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Ericsson LM Telephone vs Motorola Solutions: ERIC and MSI compared
Ericsson LM Telephone is the larger company: $59.5B of revenue in its latest quarter (Q3 2026) against $3.4B for Motorola Solutions (Q3 2026). Motorola Solutions is growing faster (+12% against +6% a year earlier). Motorola Solutions is more profitable, with an operating margin of 23.0% against 6.1%.
Where the money goes: ERIC and MSI
Ericsson LM Telephone (ERIC) · Q3 2026
Ericsson LM Telephone, Q3 2026: revenue $59.5B (+6% year over year), operating margin 6.1%, net earnings $5.8B, operating cash flow $6.5B. The chart follows the revenue to costs, profit and cash.
Motorola Solutions (MSI) · Q3 2026
Motorola Solutions, Q3 2026: revenue $3.4B (+12% year over year), operating margin 23.0%, net earnings $514M, operating cash flow $662M. The chart follows the revenue to costs, profit and cash.
| Ericsson LM Telephone (ERIC) | Motorola Solutions (MSI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $59.5B | $3.4B |
| Revenue growth, Y/Y | +6% | +12% |
| Gross margin | — | 52.4% |
| Operating margin | 6.1% | 23.0% |
| Net earnings | $5.8B | $514M |
| Net margin | 9.7% | 15.2% |
| Operating cash flow | $6.5B | $662M |
| Free cash flow | — | $589M |
| Market value | — | $86.4B |
| P/E | — | 41.5× |
| Analysts’ mean target | — | $547.18 |
Where the revenue comes from
Ericsson LM Telephone
- Americas: $19.8B (33%)
- Europe, Middle East and Africa¹⁾²⁾: $17.5B (29%)
- Other¹⁾²⁾: $8.9B (15%)
- South East Asia, Oceania and India: $8.8B (15%)
Motorola Solutions
- Mission Critical Networks (MCN): $2.5B (74%)
- Video: $594M (18%)
- Command Center: $271M (8%)
Questions
Which is bigger, Ericsson LM Telephone or Motorola Solutions?
Ericsson LM Telephone is the larger company: $59.5B of revenue in its latest quarter (Q3 2026) against $3.4B for Motorola Solutions (Q3 2026).
Is Ericsson LM Telephone or Motorola Solutions growing faster?
Motorola Solutions is growing faster (+12% against +6% a year earlier).
Which is more profitable, Ericsson LM Telephone or Motorola Solutions?
Motorola Solutions is more profitable, with an operating margin of 23.0% against 6.1%.
More: Ericsson LM Telephone earnings · how Ericsson LM Telephone makes money · Motorola Solutions earnings · how Motorola Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Oct 15, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.