Motorola Solutions Inc (MSI)

The Counter-Drone Technology Gap That Is Leaving Agencies Blind to the Fastest-Growing ThreatJuly 9, 2026 8:45 AM
InvestorsHub NewsWireThe Counter-Drone Technology Gap That Is Leaving Agencies Blind to the Fastest-Growing ThreatNetworkNewsWire Editorial Coverage: Public safety institutions have arrived at a breaking point. Hiring more officers and fielding quicker versions of legacy equipment are no longer sufficient answers to the threats that agencies now face. Consumer-grade drones available for under $500 have fundamentally altered the risk landscape. Narcotics organizations deploy these devices against federal border agents. Jails and prisons deal with drone-dropped contraband on a near-daily basis. And Langley Air Force Base, one of the most fortified military installations in the country, was compelled to ground flight operations after persistent drone incursions that no existing nonlethal interdiction protocol could address. The response infrastructure that agencies have relied on for decades is mismatched to the threat environment that now defines their daily operations. Closing that gap is the central challenge of this era.With that backdrop, Wrap Technologies Inc. (NASDAQ: WRAP) (Profile) has acquired something its rivals in the counter-drone space cannot purchase: the capacity to find the drones that have stopped transmitting. A strategic transaction with Israeli AI-sensing company Frenel Imaging Ltd. has given WRAP exclusive United States and NATO distribution rights to a physics-based sensing technology that detects threats earlier, orchestrates responses, and acts with proportionate, mission-appropriate action. WRAP has positioned that technology as the foundation of WrapShield, its emerging counter-unmanned aircraft system ("UAS") and autonomous public-safety platform. Counter-drone operations represent the initial deployment domain, with significant expansion potential beyond it. The addressable market spans domestic law enforcement, allied military forces and critical infrastructure across every NATO nation, a sector that has already drawn investor interest in leading companies operating in the public-safety space, including including Axon Enterprise Inc. (NASDAQ: AXON), Motorola Solutions Inc. (NYSE: MSI), Unusual Machines Inc. (NYSE American: UMAC) and nLIGHT Inc. (NASDAQ: LASR).Whether agencies will eventually adopt autonomous response systems is no longer a meaningful question; what remains to be determined is which platforms will come to define the category.Frenel Imaging developed the TPiCore(R) platform on a Division of Focal Plane architecture; the system simultaneously captures and processes the polarization component of thermal radiation at the edge, in real time, without cloud dependency or RF inputWrapShield is organized around a Detect, Orchestrate, Respond architecture, and the design logic rooted in that structure reflects a specific strategic conviction.Wrap Technologies has secured exclusive U.S. and NATO rights to a physics-based sensing method that reads a target's thermal fingerprint, which cannot be jammed, spoofed or switched off.The autonomous public-safety market is not a single vertical. It is three distinct but converging procurement ecosystems: domestic law enforcement, U.S. and allied military forces, and operators responsible for securing critical infrastructure.Click here to view the custom infographic of the Wrap Technologies editorial.The Speed Gap That No Hiring Surge Can CloseWhether agencies will eventually adopt autonomous response systems is no longer a meaningful question. The physics of modern threats settled it. What remains to be determined is which platforms will come to define the category, and whether the institutions that need them most will have meaningful access before the next serious incident reveals just how far behind the response infrastructure has fallen.The arithmetic is stark. Across U.S. jurisdictions, average police response times run around 10 minutes, with wide variation depending on the call type and location, while a commercial drone can be on scene within 90 seconds of launch. That distance between attacker tempo and defender response is not a budget problem or a personnel problem. It is structural, and additional officers cannot change the underlying geometry.The danger is not hypothetical. The U.S. Department of Justice has reported how criminal enterprises, drug traffickers among them, are actively using unmanned systems for surveillance operations, smuggling runs and contraband delivery. The National Institute of Justice notes that drone deliveries into correctional facilities have become a weekly occurrence nationwide. The NORAD commander has publicly commented on the frequency of drone incursions over U.S. military installations. And commercial drones that a decade ago required nation-state procurement budgets now sit on retail shelves for under $500. This is not the threat environment of the future; it is the scenario that agencies are operating within today.A new infrastructure layer is taking shape to confront these realities. The possible solutions land where artificial intelligence, autonomous platforms and nonlethal response technology meet, functioning less like a discrete product and more like an operating layer, the connective tissue binding detection, command and action across every domain that modern threats now cross. The organizations that build it first will define what public safety looks like for the generation that follows.The Silent Drone Problem That RF Cannot SolveThe counter-drone industry was constructed around a single foundational premise: that drones talk. Radio-frequency detection functions by listening for the broadcast signals that unmanned systems emit for command links, telemetry feeds and navigation. Against large civilian platforms operating openly, that assumption holds. Against the segment of the threat spectrum growing fastest and posing the gravest risk, it fails completely.Preprogrammed autonomous systems, fiber-optic guided weapons and purpose-built attack platforms travel with no active RF link. They emit nothing, which means they cannot be jammed, and they are invisible to any detection architecture that depends on a radio signal to locate its target. The first-person-view attack profiles that have destroyed armored vehicles across Ukraine operate entirely beyond what every RF-dependent system deployed in the United States can detect, and the operators responsible for the Langley incursions left no recoverable RF trace whatsoever. That is the actual operational baseline inside which agencies, installations and infrastructure managers currently work.Polarimetric thermal imaging addresses the problem at the level of physics. Rather than scanning for signals, it reads the polarization state of thermal radiation that physical objects continuously emit. Aircraft composites, metallic components, human beings and natural vegetation each carry a polarimetric signature as fixed as their molecular structure. That signature cannot be fabricated, suppressed or electronically defeated, and it persists across darkness, fog, smoke and environments where GPS has been degraded or denied.Frenel Imaging developed the TPiCore(R) platform on a Division of Focal Plane