Analyst Consensus ?
ConsensusBuy34 ratings
Bullish2470.6%
Neutral617.6%
Bearish411.8%
Motorola Solutions, Inc. · MSI · FY2025 Q2 · Calendar Q3 2025
Motorola Solutions raises guidance as software and Silvus expand growth
The current analysis supports a constructive operating thesis: software and services growth, recurring revenue, SVX and the Silvus acquisition broaden Motorola Solutions' growth avenues. The thesis remains dependent on execution, government funding, tariff mitigation and sustained demand.
Reported After market closeNYSETechnology
$74.45B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.57
Consensus $3.35
EPS surprise
+6.6%
Reported versus consensus
Reported revenue
$2.77B
Consensus $2.73B
Revenue surprise
+1.2%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+1.9%
Event window
SPY move
+0.8%
Same window
Abnormal move
+1.1%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
+5.5%
Up to 20 sessions
MSISPY benchmark
Ask FN2 about MSI FY2025 Q2
Transcript, numbers and history already loaded
Why did MSI rise 1.9% after beating EPS estimates in FY2025 Q2?What changed in MSI's guidance and outlook in FY2025 Q2?Give me the bull and bear case for MSI after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management moved from maintained to raised guidance. The current analysis adds Silvus integration and Mission Critical Networks as major growth themes, while tariff and execution risks remain.
Guidance delta
Raised: management increased full-year revenue, non-GAAP EPS and operating cash-flow guidance from the prior quarter's maintained outlook.
Key takeaways
- Q2 revenue grew 5%, while software and services increased 15% and operating margins expanded 80 basis points.
- Management raised full-year revenue, non-GAAP EPS and operating-cash-flow guidance.
- Silvus expands the company's mission-critical-networks and unmanned-systems footprint, with estimated stub-period revenue of $185 million.
- SVX, APX NEXT adoption and recurring services remain central to the growth narrative.
Management priorities
- Expand SVX and integrate it with AI Assist.
- Scale Mission Critical Networks across defense, border security and public safety.
- Drive APX NEXT adoption and recurring services revenue.
- Integrate Silvus and pursue further strategic acquisitions and channel expansion.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$447.12Current
$254Low
$449.29Average
$550High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Piper Sandler | Overweight | Overweight | Maintain | Sep 22, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 26, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 7, 2026 |
| UBS | Buy | Buy | Maintain | Aug 6, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 6, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 6, 2026 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Dec 17, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Nov 26, 2024 |
| Raymond James | Outperform | Outperform | Maintain | Nov 8, 2024 |
| B of A Securities | Buy | Buy | Maintain | Oct 23, 2024 |
| Jefferies | Buy | Buy | Maintain | Sep 3, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | May 5, 2023 |
| Edward Jones | Hold | Buy | Downgrade | Jan 23, 2023 |
| Loop Capital | Buy | Buy | Maintain | Apr 26, 2022 |
| Argus Research | Buy | Hold | Upgrade | Nov 11, 2021 |
| MKM Partners | Buy | Buy | Maintain | Nov 5, 2021 |
| Northcoast Research | Neutral | Buy | Downgrade | Oct 28, 2021 |
| Citigroup | Buy | Buy | Maintain | Aug 9, 2021 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 5, 2021 |
| William Blair | Outperform | Outperform | Maintain | Dec 10, 2020 |
| CFRA | Hold | Hold | Maintain | Feb 12, 2020 |
| Citi | Buy | Buy | Maintain | Aug 2, 2019 |
| BMO Capital | Outperform | Outperform | Maintain | Nov 2, 2018 |
| Argus | Hold | Buy | Downgrade | May 5, 2018 |
