Motorola Solutions (MSI) Company Report

The Land Mobile Radio (LMR) business is experiencing double-digit product orders growth, with a record backlog of $14.6 billion and guidance for 8% year-over-year revenue growth to $12.6 billion in 2026.
APX NEXT device platform has surpassed 200,000 subscribers and is expected to reach 300,000 next year, with customers paying $300 annually for software applications that drive services revenue.
The infrastructure segment (primarily P25 networks) represents a $2 billion business, entering a multi-year upgrade cycle for decade-old customer-owned networks and supporting mid-single-digit LMR product growth.
Video and Command Center solutions are each growing 10–12% this year (fixed and mobile video TAM of $37 billion, tracking to $2 billion in sales), while the Silvus acquisition ($500 million CY 2025) adds a defense-focused MANET portfolio targeting 20%+ growth in 2026.

3 days ago

Transcript

Motorola Solutions presents growth outlook and Silvus acquisition

MSI

Guidance Update

M&A

Revenue Acceleration/Inflection

Motorola expects 11% Q4 orders growth (~7–8% organic) and has set FY2026 revenue guidance of $12.6 billion (+8% yoy, ~5% organic)
Record total backlog of $14.6 billion in Q3, targeting ~$15 billion by year-end, with product backlog in the high-$3 billion range
Apex Next device platform now at 200,000 subscribers, projected to reach 300,000 next year with full tiered pricing rollout by mid-2026
Acquired Silvus (calendar 2025 rev. ~$500 million) to enter defense MANET market with a $3 billion TAM expected to double in 4–5 years, and >20% growth forecast for next year
Video and Command Center segments together track double-digit growth; video TAM is $37 billion with 10–12% growth, while Command Center is growing 12% as customers migrate to cloud models

3 days ago

Transcript

Motorola Solutions outlines growth drivers and 2026 guidance at UBS Technology Conference

MSI

Guidance Update

M&A

Share Buyback

Record backlog of $14.6 billion, with product backlog trending to high-$3 billion and 2026 revenue guidance of $12.6 billion (~8% growth, ~5% organic) supported by double-digit LMR orders growth.
Apex Next subscriber base to grow from 200,000 in 2025 to 300,000 in 2026, with the platform fully featured across all price tiers by mid-year.
Acquisition of Silvus expands “mission-critical networks” into defense and unmanned systems, adding a $500 million revenue run rate and targeting >20% growth next year within a $3 billion TAM slated to double in four to five years.
Video and Command Center segments driving high-quality growth: 10–12% video revenue growth (TAM ~$37 billion) and 12% Command Center growth, led by cloud transition and integrated end-to-end solutions.
Continued capital return with $400 million repurchased in Q4 and over $1 billion bought back year-to-date, underscoring confidence in fundamental outlook.

3 days ago

Transcript

Motorola Solutions presents at UBS 2025 Technology Conference

MSI

Guidance Update

M&A

LMR business sees Q4 orders growth guidance of 11% (approx. 7–8% organic) and fiscal 2026 company growth guidance of 12.6%; record backlog of $14.6 B, with a path to $15 B by year-end.
APEX NEXT device has 200,000+ subscribers, expected to reach 300,000 next year; includes LMR and LTE with application revenues of $300/year per user.
Launched third-generation P25 D Series infrastructure; the infrastructure segment represents a $2 B business, entering an upgrade cycle across thousands of customer-owned networks.
Video business (TAM $37 B) is tracking to over $2 B revenue at 10–12% growth (70% fixed/30% mobile); Command Center (9-1-1) is growing 12% amid a shift to hosted subscription models.
Acquired Silvus (Manet Networks) adding a $500 M calendar-year defense communications business with 20%+ growth expected next year; expands mission-critical networks TAM to $3 B, projected to double in 4–5 years.

