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Nokia vs Motorola Solutions: NOK and MSI compared
Nokia is the larger company: $5.2B of revenue in its latest quarter (Q3 2026) against $3.4B for Motorola Solutions (Q3 2026). Motorola Solutions is more profitable, with an operating margin of 23.0% against 3.8%.
Where the money goes: NOK and MSI
Nokia (NOK) · Q3 2026
Nokia, Q3 2026: revenue $5.2B, operating margin 3.8%, net earnings $156M. 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.
| Nokia (NOK) | Motorola Solutions (MSI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $5.2B | $3.4B |
| Revenue growth, Y/Y | — | +12% |
| Gross margin | — | 52.4% |
| Operating margin | 3.8% | 23.0% |
| Net earnings | $156M | $514M |
| Net margin | 3.0% | 15.2% |
| Operating cash flow | — | $662M |
| Free cash flow | — | $589M |
| Market value | — | $86.4B |
| P/E | — | 41.5× |
| Analysts’ mean target | — | $547.18 |
Where the revenue comes from
Motorola Solutions
- Mission Critical Networks (MCN): $2.5B (74%)
- Video: $594M (18%)
- Command Center: $271M (8%)
Questions
Which is bigger, Nokia or Motorola Solutions?
Nokia is the larger company: $5.2B of revenue in its latest quarter (Q3 2026) against $3.4B for Motorola Solutions (Q3 2026).
Is Nokia or Motorola Solutions growing faster?
Motorola Solutions is more profitable, with an operating margin of 23.0% against 3.8%.
More: Nokia earnings · how Nokia 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 22, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.