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Motorola Solutions MSI

US equityMarket cap rank #220
$459.34
−$1.10 (-0.24%)
Market open · Sep 24, 2:00 pm ET
After hours $462.09 +0.36%
Open$459.97
Prev close$460.44
Day range$457.24 – $463.67
Volume397.9K
Market cap$76.02B
P/E (TTM)36.2
Dividend yield1.03%

Fundamentals

Latest reported quarter: Q2, ended Jul 2026

Revenue$3.13B+13.3% YoY
Operating profit$827.00M+19.3% YoY
Net profit$558.00M+8.3% YoY
Diluted EPS$3.33+9.5% YoY
Free cash flow$414.00M+84.0% YoY
Operating cash flow$469.00M

Revenue, last 8 quarters

$2.8BSep '24$3.0BDec '24$2.5BMar '25$2.8BJun '25$3.0BSep '25$3.4BDec '25$2.7BApr '26$3.1BJul '26

Net profit, last 8 quarters

$563.0MSep '24$612.0MDec '24$432.0MMar '25$515.0MJun '25$564.0MSep '25$650.0MDec '25$368.0MApr '26$558.0MJul '26

Diluted EPS by quarter

3.29Sep '243.56Dec '242.53Mar '253.04Jun '253.33Sep '253.86Dec '252.18Apr '263.33Jul '26

Free cash flow by quarter

$702.0MSep '24$984.0MDec '24$473.0MMar '25$225.0MJun '25$732.0MSep '25$1.1BDec '25$389.0MApr '26$414.0MJul '26

Annual revenue

$7.4BFY20$8.2BFY21$9.1BFY22$10.0BFY23$10.8BFY24$11.7BFY25

Profitability & balance sheet

Gross margin52.0%
Operating margin25.2%
Net margin17.4%
Return on equity92.0%
Return on assets12.0%
Return on invested capital21.7%
Current ratio1.10
Liabilities / assets86.0%
Cash & investments$710.00M
Total debt$9.47B
Net cash (debt)-$8.76B
Free cash flow / sales21.9%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Products and Systems Integration$1.91B 60.9%
  • Software and Services$1.23B 39.1%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $3.13B $2.71B $11.68B $3.38B $3.01B
Total Operating Revenue $3.13B $2.71B $11.68B $3.38B $3.01B
Cost of Revenue $1.46B $1.35B $5.65B $1.61B $1.46B
Gross Profit $1.68B $1.36B $6.04B $1.77B $1.55B
Operating Expense $851.00M $781.00M $3.08B $863.00M $788.00M
Selling and Admin Expenses $496.00M $439.00M $1.87B $499.00M $485.00M
Research & Development $260.00M $252.00M $970.00M $270.00M $237.00M
Depreciation & Amortization & Depletion $95.00M $90.00M $234.00M $92.00M $66.00M
-Depreciation & Amortization $95.00M $90.00M $234.00M $92.00M $66.00M
Operating Profit $827.00M $581.00M $2.96B $905.00M $766.00M
Net Non-Operating Interest Income (Expense) -$103.00M -$104.00M -$302.00M -$110.00M -$86.00M
Non-Operating Interest Income $6.00M $7.00M $58.00M $7.00M $17.00M
Non-Operating Interest Expense $109.00M $111.00M $360.00M $117.00M $103.00M
Other Income (Expense) $18.00M -$36.00M $155.00M $65.00M $45.00M
Gain on Sale of Security -$6.00M -$2.00M $6.00M $1.00M $6.00M
Earnings from Equity Interest $13.00M -$5.00M – – –
Special Income (Charges) -$18.00M -$56.00M $26.00M $38.00M $2.00M
-Less:Restructuring and Mergern & Acquisition $31.00M $93.00M $110.00M $14.00M $67.00M
-Less:Impairment of Capital Assets $4.00M $2.00M $2.00M $1.00M $1.00M
-Less:Other Special Charges -$17.00M -$39.00M -$142.00M -$55.00M -$72.00M
Other Non-Operating Income (Expenses) $29.00M $27.00M $123.00M $26.00M $37.00M
Pretax Profit $742.00M $441.00M $2.81B $860.00M $725.00M
Tax $184.00M $73.00M $652.00M $210.00M $161.00M
Net Profit $558.00M $368.00M $2.16B $650.00M $564.00M
Profit from Continuing Operations $558.00M $368.00M $2.16B $650.00M $564.00M
Minority Interests $1.00M $2.00M $6.00M $1.00M $2.00M
Net Income to Parent Company $557.00M $366.00M $2.15B $649.00M $562.00M
Net Income to Common Stockholders $557.00M $366.00M $2.15B $649.00M $562.00M
Basic EPS $3.36 $2.21 $12.93 $3.90 $3.37
Diluted EPS $3.33 $2.18 $12.75 $3.86 $3.33
Dividend Per Share $1.21 $1.21 $4.48 $1.21 $1.09
Other Operating Expenses – – $2.00M – –
-Less:Write Off – – $4.00M $2.00M $2.00M
-Gain on Sale Of Business – – $0.00 – –