architecture. The system simultaneously captures and processes the polarization component of thermal radiation at the edge, in real time, without cloud dependency or RF input. This is information that standard imaging hardware is physically incapable of gathering. Independent research, including a 2020 Army Research Laboratory study comparing mid-wave and long-wave thermal polarimetric approaches, corroborates the physics underpinning the platform's detection advantage.With the newly announced Frenel investment, WRAP now owns exclusive rights to that capability across the United States and every NATO member nation, and has installed TPiCore as the machine-perception foundation of WrapShield, its proprietary defense platform. For any agency, installation or infrastructure operator that needs to detect the RF-silent threat, no competitor appears to hold a comparable position.One Platform, Two Moats, No Easy WorkaroundThe defense technology firms that established the most defensible market positions over the past decade did not get there by building superior individual sensors. They got there by building superior connective tissue, software-defined platforms that fused multiple inputs into a unified operational picture and translated detection into response at machine speed. Platforms accumulate compounding value. Point products become commodities. That framing is the appropriate one for evaluating WrapShield.WrapShield is organized around a Detect, Orchestrate, Respond architecture, and the design logic rooted in that structure reflects a specific strategic conviction: Durable value in autonomous public-safety systems accumulates at the sensor and response endpoints, not in the orchestration layer between them, which tends to commoditize as AI model capabilities converge across the market. WrapShield is deliberately engineered to own both ends.At the Detect layer, TPiCore delivers polarimetric perception that no RF-dependent competitor can access, backed by exclusive U.S. and NATO rights. At the Respond layer, Wrap controls a proprietary nonlethal stack seemingly irreplaceable: the BolaWrap(R) 150 remote restraint device, the Wraptor MX platform in advanced development, the DFR-X drone interdiction system and the Merlin-1 counter-UAS payload.The orchestration layer in the middle is intentionally kept open, built to connect with existing Department of Defense ("DoD") and Department of Homeland Security command-and-control architectures such as FAAD C2 and SAPIENT. It is also designed to run alongside AI-orchestration providers rather than compete with them. The aim is a position that orchestration platforms cannot replicate from above and that hardware competitors cannot displace from below."We believe the polarimetric fingerprint of an object is as immutable as its molecular composition," said Frenel Imaging founder and chief technical officer Sagi Zur Arie. "It cannot be spoofed, jammed or turned off. WRAP is the right partner to scale this capability across the U.S. and NATO."The response layer is not untested hardware awaiting a buyer. Wrap Technologies' nonlethal portfolio, spanning the BolaWrap 150, WrapReality immersive VR training and WrapVision body-worn cameras, is already active across 1,000-plus agencies in an estimated 60 countries. That installed footprint matters less for the hardware revenue it represents than for what it can become: a certified network of trained agencies renewing multiyear software and training agreements, and the bridge from hardware-based metrics to the recurring, higher-margin revenue structure that justifies a platform valuation.In the first quarter of 2026, WRAP posted 45% revenue growth, $3.2 million in bookings and a Department of Homeland Security purchase order, federal traction established before the Frenel transaction removed the detection limitations the company believes had constrained WrapShield's ceiling. With the launch of WrapShield, that momentum has potential to only increase.A Platform Strategy Playing Out in Real TimeThe Frenel transaction was not opportunistic. Wrap identified the RF-silent detection gap well ahead of any public disclosure, and used that interval to assess the technology landscape, validate TPiCore against real operational requirements, and lock down exclusive rights before the broader market had priced what the capability was worth. The structure combines a strategic equity stake in Frenel with an exclusive license spanning the United States and all NATO member nations, and the company has indicated clearly that this announcement opens a deliberate sequence rather than concluding one.Counter-UAS is WrapShield's first vertical, not its boundary. The polarimetric sensing at the platform's core is not purpose built for drones alone. The same TPiCore architecture is transferable across ground systems, maritime platforms, high-altitude fixed-wing applications and orbital observation environments, and the exclusive U.S. and NATO license is structured to govern each domain extension that follows. The counter-UAS systems market alone is projected to expand from roughly $6.6 billion in 2025 to more than $20 billion by 2030, representing a compound annual growth rate above 25%. The full multidomain autonomous, nonlethal response opportunity represents a substantially larger figure."WrapShield is not a product roadmap," states Wrap CEO Scot Cohen. "It is a conviction about what this threat requires, a platform-level answer to a platform-level problem, built for operators who cannot wait for the market to catch up. This is Wrap's most important announcement. It will not be our last."The performance advantage widens with deployment. TPiCore's edge originates not in proprietary hardware alone but in the software intelligence and AI processing layered on top of physics-locked inputs, a combination that makes the platform scalable, continuously updatable and progressively harder to match as real-world operational data accumulates across the install base.Three Markets ConvergingLaw enforcement staffing shortfalls across the United States are not a temporary condition tied to a specific budget cycle. The shortfalls are structural, they are accelerating, and they cannot be resolved by any volume of new hiring. Departments nationwide are operating at significant gaps relative to their authorized headcounts, and no increase in officer numbers closes a response gap measured in seconds against a threat that moves at machine speed.Supervised autonomy recasts the underlying issue. A single officer commanding a network of autonomous aerial platforms, ground-based robots and integrated sensor arrays can extend effective coverage across areas that might otherwise require dozens of personnel deployed simultaneously. Cost-per-incident drops, response time compresses from minutes to seconds, and officers are distanced from the highest-risk contact points while retaining full command authority over the response. This represents a fundamental shift in response doctrine, with autonomous and nonlethal first response supplanting a framework built entirely around physical human presence, rather than an equipment refresh stacked on top of existing procedures.The autonomous public-safety market is not a single vertical. It is three distinct but converging procurement