Motorola Solutions stock: record backlog and higher 2026 outlook

Motorola Solutions reported stronger third-quarter demand on November 4, 2026, and raised its full-year outlook again. In its official earnings release, the communications and safety technology group said sales rose 12 percent year over year to 3.4 billion US dollars.

Motorola Solutions stock traded at 479.50 euros on Lang & Schwarz at 13:14 CET on Thursday, November 12, 2026.

Double-digit growth across operations

Products and Systems Integration sales increased 12 percent, driven by Mission Critical Networks and Video Security and Access Control. Software and Services sales rose 13 percent, supported by Mission Critical Networks, Command Center and Video. Growth in North America and international markets contributed to the quarter, while acquisitions added 211 million US dollars of revenue and foreign exchange provided an 11 million US dollar tailwind.

GAAP earnings per share came to 3.06 US dollars. Non-GAAP earnings per share, which exclude items such as share-based compensation, intangible asset amortization and other highlighted items, reached 4.69 US dollars. GAAP operating margin declined to 23.0 percent from 25.6 percent a year earlier, primarily because of a higher contingent earnout linked to Silvus. Non-GAAP operating margin increased to 32.5 percent from 30.5 percent as higher sales improved operating leverage, although supply-chain costs remained a drag.

Record orders lift backlog

Record third-quarter orders across all three technologies lifted ending backlog to 16.6 billion US dollars, up 14 percent, or 2.1 billion US dollars, from a year earlier. Products and Systems Integration backlog increased by 635 million US dollars, while Software and Services backlog grew by 1.4 billion US dollars. The backlog provides revenue visibility, although conversion into sales depends on customer delivery schedules, contract execution and supply availability.

Motorola Solutions also completed its 1.3 billion US dollar acquisition of counter-drone specialist D-Fend Solutions during the quarter. The company funded most of the transaction with 950 million US dollars of new long-term senior notes. It also acquired AI software provider DeepNeuronic for 29 million US dollars and announced a 2 billion US dollar increase in its share repurchase authorization.

Higher full-year targets

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 rose to 17.94 to 17.99 US dollars per share from 17.62 to 17.72 US dollars, while operating cash flow expectations increased to 3.050 billion US dollars.

For the fourth quarter, Motorola Solutions expects revenue growth of approximately 13 percent year over year and non-GAAP earnings per share of 5.47 to 5.52 US dollars. The outlook reflects continued demand for safety and security solutions, but the company also cited higher memory costs, tariffs and supply-chain uncertainty. Inventory is expected to remain elevated as Motorola works to protect supply.

The company said the outlook uses non-GAAP measures that cannot currently be reconciled quantitatively with the closest GAAP measures without unreasonable effort. Investors therefore need to consider both the adjusted targets and the GAAP effects of acquisitions, earnouts, financing costs and other items when assessing earnings quality.

US equities remain the broader market setting for Motorola Solutions stock; see current S&P 500 market reports.

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