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How Motorola Solutions (MSI) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 08/05/2026
Motorola Solutions, Inc., is an American technology company that provides safety and security products and services. · Wikipedia
More about the company
Headquartered in Chicago, Illinois, the company provides critical communications, video security, and command center technologies, used by public safety agencies and enterprises. It was formed in 2011 by the division of Motorola, Inc., and is its legal successor; the former company's mobile phone division was spun off as Motorola Mobility, now part of Chinese technology company Lenovo.
Key growth driver: Mission Critical Networks — the fastest-growing revenue line: $2,280, +14% y/y. · by the Q2 2026 report
How does Motorola Solutions make money?
Motorola Solutions brought in $3.13 billion of revenue in Q2 2026, up 13.3% year over year. The largest source was Products & Systems Integration: $1.91 billion, or 61% of the total, followed by Software & Services ($1.23B, 39%). Net income for the quarter was $557 million, up 8.6% year over year.
Revenue by source, Q2 2026
- Products & Systems Integration$1.91B · 61% · +15%
- Software & Services$1.23B · 39% · +10%
Shares of $3.13B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is MSI’s next earnings date?
Thursday, October 29, 2026estimated
Motorola Solutions (MSI) has not confirmed the date yet; Oct 29, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $3.99 (5 analysts), vs $3.69 in the same quarter last year.
What time does MSI report? Usually after market close: the last 4 results releases reached the SEC at 4:12 pm, 4:14 pm, 4:12 pm, 4:12 pm ET.
Last report: Aug 5, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$3,133
+13.3%
Gross profit
$1,678
+18.8%
53.6% margin
Operating income
$809
+16.9%
25.8% margin
Net income
$557
+8.6%
$3.33 diluted EPS
Verdict: a strong quarter with revenue up 13% and operating earnings up 17% on broad-based demand plus IEEPA tariff refunds and a Hytera litigation gain, but net income growth was diluted to 9% by rising intangible amortization, a Silvus earnout charge and higher interest expense from acquisition debt.
OCF $920M (H1, +18% y/y) · buybacks $326M in Q2 ($444M H1) · dividends $201M paid in Q2 ($1.21/sh) · backlog $9.5B ($4.1B due next 12 months)
Source and notation
* marks non-cash / ≈ estimated. Source: Motorola Solutions press release / 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Heads-up
- debt load increased (Q2 2026)
Most likely because interest expense, net nearly doubled to $103M from $55M due to debt raised to fund the Silvus acquisition (term loans, senior notes issued June 2025); acquisitions (Silvus, Blue Eye, Exacom, Hyper) added roughly $243M of net sales in the quarter. Based on the Q2 2026 report.
Company filings on SEC EDGAR ↗MSI earnings history: past report dates
| Aug 5, 2026 Wed | 4:12 pmafter market close | Jul 4, 2026 | $3.1B+13% y/y | $3.33+10% y/y |
| May 7, 2026 Thu | 4:14 pmafter market close | Apr 4, 2026 | $2.7B+7% y/y | $2.18−14% y/y |
| Feb 11, 2026 Wed | 4:12 pmafter market close | Dec 31, 2025 | ≈$3.4B+12% y/y | ≈$3.85+8% y/y |
| Oct 30, 2025 Thu | 4:12 pmafter market close | Sep 27, 2025 | $3.0B+8% y/y | $3.33+1% y/y |
| Aug 7, 2025 Thu | 4:26 pmafter market close | Jun 28, 2025 | $2.8B+5% y/y | $3.04+17% y/y |
| May 1, 2025 Thu | 4:12 pmafter market close | Mar 29, 2025 | $2.5B+6% y/y | $2.53 |
| Feb 13, 2025 Thu | 4:13 pmafter market close | Dec 31, 2024 | ≈$3.0B+6% y/y | ≈$3.57+3% y/y |
| Nov 7, 2024 Thu | 4:12 pmafter market close | Sep 28, 2024 | $2.8B+9% y/y | $3.29+22% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Motorola Solutions: 5-year financials
| 2025 | 11,682 | 2,988 | 2,154 | 728 |
| 2024 | 10,817 | 2,688 | 1,577 | 654 |
| 2023 | 9,978 | 2,294 | 1,709 | 589 |
| 2022 | 9,112 | 1,661 | 1,363 | 530 |
| 2021 | 8,171 | 1,667 | 1,245 | 482 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Feb 202610-K 2025: a single class registered — MSI common stock; Legal Proceedings lists only MSI's own suit against Hytera, no shareholder suits. sec.gov ↗
- Dec 2025Diluted shares fell 2.9% over 2020–2025; SBC was 2.5% of revenue (XBRL). data.sec.gov ↗
- Dec 2025Dividend per share rose from $2.63 (2020) to $4.48 (2025). data.sec.gov ↗
Scoring: 2.0, no deductions: single share class, shares −2.9% over 5 years, SBC 2.5%, dividend raised every year, no shareholder suits or SEC cases
- Share classes
- Single class of common stock (10-K 2025 cover).
- Dilution
- Diluted shares 2020→2025 −2.9%, SBC 2.5% of revenue.
- Disclosure
- Full reporting, filed on time.
- Dividends
- Dividend per share raised every year: $2.63 (2020) → $4.48 (2025); $1.15B of buybacks in 2025.
- Lawsuits & regulators
- The only case named in the 10-K is MSI's own suit against Hytera (technology theft); no shareholder suits or SEC cases.
- Related parties
- Silver Lake convertible notes ($1B, 2019) were settled in cash per their terms in 2024 — no sign of off-market terms, no deduction.
How the score works · checked as of Sep 2026
Motorola Solutions (MSI) earnings: FAQ
How does Motorola Solutions make money?
Motorola Solutions brought in $3.13 billion of revenue in Q2 2026, up 13.3% year over year. The largest source was Products & Systems Integration: $1.91 billion, or 61% of the total, followed by Software & Services ($1.23B, 39%). Net income for the quarter was $557 million, up 8.6% year over year.
When is MSI's next earnings date?
Motorola Solutions (MSI) has not confirmed the date yet; Oct 29, 2026 is an estimate based on its past reporting schedule.
What time does MSI report earnings?
Motorola Solutions usually reports after market close: its latest results release was filed with the SEC at 4:12 pm ET on Aug 5, 2026.
When did MSI last report earnings?
Motorola Solutions reported Q2 2026 results on Aug 5, 2026.
What is the EPS estimate for MSI's next earnings?
The consensus EPS forecast is $3.99 (5 analysts), vs $3.69 in the same quarter last year.
Where can I find Motorola Solutions's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to MSI's filings; this page breaks the latest report down in a Sankey chart.
What was MSI's net income in Q2 2026?
Motorola Solutions reported net income of $557M for Q2 2026 (+8.6% year over year), under US GAAP.
Does Motorola Solutions pay dividends?
Yes. In 2025, Motorola Solutions paid $728M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/25/2026. How we make the breakdowns · Report an error
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