ecosystems: domestic law enforcement, U.S. and allied military forces, and operators responsible for securing critical infrastructure. These systems are arriving at the same inflection point simultaneously, driven by the same threat proliferation curve, the same workforce economics and the same institutional mandate to demonstrate nonlethal, proportionate response capability.Domestic law enforcement represents the widest near-term opportunity. An estimated 18,000-plus agencies across the country operate without a single deployed civilian counter-UAS tool, despite facing a drone threat that the Department of Justice has formally acknowledged. The mounting pace of use-of-force litigation has made the absence of a documented nonlethal option a quantifiable legal exposure at the agency level.The military and homeland security channel operates at a different level of need. The Defense Department is committing more than $1 billion annually to selected counter-UAS procurement and research programs, with Congressional Research Service data reporting some $1.46 billion authorized across selected FY2025 counter-UAS lines and recent Army reporting projecting close to $1 billion in small counter-drone procurement for FY2027 alone. This budgeting backdrop has driven investor reratings across the sector, and WRAP's sole U.S. and NATO rights position the company to access the same institutional channels across every member nation.Critical infrastructure is the third converging vertical. Ports, power grids, sports venues and detention facilities throughout NATO face the same drone threat against the same absence of an authorized civilian response framework. The Federal Aviation Administration has proposed rules restricting unmanned aircraft operations over critical infrastructure, a signal that federal recognition of the systemic nature of the problem is growing.Through WrapShield and the exclusive TPiCore license, Wrap may be the only publicly traded company positioned to serve all three verticals with a detection architecture built for the threats that matter most. Exclusive technology rights, an operating footprint reaching some 60 countries, established relationships across agency and defense procurement channels, and a growing autonomous-systems roadmap are the components the company is building into the connective infrastructure the future of public safety seems to be looking for.Public Safety Enters AI EraThe public-safety and defense sectors are undergoing a rapid technological transformation as agencies adopt more intelligent, connected and autonomous capabilities to address increasingly complex security challenges. Recent developments highlight growing investments in artificial intelligence, counter-drone technologies, advanced manufacturing and directed-energy systems, reflecting a broader effort to improve situational awareness, accelerate response times and strengthen mission readiness across civilian and defense operations.Axon Enterprise Inc. (NASDAQ: AXON) unveiled a new level of service in real-time intelligence during its annual user conference. According to the company, its new AI-powered capabilities enable agencies to detect incidents earlier, access critical information faster and coordinate responses more effectively while maintaining security and data control across the full incident lifecycle. Axon's latest technology delivers clarity, speed and coordination across live video, 911 and reporting workflows. The enhanced AI platform connects data, devices and workflows across the public safety ecosystem, reducing complexity for officers previously relying on separate systems, and helping agencies respond with more precision and speed.Motorola Solutions Inc. (NYSE: MSI) has entered into a definitive agreement to acquire D-Fend Solutions (D-Fend), an industry leader in counter-drone technology. D-Fend's field proven technology is trusted by government, public-safety and enterprise organizations, with thousands of deployments across more than 30 countries. The announcement noted that joining Motorola Solutions allows D-Fend to leverage Motorola Solutions' deep expertise and long-term customer relationships across public safety, federal and enterprise, enabling the company to deliver even greater impact to the communities and organizations served.Unusual Machines Inc. (NYSE American: UMAC) is expanding its Orlando manufacturing footprint to support battery operations. The company signed a lease for approximately 14,000 square feet of manufacturing and operational space in Orlando. Batteries are generally used with each drone, and the expanded facility supports the next phase of the company's growth and expands its domestic manufacturing capabilities so Unusual Machines can be sure customers receive the parts they need.nLIGHT Inc. (NASDAQ: LASR) has launched HADES(TM), a new family of high-energy lasers ("HEL") and effectors for laser weapon systems. Designed for the modern battlespace, HADES provides scalable, mission-ready directed energy capabilities across land, sea, air and space domains. The platform is a scalable portfolio of high-energy laser effectors built on nLIGHT's vertically integrated manufacturing base and industry-leading beam-combination technology with integrated atmospheric correction to achieve unprecedented lethality at range.These advancements reflect a new generation of public safety and defense technologies built around speed, precision and interoperability. As emerging threats continue to evolve, organizations are investing in scalable platforms that integrate intelligent software, advanced sensors and next-generation hardware to enhance operational effectiveness while supporting the long-term modernization of security and defense infrastructure.For more information about Wrap Technologies Inc., please visit the Wrap Technologies profile.About NetworkNewsWireNetworkNewsWire ("NNW") is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. 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Motorola Solutions to Acquire D-Fend Solutions, an Industry Leader in Counter-Drone SystemsJune 1, 2026 6:50 AM
Business Wire D-Fend pioneers the foundational layer in the next frontier of airspace security, leveraging advanced non-kinetic RF cyber-takeover technology Motorola Solutions (NYSE: MSI) today announced it has entered into a definitive agreement to acquire D-Fend Solutions (D-Fend), an industry leader in counter-drone technology, for a purchase price of $1.5 billion. D-Fend’s field proven technology is trusted by government, public safety and enterprise organizations, with thousands of deployments across more than 30 countries, with annual revenue growth of over 50% over the last three years and expected full year 2026 revenues of $185M. