Motorola Solutions Raises Full-Year Guidance on Strong Q1 Results and Strategic Acquisitions
MSI sits 16% above its 52-week low of $359.36.
Summary
Motorola Solutions reported strong Q1 results, raised its full-year revenue and EPS guidance, and announced a significant acquisition, indicating a positive business outlook.
Key Events · Earnings and Guidance · MSI
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Strong First Quarter Performance
Q1 2026 sales increased 7% to $2.7 billion, and non-GAAP EPS rose 6% to $3.37 compared to the prior year, driven by growth in Software and Services.
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Raised Full-Year Guidance
The company increased its full-year 2026 revenue guidance to approximately $12.8 billion (from $12.7 billion) and non-GAAP EPS guidance to between $16.87 and $16.99 (from $16.70 and $16.85).
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Record Backlog Achieved
Motorola Solutions ended Q1 with a record backlog of $15.7 billion, an 11% increase year-over-year, reflecting strong, broad-based demand.
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Strategic Acquisitions Announced
The company acquired Exacom and Hyper for $90 million and entered into a definitive agreement to acquire Bell Canada's LMR networks services business for approximately $500 million, expected to close in Q4 2026.
Analysis · MSI · Manufacturing
Motorola Solutions reported a strong first quarter, with sales up 7% and non-GAAP EPS increasing by 6% year-over-year. The company demonstrated robust demand, achieving a record Q1 ending backlog of $15.7 billion, an 11% increase from the prior year. This positive performance has led management to raise its full-year revenue and non-GAAP EPS guidance, signaling increased confidence in future profitability. Additionally, the company announced a significant agreement to acquire Bell Canada's LMR networks services business for approximately $500 million, which is expected to enhance its Software and Services segment and expand its market presence. These factors collectively present a positive outlook for investors.
At the time of this filing, MSI was trading at $417.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $72B. The 52-week trading range was $359.36 to $492.22. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.