MSI · Earnings call · 2026Q2T · Full report
Guidance / Outlook
Motorola Solutions, Inc. · 2026-08-05 · Importance 62 · Surprise 68 · From source text
Management raised full-year 2026 revenue guidance to approximately $12.975 billion from $12.8 billion previously, while increasing non-GAAP EPS guidance to $17.62-$17.72 from $16.87-$16.99. The $175 million revenue increase consists of approximately $100 million from Silvus and $75 million from public-safety LMR within Mission-Critical Networks. Products and Systems Integration growth guidance increased to 11%, Software and Services to 11%, and Mission-Critical Networks to 10%-11%; Video remains at 11% and Command Center at approximately 15%. Third-quarter sales growth is expected to be approximately 8%, with non-GAAP EPS of $4.39-$4.44 and an effective tax rate of approximately 23%.
Key facts
- Full-year revenue guidance was raised to approximately $12.975 billion, up from prior guidance of $12.8 billion.
- Motorola raised full-year guidance by $175 million, with $100 million attributed to Silvus and $75 million generally attributed to LMR.
- They expect Q3 sales growth of approximately 8% with non-GAAP EPS between $4.39 and $4.44 per share.
- Full-year outlook assumes favorable foreign exchange of about $100 million, unchanged from prior expectations.
- Products and SI full-year growth is now expected to be 11%, up from prior guidance of 8% to 9%.
- Software and Services full-year growth is now expected to be 11%, up from prior guidance of 10% to 11%.
- The D-Series upgrade cycle is expected to be a positive catalyst for next year.
- Full-year non-GAAP EPS guidance is $17.62 to $17.72, raised from prior guide of $16.87 to $16.99.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +4.8% | Full-year revenue guidance was raised to approximately $12.975 billion, up from prior guidance of $12.8 billion. |
| revenue | positive | committed | +2.7% | Full-year outlook assumes favorable foreign exchange of about $100 million, unchanged from prior expectations. |
| revenue | positive | committed | — | They expect Q3 sales growth of approximately 8% with non-GAAP EPS between $4.39 and $4.44 per share. |
| net_income | unclear | committed | — | They expect Q3 sales growth of approximately 8% with non-GAAP EPS between $4.39 and $4.44 per share. |
| revenue | positive | committed | — | Products and SI full-year growth is now expected to be 11%, up from prior guidance of 8% to 9%. |
| revenue | positive | committed | — | Software and Services full-year growth is now expected to be 11%, up from prior guidance of 10% to 11%. |
| revenue | positive | probable | — | The D-Series upgrade cycle is expected to be a positive catalyst for next year. |
| net_income | positive | committed | — | Full-year non-GAAP EPS guidance is $17.62 to $17.72, raised from prior guide of $16.87 to $16.99. |
| net_income | unclear | committed | — | Q3 guidance assumes a weighted average diluted share count of approximately 168 million shares and an effective tax rate of approximately… |