| BTIG Research | Buy | Buy | Maintain | Mar 16, 2018 |
| Gabelli & Co. | Buy | Hold | Upgrade | Feb 6, 2017 |
| Bernstein | Outperform | Market Perform | Upgrade | Feb 23, 2016 |
| Macquarie | Underperform | Underperform | Maintain | Oct 22, 2015 |
| Wells Fargo | Underperform | Underperform | Maintain | Sep 11, 2015 |
| Goldman Sachs | Sell | Neutral | Downgrade | May 5, 2015 |
| Nomura | Neutral | Neutral | Maintain | Feb 19, 2015 |
| Mizuho | Underperform | Neutral | Downgrade | May 22, 2014 |
| Tigress Financial | Buy | Buy | Maintain | Apr 1, 2013 |
| Morgan Keegan | Outperform | Outperform | Maintain | Feb 21, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $447.12. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Piper Sandler | Analyst unavailable | $531 | $461.36 | +18.8% | Sep 22, 2026 |
| Evercore ISI | Analyst unavailable | $550 | $483.55 | +23.0% | Aug 26, 2026 |
| Truist Financial | Analyst unavailable | $545 | $469.03 | +21.9% | Aug 7, 2026 |
| Morgan Stanley | Meta Marshall | $476 | $474.04 | +6.5% | Aug 6, 2026 |
| UBS | Analyst unavailable | $520 | $438.14 | +16.3% | Aug 6, 2026 |
| Barclays | Tim Long | $529 | $438.14 | +18.3% | Aug 6, 2026 |
| Truist Financial | Analyst unavailable | $525 | $391.76 | +17.4% | May 8, 2026 |
| Raymond James | Analyst unavailable | $530 | $390.44 | +18.5% | May 8, 2026 |
| Piper Sandler | Analyst unavailable | $499 | $465.69 | +11.6% | Feb 12, 2026 |
| Morgan Stanley | Analyst unavailable | $470 | $464.41 | +5.1% | Feb 12, 2026 |
| Barclays | Tim Long | $506 | $465.73 | +13.2% | Feb 12, 2026 |
| Piper Sandler | James Fish | $443 | $381.02 | -0.9% | Jan 5, 2026 |
| Morgan Stanley | Meta Marshall | $436 | $363.83 | -2.5% | Dec 17, 2025 |
| Northcoast Research | Analyst unavailable | $450 | $370.78 | +0.6% | Dec 1, 2025 |
| Barclays | Tim Long | $495 | $431.98 | +10.7% | Oct 31, 2025 |
| Piper Sandler | James Fish | $495 | $470.72 | +10.7% | Sep 23, 2025 |
| Evercore ISI | Tim Yocum/Vicki Tzolov | $525 | $470.1 | +17.4% | Aug 29, 2025 |
| Barclays | Tim Long | $509 | $445.1 | +13.8% | Aug 8, 2025 |
| Deutsche Bank | Matt Niknam | $440 | $401.69 | -1.6% | Aug 6, 2024 |
| Deutsche Bank | Matt Niknam | $385 | $364.91 | -13.9% | Jun 3, 2024 |
| Argus Research | Jim Kelleher | $410 | $358.17 | -8.3% | May 7, 2024 |
| Evercore ISI | Amit Daryanani | $400 | $347.92 | -10.5% | Mar 25, 2024 |
| Credit Suisse | Analyst unavailable | $270 | $262.35 | -39.6% | Jan 11, 2023 |
| Loop Capital Markets | Fahad Najam | $295 | $223.16 | -34.0% | Apr 28, 2022 |
| Cowen & Co. | Paul Silverstein | $254 | $226.36 | -43.2% | Aug 6, 2021 |
Track every rating change on MSI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationMotorola Solutions, Inc. delivers essential communication and data analysis capabilities vital for critical operations across the United States, the United Kingdom, Canada, and other international markets. The company structures its extensive operations into two primary segments: Products and Systems Integration, and Software and Services. The Products and Systems Integration division offers a comprehensive suite of infrastructure, various devices, accessories, and video security solutions, alongside expert services for the deployment and seamless integration of systems, hardware, software, and specialized applications. This segment caters to governmental bodies, public safety agencies, and commercial enterprises that rely on private communication networks, advanced video security systems, and robust tools for managing mobile workforces.…
Historical context
All MSI earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-09T06:00:42.685348+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T06:00:42.682664+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-09. For educational purposes only; not investment advice.