Motorola Solutions raised full-year revenue guidance to approximately $13.050 billion and non-GAAP EPS guidance to between $17.94 and $17.99 per share.
MSI · Motorola Solutions, Inc.
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Motorola Solutions reported third-quarter net sales of $3.4 billion versus $3.0 billion, while operating earnings increased to $777 million from $770 million and attributable net earnings declined to $512 million from $562 million.
Motorola Solutions reported third-quarter 2026 sales of $3.4 billion, up 12%, GAAP EPS of $3.06 and non-GAAP EPS of $4.69. Backlog reached $16.6 billion, while full-year 2026 revenue guidance rose to approximately $13.050 billion and non-GAAP EPS to $17.94-$17.99.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 4, 2026TL;DR. Motorola delivered 12% sales growth, expanded non-GAAP operating margin by 200 basis points, generated record orders and a $16.6 billion backlog, raised full-year revenue and EPS guidance, increased cash-flow expectations, added D-Fend and expanded its share repurchase authorization. GAAP EPS and quarterly cash flow declined, while memory costs, supply-chain volatility, trade uncertainty and a delayed Bell Canada acquisition remain risks.
- + Q3 sales grew 12% to $3.4 billion, with double-digit growth in both segments. new
- + The company ended the quarter with record backlog of $16.6 billion, up 14% versus the year-ago quarter, driven by record Q3 orders. new
- + Management raised full-year revenue and non-GAAP EPS guidance and increased full-year operating cash flow expectations.
- + The board increased the share repurchase authorization by $2 billion. new
- − Quarterly operating cash flow fell to $662 million from $799 million and free cash flow fell to $589 million from $733 million. new
- − Higher interest and taxes partially offset non-GAAP EPS growth. new
- − The Bell Canada LMR acquisition was delayed from Q4 to Q1 or Q2 because customer and regulatory approvals remain outstanding. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average price per share repurchased | $413.53 | Q2 2026 | — |
| Capital expenditures | $55M | Q2 2026 | — |
| Cash dividends paid | $201M | Q2 2026 | — |
| Free cash flow non-GAAP | $803M | Six Months Ended July 4, 2026 | — |
| Non-GAAP Earnings per share non-GAAP | $7.78 | Six Months Ended July 4, 2026 | — |
| Non-GAAP effective tax rate non-GAAP | 22.6% | Q2 2026 | — |
| Non-GAAP Net earnings attributable to MSI non-GAAP | $1.3B | Six Months Ended July 4, 2026 | — |
| Non-GAAP operating margin non-GAAP | 32.9% | Q2 2026 | — |
| Non-GAAP Tax rate non-GAAP | 21% | Six Months Ended July 4, 2026 | — |
| Operating cash flow | $469M | Q2 2026 | — |
| Organic revenue non-GAAP | $5.38B | Six Months Ended July 4, 2026 | — |
| Products and Systems Integration segment backlog change | $329M | Q2 2026 | — |
| Record Q2 ending backlog | $15.6B | Q2 2026 | — |
| Share repurchases | $326M | Q2 2026 | — |
| shares repurchased | 0.8M | the three months ended July 4, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Communication Equipment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MSI
this stock
Motorola Solutions, Inc.
|
$87.83B | +38.6% | +5.7% | 42.8 | 2.1% |
|
CSCO
Cisco Systems, Inc.
|
$377.07B | +24.2% | +2.8% | 28.7 | 1.5% |
|
HPE
Hewlett Packard Enterprise Co
|
$64.10B | +101.0% | +13.8% | 24.9 | 3.5% |
|
LITE
Lumentum Holdings Inc.
|
$54.11B | +61.9% | +24.6% | — | 8.9% |
|
NOK
Nokia Corp
|
$45.67B | +24.7% | — | — | 1.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 4, 2026
- This year
- 20
Motorola Solutions reported third-quarter 2026 sales of $3.4 billion, up 12%, GAAP EPS of $3.06 and non-GAAP EPS of $4.69. Backlog reached $16.6 billion, while full-year 2026 revenue guidance rose to approximately $13.050 billion and non-GAAP EPS to $17.94-$17.99.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MSI | +3.2% | +14.7% | +29.4% | +8.1% | +38.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +0.7% | +15.9% | +28.9% | +8.3% | +28.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.