Motorola Solutions Inc (MSI)

Official site

TECHNOLOGY • COMMUNICATION EQUIPMENT • NYSE

$456.35

+4.62 (+1.02%)

Market Cap: $74.76B

Last updated: Oct 16, 2026 at 1:55 PM ET

Earnings

Performance (10Y)

Beat Rate

100%(39/39)

Avg Surprise

+8.56%

Streak

48 Q

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$4.44

Range$4.39 - $4.51

4 analysts

EPS RevisionsNo revisions (7d)

30d

EPS Estimate DriftChange to current

90d ago$4.42+0.2%

60d ago$4.43+0.2%

30d ago$4.44-0.1%

7d ago$4.440.0%

Current$4.44

Revenue Consensus

$3.3B

Range$3.3B - $3.3B

4 analysts

Period ending Dec 31, 2026

EPS Consensus$6.19

Range$6.14 - $6.29

5 analysts

Revenue Consensus

$4.0B

Range$4.0B - $4.1B

4 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$6.19	$6.14 - $6.29	-	-	5	-	-
Sep 30, 2026Sep 26EST	-	$4.44	$4.39 - $4.51	-	-	4	7 5 30d	-
Jun 30, 2026Jun 26 Reported Aug 5, 2026Reported Aug 5	$3.93	$3.43	$3.41 - $3.46	+14.58%	Beat	13	1 0 30d	+25.6%
Mar 31, 2026Mar 26 Reported May 7, 2026Reported May 7	$3.37	$3.25	$3.22 - $3.30	+3.69%	Beat	12	2 0 30d	+6.0%
Dec 31, 2025Dec 25 Reported Feb 11, 2026Reported Feb 11	$4.59	$4.35	$4.31 - $4.47	+5.52%	Beat	12	0 1 30d	+13.6%
Sep 30, 2025Sep 25 Reported Oct 30, 2025Reported Oct 30	$4.06	$3.85	$3.84 - $3.87	+5.45%	Beat	12	No revisions (30d)	+8.6%
Jun 30, 2025Jun 25 Reported Aug 7, 2025Reported Aug 7	$3.13	$3.06	$3.05 - $3.09	+2.29%	Beat	10	1 0 30d	-3.4%
Mar 31, 2025Mar 25 Reported May 1, 2025Reported May 1	$3.18	$3.01	$3.00 - $3.03	+5.65%	Beat	11	0 1 30d	+13.2%
Dec 31, 2024Dec 24 Reported Feb 13, 2025Reported Feb 13	$4.04	$3.89	$3.80 - $3.95	+3.86%	Beat	11	5 5 30d	+3.6%
Sep 30, 2024Sep 24 Reported Nov 7, 2024Reported Nov 7	$3.74	$3.38	$3.34 - $3.49	+10.65%	Beat	10	1 0 30d	+17.2%
Jun 30, 2024Jun 24 Reported Aug 1, 2024Reported Aug 1	$3.24	$3.01	$2.98 - $3.06	+7.64%	Beat	10	1 0 30d	+22.3%
Mar 31, 2024Mar 24 Reported May 2, 2024Reported May 2	$2.81	$2.53	$2.50 - $2.55	+11.07%	Beat	10	No revisions (30d)	+26.6%
Dec 31, 2023Dec 23 Reported Feb 8, 2024Reported Feb 8	$3.90	$3.63	$3.61 - $3.65	+7.44%	Beat	9	No revisions (30d)	+8.3%
Sep 30, 2023Sep 23 Reported Nov 2, 2023Reported Nov 2	$3.19	$3.03	$3.00 - $3.14	+5.28%	Beat	8	No revisions (30d)	+6.3%
Jun 30, 2023Jun 23 Reported Aug 3, 2023Reported Aug 3	$2.65	$2.52	$2.50 - $2.52	+5.16%	Beat	6	No revisions (30d)	+28.0%
Mar 31, 2023Mar 23 Reported May 4, 2023Reported May 4	$2.22	$2.05	$2.02 - $2.09	+8.29%	Beat	8	No revisions (30d)	+30.6%
Dec 31, 2022Dec 22 Reported Feb 9, 2023Reported Feb 9	$3.60	$3.43	$3.41 - $3.46	+4.96%	Beat	11	1 0 30d	+26.3%
Sep 30, 2022Sep 22 Reported Nov 3, 2022Reported Nov 3	$3.00	$2.88	$2.85 - $2.94	+4.17%	Beat	11	0 1 30d	+27.7%
