MSI Motorola Solutions (MSI) Q3 FY25 earnings call
Motorola Solutions delivered a strong Q3 FY25, driven by robust software and services growth and record orders, leading to an all-time high backlog. The company raised its full-year EPS guidance, demonstrating confidence in its portfolio and operational leverage, despite potential short-term impacts from the government shutdown and ongoing tariff headwinds. Management anticipates continued strong revenue and earnings growth into FY26, fueled by strategic investments in AI and new technologies like Silvus.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
MSI operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | This call Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Backlog | $14.7BAdditionally, we generated Q4 record operating earnings in both segments and ended the year with record backlog of $14.7 billion, up $438 million, inclusive of $226 million of unfavorable currency rates.Source: earnings call transcript | $14.1BEnding backlog for Q1 was $14.1 billion, down $306 million or 2% versus last year, driven by strong LMR shipments and revenue recognition from the UK Home Office, partially offset by strong growth across all 3 technologies within software and services.Source: earnings call transcript | $14.1BEnding backlog for Q2 was $14.1 billion, up $150 million versus last year and up $19 million sequentially driven by strong demand, including record Q2 orders, which were up double digits in both of our segments.Source: earnings call transcript | $14.6BWe also ended the quarter with our highest Q3 ending backlog ever of $14.6 billion, up $467 million versus last year, which included a record $11 billion of S&S backlog that is increasingly driven by our Command Center and video solutions.Source: earnings call transcript | $15.7BWe also grew orders by 26% and ended the year with our highest ever backlog of $15.7 billion, up $1 billion year-over-year.Source: earnings call transcript | $15.7BOur record Q1 orders grew 38%, contributing to a record Q1 ending backlog position of $15.7 billion, up 11% versus a year ago.Source: earnings call transcript | $15.6BAs a result, we achieved a record Q2 ending backlog of $15.6 billion, which is up 11% versus a year ago.Source: earnings call transcript | -0.6% |
| Backlog Software and Services | $10.6BWe also finished the year with S&S backlog of $10.6 billion, up 14%, including record backlog in all three technologies, which is informing our guide for another strong year of growth in 2025.Source: earnings call transcript | — | $10.7BSecond, investments in public safety and security continue to be a priority for our customers, highlighted by our record Q2 orders, up 27% versus last year, inclusive of 10% growth in products, we also ended the quarter with over $14.1 billion of backlog, including $10.7 billion of software and services backlog, which is our highest S&S backlog ever and up $1 billion versus last year.Source: earnings call transcript | $11BWe also ended the quarter with our highest Q3 ending backlog ever of $14.6 billion, up $467 million versus last year, which included a record $11 billion of S&S backlog that is increasingly driven by our Command Center and video solutions.Source: earnings call transcript | — | — | — | +2.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.