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260601902888/en/Image credit: Motorola Solutions Securing the airspace against unauthorized drones is a rapidly increasing global necessity, with an evolving regulatory landscape opening greater access to solutions. The Safer Skies Act, enacted as part of the FY 2026 National Defense Authorization Act, marks a significant shift by authorizing trained and certified state and local law enforcement to not only detect and track drones that pose a public safety risk, but also, where permitted, to safely mitigate those threats. Consumer and commercial drones are increasingly used for malicious activities. D-Fend’s solution supports operational continuity for authorized drones to perform their assigned tasks, by isolating and safely removing rogue drones from the airspace. This helps avoid collateral damage and costly area-wide shutdowns. “Rogue drones have transformed our skies into a landscape of unpredictable risk, where simple detection is no longer enough,” said Greg Brown, chairman and CEO of Motorola Solutions. “With D-Fend, drone threats are not just identified — their communications are overridden and redirected, safely bringing them to the ground, keeping people and communities safe.” “Joining Motorola Solutions allows us to accelerate our mission of securing the skies,” said Zohar Halachmi, chairman and CEO of D-Fend Solutions. “By leveraging Motorola Solutions’ deep expertise and long-term customer relationships across public safety, federal and enterprise, we can deliver even greater impact to the communities and organizations we serve.” The transaction is expected to close in the fourth quarter of 2026, subject to required regulatory approvals and satisfaction of other customary closing conditions. For highlights regarding the acquisition, please view the presentation on the Motorola Solutions Investor Relations website at www.motorolasolutions.com/investors. About Motorola Solutions | Solving for safer Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com. Motorola Solutions Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. Motorola Solutions can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent Motorola Solutions’ views only as of today and should not be relied upon as representing Motorola Solutions’ views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, statements regarding the expected revenue of D-Fend in 2026, and the expected timing of the closing of the transaction. Motorola Solutions cautions the reader that the risks and uncertainties, including those in Part I Item 1A of Motorola Solutions’ 2025 Annual Report on Form 10-K and in its other U.S. Securities and Exchange Commission (“SEC”) filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com/investors, could cause actual results to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions and factors that may impact forward-looking statements include, but are not limited to, risks related to the satisfaction or waiver of the conditions to closing the proposed acquisition, receipt of regulatory approvals, Motorola Solutions’ ability to close the transaction in the anticipated timeline or at all, realization of the expected revenue for 2026, and Motorola Solutions’ ability to successfully integrate and operate the acquisition and realize the anticipated benefits of the proposed acquisition. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260601902888/en/ Media Contact
Matt Schuler
Motorola Solutions
matt.schuler @rctrader2-5234 Investor Contact
Brian Piotrowski
Motorola Solutions
brian.piotrowski @bulldop01Toror-6899 Original: Motorola Solutions to Acquire D-Fend Solutions, an Industry Leader in Counter-Drone Systems

Jason Winkler, Executive Vice President and CFO, Motorola Solutions, to Participate in the 2026 BofA Global Technology ConferenceMay 27, 2026 4:15 PM
Business Wire Motorola Solutions (NYSE: MSI), a global leader in mission-critical safety and security solutions, today announced that Jason Winkler, Executive Vice President and CFO, will participate at the upcoming BofA Global Technology Conference on Wednesday, June 3, 2026 at 10:40 a.m. PT. A live webcast and replay of the session will be featured on Motorola Solutions’ Investor Relations website at www.motorolasolutions.com/investor. About Motorola Solutions | Solving for safer Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260527714552/en/ Investor Contact
Brian Piotrowski
Motorola Solutions
brian.piotrowski @bulldop01Toror-6899 Original: Jason Winkler, Executive Vice President and CFO, Motorola Solutions, to Participate in the 2026 BofA Global Technology Conference

Motorola Solutions Opens New AI and Resilience Software Hub in Boston, MassachusettsMay 21, 2026 3:00 PM
Business Wire New hub is designed to help accelerate the development of purposeful, mission-ready technologies Motorola Solutions (NYSE: MSI) today announced the opening of its new AI and resilience software hub in Boston, Massachusetts. The hub serves as a key research and development site for applied AI and mission-critical, cloud-based solutions, powering the core platform that enables seamless emergency coordination and collaboration between private enterprises and first responders. Thousands of K-12 schools and higher education institutions rely on this platform to manage complex incidents with clarity and speed. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260521618405/en/Motorola Solutions new AI and resilience software hub is designed to help accelerate the development of purposeful, mission-ready technologies. Photo credit: Motorola Solutions “Our Boston hub represents a critical intersection where mission-critical AI meets real-world necessity,” said Mahesh Saptharishi, executive vice president and chief technology officer, Motorola Solutions. “We aren’t just building algorithms; we’re delivering actionable intelligence for those who manage society's most complex security challenges. Deepening our expertise in Boston allows us to more effectively bridge the gap between complex data streams and meaningful action to better protect critical enterprises and communities.” Motorola Solutions has maintained a strong presence in the Commonwealth of Massachusetts, including the City of Boston, for decades, supporting public safety agencies and enterprises alike. “Boston is a city defined by innovation, making it the ideal home for our new hub,” said Jehan Wickramasuriya, senior vice president, security & resilience software, Motorola Solutions. “The problems we're solving are some of the most challenging and rewarding in any field. If you want to deploy agentic systems that manage real-world emergencies at scale, Motorola Solutions is the place to be.” The new hub will support roles across AI research, software engineering and product management. Innovators looking to help build the future of safety can view open listings at the company’s Careers page. About Motorola Solutions | Solving for safer
Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that's critical for safer communities, safer schools, safer hospitals, safer businesses and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260521618405/en/ Media contact
Rebecca Benson
rebecca.benson @dodgerblioux-1645 Original: Motorola Solutions Opens New AI and Resilience Software Hub in Boston, Massachusetts

Motorola Solutions Declares Quarterly DividendMay 18, 2026 2:45 PM
Business Wire Motorola Solutions, Inc. (NYSE: MSI) today announced that its board of directors has approved a regular quarterly dividend of one dollar and twenty-one cents ($1.21) per share. The next quarterly dividend will be payable in cash on July 15, 2026, to shareholders of record at the close of business on June 17, 2026. About Motorola Solutions | Solving for safer Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260518227937/en/ Investor Contact