Jun 30, 2022Jun 22 Reported Aug 4, 2022Reported Aug 4	$2.07	$1.87	$1.84 - $1.96	+10.70%	Beat	11	No revisions (30d)	+0.0%
Mar 31, 2022Mar 22 Reported May 12, 2022Reported May 12	$1.70	$1.58	$1.55 - $1.87	+7.59%	Beat	11	No revisions (30d)	-9.1%
Dec 31, 2021Dec 21 Reported Feb 9, 2022Reported Feb 9	$2.85	$2.74	$2.70 - $2.82	+4.01%	Beat	10	1 0 30d	-0.3%
Sep 30, 2021Sep 21 Reported Nov 4, 2021Reported Nov 4	$2.35	$2.14	$2.06 - $2.16	+9.81%	Beat	11	6 0 30d	+20.5%
Jun 30, 2021Jun 21 Reported Aug 5, 2021Reported Aug 5	$2.07	$1.92	$1.83 - $1.98	+7.81%	Beat	11	No revisions (30d)	+48.9%
Mar 31, 2021Mar 21 Reported May 6, 2021Reported May 6	$1.87	$1.62	$1.61 - $1.67	+15.43%	Beat	11	No revisions (30d)	+25.5%
Dec 31, 2020Dec 20 Reported Feb 4, 2021Reported Feb 4	$2.86	$2.74	$2.71 - $2.77	+4.38%	Beat	10	No revisions (30d)	-2.7%
Sep 30, 2020Sep 20 Reported Oct 29, 2020Reported Oct 29	$1.95	$1.78	$1.74 - $1.86	+9.55%	Beat	9	2 0 30d	-4.4%
Jun 30, 2020Jun 20 Reported Aug 6, 2020Reported Aug 6	$1.39	$1.22	$1.14 - $1.26	+13.93%	Beat	10	No revisions (30d)	-17.8%
Mar 31, 2020Mar 20 Reported May 7, 2020Reported May 7	$1.49	$1.30	$1.16 - $1.36	+14.62%	Beat	11	No revisions (30d)	+16.4%
Dec 31, 2019Dec 19 Reported Feb 6, 2020Reported Feb 6	$2.94	$2.80	$2.76 - $2.81	+5.00%	Beat	9	No revisions (30d)	+11.8%
Sep 30, 2019Sep 19 Reported Oct 30, 2019Reported Oct 30	$2.04	$1.96	$1.93 - $2.00	+4.08%	Beat	10	No revisions (30d)	+5.2%
Jun 30, 2019Jun 19 Reported Aug 1, 2019Reported Aug 1	$1.69	$1.60	$1.57 - $1.63	+5.63%	Beat	9	No revisions (30d)	+15.8%
Mar 31, 2019Mar 19 Reported May 2, 2019Reported May 2	$1.28	$1.15	$1.11 - $1.17	+11.30%	Beat	11	1 0 30d	+16.4%
Dec 31, 2018Dec 18 Reported Feb 7, 2019Reported Feb 7	$2.63	$2.52	$2.40 - $2.62	+4.37%	Beat	10	No revisions (30d)	+25.2%
Sep 30, 2018Sep 18 Reported Nov 1, 2018Reported Nov 1	$1.94	$1.72	$1.70 - $1.75	+12.79%	Beat	11	No revisions (30d)	+26.8%
Jun 30, 2018Jun 18 Reported Aug 2, 2018Reported Aug 2	$1.46	$1.37	$1.34 - $1.48	+6.57%	Beat	12	3 0 30d	+30.4%
Mar 31, 2018Mar 18 Reported May 3, 2018Reported May 3	$1.10	$0.87	$0.83 - $0.91	+26.44%	Beat	14	No revisions (30d)	+54.9%
Dec 31, 2017Dec 17 Reported Feb 1, 2018Reported Feb 1	$2.10	$2.04	$2.00 - $2.09	+2.94%	Beat	11	2 0 30d	+3.4%
Sep 30, 2017Sep 17 Reported Nov 2, 2017Reported Nov 2	$1.53	$1.40	$1.37 - $1.43	+9.29%	Beat	12	No revisions (30d)	-
Jun 30, 2017Jun 17 Reported Aug 3, 2017Reported Aug 3	$1.12	$1.04	$1.00 - $1.10	+7.69%	Beat	14	No revisions (30d)	-
Mar 31, 2017Mar 17 Reported May 4, 2017Reported May 4	$0.71	$0.57	-	+24.56%	Beat	-	-	-
Dec 31, 2016Dec 16 Reported Feb 2, 2017Reported Feb 2	$2.03	$1.85	-	+9.73%	Beat	-	-	-

