.13 | $453.44 | +7.67% |
Oct 30, 2025 | $430.55 | $405.36 | -5.85% |
Aug 07, 2025 | $442.62 | $450.88 | +1.87% |
May 01, 2025 | $435.56 | $403.09 | -7.45% |
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 Apr 30, 2026, After Close (Confirmed).
What is Motorola Solutions (MSI) earnings time?
Motorola Solutions (MSI) earnings time is at Apr 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 (Q1) is 3.24.