Motorola Solutions (MSI) income statement
NYSE · Technology · Communication Equipment · 23,000 employees · CEO Gregory Q. Brown
- Price
- $491.53 -0.11%
- Market cap
- $81.3B
- Enterprise value
- $90.3B
- Last report
- Q2 '26 filed 2026-08-05
- Next report
- 2026-11-04 EPS est. $4.42
Motorola Solutions (MSI) reported revenue of $3.13B for Q2 '26 (+13.3% year on year), operating income of $809M (25.8% of revenue) and net income of $557M. Over the last four quarters revenue was $12.2B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.56B | $2.85B | $2.39B | $2.63B | $2.79B | $3.01B | $2.53B | $2.77B | $3.01B | $3.38B | $2.71B | $3.13B | |
| Cost of revenue | $1.28B | $1.39B | $1.2B | $1.29B | $1.36B | $1.46B | $1.23B | $1.35B | $1.51B | $1.73B | $1.43B | $1.46B | |
| Gross profit | $1.28B | $1.46B | $1.19B | $1.34B | $1.43B | $1.55B | $1.3B | $1.41B | $1.5B | $1.65B | $1.29B | $1.68B | |
| Research & development | $215M | $218M | $218M | $220M | $234M | $246M | $233M | $231M | $237M | $270M | $252M | $260M | |
| General & administrative | $380M | $423M | $397M | $430M | $439M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $46M | $76M | $58M | $45M | $49M | $2M | $49M | $40M | $0 | $0 | $0 | $113M | |
| Operating expenses | $641M | $717M | $673M | $695M | $722M | $735M | $718M | $721M | $720M | $768M | $691M | $869M | |
| Operating income | $639M | $738M | $519M | $644M | $711M | $814M | $582M | $692M | $782M | $879M | $595M | $809M | |
| Interest income | $7M | $11M | $17M | $18M | $15M | $18M | $18M | $16M | $17M | $7M | $7M | $6M | |
| Interest expense | $60M | $63M | $61M | $87M | $73M | $74M | $69M | $71M | $103M | $122M | $111M | $109M | |
| Other non-operating income (gains on investments, FX ...) | -$13M | -$55M | $548M | -$23M | -$57M | -$48M | -$34M | -$59M | -$46M | -$104M | $43M | -$42M | |
| Total non-operating income | -$47M | -$30M | -$609M | -$64M | -$16M | -$26M | -$35M | -$12M | -$57M | -$18M | -$154M | -$67M | |
| Income before tax | $592M | $708M | -$90M | $580M | $695M | $788M | $547M | $680M | $725M | $861M | $441M | $742M | |
| Income tax | $127M | $111M | -$52M | $135M | $132M | $176M | $115M | $165M | $161M | $211M | $73M | $184M | |
| Net income | $464M | $596M | -$39M | $443M | $562M | $611M | $430M | $513M | $562M | $649M | $366M | $557M | |
| EPS (basic) | $2.78 | $3.58 | -$0.23 | $2.65 | $3.36 | $3.66 | $2.58 | $3.08 | $3.37 | $3.90 | $2.21 | $3.36 | |
| EPS (diluted) | $2.70 | $3.47 | -$0.23 | $2.60 | $3.29 | $3.56 | $2.53 | $3.04 | $3.33 | $3.86 | $2.18 | $3.33 | |
| Shares (basic, weighted) | 167M | 166M | 166M | 167M | 167M | 167M | 167M | 167M | 167M | 166M | 166M | 166M | |
| Shares (diluted, weighted) | 172M | 172M | 166M | 170M | 171M | 171M | 170M | 169M | 169M | 168M | 168M | 167M | |
| Depreciation & amortization | $86M | $85M | $83M | $83M | $84M | $86M | $81M | $86M | $115M | $143M | $143M | $148M | |
| EBITDA | $738M | $878M | $54M | $750M | $852M | $948M | $697M | $837M | $943M | $1.13B | $695M | $999M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.04B | $6.38B | $7.34B | $7.89B | $7.41B | $8.17B | $9.11B | $9.98B | $10.8B | $11.7B | |
| Cost of revenue | $3.17B | $3.36B | $3.86B | $3.96B | $3.81B | $4.13B | $4.88B | $5.01B | $5.31B | $5.82B | |
| Gross profit | $2.87B | $3.02B | $3.48B | $3.93B | $3.61B | $4.04B | $4.23B | $4.97B | $5.51B | $5.86B | |
| Research & development | $553M | $568M | $637M | $687M | $686M | $734M | $779M | $858M | $917M | $971M | |
| General & administrative | $1.04B | $1.03B | $1.25B | $1.4B | $1.29B | $1.35B | $1.45B | $1.56B | $0 | $0 | |
| Other operating expenses | $224M | $147M | $334M | $260M | $246M | $286M | $339M | $257M | $155M | $89M | |
| Operating expenses | $1.82B | $1.74B | $2.23B | $2.35B | $2.23B | $2.37B | $2.57B | $2.68B | $2.82B | $2.93B | |
| Operating income | $1.05B | $1.28B | $1.26B | $1.58B | $1.38B | $1.67B | $1.66B | $2.29B | $2.69B | $2.94B | |
| Interest income | $20M | $14M | $18M | $17M | $13M | $7M | $14M | $33M | $68M | $58M | |
| Interest expense | $225M | $215M | $240M | $237M | $233M | $215M | $240M | $249M | $295M | $365M | |
| Other non-operating income (gains on investments, FX ...) | -$21M | -$7M | -$87M | $343M | -$24M | -$100M | -$94M | -$101M | $421M | -$139M | |
| Total non-operating income | -$204M | -$208M | -$153M | -$580M | -$209M | -$115M | -$146M | -$148M | -$716M | -$122M | |
| Income before tax | $844M | $1.08B | $1.1B | $1B | $1.17B | $1.55B | $1.52B | $2.15B | $1.97B | $2.81B | |
| Income tax | $282M | $1.23B | $133M | $130M | $221M | $302M | $148M | $432M | $390M | $652M | |
| Net income | $560M | -$155M | $966M | $868M | $949M | $1.25B | $1.36B | $1.71B | $1.58B | $2.15B | |
| EPS (basic) | $3.30 | -$0.95 | $5.62 | $5.21 | $5.58 | $7.36 | $8.14 | $10.23 | $9.45 | $12.93 | |
| EPS (diluted) | $3.24 | -$0.95 | $5.62 | $4.94 | $5.45 | $7.17 | $7.93 | $9.93 | $9.23 | $12.76 | |
| Shares (basic, weighted) | 170M | 163M | 172M | 167M | 170M | 169M | 168M | 167M | 167M | 166M | |
| Shares (diluted, weighted) | 173M | 163M | 172M | 176M | 174M | 174M | 172M | 172M | 171M | 168M | |
| Depreciation & amortization | $295M | $343M | $360M | $394M | $409M | $438M | $440M | $356M | $336M | $425M | |
| EBITDA | $1.36B | $1.63B | $1.7B | $1.63B | $1.82B | $2.21B | $2.2B | $2.75B | $2.6B | $3.5B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-04, 10-Q 2026-04-04, 10-K 2025-12-31, 10-Q 2025-09-27, 10-Q 2025-06-28, 10-Q 2025-03-29, 10-K 2024-12-31, 10-Q 2024-09-28, 10-Q 2024-06-29
Data as of 2026-11-01