Brian Piotrowski
Motorola Solutions
brian.piotrowski @bulldop01Toror-6899 Original: Motorola Solutions Declares Quarterly Dividend

Motorola Solutions Expands Silvus Technologies Production and Fulfillment Capacity to Meet Growth DemandMay 14, 2026 1:00 PM
Business Wire Motorola Solutions (NYSE: MSI) today announced a $100 million plan to scale and diversify the manufacturing and supply chain operations of Silvus Technologies, a global leader in advanced tactical networking and electromagnetic spectrum operations (EMSO). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260514852047/en/Image credit: Motorola Solutions The investment is anchored by a new, 165,000 square-foot state-of-the-art manufacturing facility in Salt Lake City, Utah. This site will serve as a hub for high-volume production, leveraging Utah’s strong technology ecosystem and highly skilled workforce. The expansion is anticipated to create 200 new roles. This capacity increase will enable Silvus to scale production of its mission-critical StreamCaster MANET radios, while continuing to innovate and uphold the rigorous quality standards that users in the defense, law enforcement and public safety industries depend on. “As the landscape for defense technology continues to evolve, the need for resilient, high-bandwidth communications has never been more critical,” said Jack Molloy, executive vice president and chief operating officer, Motorola Solutions. “This investment, which is in addition to our expansion in Los Angeles, helps ensure that Silvus is prepared for the growing demand for their industry-leading mesh networking and electromagnetic spectrum operations solutions. This expansion reinforces our commitment to providing the most advanced technology to the warfighter and public safety professional.” The investment is supported by the Utah Governor’s Office of Economic Development, and the Utah Inland Port Authority. The selection of Salt Lake City for the flagship purpose-built manufacturing facility underscores Utah’s emergence as a premier destination for aerospace, defense and technology employers. “We are excited to welcome this significant expansion of Motorola Solutions’ Silvus Technologies operations to Utah,” said Utah Governor Spencer J. Cox. “Utah has built a reputation for developing top talent and supporting companies that are advancing America’s security and technological leadership. Motorola Solutions’ investment will create high-quality jobs and strengthen Utah’s growing role in aerospace, defense and advanced communications manufacturing.” The team in Salt Lake City will join Motorola Solutions’ 23,000-strong global workforce focused on developing mission-critical communication technologies to help address the growing scale of safety and security challenges. About Motorola Solutions | Solving for safer Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com. About Silvus Technologies, a Motorola Solutions company Silvus Technologies is a global leader in advanced tactical networking and Electromagnetic Spectrum Operations (EMSO). At the forefront of innovation for mission-critical applications, Silvus reshapes data-driven decision-making at the tactical edge with high-capacity MANET communications, intelligent spectrum awareness and electronic warfare resiliency. Through its battle-proven StreamCaster family of MANET radios and proprietary MN-MIMO waveform, Silvus provides robust, high-throughput connectivity for defense and public safety agencies in some of the world’s most complex environments. By expanding beyond traditional communications with advanced signal intelligence solutions, Silvus delivers comprehensive EMSO capabilities—enabling operators to sense, manage and defend their communications within a contested spectrum. Headquartered in Los Angeles and driven by a team of world-class PhD scientists and engineers, Silvus continues to define the future of the tactical ecosystem with proven range, scalability and interference mitigation. Learn more at https://silvustechnologies.com. Motorola Solutions Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “plans,” “anticipates,” “estimates” and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent the company’s views only as of today and should not be relied upon as representing the company’s views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results or events discussed in these statements to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, Motorola Solutions’ expectations regarding the creation of new roles at the facility, as well as its expectations regarding future manufacturing and supply chain operations of Silvus Technologies. Motorola Solutions cautions the reader that the risks and uncertainties below, as well as those in Part I Item 1A of Motorola Solutions’ 2025 Annual Report on Form 10-K and in its other SEC filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com, could cause Motorola Solutions’ actual results or events discussed in these statements to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions and factors that may impact forward-looking statements include, but are not limited to, Motorola Solutions’ ability to advance the future operations of Silvus Technologies. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260514852047/en/ Media Contact
Matt Schuler
Motorola Solutions
matt.schuler @rctrader2-5234 Investor Contact
Brian Piotrowski
Motorola Solutions
brian.piotrowski @bulldop01Toror-6899 Original: Motorola Solutions Expands Silvus Technologies Production and Fulfillment Capacity to Meet Growth Demand

Greg Brown, Chairman and CEO, Motorola Solutions to Participate in the J.P. Morgan Annual Global Technology, Media and Communications ConferenceMay 13, 2026 4:15 PM
Business Wire Motorola Solutions (NYSE: MSI), a global leader in mission-critical safety and security solutions, today announced that Greg Brown, Chairman and CEO, will participate at the upcoming J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 20, 2026 at 08:00 a.m. ET. A live webcast and replay of the fireside chat will be featured on Motorola Solutions’ Investor Relations website at www.motorolasolutions.com/investor. About Motorola Solutions | Solving for safer Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513593673/en/ Investor Contact
Brian Piotrowski
Motorola Solutions
+1 847 576 6899
brian.piotrowski@motorolasolutions.com Original: Greg Brown, Chairman and CEO, Motorola Solutions to Participate in the J.P. Morgan Annual Global Technology, Media and Communications Conference

Motorola Solutions Reports First-Quarter 2026 Financial ResultsMay 7, 2026 4:10 PM
