Motorola Solutions, Inc. Q3 2026 Earnings Recap

Motorola Solutions’ shares rose 4.0% after earnings, as revenue and non-GAAP EPS topped the company’s guidance and management raised full-year revenue, EPS, and cash-flow expectations. Record orders and backlog support the outlook, though acquisition contributions and higher supply-chain costs are notable factors.

Key Takeaways

• Q3 revenue grew 12%; non-GAAP EPS was $4.69, up 16% year over year. Both exceeded company guidance.
• Products and SI revenue rose 12%, while Software and Services revenue increased 13%; both segments posted double-digit growth.
• Non-GAAP operating margin expanded 200 basis points to 32.5%, despite higher supply-chain costs.
• Orders grew over 20% year over year; ending backlog reached a record $16.6 billion, up $1 billion sequentially.
• The company raised full-year operating cash-flow expectations by $50 million to $3.05 billion and increased full-year revenue and EPS guidance; Q4 sales growth is expected to be approximately 13%.