Motorola Solutions, Inc. New (MSI)

Motorola Solutions reported second-quarter 2026 sales of $3.1 billion on 5 August, up 13 percent from a year earlier 1. Products and Systems Integration sales rose 15 percent and Software and Services sales rose 10 percent 1.

Backlog, the orders received and believed firm, ended the quarter at a record $15.6 billion, up 11 percent 13. The company said growth in radio systems and video security drove the hardware segment 1.

A refund of $60 million on tariffs that the U.S. Supreme Court invalidated lifted the quarter's operating margin by 190 basis points (hundredths of a percentage point), the company said 1.

The company agreed to buy D-Fend Solutions, a maker of counter-drone technology, for $1.5 billion 1. The quarterly report says the purchase is expected to be completed in the second half of 2026 2.

Chairman and chief executive Greg Brown said record second-quarter orders were driving "very strong momentum" into the second half of the year 1. The open question is whether that order strength turns into sales on the schedule the company has set 1.

Motorola Solutions says its business grew from nearly 100 years of close work with customers, and it now serves more than 100,000 customers in over 100 countries 3.

Its older core is land mobile radio, the two-way radios that police, fire and utility crews carry 3. The company then widened into video security and command center software, partly by buying other firms 3.

Net sales were $9,978 million in 2023, $10,817 million in 2024 and $11,682 million in 2025 3. Each of the last two years rose 8 percent 3.

Growth in 2024 came from radios and video, while Airwave services shrank after the Competition and Markets Authority put the service under a price control 3.

In 2024 and 2025 the company bought smaller software firms, including Noggin in July 2024 and RapidDeploy in February 2025 3. Noggin sells crisis-planning software and RapidDeploy sells cloud 911 software 3.

The company reports two segments, hardware-led Products and Systems Integration and Software and Services, and in 2025 the software side grew faster, 13 percent against 5 percent 3.

After buying Silvus, the company renamed its land mobile radio line Mission Critical Networks and now reports sales under that name 3.

The largest purchase in the company's list of recent acquisitions was Silvus Technologies, a designer of mobile radio networks, bought on 6 August 2025 for $4.4 billion 3.

In 2025 net sales rose by $865 million, or 8 percent, including $262 million from acquisitions in the hardware segment and $120 million in the software segment 3.

The company also recorded gains of $61 million in 2024 and $157 million in 2025 from its court case against Hytera, a named competitor, over stolen trade secrets 3.

Two segments

In 2025 Products and Systems Integration, the hardware side, had sales of $7.3 billion, 62 percent of the total 3. Software and Services had sales of $4.4 billion, 38 percent 3.

Mission Critical Networks

Mission Critical Networks sells two-way radios, the systems that connect them and, since the Silvus purchase, mobile radio networks for defense users who work without fixed towers 3.

The company says this technology made up 84 percent of hardware segment sales and 58 percent of Software and Services sales in 2025 3. The services side covers repair, monitoring and software upgrades for systems that often last many years 3.

The annual report names Airbus, L3Harris Technologies, Hytera and Sepura among its rivals here 3.

Video Security and Access Control

This line covers AI-powered cameras, body cameras, door access control and the software that stores and searches the footage 3. It made up 16 percent of hardware segment sales and 21 percent of Software and Services sales in 2025 3.

Named rivals include Axon Enterprise, Verkada, Genetec and Hikvision 3.

Command Center

Command Center is software that supports the whole public safety workflow, from the first 911 call through case closure 3. It made up 21 percent of Software and Services sales in 2025 3.

Named rivals include Tyler Technologies, Mark43 and RapidSOS 3.

Sites, people and customers

The company employed about 23,000 people at the end of 2025, and about 40 percent of them worked in research and engineering 3.

Its largest listed site is Elgin, Illinois, with 301 thousand square feet leased for making and shipping equipment 3. Its one owned site among the material properties is Allen, Texas, at 138 thousand square feet 3.

Greg Brown is chairman and chief executive 1. The U.S. government is the largest customer at about 8 percent of 2025 net sales, and its contracts can be cancelled at the government's convenience 3.

The umbrella, in words

The company lists its major subsidiaries in Exhibit 21, not all of them 4. The list names, among others, Avigilon, Pelco, WatchGuard Video, Openpath, RapidDeploy, Silvus Technologies and Kodiak Networks 4.

The company bought Blue Eye on 18 November 2025 for $79 million and Theatro on 6 March 2025 for $174 million, so it owns both 3. Blue Eye sells remote video monitoring and Theatro sells voice software for frontline workers 3.

D-Fend is the subject of a signed purchase agreement dated 31 May 2026 and is not yet a holding 2.

The company registers common stock of $0.01 par value on the New York Stock Exchange 5.

For the third quarter of 2026 the company expects revenue growth of about 8 percent and non-GAAP earnings per share, which leave out some items the company sets aside, between $4.39 and $4.44 1.

For the full year 2026 it now expects revenue of about $12.975 billion, up from its earlier $12.8 billion, and non-GAAP earnings per share between $17.62 and $17.72 1.

The annual report says the company expects to keep developing ways to offset higher costs for materials and components, which it largely offset during the year 3.

The company expects the D-Fend purchase to be completed in the second half of 2026 2.

On 9 September 2026 the board raised the share repurchase program by up to $2.0 billion, to a total of $20 billion with no expiration date 5.

It closed a public offering of $350 million of 4.850 percent notes due 2029 and $600 million of 5.650 percent notes due 2036 on 17 August 2026 6.