Business Wire Company raises full-year revenue and earnings outlook driven by record Q1 orders and backlog  Sales of $2.7 billion, up 7% versus a year ago Software and Services sales up 18% Products and Systems Integration sales up 1% GAAP earnings per share ("EPS") of $2.18 Non-GAAP EPS* of $3.37 Record Q1 ending backlog of $15.7 billion, up 11% versus a year ago Acquired Exacom and Hyper for a combined $90 million, net of cash acquired, and entered into a definitive agreement to acquire Bell Canada's LMR networks services business Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the first quarter of 2026. "Q1 was an outstanding start to the year, with strong sales and earnings,” said Greg Brown, chairman and CEO, Motorola Solutions. “Our record first-quarter backlog was driven by robust, broad-based demand. As a result, we’re raising both our revenue and earnings guidance for the full year 2026.” KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages)   Q1 2026   Q1 2025 % Change Sales $2,714   $2,528 7 % GAAP         Operating Earnings $525   $582 (10) % % of Sales 19.3 %   23.0 %   EPS $2.18   $2.53 (14) % Non-GAAP*         Operating Earnings $781   $716 9 % % of Sales 28.8 %   28.3 %   EPS $3.37   $3.18 6 % Products and Systems Integration Segment         Sales $1,559   $1,546 1 % GAAP Operating Earnings $213   $352 (39) % % of Sales 13.7 %   22.8 %   Non-GAAP* Operating Earnings $386   $434 (11) % % of Sales 24.8 %   28.1 %   Software and Services Segment         Sales $1,155   $982 18 % GAAP Operating Earnings $312   $230 36 % % of Sales 27.0 %   23.4 %   Non-GAAP* Operating Earnings $395   $282 40 % % of Sales 34.2 %   28.7 %   * Non-GAAP financial information excludes the after-tax impact of approximately $1.19 per diluted share related to highlighted items, share-based compensation expense and intangible assets amortization expense. Details regarding these non-GAAP adjustments and the use of non-GAAP measures are included later in this news release. OTHER SELECTED FINANCIAL RESULTS Revenue - Sales were $2.7 billion, up 7% from the year-ago quarter driven primarily by growth in International. Revenue from acquisitions was $219 million and foreign currency tailwinds were $60 million in the quarter. The Products and Systems Integration segment grew 1% driven by growth in Video Security and Access Control ("Video"), partially offset by Mission Critical Networks ("MCN"). The Software and Services segment grew 18% driven by growth in MCN, Command Center and Video. Operating margin - GAAP operating margin was 19.3% of sales, down from 23.0% in the year-ago quarter primarily driven by an increase to the contingent Silvus earnout due to strong performance of the business and increased intangible amortization expense in the current quarter. Non-GAAP operating margin was 28.8% of sales, up 50 basis points from 28.3% in the year-ago quarter. The increase in non-GAAP operating margin was driven by higher sales and improved operating leverage, partially offset by higher supply chain costs. Taxes - The GAAP effective tax rate during the quarter was 16.6%, versus 21.0% in the year-ago quarter and the non-GAAP effective tax rate was 19.1%, versus 21.1% in the year-ago quarter, driven by higher benefits from share-based compensation recognized in the current quarter. Cash flow - Operating cash flow was $451 million, compared to $510 million in the year-ago quarter and free cash flow was $389 million, compared to $473 million in the year-ago quarter. Both the operating cash flow and free cash flow for the quarter decreased primarily due to increased investments in inventory and higher interest and tax payments, partially offset by higher earnings, net of non-cash charges. Capital allocation - During the quarter, the company paid $201 million in cash dividends, repurchased $118 million of common stock and invested $62 million in capital expenditures. The company closed the acquisitions of Exacom, a leading provider of cloud-native voice and multimedia recording and logging solutions for mission-critical communications, and Hyper, a leader in conversational, agentic AI designed to assist in handling non-emergency calls within public safety answering points (PSAPs), for a combined $90 million, net of cash acquired. The company also entered into a definitive agreement to acquire the LMR networks services business from Bell Canada for a purchase price of CAD $675 million, or approximately $500 million, subject to customary adjustments and a deferred net working capital settlement. The acquisition is expected to be completed in the fourth quarter of 2026.
Additionally, the company repaid $200 million of the $1.5 billion term loans issued to fund the Silvus acquisition, leaving a balance of $1.3 billion outstanding. Backlog - The company ended the quarter with record Q1 backlog of $15.7 billion, up 11% or $1.6 billion from the year-ago quarter driven by record Q1 orders. Products and Systems Integration segment backlog was up $255 million, or 7%, driven primarily by strong demand in Video and MCN. Software and Services segment backlog was up $1.3 billion, or 13%, driven by strong demand across all three technologies and favorable foreign currency impacts.  NOTABLE WINS AND ACHIEVEMENTS Products and Systems Integration $148 million P25 device and SVX body-worn assistant orders for the U.S. Federal Government $78 million of Silvus orders for a German-based unmanned systems provider $16 million P25 device order for a U.S. state and local customer $14 million fixed video order for a large U.S. fitness company $10 million fixed video order for Duke Energy Software and Services $41 million five-year P25 services renewal for the MN Department of Transportation $24 million Command Center order for Denver, CO $16 million Command Center order for Anne Arundel County, MD $10 million P25 services order for Paraíba, Brazil Department of Social Services $9 million mobile video order for a U.S. state and local customer BUSINESS OUTLOOK Second quarter 2026 - The company expects revenue growth of approximately 8.5% compared to the second quarter of 2025 and non-GAAP EPS between $3.82 and $3.88 per share. This assumes approximately 168 million of fully diluted shares and a non-GAAP effective tax rate of approximately 23%. Full-year 2026 - The company now expects revenue of approximately $12.8 billion, up from its prior guidance of $12.7 billion and non-GAAP EPS between $16.87 and $16.99 per share, up from its prior guidance of between $16.70 and $16.85 per share. This outlook assumes approximately 168 million of fully diluted shares and a non-GAAP effective tax rate of approximately 22.5%. The company has not quantitatively reconciled its guidance for forward-looking non-GAAP measurements in this news release to their most comparable GAAP measurements because the company does not provide specific guidance for the various reconciling items as certain items that impact these measurements have not occurred, are out of the company’s control, or cannot be reasonably predicted. Accordingly, a reconciliation to the most comparable GAAP financial measurement is not available without unreasonable effort. Please note that the unavailable reconciling items could significantly impact the company’s results. RECENT EVENTS MACROECONOMIC ENVIRONMENT UPDATE Since February 2025, the U.S. has initiated a series of trade actions which imposed new tariffs and increased existing tariffs on goods imported from various countries, including tariffs levied under the International Emergency Economic Powers Act (“IEEPA”), contributing to a global trade landscape subject to evolving tariffs, import/export regulations, including restrictions around rare earth minerals, trade barriers and trade disputes. On February 20, 2026, a U.S. Supreme Court ruling invalidated tariffs imposed under IEEPA; however, the ruling did not address potential refunds. Following the ruling, the Court of International