Company file · MSI

Motorola Solutions

Motorola Solutions' revenue rose 8.0% in FY2025, to $11.7B, and net income rose 36.6% to $2.2B

Revenue rose 8.0% to $11.7B in FY2025, from $10.8B in FY2024. Net income rose 36.6% to $2.2B. Product and Systems Integration was the largest segment, at 62% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Feb 12, 2026) · Latest quarter: 10-Q for the quarter ended Jul 4, 2026 (filed Aug 5, 2026) · Data pulled Oct 30, 2026

Key facts

Motorola Solutions (NYSE: MSI) closed fiscal 2025 on Dec 31, 2025 with revenue of $11.7B, up 8.0% from a year before; net income came to $2.2B, up 36.6%. Its newest quarterly report covers the three months to Jul 4, 2026: revenue of $3.1B, up 13.3% on the same stretch of the prior year, and net income of $557M. Broken down by segment, Product and Systems Integration led with 62% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 12, 2026) and 10-Q for the quarter ended Jul 4, 2026 (filed Aug 5, 2026).

Revenue$11.7BFY2025 · +8.0% vs FY2024

Net income$2.2BFY2025 · +36.6% vs FY2024

Operating cash flow$2.8BFY2025 · +18.7% vs FY2024

Cash & equivalents$710Mat Jul 4, 2026 · −39.1% vs FY2025 end

Total debt$9.0Bat Jul 4, 2026 · −1.4% vs FY2025 end

Diluted shares169MFY2025 avg · −1.1% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Feb 12, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q2, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed May 7, 2026 · 10-Q filed Aug 5, 2026

How it makes money

By segment, FY2025

LineAmountSharevs FY2024
Product and Systems Integration$7.3B62%+5.4%
Services and Software$4.4B38%+12.6%

Source: 10-K FY2025, XBRL breakdown

By segment in FY2025: Product and Systems Integration (62%) and Services and Software (38%), as shares of total revenue. Total revenue was $11.7B.

By segment: three-year mixShare of the total each fiscal year

FY2023

63%37%

FY2024

64%36%

FY2025

62%38%

Product and Systems IntegrationServices and Software

Source: 10-K FY2025

By product or service, FY2025

Products$6.8B58%+4.9%

Services$4.9B42%+12.6%

Share is of the FY2025 total; the last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q2 FY2026 (Apr to Jun 2026) compared with Q2 FY2025 (Apr to Jun 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q2 FY2026Q2 FY2025

Company

Revenue

$3.1B Q2 FY2026

$2.8B Q2 FY2025

13.3% increase

Net income

$557M Q2 FY2026

$513M Q2 FY2025

8.6% increase

Source: Motorola Solutions 10-Q for the quarter ended Jul 4, 2026, filed Aug 5, 2026

By segment

Product and Systems Integration

$1.9B Q2 FY2026

$1.7B Q2 FY2025

15.4% increase

Services and Software

$1.2B Q2 FY2026

$1.1B Q2 FY2025

10.2% increase

Source: Motorola Solutions 10-Q for the quarter ended Jul 4, 2026, filed Aug 5, 2026

Cash & equivalents $710M at Jul 4, 2026, vs $1.2B at FY2025 end.
Total debt $9.0B at Jul 4, 2026, vs $9.2B at FY2025 end.
Operating cash flow, first 6 months of fiscal 2026: $920M vs $783M a year earlier.

The bull case and the bear case

The bull case

Revenue rose 8.0% in FY2025 to $11.7B, from $10.8B a year earlier. 10-K, FY2025
Net income rose 36.6% in FY2025 to $2.2B, from $1.6B. 10-K, FY2025
Operating cash flow rose 18.7% in FY2025 to $2.8B. 10-K, FY2025
Diluted shares fell 1.1% in FY2025, so each share represents a larger slice of profit. 10-K, FY2025

The bear case

Total debt rose 52.8% in FY2025 to $9.2B. 10-K, FY2025
The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include competition; customer demand; security and privacy. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Motorola Solutions is in the communications equipment industry, part of the information technology sector. The SEC files it under Radio & Tv Broadcasting & Communications Equipment.

