Q3 25 EPS
$4.06
BEAT +5.45%
Est. $3.85
Q3 25 Revenue
$3.01B
BEAT +0.68%
Est. $2.99B
vs S&P Since Q3 25
-15.4%
TRAILING MARKET
MSI -7.8% vs S&P +7.6%
Market Reaction
Did MSI Beat Earnings? Q3 2025 Results
Motorola Solutions capped a record third quarter with $3.01 billion in revenue, up 8% year-over-year, and non-GAAP EPS of $4.06, as broad demand for its safety and security technology portfolio drove gains across both business segments. The single bi… Read more Motorola Solutions capped a record third quarter with $3.01 billion in revenue, up 8% year-over-year, and non-GAAP EPS of $4.06, as broad demand for its safety and security technology portfolio drove gains across both business segments. The single biggest story of the quarter was the closing of the $4.40 billion acquisition of Silvus Technologies, a maker of advanced tactical MANET radios, which immediately contributed $123 million in revenue and landed its first $10 million NATO order, signaling early commercial traction in defense communications. Non-GAAP operating margin expanded 80 basis points to 30.5%, reflecting improved operating leverage even as tariff costs created modest headwinds. Record ending backlog of $14.60 billion, up 3% year-over-year, underscores the durability of the pipeline, and analysts tracking the broader semiconductor and communications hardware space, including adjacent chip sector earnings, are watching infrastructure spending trends closely. Looking ahead, Motorola raised its full-year non-GAAP EPS guidance to $15.09–$15.15 while maintaining revenue guidance of approximately $11.65 billion.
Key Takeaways
- • Growth in Mission Critical Networks (MCN) and Video Security and Access Control in Products and Systems Integration
- • Growth in MCN, Command Center, and Video in Software and Services
- • Revenue contribution of $123 million from acquisitions (primarily Silvus Technologies)
- • Record Q3 ending backlog of $14.6 billion, up $467 million year-over-year
- • Non-GAAP operating margin expanded 80 basis points to 30.5% from improved operating leverage
- • Record Q3 operating cash flow of $799 million, up $40 million year-over-year
- • $21 million foreign currency tailwind in the quarter
MSI YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
MSI Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our Q3 was outstanding, with record third-quarter revenue, earnings and cash flow. Demand for our safety and security solutions remains robust and our Silvus acquisition is off to a strong start. As a result, we're again raising our earnings expectations for the year.”
— Greg Brown, Q3 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% |