Trade (“CIT”) ordered U.S. Customs and Border Protection (“CBP”) to facilitate refunds for all affected importers. On April 20, 2026, CBP launched Phase 1 of the Consolidated Administration and Processing of Entries (“CAPE”) system to facilitate these refunds. As of April 4, 2026, the company had not recognized an asset related to any potential refund given the potential uncertainty in receiving refunds. The company plans to continue to evaluate new information as it becomes available, and recognize the refund when recovery is probable. In addition, the company is experiencing higher costs for memory in its products which is a result of substantial demand in the market driven by AI. As a result, the company continues to observe elevated volatility and uncertainty around the global supply chain. The company engages with global suppliers across a diverse network of locations around the world. The company continues to work with its global supply base to mitigate its exposure to the risks from global reciprocal (and sectoral) tariffs, rising memory costs, and import/export regulations that have developed, and which may continue to develop, to ensure supply continues at levels necessary to meet its current customer demand. As a result of the dynamic supply chain environment, the company has experienced increased costs on materials and components, for which the company continues to develop mitigation actions going forward. CONFERENCE CALL AND WEBCAST Motorola Solutions will host its quarterly conference call beginning at 4 p.m. U.S. Central Time (5 p.m. U.S. Eastern Time) on Thursday, May 7. The conference call will be webcast live at www.motorolasolutions.com/investors. An archive of the webcast will be available for a limited period of time thereafter. CONSOLIDATED GAAP RESULTS (presented in millions, except per share data) A comparison of results from operations is as follows:   Q1 2026 Q1 2025 Net sales $2,714 $2,528 Gross margin $1,362 $1,300 Operating earnings $525 $582 Amounts attributable to Motorola Solutions, Inc. common stockholders     Net earnings $366 $430 Diluted EPS $2.18 $2.53 Weighted average diluted common shares outstanding 168.0 169.8 USE OF NON-GAAP FINANCIAL INFORMATION In addition to the results presented in accordance with accounting principles generally accepted in the U.S. ("GAAP") included in this news release, Motorola Solutions also has included non-GAAP measurements of results, including free cash flow, non-GAAP operating earnings, non-GAAP EPS, non-GAAP operating margin, non-GAAP net earnings attributable to MSI, non-GAAP tax rate, and organic revenue. The company has provided these non-GAAP measurements to help investors better understand its core operating performance, enhance comparisons of core operating performance from period-to-period and allow better comparisons of its operating performance to that of its competitors. Among other things, management uses these operating results, excluding the identified items, to evaluate the performance of its businesses and to evaluate results relative to certain incentive compensation targets. Management uses operating results excluding these items because it believes these measurements enable it to make better period-to-period evaluations of the financial performance of its core business operations. The non-GAAP measurements are intended only as a supplement to the comparable GAAP measurements and the company compensates for the limitations inherent in the use of non-GAAP measurements by using GAAP measures in conjunction with the non-GAAP measurements. As a result, investors should consider these non-GAAP measurements in addition to, and not in substitution for or as superior to, GAAP measurements. Reconciliations: Details and reconciliations of such non-GAAP measurements to the corresponding GAAP measurements can be found at the end of this news release. Free cash flow: Free cash flow represents net cash provided by operating activities less capital expenditures. The company believes that free cash flow is useful to investors as the basis for comparing its performance and coverage ratios with other companies in the company's industries, although the company's measure of free cash flow may not be directly comparable to similar measures used by other companies. This measure is also used as a component of incentive compensation. Organic Revenue: Organic revenue reflects net sales calculated under GAAP excluding net sales from acquired business owned for less than four full quarters. The company believes organic revenue provides useful information for evaluating the periodic growth of the business on a consistent basis and provides for a meaningful period-to-period comparison and analysis of trends in the business. Non-GAAP operating earnings, non-GAAP EPS, non-GAAP operating margin and non-GAAP net earnings attributable to MSI each excludes highlighted items, including share-based compensation expenses and intangible assets amortization expense, as follows: Highlighted items: The company has excluded the effects of highlighted items including, but not limited to, acquisition-related transaction fees, tangible and intangible asset impairments, reorganization of business charges, certain non-cash pension adjustments, legal settlements and other contingencies, gains and losses on investments and businesses, Hytera-related legal expenses, gains and losses on the extinguishment of debt, adjustments to contingent earnout, and the income tax effects of significant tax matters, from its non-GAAP operating expenses and net income measurements because the company believes that these historical items do not reflect expected future operating earnings or expenses and do not contribute to a meaningful evaluation of the company's current operating performance or comparisons to the company's past operating performance. For the purposes of management's internal analysis over operating performance, the company uses financial statements that exclude highlighted items, as these charges do not contribute to a meaningful evaluation of the company's current operating performance or comparisons to the company's past operating performance. Hytera-Related Legal Expenses: In 2017, the company filed a complaint against Hytera Communications Corporation Limited of Shenzhen, China; Hytera America, Inc.; and Hytera Communications America (West), Inc. (collectively, "Hytera"), in the U.S. District Court for Northern District of Illinois (the "District Court"), alleging trade secret theft and copyright infringement, and seeking injunctive relief. In 2020, a jury decided in the company's favor, ultimately resulting in an award to the company of $543.7 million, plus $51.1 million in pre-judgment interest and $2.6 million in costs, as well as $34.2 million in attorneys' fees. In 2024, after both parties appealed to the U.S. Court of Appeals for the Seventh Circuit (the "Court of Appeals"), the Court of Appeals, among other items, affirmed the District Court's award of $407.4 million in damages under the Defend Trade Secrets Act, and directed the District Court to recalculate and reduce its award of $136.3 million in copyright infringement damages, which remains subject to ruling by the District Court. As of April 4, 2026, as a result of this civil litigation