Motorola beats Q4 profit estimates

Motorola Solutions

11/02/2026 21:18

Overview

Telecom equipment maker's Q4 sales rose 12%, slightly beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations, rising 14% yr/yr

Company repurchased $490 mln of shares in Q4

Outlook

Motorola expects Q1 2026 revenue growth between 6% and 7%

Company forecasts full-year 2026 revenue of approximately $12.7 bln

Motorola anticipates non-GAAP EPS of $16.70 to $16.85 for 2026

Result Drivers

SALES GROWTH - Q4 sales increased 12% driven by growth in International and North American markets, acquisitions, and favorable currency rates

OPERATING MARGIN IMPROVEMENT - GAAP and non-GAAP operating margins increased due to higher sales, favorable mix, and operating leverage, despite higher tariffs

RECORD BACKLOG - Ending backlog reached a record $15.7 billion, up $1 billion, driven by strong orders

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Slight Beat*
$3.38 bln
$3.35 bln (10 Analysts)
Q4 Adjusted EPS
Beat
$4.59
$4.35 (10 Analysts)
Q4 EPS
$3.86
Q4 Net Income
$649 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Motorola Solutions Inc is $484.44, about 15.4% above its February 10 closing price of $419.69

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nBwbJQnxra

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)