Dividends

Dividend Metrics

Forward Yield1.06%

Forward Annual Dividend$4.84

Payout Ratio26.98%

FrequencyQuarterly

Pay MonthsJan, Apr, Jul, Oct

Growth

3Y CAGR+11.29%

5Y CAGR+11.24%

MSI dividend history and ex-dividend dates Run MSI in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	28.61	EV/EBITDA	22.58x
Price/FCF	28.26x	FCF Yield	3.54%
Profitability
Profit Margin	17.40%	Operating Margin	27.40%
ROE	91.60%	ROIC	20.94%
Financial Health
Debt/Equity	3.38x	Interest Coverage	7.87x
Current Ratio	1.10x	Quick Ratio	0.86x
Trading Statistics
Beta	0.89	Avg Volume	821.75K
52-Week High	$493.57	52-Week Low	$356.42

Technical Indicators Dashboard

Moving Averages

SMA 10$450.21

SMA 20$452.16

SMA 50$463.61

SMA 200$432.93

EMA 10$451.02

EMA 20$453.13

EMA 50$453.09

EMA 200$436.77

MACD

Line: -2.83Signal: -3.39Hist: 0.56

ADX

ADX: 18.2+DI: 21.9-DI: 19.9

Aroon & PSAR

Aroon Up8.0

Aroon Down88.0

PSAR$441.05

Bollinger Bands

Upper Band$462.95

Lower Band$441.37

%B Position477%(Upper)

Band Width0.69

RSI (14-Day)

Neutral

52.2

Momentum Oscillators

Stoch %K54.2

Stoch %D37.7

Williams %R-25.8

ROC (10d)1.9%

Momentum8.32

CCI (20d)72.7

MFI (14d)51.5

Volatility Measures

ATR (14d)$8.24(1.8%)

StdDev (20d)5.40

Hist Vol14.3%(Low)

Volume Flow

VWAP$457.75

OBV-4.8M

AD Line-222.0M

CMF (20d)-0.166

Volume Metrics

Avg Vol (20d)825.4K

Vol Ratio1.0x

VWMA (20d)$452.58

Pivot Points

R3$460.92

R2$457.07

R1$454.40

Pivot Point$450.55

S1$447.88

S2$444.03

S3$441.36

Advanced Oscillators

TSI-10.61

Ultimate Osc45.0

KST-37.65

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$3.13B	$2.71B	$3.38B	$3.01B	$2.77B	$2.53B	$3.01B	$2.79B	$2.63B	$2.39B	$2.85B	$2.56B
Cost of Revenue	$1.46B	$1.35B	$1.61B	$1.46B	$1.35B	$1.23B	$1.46B	$1.36B	$1.29B	$1.20B	$1.39B	$1.28B
Gross Profit	$1.68B	$1.36B	$1.77B	$1.55B	$1.41B	$1.30B	$1.55B	$1.43B	$1.34B	$1.19B	$1.46B	$1.28B

