Motorola Solutions Q3 2026: sales up 12.2%, backlog at a record $16.6 billion
Motorola Solutions grew revenue 12.2% to $3.38 billion and raised full-year guidance again, with record Q3 orders pushing backlog to $16.6 billion. The catch is that GAAP EPS fell 8.1% to $3.06 while non-GAAP EPS rose 15.5% to $4.69 — a $1.63-a-share gap made up of earnout, amortization and stock comp. Read growth and backlog as the signal, and the GAAP decline as accounting plus one real earnout charge.
1 · Expected vs. Actual
Free preview belowGAAP EPS fell 8.1% to $3.06 even as sales grew, because $1.63 a share of items — $0.62 of stock comp, $0.58 of amortization and $0.52 from a bigger Silvus earnout — were stripped out to reach the $4.69 non-GAAP figure. The earnout charge is the one item that says something real: Silvus is performing better than planned, so the company booked a larger liability. The GAAP tax rate also rose to 24.2% from 22.2%.
Sales rose 12.2% to $3.38 billion, with products at $2.00 billion and services at $1.38 billion, and gross margin improved to 52.4% from 51.6%. Only 5.4% of the growth was organic: acquisitions added $323 million of sales and currency added $11 million. By technology, Mission Critical Networks supplied $2.51 billion of the total, Video $594 million and Command Center $271 million — a split that cuts across the two reporting segments.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-04
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