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Motorola Solutions (MSI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Motorola Solutions (MSI) Q3 2026 earnings results →
Q3 2026 Revenue up 12% year over year to $3.4B · 15¢ of every $1 of revenue kept as net profit · operating margin 23.0%
Motorola Solutions made $3.4B in Q3 2026 (+12% Y/Y): Mission Critical Networks (MCN) $2.5B, Video $594M, Command Center $271M. Operating margin 23.0%, net earnings $514M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $3.4B in Q3 2026, up 12% year over year and up 8% from the previous quarter. Mission Critical Networks (MCN) was the largest line at 74% of revenue. Mission Critical Networks (MCN) added $0.27B year over year (up 12%), 74% of the total change.
Gross margin was 52.4%, up 0.7 points from Q3 2025. Operating profit was $0.78B, a 23.0% margin (down 2.6 points year over year). Of the extra revenue versus Q3 2025, 2% reached operating profit, below the 26% margin then. Operating expenses grew 26% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+240%). Net earnings were $0.51B, down 9% year over year. The effective tax rate was 24.2%.
Operating cash flow was $0.66B (down 17% year over year), 129% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items used $0.10B. After capital expenditures ($0.07B), free cash flow as the company reports it was $0.59B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $3.4B | +12% | 23.0% | $514M | $662M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $3.1B | +13% | 25.8% | $558M | $469M |
| Q1 2026 | 10-Q | May 7, 2026 | $2.7B | +7% | 19.3% | $368M | $451M |
| Q4 2025 | 10-K | Feb 12, 2026 | $3.4B | +12% | 27.9% | $650M | $1.3B |
| Q3 2025 | 10-Q | Oct 30, 2025 | $3.0B | +8% | 25.6% | $564M | $798M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $2.8B | +5% | 25.0% | $515M | $273M |
| Q1 2025 | 10-Q | May 1, 2025 | $2.5B | +6% | 23.0% | $432M | $510M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- U.S. government — 8% of its revenue · Stated in 10-K (sentence) · source
- BKTI · Stated in 10-K (named, share not stated) · source
About Motorola Solutions
Motorola Solutions is a global leader in mission-critical safety and security technologies for public safety, government, including defense, and enterprise customers. Our business is focused on safety and security, driven by our commitment to help create safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Grounded in nearly 100 years of close customer and community collaboration, we design and advance technology for more than 100,000 customers in over 100 countries with the goal of making everywhere safer for all.
In its own words, from its 10-K, filed Feb 12, 2026.
Motorola Solutions against its Radio & Tv Broadcasting & Communications Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +12%. Operating margin: 23.0% against the peers' median 7.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MSI Motorola Solutions | Q3 2026 | $3.4B | +12% | 23.0% |
| QCOM Qualcomm | Q4 FY26 | $10.3B | -8% | 13.1% |
| UI Ubiquiti | Q1 FY27 | $1.0B | +40% | 38.1% |
| VISN Vistance Networks | Q3 2026 | $320M | -38% | 7.2% |
| HLIT Harmonic | Q3 2026 | $149M | +64% | 17.6% |
| AVNW Aviat Networks | Q4 FY26 | $121M | +5% | 4.8% |
| PL Planet Labs PBC | Q2 FY27 | $116M | +58% | -11.6% |
| CMTL Comtech Telecommunications | Q3 FY26 | $106M | -16% | -2.9% |
| ONDS Ondas | Q2 2026 | $83.8M | 13× | -194.5% |
Source: Motorola Solutions 10-Q on SEC EDGAR · CIK 68505 · Radio & Tv Broadcasting & Communications Equipment
Guidance and outlook
13F: who owns MSI and who is buying
More on MSI
- How Motorola Solutions makes money: revenue by segment
- Motorola Solutions next earnings date and what analysts expect
- Motorola Solutions stock forecast, price target and fair value
- Who owns Motorola Solutions stock: holders, funds and Congress trades
- Motorola Solutions guidance and outlook
- Is Motorola Solutions a takeover target? LBO and rumors
- Motorola Solutions recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Motorola Solutions guidance history: guided vs reported
- Motorola Solutions gross margin by quarter
- Motorola Solutions operating margin by quarter
- Motorola Solutions net income by quarter
- Motorola Solutions free cash flow by quarter
- Motorola Solutions R&D spending by quarter
- Motorola Solutions capital expenditures by quarter
- Motorola Solutions Mission Critical Networks (MCN) revenue by quarter
- Motorola Solutions Video revenue by quarter
- Motorola Solutions Command Center revenue by quarter