Motorola Solutions Q2 FY2026: revenue up 13%, outlook raised again
Motorola Solutions beat on the bottom line and raised full-year targets again: non-GAAP EPS of $4.41 versus a $3.8899 consensus, on revenue of $3.13 billion, up 13.0%. Read the beat carefully — $0.25 per share came from a one-off tariff refund, and organic growth was 5.0% once $243 million of acquisitions are stripped out. The story is still strong on backlog and margins, but less explosive than the headline suggests.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $3.33 rose 10.0% and non-GAAP EPS of $4.41 rose 24.0%, beating the $3.8899 consensus by roughly 13.4%. The $60 million refund alone added $0.25 per share, so about 5.7% of that non-GAAP number is a one-time item. Strip it out and the beat is still real, just smaller.
Revenue was $3.13 billion, up 13.0% from $2.77 billion a year ago, and gross margin jumped to 53.6% from 51.1%. But $243 million of the increase came from acquisitions and $35 million from currency, leaving organic growth of just 5.0%. The margin lift also includes a $60 million IEEPA tariff refund booked straight into cost of sales.
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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 2026-09-17
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