Motorola Solutions stock gets a higher 2026 outlook

Motorola Solutions raised its 2026 revenue, earnings and cash flow outlook after reporting stronger third-quarter demand on November 4. The company said record orders pushed its backlog to an all-time high, reinforcing the growth case for its public safety and security portfolio.

According to the Motorola Solutions earnings release, third-quarter sales rose 12 percent from a year earlier to 3.4 billion US dollars. Growth reached 12 percent in Products and Systems Integration and 13 percent in Software and Services, with gains across all three technology categories.

Orders Support The Outlook

Non-GAAP earnings per share increased 16 percent to 4.69 US dollars from 4.06 US dollars. Non-GAAP operating margin widened to 32.5 percent from 30.5 percent, helped by higher sales and operating leverage, although supply chain costs remained a partial offset.

GAAP earnings per share declined to 3.06 US dollars from 3.33 US dollars. Motorola Solutions attributed the pressure primarily to a higher contingent earnout provision for Silvus, whose operating performance remained strong. Operating cash flow fell to 662 million US dollars from 799 million US dollars, while free cash flow declined to 589 million US dollars from 733 million US dollars as tax and interest payments increased.

Ending backlog reached 16.6 billion US dollars, up 14 percent, or 2.1 billion US dollars, from the year-ago quarter. Record third-quarter orders across all three technologies drove the increase. Products and Systems Integration backlog rose 635 million US dollars, while Software and Services backlog increased 1.4 billion US dollars.

Management now expects 2026 revenue of approximately 13.050 billion US dollars, compared with its previous forecast of 12.975 billion US dollars. The non-GAAP earnings outlook increased to 17.94 to 17.99 US dollars per share from 17.62 to 17.72 US dollars, and operating cash flow guidance rose to 3.050 billion US dollars.

For the fourth quarter, Motorola Solutions expects revenue growth of approximately 13 percent and non-GAAP earnings per share between 5.47 and 5.52 US dollars. The company also closed its 1.3 billion US dollar acquisition of D-Fend Solutions, a counter-drone technology provider, during the quarter.

Investors Weigh Growth And Costs

The Nasdaq report on the earnings call said management also outlined an initial 2027 revenue expectation of approximately 14.25 billion US dollars. Executives pointed to sustained demand, while warning that higher memory costs could weigh on margins. That mix leaves backlog conversion and cost control as key factors for the next phase of the investment story.

The real-time quote of Motorola Solutions stock was 462.30 euros on Lang & Schwarz at 13:33 CET on Monday, November 9, 2026.

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More news and analyses on Motorola Solutions stock cover the company’s earnings, outlook and operating developments.