Filing Flows › Comparisons › QCOM vs MSI
Qualcomm vs Motorola Solutions: QCOM and MSI compared
Qualcomm is the larger company: $10.3B of revenue in its latest quarter (Q4 FY26) against $3.4B for Motorola Solutions (Q3 2026). Motorola Solutions is growing faster (+12% against -8% a year earlier). Motorola Solutions is more profitable, with an operating margin of 23.0% against 13.1%.
Where the money goes: QCOM and MSI
Qualcomm (QCOM) · Q4 FY26
Qualcomm, Q4 FY26: revenue $10.3B (-8% year over year), operating margin 13.1%, net earnings $1.3B, operating cash flow $2.7B. 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.
| Qualcomm (QCOM) | Motorola Solutions (MSI) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $10.3B | $3.4B |
| Revenue growth, Y/Y | -8% | +12% |
| Gross margin | — | 52.4% |
| Operating margin | 13.1% | 23.0% |
| Net earnings | $1.3B | $514M |
| Net margin | 12.1% | 15.2% |
| Operating cash flow | $2.7B | $662M |
| Free cash flow | $1.8B | $589M |
| Market value | $168.2B | $86.4B |
| P/E | 12.3× | 41.5× |
| Analysts’ mean target | $191.11 | $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, Qualcomm or Motorola Solutions?
Qualcomm is the larger company: $10.3B of revenue in its latest quarter (Q4 FY26) against $3.4B for Motorola Solutions (Q3 2026).
Is Qualcomm or Motorola Solutions growing faster?
Motorola Solutions is growing faster (+12% against -8% a year earlier).
Which is more profitable, Qualcomm or Motorola Solutions?
Motorola Solutions is more profitable, with an operating margin of 23.0% against 13.1%.
More: Qualcomm earnings · how Qualcomm makes money · Motorola Solutions earnings · how Motorola Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Nov 4, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.