$MSI · Motorola Solutions, Inc.
Motorola Solutions filed its 10-Q for the quarter ended October 3, 2026. Net sales rose 12.2% year over year to $3.376B, with gross margin improving to 52.4% from 51.6%. Net earnings attributable to the company fell to $512M from $562M, and diluted EPS declined to $3.06 from $3.33, driven by a jump in "Other charges" to $211M from $62M and higher interest expense ($107M vs $86M).
- Q3 net sales rose 12.2% to $3.376B from $3.009B.
- Diluted EPS fell to $3.06 from $3.33 year over year.
- Other charges jumped to $211M from $62M in the quarter.
- Gross margin improved to 52.4% from 51.6%.
- Nine-month operating cash flow was $1,582M, flat versus $1,581M.
Extended-hours last trade $497.00, +0.15% vs regular close; regular session closed +1.07% at $496.24. Muted reaction despite revenue growth, consistent with EPS decline.
Strong top-line growth is being offset by rising charges and interest costs, squeezing profitability despite margin expansion.
Acquisition-driven growth (Silvus $4.4B, Theatro $174M, RapidDeploy $240M) continues to expand MSI's public-safety software and MANET footprint.
Rising "Other charges" ($470M nine months vs $152M) and interest expense ($315M vs $192M) are compressing net earnings despite revenue growth.