Motorola Solutions, Inc. Financial Performance Summary

Motorola Solutions, Inc. 2026 Q2: Financial Performance summary

• Cash flow: Q2 operating cash flow was $469 million (+$197 million YoY) and free cash flow was $414 million (+$190 million YoY).
• GAAP EPS was $3.33 (up from $3.04); non-GAAP EPS was $4.41 (up $0.84, +24%).
• GAAP operating earnings were $809 million (25.8% of sales), up from 25.0% in the year-ago quarter.
• Non-GAAP operating earnings were just over $1 billion; non-GAAP operating margin was 32.9%, up 330 bps year-over-year.
• Operating margin expansion was 140 bps excluding the IEEPA tariff refunds, with higher sales and improved operating leverage partly offset by higher direct material costs.
• Products and Systems Integration revenue increased 15% year-over-year, with MCN exceeding expectations in public safety LMR and continued strength in Silvus; Software and Services revenue rose 10%.
• Q2 revenue grew 13% year-over-year, driven by double-digit growth in both segments and all 3 technologies.