Earnings Releases·Nov 4, 2026, 4:13 PM ET

Motorola Solutions — Third Quarter 2026 Earnings Summary

Total sales rose 12% year-over-year to $3.4 billion, with Non-GAAP operating earnings up 19% to $1.1 billion and Non-GAAP diluted EPS increasing 16% to $4.69, while GAAP operating earnings and diluted EPS declined 1% and 8% respectively.
The company raised full-year 2026 revenue guidance to approximately $13.05 billion and Non-GAAP EPS guidance to $17.94–$17.99, citing exceptionally strong demand that drove record backlog growth of 14% to $16.6 billion.
Strategic expansion included the $1.3 billion acquisition of D-Fend Solutions and the $29 million purchase of DeepNeuronic, alongside a $2 billion increase to share repurchase authorization and $200 million in cash dividends paid.
Operating cash flow decreased to $662 million and free cash flow fell to $589 million year-over-year, attributed to elevated inventory levels of $1.5 billion used to mitigate supply chain volatility and rising material costs.