| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 24 | 36.6x | 17.8x | Bottom tier | |
Growth | 64 | 10.3% | 7.1% | Around median | |
Quality | 92 | 21.4% | 4.5% | Top tier | |
Safety | 64 | 2.1x | 2.6x | Around median | |
Capital Return | 40 | 1.01% | 2.12% | Around median | |
Momentum | 64 | -2.3% | 2.9% | Around median | |
Sentiment | 47 | 9 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Motorola Solutions is a company specializing in the safety and security ecosystem, generating revenue from mission-critical communications networks, radios and infrastructure, video solutions, command center software, and multiyear service contracts. It operates through two segments: Products and Systems Integration, and Software and Services, while its main technologies include mission-critical communications networks MCN, video, and command centers. This model supports a mix of device and project sales, software subscriptions, and services related to infrastructure and P25 and LMR networks.
In fiscal year 2026 quarter 2, revenue reached $3.1 billion, up 13% year over year, and gross profit was $1.7 billion, equivalent to a gross margin of approximately 54.8%. Net income reached $557 million, GAAP earnings per share were $3.33, and GAAP operating margin was 25.8%. On an adjusted basis, earnings per share were $4.41 and operating margin increased to 32.9%, with results benefiting from $60 million in IEEPA tariff refunds; even excluding them, adjusted operating margin expanded by 140 basis points.
The Products and Systems Integration segment grew 15% in fiscal year 2026 quarter 2, supported by MCN and video and strong demand for LMR and Silvus, with an operating margin of 31.4%. The Software and Services segment grew 10% across all three technologies, with an operating margin of 35.3%. Geographically, North America generated $2.2 billion in revenue, up 9%, while international revenue reached $923 million, up 25%.
The analyst consensus on MSI stock is “Buy,” with an average price target of $525 and a target range of $476 to $550. The average target is above the 52-week high of $493.57, but the low-end target is below it, reflecting differing estimates of the potential growth from LMR, Silvus, and D-Fend and the risks from memory costs and debt. The data do not include a usable earnings multiple, so the valuation assessment is based on the 52-week range of $359.36–$493.57 and the distribution of analyst targets rather than concluding that the stock is cheap or expensive based on an unavailable multiple.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Motorola Solutions' revenue increased 13% to $3.1 billion, with net income of $557 million and earnings per share of $3.33. The Products and Systems Integration segment grew 15% due to LMR demand and Silvus strength, while the Software and Services segment grew 10%. Adjusted operating margin expanded to 32.9%, or by 140 basis points after excluding the benefit from $60 million in IEEPA refunds. Backlog also reached a second-quarter record of $15.6 billion.
APX NEXT represents an upgrade to mission-critical communications devices with applications such as SmartConnect, Smart Programming, and Location, and the company is targeting 300,000 subscribers by the end of fiscal year 2026 versus approximately 200,000 at the end of fiscal year 2025. The application subscription business is approaching $100 million in annual recurring revenue, with application pricing of approximately $300 annually. D-Series is the first infrastructure upgrade for P25 networks in 12 years, and shipments of the UHF version began in fiscal year 2026 quarter 4 according to the call. D-Series projects support five- or ten-year software and service contracts, linking infrastructure sales to subsequent recurring revenue.
Automated analysis for informational purposes only — not investment advice.
Silvus generated approximately $210 million in revenue in fiscal year 2026 quarter 1 and approximately $230 million in the second quarter, and the company raised its annual revenue forecast to nearly $850 million. Management said the performance reflects market-share gains more than expansion caused by an increase in the size of the addressable market. The company added capacity at its Los Angeles site and doubled the sales team, with a new facility in Salt Lake City expected to begin contributing during 2027. The technology is based on Spectrum Dominance 2.0 and high-bandwidth, jam-resistant MANET communications designed for unmanned systems and battlefield communications.
Motorola Solutions completed the acquisition of D-Fend Solutions for $1.5 billion on August 25, 2026. D-Fend adds capabilities to detect, track, and identify drones, then neutralize them through cyber takeover of the communications link without kinetic means. These capabilities complement Silvus, which focuses on unmanned-systems and defense communications, while D-Fend targets public safety and critical infrastructure. Financing for the transaction was linked to a plan to raise approximately $1 billion in additional debt, with an expected net debt-to-EBITDA ratio of approximately two times at the end of fiscal year 2026.
The company expects direct memory spending to increase to approximately $150 million in fiscal year 2026, compared with approximately $50 million in fiscal year 2025. Much of the increase falls in the second half because of inventory timing, and the company carried higher inventory to ensure continuity of supply. Motorola Solutions implemented selective price increases on video products with high memory content, including video servers. Despite an improvement in the impact of tariffs, management expects gross margin to remain similar to the prior year, with full-year operating margin expanding by approximately 170 basis points.
On August 5, 2026, the company raised its revenue forecast to approximately $12.975 billion, compared with a previous forecast of $12.8 billion. It also raised its adjusted earnings per share range to $17.62–$17.72 from $16.87–$16.99. Management expects 11% growth in both the Products and Systems Integration segment and the Software and Services segment, with MCN growing between 10% and 11%, video by 11%, and command centers by approximately 15%. For fiscal year 2026 quarter 3, the company projected sales growth of approximately 8% and adjusted earnings per share of $4.39 to $4.44.
