Q2 25 EPS
$3.57
BEAT +6.21%
Est. $3.36
Q2 25 Revenue
$2.77B
BEAT +1.18%
Est. $2.73B
vs S&P Since Q2 25
-27.7%
TRAILING MARKET
MSI -12.6% vs S&P +15.1%
Market Reaction
Did MSI Beat Earnings? Q2 2025 Results
Motorola Solutions posted a strong second quarter, with non-GAAP earnings of $3.57 per share coming in 6.21% ahead of the $3.36 consensus estimate, while revenue climbed 5.2% year-over-year to $2.77 billion, edging past the $2.73 billion Wall Street … Read more Motorola Solutions posted a strong second quarter, with non-GAAP earnings of $3.57 per share coming in 6.21% ahead of the $3.36 consensus estimate, while revenue climbed 5.2% year-over-year to $2.77 billion, edging past the $2.73 billion Wall Street had expected. The standout driver was the Software and Services segment, which surged 15% to $1.11 billion on broad strength in Land Mobile Radio, Video Security and Access Control, and Command Center technologies, a mix that also helped expand non-GAAP operating margin by 80 basis points to 29.6%. Free cash flow doubled to $224 million, and the company closed the quarter with a record backlog of $14.10 billion. The most consequential development, however, came just after quarter-end: the $4.40 billion acquisition of Silvus Technologies, which prompted management to raise full-year revenue guidance to approximately $11.65 billion and lift non-GAAP EPS guidance to $14.88–$14.98. Some analysts have flagged the stock's premium valuation as a risk, but the raised outlook, including $185 million in expected Silvus revenue for the remainder of 2025, suggests management sees the growth runway as intact.
Key Takeaways
- • Software and Services segment grew 15%, driven by growth in LMR, Video Security and Access Control, and Command Center
- • Record Q2 orders driving backlog of $14.1 billion
- • Higher earnings and improved working capital drove operating cash flow increase of $92 million year-over-year
- • Improved operating leverage driving GAAP operating margin expansion to 25.0% from 24.5%
- • Non-GAAP operating margin expanded 80 basis points to 29.6%
- • Revenue from acquisitions contributed $39 million; foreign currency tailwinds of $9 million
- • Organic revenue growth of 4%
MSI YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
MSI Revenue by Segment
With YoY comparisons, source: SEC Filings
“Q2 was outstanding, with record second-quarter revenue and earnings.”
— Greg Brown, Q2 2025 Earnings Press Release
MSI Earnings Trends
MSI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MSI EPS Trend
Earnings per share: estimate vs actual
MSI Revenue Trend
Quarterly revenue: estimate vs actual
MSI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $3.25 | $3.37 | +3.83% | $2.71B | +0.52% |
| Q4 25 BEAT FY | $4.35 | $4.59 | +5.44% | $3.38B | +1.05% |
| FY Full Year | $15.16 | $15.38 | +1.48% | $11.68B | +0.32% |
| Q3 25 BEAT | $3.85 | $4.06 | +5.45% | $3.01B | +0.68% |
| Q2 25 BEAT | $3.36 | $3.57 | +6.21% | $2.77B | +1.18% |
| Q1 25 BEAT | $3.01 | $3.18 | +5.66% | $2.53B | +0.42% |