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $19.24B $19.08B $19.39B $19.39B $18.80B
Total Current Assets $6.13B $5.95B $6.30B $6.30B $5.81B
Cash and Cash Equivalents & Short-Term Investments $710.00M $886.00M $1.16B $1.16B $894.00M
-Cash and Cash Equivalents $710.00M $886.00M $1.16B $1.16B $894.00M
Receivables $3.63B $3.45B $3.79B $3.79B $3.58B
-Accounts Receivable $2.16B $2.05B $2.20B $2.20B $2.02B
-Other Receivables $1.47B $1.40B $1.59B $1.59B $1.56B
Prepaid Assets $39.00M $33.00M $41.00M $41.00M $36.00M
Inventory $1.33B $1.18B $983.00M $983.00M $943.00M
Current Deferred Assets $100.00M $81.00M $72.00M $72.00M $77.00M
Other Current Assets $319.00M $323.00M $246.00M $246.00M $285.00M
Total Non-Current Assets $13.11B $13.13B $13.09B $13.09B $12.99B
Net PPE $1.74B $1.77B $1.75B $1.75B $1.68B
-Gross PPE $3.81B $3.79B $3.72B $3.72B $3.58B
-Accumulated Depreciation -$2.07B -$2.02B -$1.97B -$1.97B -$1.90B
Investments and Advances $300.00M $187.00M $187.00M $187.00M $192.00M
-Available for Sale Securities $36.00M $35.00M $42.00M $42.00M $45.00M
-Long Term Equity Investment $8.00M $8.00M $8.00M $8.00M $10.00M
Non Current Accounts Receivables $44.00M $49.00M $59.00M $59.00M –
Goodwill and Other Intangible Assets $9.83B $9.93B $9.90B $9.90B $9.91B
-Goodwill $6.88B $6.89B $6.80B $6.80B $6.78B
-Other Intangible Assets $2.95B $3.05B $3.10B $3.10B $3.13B
Defined Pension Benefit $259.00M $243.00M $228.00M $228.00M $216.00M
Non-Current Deferred Assets $883.00M $895.00M $913.00M $913.00M $901.00M
Other Non-Current Assets $52.00M $54.00M $52.00M $52.00M $96.00M
Total Liabilities $16.55B $16.52B $16.96B $16.96B $16.46B
Total Current Liabilities $5.58B $5.56B $6.08B $6.08B $5.66B
Payables $1.50B $1.50B $1.75B $1.75B $1.45B
-Accounts Payable $1.13B $1.11B $1.33B $1.33B $1.13B
-Total Tax Payable $164.00M $193.00M $225.00M $225.00M $144.00M
-Dividends Payable $200.00M $201.00M $201.00M $201.00M $182.00M
Current Accrued Expenses $476.00M $471.00M $573.00M $573.00M $553.00M
Short-Term Debt and Capital Lease Obligation $760.00M $680.00M $882.00M $882.00M $1.06B
-Current Debt $615.00M $550.00M $749.00M $749.00M $928.00M
-Current Capital Lease Obligation $145.00M $130.00M $133.00M $133.00M $128.00M
Current Provisions $104.00M $88.00M $125.00M $125.00M $98.00M
Current Deferred Liabilities $2.34B $2.30B $2.27B $2.27B $2.07B
Other Current Liabilities $97.00M $103.00M – – –
Total Non-Current Liabilities $10.98B $10.96B $10.88B $10.88B $10.80B
Long Term Debt and Capital Lease Obligation $8.86B $8.91B $8.88B $8.88B $8.88B
-Long Term Debt $8.42B $8.42B $8.41B $8.41B $8.41B
-Long Term Capital Lease Obligation $442.00M $494.00M $471.00M $471.00M $469.00M
Non-Current Liabilities $119.00M $119.00M $119.00M $119.00M $119.00M
Non-Current Deferred Liabilities $1.09B $996.00M $986.00M $986.00M $883.00M
Employee Benefits $611.00M $651.00M $683.00M $683.00M $711.00M
Other Non-Current Liabilities $294.00M $283.00M $212.00M $212.00M $203.00M
Total Equity $2.69B $2.56B $2.43B $2.43B $2.34B
Stockholders' Equity $2.67B $2.54B $2.41B $2.41B $2.33B
Capital Stock $2.00M $2.00M $2.00M $2.00M $2.00M
-Common Stock $2.00M $2.00M $2.00M $2.00M $2.00M
Additional Paid-In Capital $2.47B $2.37B $2.28B $2.28B $2.15B
Retained Earnings $2.63B $2.60B $2.55B $2.55B $2.59B
Gains/Losses Not Affecting Retained Earnings -$2.43B -$2.42B -$2.42B -$2.42B -$2.42B
Minority Interests $16.00M $19.00M $17.00M $17.00M $17.00M
Restricted Cash – – $2.00M $2.00M –
-Preferred Stock – – $0.00 $0.00 $0.00

