Motorola Solutions, Inc.
- Open
- 414.35
- Day high
- 420.04
- Day low
- 413.50
- Prev close
- 415.29
- Volume
- 48K
- Mkt cap
- $69.7B
- P/E (TTM)
- 33.4
- EPS (TTM)
- $12.56
- P/B
- 27.4
- P/S
- 5.9
- Yield
- 1.12%
- Per share
- $4.72
Motorola Solutions, Inc. (MSI) is a Technology company listed on NYSE. The stock is down 2% over the past year.
Motorola Solutions, Inc. (MSI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MSI earnings date, history & EPS estimates
| 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% |
MSI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 20, 2026 | Lashier Mark Edirector | Grant | 598 | — |
| May 20, 2026 | Howard Ayannadirector | Grant | 598 | — |
| May 20, 2026 | Mann Elizabethdirector | Grant | 598 | — |
| May 20, 2026 | TUCCI JOSEPH Mdirector | Grant | 598 | — |
| May 20, 2026 | ANASENES NICOLEdirector | Grant | 598 | — |
| May 20, 2026 | Leav Peterdirector | Grant | 598 | — |
| May 20, 2026 | DENMAN KENNETH Ddirector | Grant | 598 | — |
| Apr 7, 2026 | Lashier Mark Edirector | Grant | 63 | $438.96 |
| Apr 7, 2026 | Mondre Gregdirector | Grant | 63 | $438.96 |
| Mar 16, 2026 | MOLLOY JOHN Pofficer: EVP and COO | Tax | 608 | $473.12 |
| Mar 16, 2026 | SAPTHARISHI MAHESHofficer: EVP and CTO | Option | 1,174 | — |
| Mar 16, 2026 | BROWN GREGORY Qdirector, officer: Chairman and CEO | Option | 6,760 | — |
| Mar 16, 2026 | NAIK RAJANofficer: SVP, Strategy & Ventures | Option | 618 | — |
| Mar 16, 2026 | MOLLOY JOHN Pofficer: EVP and COO | Option | 1,372 | — |
| Mar 16, 2026 | BROWN GREGORY Qdirector, officer: Chairman and CEO | Tax | 3,530 | $473.12 |
Source: MSI SEC Form 4 filings, latest May 20, 2026. For informational purposes only — not investment advice.
See the full MSI insider & 13F page →Motorola Solutions, Inc. company profile
Overview
Motorola Solutions, Inc. (NASDAQ:MSI) is a leading provider of mission-critical communications and analytics solutions, founded in 1928 and headquartered in Chicago, Illinois. The company emerged from the original Motorola, Inc. and was renamed Motorola Solutions in January 2011 following a corporate restructuring. Today, Motorola Solutions serves government, public safety, and commercial customers across the United States, United Kingdom, Canada, and internationally, focusing on technologies that enable secure communications and enhanced safety operations for first responders, law enforcement, and enterprise customers.
Business
Motorola Solutions operates in the mission-critical communications industry, providing specialized equipment and software that enables secure, reliable communication for public safety agencies, government organizations, and commercial enterprises. The company's core business revolves around three primary technology areas that form the backbone of emergency response and security operations. Land Mobile Radio (LMR) systems represent the company's traditional strength and largest revenue segment. LMR technology includes two-way portable and vehicle-mounted radios, base stations, repeaters, and network infrastructure that enables secure voice communication for police, fire departments, emergency medical services, and other first responders. These systems operate on dedicated radio frequencies and provide reliable communication even when cellular networks fail during emergencies. The company's flagship APX series radios, including the newer APX NEXT devices, incorporate advanced features like encryption, GPS tracking, and integration with modern digital systems. Video Security and Access Control solutions comprise the company's fastest-growing segment, encompassing fixed and mobile video cameras, video analytics software, network video management systems, and access control technologies. These products help organizations monitor facilities, investigate incidents, and control building access. The Avigilon brand represents Motorola's premium video security offerings, including cloud-based solutions like Avigilon Alta that provide advanced analytics and artificial intelligence capabilities for threat detection and incident response. Command Center Software includes computer-aided dispatch (CAD) systems, records management systems, emergency call handling (911) software, and unified communications applications. These solutions serve as the digital nerve center for public safety operations, enabling dispatchers to coordinate emergency responses, manage incidents, and maintain critical records. The company's VESTA platform handles 911 calls, while CommandCentral software manages dispatch operations and incident records. The company operates through two main business segments: Products and Systems Integration (approximately 64% of revenue) focuses on hardware sales and system implementation, while Software and Services (approximately 36% of revenue) provides ongoing support, maintenance, software subscriptions, and managed services. This dual-segment approach creates both upfront revenue from equipment sales and recurring revenue streams from ongoing service contracts and software subscriptions.
Revenue model
Motorola Solutions generates revenue through multiple complementary business models that create both immediate and recurring income streams. The Products and Systems Integration segment primarily operates on a product sales model, selling LMR radios, video cameras, infrastructure equipment, and accessories to customers who need secure communication and surveillance capabilities. This segment also provides system integration services, implementing and configuring complex communication networks for large organizations. Revenue comes from direct equipment sales, installation services, and project-based implementations that can range from small deployments to multi-million dollar city-wide communication systems. The Software and Services segment operates on subscription and service fee models, providing ongoing technical support, software updates, cybersecurity services, and managed services to customers. This includes maintenance contracts for hardware, software-as-a-service (SaaS) offerings for cloud-based video and command center solutions, and professional services for system optimization. The recurring nature of these services provides predictable revenue streams and higher profit margins compared to hardware sales. The company's customers are primarily government agencies (federal, state, and local), public safety organizations (police, fire, EMS), and commercial enterprises requiring secure communications or advanced security systems. Approximately 75% of the business comes from government and public safety customers, providing stability since these organizations have essential, non-discretionary needs for communication and safety equipment. Several factors influence Motorola Solutions' profitability and margins. Positive factors include the mission-critical nature of their products, which reduces price sensitivity and enables premium pricing; the high switching costs associated with communication systems, as agencies invest heavily in training and infrastructure; growing demand for enhanced security and emergency preparedness; and the company's shift toward higher-margin software and services offerings. The recurring revenue model also provides more predictable cash flows and improved margins over time. Challenging factors include semiconductor supply chain constraints that can impact production costs and delivery schedules; competition from technology companies entering the video security market; potential budget constraints at government customers during economic downturns; and the need for continuous R&D investment to maintain technological leadership. Additionally, the company faces regulatory risks, particularly in international markets, and must navigate complex procurement processes typical of government customers.