3 days ago

Transcript

Motorola Solutions reports Q3 2025 results

MSI

Earnings

Guidance Update

M&A

Motorola Solutions delivered 8% revenue growth in Q3 2025, with software & services up 11% and products & SI up 6%, and expanded non-GAAP operating margin by 80 bps to 30.5%.
Generated record Q3 operating cash flow of $799 million and free cash flow of $733 million, deploying $182 million in dividends and $121 million in share buybacks.
Achieved record Q3 orders and backlog, ending with $14.6 billion, up $467 million YoY, including $11 billion in safety & security backlog.
Closed the $4.4 billion Silvus Technologies acquisition, adding $123 million of revenue and $200 million of backlog; now expects Silvus to deliver $500 million of 2025 revenue with 20% growth in 2026.
Following the outperformance, the company raised full-year EPS guidance, anticipating continued revenue and earnings growth into 2026.

Oct 30, 2025, 9:00 PM

Transcript

Motorola Solutions reports Q3 2025 results

MSI

Earnings

Share Buyback

M&A

Sales of $3.0 B, up 8% Y/Y; Products & Systems Integration rose 6% and Software & Services grew 11%.
Non-GAAP EPS of $4.06, up 9% Y/Y, and GAAP EPS of $3.33.
Record operating cash flow of $799 M, up $40 M Y/Y; ending backlog reached $14.6 B, up $467 M Y/Y.
Capital returns include $121 M of share repurchases and $182 M in dividends, alongside the $4.4 B acquisition of Silvus Technologies.

Oct 30, 2025, 9:00 PM

Presentation

Motorola Solutions reports Q3 2025 results

MSI

Earnings

M&A

Guidance Update

Motorola Solutions reported Q3 sales of $3.0 billion (up 8%), GAAP EPS of $3.33 (up 1%) and non-GAAP EPS of $4.06 (up 9%).
Recorded a Q3 operating cash flow of $799 million and a backlog of $14.6 billion, both all-time highs.
Completed the acquisition of Silvus Technologies for $4.4 billion during the quarter.
Raised full-year 2025 non-GAAP EPS guidance to $15.09–15.15 and expects Q4 revenue growth of ≈11% with non-GAAP EPS of $4.30–4.36.

Oct 30, 2025, 8:12 PM

8-K

Motorola Solutions reports Q3 2025 results

MSI

Earnings

M&A

Guidance Update

Revenue of $3.009 billion, up 8% y/y; GAAP EPS of $3.33 and non-GAAP EPS of $4.06 (+9%)
Record Q3 operating cash flow of $799 million and backlog of $14.6 billion
Completed acquisition of Silvus Technologies for $4.4 billion, funded via debt and cash
Raised full-year 2025 non-GAAP EPS guidance to $15.09–$15.15 and expects Q4 revenue growth of ~11%

Oct 30, 2025, 8:10 PM

Press Release

Motorola Solutions wins U.S. court ruling on Hytera’s trade secret misuse

MSI

Legal Proceedings

U.S. District Court found Hytera’s H-Series radios use Motorola’s stolen trade secrets, rejecting Hytera’s clean-room redesign claim.
Court ordered Hytera to pay over $70 million in unpaid royalties and interest, in addition to >$550 million previously awarded.
Through Q1 2024, Hytera owes >$59 million in royalties and >$11 million in interest at $80.32 per radio and $378.16 per repeater, and must continue royalty payments on future sales.
Hytera was held in civil contempt for the third time for refusing to comply with court-ordered royalty payments.

Sep 2, 2025, 1:15 PM

Press Release

Motorola Solutions discusses tech roadmap at Deutsche Bank Tech Conference

MSI

Motorola’s APX NEXT converged LMR/LTE radio sees strong adoption, with 90% of customers subscribing to its app bundle and plans to evolve toward 5G over time.
Launched SVX Body-worn Assistant, combining a remote speaker mic, body-worn camera and AI assistant to improve evidentiary capture and reduce TCO; early orders include competitive replacements.
Completed a $4 billion acquisition of Silvus to integrate MANET mesh networking for defense autonomy, drone communication and spectrum monitoring with future public safety applications.
Embedding AI across products: speech isolation/enhancement for mission-critical voice, network telemetry diagnostics and managed detection & response cybersecurity—processing 1 billion incidents/day with 99% auto-triaged and 114% YoY MDR growth.
Recurring revenue momentum continues: SaaS ARR in command center and video security is growing at over 2× the underlying business, leveraging both edge compute and cloud failover for high availability.

Aug 27, 2025, 8:05 PM

Earnings Transcripts

Quarterly earnings call transcripts for Motorola Solutions.

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