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Motorola Solutions (MSI) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 7, 2026

Motorola Solutions (MSI) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), +7% from a year earlier and -20% from the quarter before. Operating margin was 19.3%, net earnings $368M (13.6% of revenue).

Revenue$2.7B
Year over year+7%
Quarter over quarter-20%
Operating margin19.3%
Net earnings$368M

Motorola Solutions, Q1 2026: revenue $2.7B (+7% year over year), operating margin 19.3%, net earnings $368M, operating cash flow $451M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$2.7B-20%+7%
Gross profit$1.4B-23%+5%
Operating profit$525M-44%-10%
Net earnings$368M-43%-15%
Operating cash flow$451M-64%-12%
Free cash flow$389M—-18%

What changed

Revenue was $2.7B in Q1 2026, up 7% year over year and down 20% from the previous quarter. Mission Critical Networks (MCN) was the largest line at 73% of revenue. Video added $0.07B year over year (up 16%), 37% of the total change.

Gross margin was 50.2%, down 1.2 points from Q1 2025. Operating profit was $0.53B, a 19.3% margin (down 3.7 points year over year). Operating profit fell $0.06B even though revenue rose $0.19B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+198%). Net earnings were $0.37B, down 15% year over year. The effective tax rate was 16.6%.

Operating cash flow was $0.45B (down 12% year over year), 123% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items used $0.16B. After capital expenditures ($0.06B), free cash flow as the company reports it was $0.39B.

Questions

What was Motorola Solutions' revenue in the first quarter 2026?

Motorola Solutions (MSI) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), +7% from a year earlier and -20% from the quarter before.

Was Motorola Solutions profitable in the first quarter 2026?

Operating profit was $525M (19.3% of revenue) and net earnings $368M.

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Source: Motorola Solutions 10-Q on SEC EDGAR.