Motorola Solutions, Inc.: Beat — EPS $4.69, Revenue $3.38B
Earnings BeatQ3 2026 · After-market
Did Motorola Solutions, Inc. (MSI) beat earnings today?
Yes, Motorola Solutions, Inc. (MSI) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+5.87% surprise
$4.69Actual
Expected: $4.43
vs. year ago +16.0%
Total Revenue+2.93% surprise
$3.38BActual
Expected: $3.28B
vs. year ago +12.0%
Released Nov 04 · 4:10 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net sales | $3.38B | $3.01B | +12.0% |
| Revenue detail — reported lines | |||
| └─Net sales from products | $2.00B | $1.75B | +14.2% |
| └─Net sales from services | $1.38B | $1.26B | +9.5% |
| └─Products and Systems Integration | $2.12B | $1.90B | +12.0% |
| └─Software and Services | $1.26B | $1.11B | +13.0% |
| GAAP Basic EPS | $3.09 | $3.37 | -8.3% |
| GAAP Diluted EPS | $3.06 | $3.33 | -8.0% |
| Non-GAAP EPS | $4.69 | $4.06 | +16.0% |
| Net earnings | $512.00M | $562.00M | -8.9% |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | FY 2026 Outlook | ||
|---|---|---|---|---|
| Guidance | Expected | Guidance | Expected | |
| Revenue | approximately 13% YoY | $3.9B | approximately $13.050B (prev. $12.975B | $13.02BBeat +0.23% |
| Non-GAAP EPS | $5.47-$5.52 | $5.50In-Line | $17.94-$17.99 (prev. $17.62-$17.72 | $17.72Beat +1.38% |
| Fully diluted shares | approximately 168M | — | approximately 168M | — |
| Operating cash flow | — | — | $3.050B | — |
Q4 2026 Outlook
- Revenue
- Guidanceapproximately 13% YoYExpected$3.9B
- Non-GAAP EPS
- Guidance$5.47-$5.52Expected$5.50In-Line
- Fully diluted shares
- Guidanceapproximately 168MExpected—
- Operating cash flow
- Guidance—Expected—
FY 2026 Outlook
- Revenue
- Guidanceapproximately $13.050B(prev. $12.975BExpected$13.02BBeat +0.23%
- Non-GAAP EPS
- Guidance$17.94-$17.99(prev. $17.62-$17.72Expected$17.72Beat +1.38%
- Fully diluted shares
- Guidanceapproximately 168MExpected—
- Operating cash flow
- Guidance$3.050BExpected—
Business Highlights
- ➤Completed acquisition of D-Fend, a counter-drone technology leader.
- ➤Acquired DeepNeuronic, provider of AI software for live-camera operational insights.
- ➤Announced a $2B increase to the share repurchase authorization.
- ➤Paid $200M in cash dividends and repurchased $94M of common stock.
- ➤Federal Bureau of Prisons placed a $140M P25 systems and device order.
- ➤State of Louisiana awarded a $139M ten-year P25 services, mobile video and Command Center order.
- ➤Won a $98M P25 device and SVX order from a U.S. federal customer.
- ➤Received a $63M P25 system and device order from Nashville and Davidson County.
- ➤Secured a $56M fixed-video order from a large convenience-store chain.
- ➤Received a $39M Silvus order from a German unmanned-systems provider.
- ➤Won a $78M eight-year mobile-video award from a U.S. federal customer.
- ➤Received a $51M computer-aided dispatch and records-management order from Los Angeles Police Department.
Management Commentary
Greg Brown, chairman and CEO, Motorola Solutions
“Q3 was another outstanding quarter, with double-digit revenue growth across both segments and all three technologies. We continue to see exceptionally strong demand across our safety and security solutions, driving record Q3 orders and an all-time record ending backlog. As a result, we’re raising our revenue and earnings outlook again and increasing our cash flow expectations for the full year.”