Competitive moat
Motorola Solutions possesses a strong economic moat built on several interconnected competitive advantages that create significant barriers to entry and customer switching costs. The company's primary moat stems from its deep integration into mission-critical infrastructure, where reliability and interoperability are paramount concerns that outweigh cost considerations. The most significant moat component is high switching costs for customers. Public safety agencies and government organizations invest millions of dollars in Motorola's communication systems, including radio networks, dispatch centers, and training programs. Replacing these systems requires substantial capital expenditure, extensive retraining of personnel, and potential disruption to emergency services. This creates powerful customer retention dynamics, as evidenced by the company's long-term service contracts and high renewal rates. Network effects and interoperability strengthen the moat further. Motorola's LMR systems must communicate seamlessly across different agencies during emergencies, creating a preference for standardized solutions. The company's large installed base makes it the de facto standard in many regions, encouraging new customers to choose compatible Motorola equipment to ensure interoperability with neighboring jurisdictions. Regulatory compliance and certification requirements create additional barriers. Public safety equipment must meet strict government standards and undergo extensive testing and certification processes. Motorola's decades of experience navigating these requirements and maintaining necessary certifications make it difficult for new entrants to compete effectively in the public safety market. The company also benefits from scale advantages in R&D and manufacturing. Developing mission-critical communication equipment requires substantial investment in specialized engineering talent and testing facilities. Motorola's scale allows it to spread these costs across a large customer base while maintaining the resources needed for continuous innovation. However, the moat faces potential challenges from technological disruption, particularly the evolution toward broadband and cloud-based solutions. Companies like Microsoft, Amazon, and specialized software providers could potentially compete in command center software and cloud services. The convergence of LMR with LTE and 5G technologies also creates opportunities for telecommunications companies to enter the market. Additionally, the video security segment faces competition from technology companies with strong AI and cloud capabilities, though Motorola's focus on mission-critical applications provides some differentiation from consumer-oriented solutions.
Risks & safety
Motorola Solutions demonstrates a moderate to strong margin of safety with solid financial fundamentals but some valuation concerns. Financial Strength: • Cash position: $2.1 billion in cash and short-term investments (Q4 2024) • Debt management: Net debt-to-EBITDA ratio at lowest level in nearly a decade • Cash generation: Strong operating cash flow of $2.4 billion in 2024, up 17% year-over-year • Free cash flow: $2.1 billion in 2024, demonstrating consistent cash generation capability • Current ratio: 1.28, indicating adequate liquidity to meet short-term obligations • No immediate solvency concerns given strong cash position and consistent cash generation Valuation Metrics: • P/E ratio: 42.0x (Q1 2025), indicating premium valuation • EV/EBITDA: 33.2x (Q1 2025), suggesting high valuation relative to earnings • Price-to-book: 44.0x, reflecting significant premium to book value • Debt-to-equity: 4.0x, indicating moderate leverage levels • ROE: 26.2% (Q1 2025), demonstrating strong profitability and efficient capital use Other Considerations: • Recurring revenue base provides predictable cash flows • Mission-critical nature of products reduces demand volatility • Strong backlog of $14+ billion provides revenue visibility • Potential tariff impacts of $100 million being actively managed through cost reductions and pricing adjustments
Recent development
Over the past few years, Motorola Solutions has executed a strategic transformation focused on expanding its software and services capabilities while leveraging artificial intelligence and cloud technologies. The company has significantly increased its investment in AI-powered solutions, culminating in the recent launch of two groundbreaking products: SVX, the first P25 speaker microphone that converges secure voice, video, and AI capabilities, and Assist, an AI platform that provides contextual information to first responders during emergencies. The company has pursued an aggressive acquisition strategy to expand its technology portfolio and addressable market. Notable acquisitions include Rave Mobile Safety, which expanded the addressable market by $7 billion, IPVideo to strengthen video security capabilities, and most recently Theatro, which adds AI and voice-powered communication software for frontline workers. These acquisitions have been strategically focused on video security, command center software, and AI capabilities. Cloud adoption has become a central theme, with the company reporting strong growth in cloud-based solutions across both video security and command center technologies. The Avigilon Alta cloud platform and VESTA NXT cloud-based 911 call handling solution represent key examples of this transition. The company expects cloud and SaaS offerings to drive faster growth rates compared to traditional on-premise solutions. The APX NEXT device refresh cycle represents a significant multi-year opportunity, with these advanced radios currently representing 25% of shipments but expected to drive substantial growth as public safety agencies modernize their communication equipment. The company has also expanded internationally with products like the MXP660 TETRA radio that combines LMR and LTE capabilities. Service expansion has been another key focus, with the company growing its cybersecurity services, managed services, and technical support offerings. The Software and Services segment now represents almost 40% of total revenue and is expected to grow at approximately twice the rate of the Products and Systems Integration segment, reflecting the company's strategic shift toward higher-margin recurring revenue streams.
MSI company profile · for informational purposes only — not investment advice.
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