Operating Expenses	$869.00M	$837.00M	$824.00M	$784.00M	$721.00M	$718.00M	$734.00M	$722.00M	$695.00M	$673.00M	$717.00M	$641.00M
R&D	$260.00M	$252.00M	$269.00M	$237.00M	$231.00M	$233.00M	$245.00M	$234.00M	$220.00M	$218.00M	$218.00M	$215.00M
SG&A	$496.00M	$439.00M	$499.00M	$485.00M	$450.00M	$436.00M	$486.00M	$439.00M	$430.00M	$397.00M	$423.00M	$380.00M
Operating Income	$809.00M	$525.00M	$944.00M	$770.00M	$692.00M	$582.00M	$814.00M	$711.00M	$644.00M	$519.00M	$738.00M	$639.00M

Interest Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$-1,000,000
Interest Expense	$103.00M	$104.00M	$110.00M	$86.00M	$55.00M	$51.00M	$56.00M	$58.00M	$69.00M	$44.00M	$29.00M	$53.00M
Income Before Tax	$742.00M	$441.00M	$860.00M	$725.00M	$680.00M	$547.00M	$787.00M	$695.00M	$580.00M	$-90,000,000	$709.00M	$592.00M
Income Tax Expense	$184.00M	$73.00M	$211.00M	$161.00M	$165.00M	$115.00M	$175.00M	$132.00M	$135.00M	$-52,000,000	$112.00M	$127.00M

Net Income	$558.00M	$368.00M	$649.00M	$564.00M	$515.00M	$432.00M	$612.00M	$563.00M	$445.00M	$-38,000,000	$597.00M	$465.00M

EBITDA	$993.00M	$688.00M	$1.11B	$926.00M	$821.00M	$679.00M	$929.00M	$837.00M	$732.00M	$37.00M	$846.00M	$732.00M
EBIT	$845.00M	$545.00M	$970.00M	$811.00M	$735.00M	$598.00M	$843.00M	$753.00M	$649.00M	$-46,000,000	$761.00M	$646.00M

* Some calculated fields are derived from available data when not provided by source

Related GNG Research

Axon: I Own a Starter. The Rest of the Position Waits for the Trend.

Q2 revenue $904M, +35%, tenth straight quarter >30% growth; raised FY guide to 32-34%; future contracted bookings $15.1B, up >40% ARR $1.6B, +39%, net revenue retention 126% - strong land-and-expand lock-in; contracted bookings rose >40% vs Motorola backlog +11% Analyst consensus EPS 2026-28: $7.62...

Glenn Ford

•

Sep 21, 20269/21/26

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Also mentions:

MSIHEI

Government Contracts

Gov Obligations (TTM)

$182.11M

Gov Obligations / Revenue

1.5%

Obligations YoY

-2.5%

Active Awards

199

New Awards (TTM)

104

Avg Remaining Term

8.1 mo

Top agency: Department of Defense at 58.2% of trailing twelve month obligations across 10 agencies