Motorola Solutions reports 2 segments: Product and Systems Integration and Services and Software.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the communications equipment industry. They are not a summary of Motorola Solutions’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

CompetitionTechnology markets move fast, and rivals large and small can change prices or products.
Customer demandSpending by customers on technology rises and falls with their budgets and the economy.
Security and privacyCyberattacks, outages and data-privacy rules can raise costs or harm customer trust.
Supply and tradeReliance on suppliers and exposure to tariffs or export rules can limit what it can sell or build.
Intellectual propertyPatent claims and licensing disputes can lead to costs or limits on products.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$10.0B	$10.8B	$11.7B
Net income	$1.7B	$1.6B	$2.2B
Operating cash flow	$2.0B	$2.4B	$2.8B
Cash & equivalents (year end)	$1.7B	$2.1B	$1.2B
Total debt (year end)	$6.0B	$6.0B	$9.2B
Diluted shares	172M	171M	169M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: Short-term borrowings and the current part of long-term debt plus long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator

About these numbers

Recent filings

Form	Filed	Period
10-Q	Aug 5, 2026	Jul 4, 2026
10-Q	May 7, 2026	Apr 4, 2026
DEF 14A	Apr 2, 2026	May 18, 2026
10-K	Feb 12, 2026	Dec 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Motorola Solutions

How does Motorola Solutions make money?

Fiscal 2025 revenue: $11.7B. By segment in FY2025: Product and Systems Integration (62%) and Services and Software (38%), as shares of total revenue. Total revenue was $11.7B. Source: 10-K for fiscal 2025, filed Feb 12, 2026.

What was Motorola Solutions's revenue in fiscal 2025?

$11.7B, up 8.0% from fiscal 2024 ($10.8B). The year ended Dec 31, 2025; for fiscal 2023 the figure was $10.0B. Source: 10-K for fiscal 2025, filed Feb 12, 2026.

Is Motorola Solutions profitable?

Net income was $2.2B in fiscal 2025 (up 36.6%; fiscal 2024 was $1.6B). That counts as a GAAP profit. The latest quarter, ended Jul 4, 2026: net income was $557M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 12, 2026.

What did Motorola Solutions report in its latest quarterly filing?

For the three months to Jul 4, 2026: revenue $3.1B (up 13.3% from $2.8B) and net income $557M (up 8.6% from $513M). Source: 10-Q for the quarter ended Jul 4, 2026, filed Aug 5, 2026.

How much cash and debt does Motorola Solutions have?

As of Jul 4, 2026: $710M of cash and cash equivalents, $9.0B of total debt. Total debt here is short-term borrowings and the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Aug 5, 2026.

What are the main risks Motorola Solutions faces?

Motorola Solutions's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 12, 2026. Risks that are common among companies in the communications equipment industry include Competition; customer demand; security and privacy; supply and trade; intellectual property. The first: Technology markets move fast, and rivals large and small can change prices or products. Source: 10-K, Item 1A Risk Factors.

Where do these Motorola Solutions numbers come from?

The 10-K filed Feb 12, 2026 (fiscal 2025) and the 10-Q filed Aug 5, 2026 (quarter ended Jul 4, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.

Disclosures

Editor holdings in MSI: The editor holds no position in Motorola Solutions (MSI). As of Oct 25, 2026.
Trading rule: The editor does not buy or sell MSI from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Oct 30, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold MSI, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Motorola SolutionsMSI	FY2025	$11.7B	+8.0%	$2.2B
CiscoCSCO	FY2026	$63.3B	+11.8%	$13.3B
Arista NetworksANET	FY2025	$9.0B	+28.6%	$3.5B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.