Motorola Solutions, Inc. earnings overview

MSI FY2026 Q1 · Calendar Q2 2026

Motorola Solutions, Inc.

Motorola Solutions reported Q1 FY2026 revenue of $2.71B (up 7% YoY) and non-GAAP EPS of $3.37, beating consensus on both lines. Software and Services growth led at 18%, and the backlog held at a record $15.7B, defying management's own expectation of a sequential decline. The company raised full-year revenue and EPS guidance, citing Silvus performance and broad public-safety demand. Three acquisitions (Exacom and Hyper closed; Bell Canada LMR pending) extend the recurring-revenue base by approximately $100M. Despite the beat-and-raise, the stock dropped 11.4% in the session following the report, with an abnormal return of -12.2% against a rising benchmark. The reaction is consistent with analyst concerns flagged on the call about memory component costs (expected to more than double in 2026) and tariff exposure under IEEPA and Section 122. Shares have since partially recovered 5.9%, and…