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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Joe Cardoso | JPMorgan | 14 (14%) |
| Louie DiPalma | William Blair | 13 (0%) |
| Tomer Zilberman | Bank of America | 12 (8%) |
| Tim Long | Barclays | 10 (20%) |
| Keith Housum | Northcoast Research | 10 (0%) |
| Ben Bollin | Cleveland Research | 9 (0%) |
| Andrew Spinola | UBS | 9 (0%) |
| Meta Marshall | Morgan Stanley | 7 (0%) |
| Irvin Liu | Evercore ISI | 6 (0%) |
| Adam Tindle | Raymond James | 6 (33%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 14 (14%) |
| Barclays | 2 | 14 (14%) |
| William Blair | 1 | 13 (0%) |
| Bank of America | 1 |
| 12 (8%) |
| Northcoast Research | 1 | 10 (0%) |
| Evercore ISI | 3 | 10 (0%) |
| UBS | 1 | 9 (0%) |
| Cleveland Research | 1 | 9 (0%) |
Motorola Solutions delivered record Q1 revenue with 7% growth and non-GAAP EPS of $3.37, as software and services surged 18%, Silvus continued exceeding expectations, and record backlog of $15.7 billion grew 11% with double-digit orders growth across the portfolio. Management raised FY2026 guidance to approximately $12.8 billion in revenue and $16.87-16.99 in non-GAAP EPS, absorbing supply chain cost headwinds from tariffs and memory while the AI-powered command center and SVX platforms gained traction.
Demand | Revenue Growth | M&A | Cloud & AI | Product Launch | Innovation & R&D | Competitive Dynamics | Trade Tariffs | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 3 | 1 | 5 | 2 | 2 | ||
| 2025Q1 | 9 | 3 | 1 | 3 | 2 | 3 | 3 | |
| 2025Q2 | 4 | 6 | 5 | 3 | 5 | 4 | 1 | 1 |
| 2025Q3 | 4 | 4 | 7 | 4 | 6 | 1 | 3 | 1 |
| 2025Q4 | 7 | 6 | 3 | 5 | 2 | 1 | 1 | |
| 2026Q1 | 8 | 9 | 5 | 3 | 1 | 4 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 4 | 9 | 4 | 4 | 7 | 8 |
| Revenue Growth | 3 | 3 | 6 | 4 | 6 | 9 |
| M&A | 1 | 1 | 5 | 7 | 3 | 5 |
| Cloud & AI | 5 | 3 | 3 | 4 | 5 | |
| Product Launch | 2 | 5 | 6 | 2 | 3 | |
| Innovation & R&D | 2 | 3 | 4 | 1 | 1 | |
| Competitive Dynamics | 1 | 3 | 1 | 4 | ||
| Trade Tariffs | 2 | 3 | 1 | 1 | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.01B | +5.7% | $3.56 | +2.6% | 51.4% | 27.0% | 20.3% | $984M |
| FY2025 Q1 | $2.53B | +5.8% | $2.53 | +1200.0% | 51.4% | 23.0% | 17.0% | $473M |
| FY2025 Q2 | $2.77B | +5.2% | $3.04 |
What MSI and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“During the quarter, we acquired Exacom and Hyper. Exacom integrates critical radio and 911 audio into our digital evidence management, while Hyper injects agentic AI into our 911 call handling.”
Motorola acquired Hyper, adding agentic AI to its 911 call-handling capabilities.
“During the quarter, we acquired Exacom and Hyper. Exacom integrates critical radio and 911 audio into our digital evidence management, while Hyper injects agentic AI into our 911 call handling.”
| +16.9% |
| 51.1% |
| 25.0% |
| 18.6% |
| $225M |
| FY2025 Q3 | $3.01B | +7.8% | $3.33 | +1.2% | 49.9% | 26.0% | 18.7% | $732M |
| FY2025 Q4 | $3.38B | +12.3% | $3.86 | +8.4% | 48.7% | 26.0% | 19.2% | $1.14B |
| FY2026 Q1 | $2.71B | +7.4% | $2.18 | -13.8% | 47.4% | 21.9% | 13.5% | $389M |
| FY2026 Q2 | $3.13B | +13.3% | $3.33 | +9.5% | 53.6% | 25.8% | 17.8% | $414M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Motorola acquired Exacom, adding critical radio and 911 audio integration into its digital evidence management suite.
“Additionally, we announced our intent to acquire Bell Canada's LMR network services business, which we expect to close sometime in Q4.”
Motorola Solutions intends to acquire Bell Canada's LMR network services business (about $100M recurring managed services), expanding its Canadian public-safety footprint.
“Axon announced that they're entering the 911 call-center market through 2 acquisitions. I think that was just about a month ago.”
An analyst notes Axon is entering the 911 call-center market via two acquisitions, framing it as a growing competitive threat to Motorola's Command Center business.
“Our new APX NEXT integration with T-Mobile and Starlink seamlessly enables direct-to-device satellite connectivity, adding yet another mode of network resiliency to LMR”
Starlink is named as the satellite partner enabling direct-to-device connectivity in Motorola's APX NEXT radios for public-safety network resiliency.
“Our new APX NEXT integration with T-Mobile and Starlink seamlessly enables direct-to-device satellite connectivity, adding yet another mode of network resiliency to LMR”
Motorola Solutions integrates T-Mobile connectivity into its APX NEXT radios for direct-to-device satellite resiliency, signaling a network partnership with T-Mobile.
“a $10 million fixed video order for Duke Energy”
Duke Energy is named as a customer placing a $10 million fixed video security order with Motorola Solutions, a read-through on Duke's security infrastructure spend.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
MSI Motorola Solutions | 7 | +7.4% | |
| CIEN Ciena Corporation | 10 | +33.1% | |
| CSCO Cisco Systems, Inc. | 9 | +9.7% | |
| ECHO EchoStar Corporation | 4 | -5.2% | |
| HPE Hewlett Packard Enterprise | 8 | +19.1% | |
| LITE Lumentum Holdings Inc. | 9 | +90.1% | |
| ZBRA Zebra Technologies | 8 | +14.3% |