Recent Awards

Award ID	Agency	Obligated	Start	End	Description
FA805526F3004	Department of DefenseDepartment of the Air Force	$7.15M	Mar 31, 2026	Mar 30, 2027	DEPARTMENT OF THE AIR FORCE ENTERPRISE LAND MOBILE RADIO (ELMR) LIFECYCLE MANAGEMENT AND SUSTAINMENT SERVICES
W15P7T25C0007	Department of DefenseDepartment of the Army	$7.12M	Aug 25, 2025	Aug 24, 2027	ARMY CONUS ENTERPRISE LAND MOBILE RADIO SYSTEM UPGRADE/REFRESH AT WEST POINT, NEW YORK
W15P7T25C0009	Department of DefenseDepartment of the Army	$7.00M	Aug 4, 2025	Aug 3, 2029	ARMY CONUS ENTERPRISE LAND MOBILE RADIO (ACE LMR) SYSTEM UPGRADE/REFRESH AT FT. HUACHUCA, AZ.
2023H225C00119	Department of the TreasuryInternal Revenue Service	$5.74M	Aug 1, 2025	Jul 31, 2027	RADIO - INSTALL & REMOVAL
W15P7T25C0011	Department of DefenseDepartment of the Army	$4.43M	Aug 22, 2025	Aug 21, 2028	ARMY CONUS ENTERPRISE LAND MOBILE RADIO SYSTEMS UPGRADE AT FORT LEE.
W15P7T25C0010	Department of DefenseDepartment of the Army	$4.24M	Aug 15, 2025	Aug 14, 2028	ARMY CONUS ENTERPRISE LAND MOBILE RADIO (ACE LMR) SYSTEM UPGRADE/REFRESH AT FORT MCCOY, WI.
FA805526F3003	Department of DefenseDepartment of the Air Force	$4.12M	Apr 1, 2026	Mar 31, 2027	DEPARTMENT OF THE AIR FORCE ENTERPRISE LAND MOBILE RADIO (ELMR) LIFECYCLE MANAGEMENT AND SUSTAINMENT SERVICES
70B02C26F00000513	Department of Homeland SecurityU.S. Customs and Border Protection	$3.96M	Jul 20, 2026	Jul 19, 2027	LTE INFRASTRUCTURE, WAVE DEPLOYMENT TRAINING
FA805526F3001	Department of DefenseDepartment of the Air Force	$3.57M	Nov 21, 2025	Nov 20, 2026	DEPARTMENT OF THE AIR FORCE ENTERPRISE LAND MOBILE RADIO (ELMR) LIFECYCLE MANAGEMENT AND SUSTAINMENT SERVICES
FA805525F3009	Department of DefenseDepartment of the Air Force	$3.09M	Sep 30, 2025	Sep 29, 2026	DEPARTMENT OF THE AIR FORCE ENTERPRISE LAND MOBILE RADIO (ELMR) LIFECYCLE MANAGEMENT AND SUSTAINMENT SERVICES

Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

News

Evercore reaffirms USD 550 target for Motorola Solutions stock

Evercore has reiterated its Buy rating and USD 550.00 price target for Motorola Solutions (MSI). The company reported strong second-quarter revenues of USD 3.13 billion, marking a 13.3% year-over-year increase...

ad-hoc-news.de•Oct 16, 2026 5:45 AM ET10/16/26•Bullish

Cellebrite stock trades 23.95 percent below USD 14.13 consensus target

Cellebrite stock is trading 23.95 percent below its consensus target of USD 14.13, based on nine analyst ratings. The company reported a 16% rise in second-quarter revenue to USD 131.14 million and is expected to release...

ad-hoc-news.de•Oct 15, 2026 5:53 PM ET10/15/26•Somewhat-Bullish

Motorola Solutions (MSI) Stock Looks Overvalued Against Its Fair Value

Motorola Solutions (MSI) stock has nearly doubled in value over the past five years, leading to questions about its current valuation. Despite strong projected free cash flow growth...

Yahoo Finance•Oct 15, 2026 4:37 PM ET10/15/26•Bearish

Motorola Solutions, Inc. $MSI Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd reduced its stake in Motorola Solutions (NYSE:MSI) by 3.5% in the third quarter, selling 46,714 shares but still retaining 1.30 million shares valued at approximately $580.6 million. Despite this sale...

MarketBeat•Oct 15, 2026 1:44 PM ET10/15/26•Somewhat-Bullish

18,877 Motorola Solutions, Inc. $MSI Shares Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC significantly increased its stake in Motorola Solutions (NYSE:MSI) by 3,172.6% in the third quarter, purchasing an additional 18,877 shares...

