MSI · NYSE · Communication Equipment

Motorola Solutions (MSI)

Connects mission-critical networks, video security, access control, and command-center software.

$454.89
vs last close−6.47 (−1.40%)
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Motorola Solutions, Inc.MSI
Information Technology

Sells mission-critical networks, video security and access control, and command-center software to public-safety, defense, and enterprise customers. Devices, systems integration, subscriptions, and long-term support generate revenue, with North America providing most sales.

Builds Mission Critical Networks, Video Security and Access Control systems, and Command Center software for public-safety, defense, and enterprise customers. The network portfolio spans two-way radios, broadband and MANET equipment, while video offerings cover fixed, body-worn and in-vehicle cameras, access control, and analytics. D-Fend adds counter-drone detection and mitigation.

Operates through Products and Systems Integration and Software and Services. Revenue comes from devices and infrastructure, installation and integration, cloud and on-premises software, subscriptions, maintenance, cybersecurity, and managed networks. Long system lives support recurring upgrades and services. Most sales come from North America, with operations and customers worldwide.

Links radio, video, access-control, and dispatch data into integrated safety workflows. Demand depends heavily on government procurement and multi-year contracts; delivery also relies on regulated spectrum, outsourced manufacturing, and some single-source components.

Company facts

CEOGregory Q. Brown
ListedMar 17, 1980
ExchangeNYSE
HeadquartersChicago, IL
CountryUnited States
Employees23,000
CIK0000068505
ISINUS6200763075

Market cap$76.58B
EPS (ttm)$12.70
P/E (ttm)36.33
ROE85.8%
P/B28.66
P/S6.26
Dividend yieldDiv yield1.05%
Beta0.15vs XLK −0.52

Price target$530.00+14.9%Average of 34 analysts
ConsensusBuy24 of 34 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 22, 2026Piper SandlerReiterate
Rating: Target: $499
Rating: OverweightTarget: $531
Aug 26, 2026Evercore ISIReiterate
Rating: Target: $525
Rating: OutperformTarget: $550
Aug 7, 2026Truist FinancialTarget
Target: $525
Target: $545
Aug 6, 2026Morgan StanleyReiterate
Rating: Target: $470
Rating: OverweightTarget: $476
Aug 6, 2026UBSReiterate
Rating: Target:
Rating: BuyTarget: $520

Next report
Oct 29, 26
in 37 days
EPS estimate
$4.41
Revenue estimate
$3.25B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Oct '25Feb '26May '26Aug '26Oct '26
Reported$4.04$3.18$3.57$4.06$4.59$3.37$4.41Pending
Estimate$3.89$3.01$3.35$3.85$4.35$3.24$3.85$4.41
Surprise+3.9%+5.6%+6.6%+5.5%+5.5%+4.0%+14.5%

RevenueReportedEstimate

Feb '25May '25Aug '25Oct '25Feb '26May '26Aug '26Oct '26
Reported$3.01B$2.53B$2.77B$3.01B$3.38B$2.71B$3.13BPending
Estimate$2.99B$2.52B$2.73B$2.99B$3.34B$2.70B$3.00B$3.25B
Surprise+0.6%+0.5%+1.2%+0.7%+1.1%+0.6%+4.4%
Estimate$4.41
ReportedDue Oct 29, 2026
Estimate$3.25B
ReportedDue Oct 29, 2026
View details

Debt to equity360.00%
Current ratio109.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$2.79B$3.01B$2.53B$2.77B$3.01B$3.38B$2.71B$3.13B
Net income$562.0M$611.0M$430.0M$513.0M$562.0M$649.0M$366.0M$557.0M
Net margin20.1%20.3%17.0%18.6%18.7%19.2%13.5%17.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$711.0M$814.0M$582.0M$692.0M$782.0M$879.0M$595.0M$809.0M
YoY growth+11.3%+10.3%+12.1%+7.5%+10.0%+8.0%+2.2%+16.9%

Balance sheet, Jul 4, 2026Cash & short-term investments $710.0M · Total debt $9.62B · Total assets $19.24B · Shareholders' equity $2.67B

Revenue
$3.13B
Operating income
$809.0M
Net income
$557.0M
View details

Dividend yield
1.05%
Next ex-date
Dec 16, 26
estimated · in 85 days
Annual dividend
$4.84
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$1.09$1.09$1.09$1.09$1.21$1.21$1.21$1.21
Annual yield0.86%0.99%1.04%0.90%1.23%1.02%1.18%1.05%
Ex-dateDec 13Mar 14Jun 13Sep 15Dec 15Mar 20Jun 17Sep 16
Payment dateJan 15Apr 15Jul 15Oct 15Jan 15Apr 15Jul 15Oct 15
View details

Institutions89.68%148.42M shares
1,508 holders · as of Jun 30, 2026
Insiders0.19%316.8K shares
19 holders · as of Sep 4, 2026
Other10.13%16.76M shares
remainder

165.49M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
9.61%15.90Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.55%10.84Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
5.87%9.71Mas of Jun 30, 2026
State Street CorpInstitution
4.74%7.85Mas of Jun 30, 2026
Geode Capital Management, LLCInstitution
2.50%4.14Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 2, 2026Gregory Q. Browndirector, officer: Chairman and CEO−14,220$485.22
Aug 21, 2026Kathryn A. Mooreofficer: SVP, HUMAN RESOURCES−1,004$476.96
Aug 12, 2026Ayanna Howarddirector−685$469.52
Aug 7, 2026Katherine A. Maherofficer: CVP and CAO−1,754$469.77
Mar 4, 2026Gregory Q. Browndirector, officer: Chairman and CEO−28,435$477.95
View details

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