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $469.00M $451.00M $2.84B $1.26B $798.00M
Net cash flow from continuing operations $469.00M $451.00M $2.84B $1.26B $798.00M
Net Income from Continuing Operations $558.00M $368.00M $2.16B $650.00M $563.00M
Depreciation & Depletion & Amortization $148.00M $143.00M $425.00M $143.00M $115.00M
Other Non-Cash Items $8.00M $83.00M $3.00M $7.00M $1.00M
Change in Working Capital -$349.00M -$243.00M -$44.00M $376.00M $46.00M
-Change in Receivables -$119.00M $155.00M -$173.00M -$174.00M -$128.00M
-Change in Inventory -$156.00M -$199.00M -$145.00M -$38.00M -$23.00M
-Change in Payables and Accrued Expense $82.00M -$290.00M $280.00M $560.00M $175.00M
-Change in Other Current Assets -$94.00M $103.00M -$221.00M $9.00M -$108.00M
-Change In Other Working Capital -$62.00M -$12.00M $215.00M $19.00M $130.00M
Net cash flow from investing -$151.00M -$183.00M -$5.16B -$192.00M -$4.44B
Net Cash Flow from Continuing Investing Activities -$151.00M -$183.00M -$5.16B -$192.00M -$4.44B
Capital Expenditure -$55.00M -$62.00M -$265.00M -$114.00M -$66.00M
Net PPE Purchase and Sale $0.00 $1.00M – – –
Net Business Purchase and Sale -$100.00M -$124.00M -$4.92B -$81.00M -$4.37B
Net Investment Purchase and Sale $4.00M $2.00M $17.00M $3.00M $2.00M
Financing Cash Flow -$474.00M -$525.00M $1.31B -$802.00M $1.33B
Net Cash Flow from Continuing Financing Activities -$474.00M -$525.00M $1.31B -$802.00M $1.33B
Net Issuance Payments Of Debt $65.00M -$200.00M $3.16B -$179.00M $1.60B
Net Common Stock Issuance -$334.00M -$124.00M -$1.11B -$441.00M -$87.00M
Cash Dividends Paid -$201.00M -$201.00M -$728.00M -$182.00M -$182.00M
Ending Cash Balance $710.00M $886.00M $1.17B $1.17B $894.00M
Net Change in Cash -$156.00M -$257.00M -$1.02B $262.00M -$2.30B
Beginning Cash Balance $886.00M $1.17B $2.10B $894.00M $3.21B
Effect of Exchange Rate Changes -$20.00M -$22.00M $81.00M $9.00M -$8.00M
Free Cash Flow $414.00M $389.00M $2.57B $1.14B $732.00M
Net Other Financing Charges – – -$10.00M $0.00 -$1.00M
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