Company Reports

Motorola Solutions reported exceptional second-quarter results, with revenue increasing 13% to $3.13 billion and non-GAAP earnings per share rising 24% to $4.41, both well ahead of expectations.

Motorola Solutions offers one of the most comprehensive solution sets for public safety, a sticky business where it is a major player. We expect consistent growth and margin expansion, with potential upside if the firm can complete additional accretive acquisitions.

Motorola reported first-quarter revenue growth of 7% and non-GAAP earnings per share of 3.37, beating our estimates. Management raised its full-year 2026 revenue outlook to $12.8 billion and Non-GAAP EPS to a midpoint of $16.93.

Motorola Solutions offers one of the most comprehensive solution sets for public safety, a sticky business where it is a major player. We expect consistent growth and margin expansion, with potential upside if the firm can complete additional accretive acquisitions.

Motorola reported fourth-quarter revenue growth of 12% and adjusted earnings per share growth of 14%, exceeding our estimates. Its 2026 EPS outlook slightly exceeded our forecast.

Motorola Solutions offers one of the most comprehensive solution sets for public safety, a sticky business where it is a major player. We expect consistent growth and margin expansion, with potential upside if the firm can complete additional accretive acquisitions.

Motorola Solutions reported revenue growth of 8% and adjusted earnings per share growth of 6% for the third quarter, both slightly above the previously guided ranges. Management raised its full-year EPS growth outlook by 1%.

Motorola Solutions offers one of the most comprehensive solution sets for public safety, a sticky business where it is a major player. We expect consistent growth and margin expansion, with potential upside if the firm can complete additional accretive acquisitions.

Motorola Solutions increased sales by 5% year over year, driven by video and command center sales, while closing the acquisition of Silvus Technologies shortly after the quarter ended.

Motorola Solutions offers one of the most comprehensive solution sets for public safety, a sticky business where Motorola is a major player. We expect consistent growth and margin expansion, with potential upside if the firm can complete additional accretive acquisitions.

Motorola Solutions reported solid first-quarter earnings, but the second-quarter outlook was a bit light. Even so, the full-year outlook was maintained, while the impact from tariffs was estimated at $100 million.

Motorola Solutions offers one of the most comprehensive solution sets for public safety, a sticky business where Motorola is a major player. We expect consistent growth and margin expansion, with potential upside if the firm can complete additional accretive acquisitions.

We are maintaining our fair value estimate for wide-moat-rated Motorola at $460 after 2024 results and the 2025 outlook largely met our expectations. We view shares as fairly valued, and our thesis for steady mid-single-digit growth from the core land mobile radio business, and consistent double-digit growth from the video and command center segments, along with steady margin expansion remains intact.

Motorola Solutions offers one of the most comprehensive solution sets for public safety, a sticky business where Motorola is a major player. We expect consistent growth and margin expansion, with potential upside if the firm can complete additional accretive acquisitions.

We are increasing our fair value estimate for wide-moat-rated Motorola to $460 per share from $351, driven by a change in our discount rate from 9% to 7.5%. We believe the company’s exceptionally stable land mobile radio business combined with its other public safety focused businesses merit the lowest discount rate we use when modeling companies. We now view shares as fairly valued.

Motorola Solutions offers one of the most comprehensive solution sets for public safety, a sticky business where Motorola is a major player. We expect continued growth and margin expansion, with potential upside if the firm can complete additional accretive acquisitions.

We are increasing our fair value estimate for wide-moat-rated Motorola to $351 per share from $320 as the company reported another excellent quarter. We view shares as slightly overvalued. However, if Motorola executes flawlessly on items such as its solid margin expansion and strategically sound acquisitions, there could be more upside to our fair value. Given strong results and the updated outlook, we are slightly increasing our growth and margin expectations. Our 2024 and 2025 earnings per share projections increased 2% and 5%, respectively, while our longer-term growth assumptions also increased. The continued growth of land mobile radio products and the gross margin strength, in particular, surprised us to the upside, as a shift toward feature-rich LMR products and improving scale and supply dynamics continue to play out.

Motorola Solutions offers one of the most comprehensive solution sets for public safety, a sticky business where Motorola is a major player. We expect continued growth and margin expansion, with potential upside if the firm can complete additional accretive acquisitions.

We are increasing our fair value estimate for wide-moat-rated Motorola to $320 per share from $312 as the company reported excellent first-quarter earnings. Shares are slightly overvalued in our view. Given strong results and the updated outlook, we are slightly increasing our growth and margin expectations. We will keep an eye on margin development within land mobile radio as margin strength here surprised us, with management citing a shift toward feature-rich LMR products and improving scale and supply dynamics. We have slightly increased our longer-term gross margin estimate for this segment.

Motorola Solutions offers one of the most comprehensive solution sets for public safety, a sticky business where Motorola is a major player. We expect continued growth and margin expansion, with potential upside if the firm can complete additional accretive acquisitions.