Motorola Solutions, Inc. (MSI) Earnings
Motorola Solutions, Inc. is expected to report next earnings on July 30, 2026 (in NaN days), with a consensus EPS estimate of $3.86. MSI has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +5.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $3.24 | $3.37 | +4.0% | $2.7B | +0.6% |
| Feb 11, 2026 | $4.35 | $4.59 | +5.5% | $3.4B | +1.1% |
| Oct 30, 2025 | $3.85 | $4.06 | +5.5% | $3.0B | +0.7% |
| Aug 7, 2025 | $3.35 | $3.57 | +6.6% | $2.8B | +1.2% |
| May 1, 2025 | $3.01 | $3.18 | +5.6% | $2.5B | +0.5% |
| Feb 13, 2025 | $3.89 | $4.04 | +3.9% | $3.0B | +0.6% |
| Nov 7, 2024 | $3.38 | $3.74 | +10.7% | $2.8B | +1.2% |
| Aug 1, 2024 | $3.01 | $3.24 | +7.6% | $2.6B | +1.6% |
| May 2, 2024 | $2.53 | $2.81 | +11.1% | $2.4B | +1.9% |
| Feb 8, 2024 | $3.63 | $3.90 | +7.4% | $2.8B | +1.2% |
| Nov 2, 2023 | $3.02 | $3.19 | +5.6% | $2.6B | +0.7% |
| Aug 3, 2023 | $2.51 | $2.65 | +5.6% | $2.4B | +2.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
### Video-related Insights - Growth in video was propelled by body-worn cameras, ALPR, Unity platform, and the Alta cloud-based platform. Alta has been a game-changer in expanding the vertical markets served, such as entering the retail sector with a major national fitness chain. ### Command Center Technology Details - The 27% growth in command center technology was due in part to tier one cities starting to use the next generation 911. The hybrid subscription model for CAD and record solutions that was implemented last year has started to show benefits, and the introduction of assist suites has shown excellent product-market fit. ### Mission Critical Networks Updates - In mission critical networks, Q1 had some prior-year comparisons, but there was double-digit product orders growth including LMR for the fourth quarter in a row. Sylvus is exceeding expectations with its sales force being doubled, increasing international demand, and R&D efforts focused on differentiation, size-weight-power reduction, and spectrum sensing capability. Public safety LMR and video also played a role in the increase of product backlog. ### Sylvus Developments - Since its acquisition, Sylvus has been exceeding expectations. Its sales force has been doubled, international demand is on the rise, and it is investing in R&D for spectrum-dominant software, size-weight-power reduction, and spectrum sensing capability. It has also increased supply capacity in California and plans to add a geo-redundant site in 2027, with an expected earn-out payout of over $100 million.
Guidance
### Demand and Supply Outlook - Product backlog increased sequentially because of strong public safety and video orders. Supply chains are in place to meet the demand profile, although some costs like memory might be higher, but they still expect to see growth in operating earnings for the segments. Public safety has a long sales cycle but provides visibility. ### Sylvus and Backlog Projections - Sylvus is exceeding expectations with a guide of $750 million annually. Product backlog increased sequentially, and Q1 had record backlog and orders. They expect product backlog at the end of the year to be at a strong level.
Segment performance
Video registered a 16% growth, fueled by body-worn cameras, ALPR, Unity platform, and the Alta cloud-based platform. Command center technology saw a 27% growth, driven by tier one cities going live for the next generation 911 and the hybrid subscription model for CAD and record solutions coming into effect and showing results. In mission critical networks, there were double-digit product orders growth including LMR for the fourth consecutive quarter. Sylvus has been surpassing expectations with its sales force doubled, increasing international demand, and R&D investments for differentiation. Public safety LMR and video also contributed to the sequential rise in product backlog.
Analyst Q&A
Q: Started with strong performance in video and command center. Talk about drivers and outlooks.
A: Video grew 16% from body-worn cameras, ALPR, Unity, and Alta. Command center grew 27% due to tier one cities going live for next gen 911 and the hybrid subscription model for CAD and record solutions.
Q: Follow-up on mission critical networks.
A: Q1 had prior-year comparisons, but there was double-digit product orders growth including LMR for the fourth quarter, with expectations of growth in the second half.
Q: On accelerating growth, visibility and gross margins.
A: Product backlog increased, supply is lined up, public safety's long sales cycle provides visibility, and they expect a 100 basis point expansion in operating earnings.
Q: Circle back on Sylvus, opportunity pipeline and manufacturing.
A: Sylvus is exceeding expectations, sales force doubled, international demand increasing, R&D for differentiation, supply capacity increased.
Q: Product backlog relative to 90 days ago.
A: Product backlog increased sequentially, Q1 had record backlog and orders, and they feel more confident about achieving the backlog goal.
Q: Congress funding for DHS and World Cup opportunity.
A: Monitoring D.C., federal budget situation is good, World Cup generated some business but wasn't a big driver.
Q: SVX win momentum and federal business.
A: SVX has momentum with DHS orders, 100 customers, 30% using video with AI assist, and adoption of technologies is increasing.
Q: Q1 to Q2 trends in mission critical and Sylvus.
A: Demand and orders are strong, investments in go-to-market and R&D, and the guide is prudent.
Q: Backlog duration and Bell Canada acquisition.
A: No change in backlog duration expectations, Bell Canada brings $100 million in recurring services.
Q: Video growth drivers and LMR product for the remainder of the year.
A: Video growth from camera, Unity, and SDX sales. LMR product is expected to have more robust growth in the second half after semiconductor supply normalization.
Q: Competitive landscape with Axon entering 911 call center.
A: No material change seen, they have a wide and broad portfolio, hybrid solution, AI assist integration, and a strong position.
Q: SVX wins drivers and service margins.
A: Customers like multi-source, AI-driven, audio, and economic value, with service margins around 40%-ish and EBITDA margins expected around 45% for Sylvus.
Q: M&A and R&D balance.
A: Strong balance sheet, 60% for share repo, 30% for dividend, 10% for CapEx, with investments in the product portfolio and Bell Canada acquisition as a core business extension.