MarketBeat•Oct 15, 2026 1:30 PM ET10/15/26•Bullish

MSI Valuation and Fair Value

P/E: 28.6x
Forward P/E: 23.9x
EV/EBITDA: 22.6x
P/FCF: 28.3x
PEG: 2.0x
P/B: 28.3x

See GNG's fair value

MSI Profitability: Margins, ROIC and FCF

Gross margin: 52.0%
Operating margin: 27.4%
Net margin: 17.4%
ROIC: 20.9%
ROE: 91.6%
FCF margin: 21.9%
FCF yield: 3.5%

MSI Competitors

Company	Ticker
Intuit Inc	INTU
Keysight Technologies Inc	KEYS
Lumentum Holdings Inc	LITE
Monolithic Power Systems Inc	MPWR
Cadence Design Systems Inc	CDNS
TE Connectivity Ltd	TEL
Hewlett Packard Enterprise Co	HPE
MicroStrategy Incorporated	MSTR

Sector: Technology

MSI Analyst Ratings

Consensus: Buy
Analysts: 14
Strong Buy: 5
Buy: 7
Hold: 2
Sell: 0
Strong Sell: 0

MSI Bull Case vs Bear Case

Bull case

MSI earns a 20.9% return on invested capital.
MSI converts 21.9% of revenue into free cash flow.
MSI beat EPS estimates in 100.0% of its last 8 reported quarters.

Bear case

MSI has a debt-to-equity ratio of 3.4x.

MSI Earnings: Beat Rate and Next Report

Beat rate: 8 of 8 quarters (100.0%)
Average surprise: 6.5%
EPS estimate (fiscal period ending Sep 30, 2026): $4.44
Estimate revisions (30 days, fiscal period ending Sep 30, 2026): 7 up, 5 down

MSI Dividend

Forward yield: 1.1%
Payout ratio: 27.0%
3Y DPS growth: 11.3%
5Y DPS growth: 11.2%
Pay months: Jan, Apr, Jul, Oct

MSI dividend history

Frequently Asked Questions About MSI

What is MSI's current dividend yield?

Motorola Solutions Inc (MSI) has a forward dividend yield of 1.06%.

Does MSI pay dividends?

Yes, Motorola Solutions Inc pays dividends with a forward dividend yield of 1.06%.

What is MSI's P/E ratio?

Motorola Solutions Inc has a price-to-earnings (P/E) ratio of 28.61.

What is MSI's market cap?

Motorola Solutions Inc (MSI) has a market capitalization of $74.76B with a current stock price of $456.35.

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Earnings

Performance (10Y)

Upcoming Estimates

Dividends

Dividend Metrics

Growth

Key Metrics

Technical Indicators Dashboard

Moving Averages

MACD

ADX

Aroon & PSAR

Bollinger Bands

RSI (14-Day)

Momentum Oscillators

Volatility Measures

Volume Flow

Volume Metrics

Pivot Points

Advanced Oscillators

Financial Data

Related GNG Research

Axon: I Own a Starter. The Rest of the Position Waits for the Trend.

Government Contracts

Recent Awards

News

Evercore reaffirms USD 550 target for Motorola Solutions stock

Cellebrite stock trades 23.95 percent below USD 14.13 consensus target

Motorola Solutions (MSI) Stock Looks Overvalued Against Its Fair Value

Motorola Solutions, Inc. $MSI Shares Sold by Ninety One UK Ltd

18,877 Motorola Solutions, Inc. $MSI Shares Purchased by Turtle Creek Wealth Advisors LLC

MSI Valuation and Fair Value

MSI Profitability: Margins, ROIC and FCF

MSI Competitors

MSI Analyst Ratings

MSI Bull Case vs Bear Case

Bull case

Bear case

MSI Earnings: Beat Rate and Next Report

MSI Dividend

Frequently Asked Questions About MSI

Related stocks

Get full access to GNG Research