Earnings call analysis

Motorola Solutions (MSI) Q3 2026 Earnings Call: Guidance and Outlook

The company provided specific guidance for the fourth quarter and raised its full-year outlook for revenue, EPS, and cash flow. The outlook reflects strong demand and continued momentum heading into 2027.

About Motorola Solutions. Motorola Solutions, Inc. delivers essential communication and data analysis capabilities vital for critical operations across the United States, the United Kingdom, Canada, and other international markets. The company structures its extensive operations into two primary segments: Products and Systems Integration, and Software and Services.

Call date

Nov 4, 2026

Sentiment score

+45 Positive

Management tone, -100 to +100

Sentiment change

-10

vs Q2 2026 call

Sector

Information Technology, Communications Equipment

Next report

Feb 10, 2027

View calendar

Quarterly guidance

Sales growth: Approximately 13%.
Non-GAAP EPS: $5.47 to $5.52 per share.

Annual guidance

Revenue: Approximately $13.050 billion, up from prior guidance of $12.975 billion.
Non-GAAP EPS: $17.94 to $17.99 per share, up from prior guidance of $17.62 to $17.72 per share.
Operating cash flow: $3.05 billion, up from prior guidance of $3 billion.

Outlook

2027 Revenue: Expected to be in the zip code of $14.25 billion.
2027 Organic Growth: Expected to be stronger than 2026.
2027 Operating Margins: Expected to expand despite memory cost headwinds.
Memory Costs: Expected to potentially double in 2027 compared to 2026.
Defend Growth: Expected to grow 40% to 50% in 2027.
Silvus Growth: Expected to grow about 30% in 2027.
Demand: Remains robust across safety and security, with strong multiyear visibility from the record backlog.

Sources and method

Dombey's summary of the Motorola Solutions Q3 2026 earnings call held Nov 4, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.

Updated Nov 9, 2026. All earnings call analyses

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Research published before the catalyst, kept on the record after it.

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