Quarterly ResultMay 7, 2026, 04:24 PM
Motorola Solutions Q1 Sales $2.7B, Raises Full-Year Outlook
AI Summary
Motorola Solutions reported strong first-quarter 2026 financial results, with sales reaching $2.7 billion, a 7% increase year-over-year, and non-GAAP EPS growing 6% to $3.37. The company achieved a record Q1 ending backlog of $15.7 billion, up 11%, driven by robust demand across its segments. Based on this performance, Motorola Solutions raised its full-year 2026 revenue and earnings outlook. Additionally, the company completed two acquisitions and entered into a definitive agreement to acquire Bell Canada's LMR networks services business.
Key Highlights
- Sales of $2.7 billion, up 7% year-over-year.
- Non-GAAP EPS of $3.37, up 6% year-over-year.
- Record Q1 ending backlog of $15.7 billion, up 11% year-over-year.
- Software and Services sales increased by 18%.
- Acquired Exacom and Hyper for $90 million, and agreed to acquire Bell Canada's LMR networks services business for approximately $500 million.
- Paid $201 million in cash dividends and repurchased $118 million of common stock.
- Raised full-year 2026 revenue guidance to approximately $12.8 billion.
- Raised full-year 2026 non-GAAP EPS guidance to between $16.87 and $16.99 per share.