and 2020 bankruptcy proceedings by Hytera America, Inc. and Hytera Communications America (West), Inc., Hytera had paid over $212 million against this award, $40 million of which was paid in the first quarter of 2026. Net of withholding taxes, the company has received over $192 million as of April 4, 2026, $36 million of which was received in the first quarter of 2026. These payments were recorded as a gain within Other charges within the Consolidated Statement of Operations. Further, in 2022, the District Court ordered Hytera to pay the company a forward-looking reasonable royalty on Hytera’s products (“I-Series”) that use the company’s stolen trade secrets, applicable to I-Series products sold from July 1, 2019 forward. In 2024, the company received royalties of $61 million related to the I-Series products, which was recorded as a gain within Other charges within the Consolidated Statement of Operations. Beginning in 2025, a favorable ruling in a related legal proceeding in the District Court (which Hytera has subsequently appealed to the Court of Appeals) also ordered Hytera to pay the company for Hytera’s continued use of the company’s trade secrets and copyrighted source code in Hytera’s currently shipping products (“H-Series”), and Hytera has subsequently reported approximately $110 million in royalties subject to the Court's order. While several aspects of the court proceedings related to both the I-Series and H-Series are subject to appeal, the company continues to seek collection of the amounts owed by Hytera through the ongoing legal process. Management typically considers legal expenses associated with defending the company's intellectual property as “normal and recurring.” Since 2020, the company has believed that Hytera-related legal expenses have not been part of its “normal and recurring” legal expenses incurred to operate its business and has accordingly excluded such expenses from its GAAP operating Income. In addition, as any contingent or actual gains associated with the Hytera litigation are recognized, they will be similarly excluded from the company's non-GAAP operating income, consistent with the company's treatment of the approximately $15 million realized in 2022, $61 million realized in 2024, $157 million realized in 2025, and $40 million realized in the first quarter of 2026. The company believes after the jury award, the presentation of excluding both Hytera-related legal expenses and gains related to awards better aligns with how management evaluates the company's ongoing underlying business performance. Share-based compensation expenses: The company has excluded share-based compensation expense from its non-GAAP operating expenses and net income measurements. Although share-based compensation is a key incentive offered to the company’s employees and the company believes such compensation contributed to the revenue earned during the periods presented and also believes it will contribute to the generation of future period revenues, the company continues to evaluate its performance excluding share-based compensation expense primarily because it represents a significant non-cash expense. Share-based compensation expense will recur in future periods. Intangible assets amortization expense: The company has excluded intangible assets amortization expense from its non-GAAP operating expenses and net earnings measurements primarily because it represents a non-cash expense and because the company evaluates its performance excluding intangible assets amortization expense. Amortization of intangible assets is consistent in amount and frequency but is significantly affected by the timing and size of the company’s acquisitions. Investors should note that the use of intangible assets contributed to the company’s revenues earned during the periods presented and will contribute to the company’s future period revenues as well. Intangible assets amortization expense will recur in future periods. FORWARD LOOKING STATEMENTS This news release contains "forward-looking statements" within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent the company’s views only as of today and should not be relied upon as representing the company’s views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, the expected timing of Motorola Solutions' acquisition of the LMR networks services business from Bell Canada; Motorola Solutions’ financial outlook for the second quarter and full-year of 2026; the impact of the U.S. Supreme Court ruling that invalidated tariffs imposed under the IEEPA on our business, and our actions in response thereto; and the impact of changes in the global trade environment, the dynamic supply chain environment and the memory market on our business, and our actions in response thereto. Motorola Solutions cautions the reader that the risks and uncertainties below, as well as those in Part I Item 1A of Motorola Solutions’ 2025 Annual Report on Form 10-K and in its other SEC filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com/investors, could cause Motorola Solutions’ actual results to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions, and factors that may impact forward-looking statements include, but are not limited to: (i) impact of current global economic and political conditions in the markets in which the company operates; (ii) increased areas of risk, increased competition and additional compliance obligations associated with the introduction of new or enhanced products and services in our segments; (iii) challenges relating to the use of artificial intelligence ("AI") in our products and services; (iv) impact of catastrophic events on our business or our customers' or suppliers' business; (v) the effectiveness of our strategic acquisitions, including the integrations of such acquired businesses; (vi) the inability of our products to meet our customers’ expectations or regulatory or industry standards, or actual or perceived systems or service failures of our products and services; (vii) our inability to purchase a sufficient amount of materials, parts, and components, as well as software and services, at acceptable prices to meet the demands of our customers, and any disruption to our suppliers or significant increase in the price of supplies; (viii) risks related to our large, multi-year system and services contracts; (ix) the global nature of our employees, customers, suppliers and outsource partners; (x) our use of third-parties to develop, design and/or manufacture many of our components and some of our products, and to perform portions of our business operations; (xi) the inability of our subcontractors to perform in a timely and compliant manner or adhere to our Human Rights Policy; (xii) inability to attract and retain senior management and key employees; (xiii) evolving and sometimes conflicting expectations from investors, customers, lawmakers, regulators and other stakeholders regarding social and sustainability considerations and disclosures; (xiv) challenges relating to existing or future legislation and regulations pertaining to AI, AI-enabled products and the use of biometrics and other video analytics; (xv) the impact, including increased costs and potential liabilities, associated with changes in laws and regulations regarding cybersecurity, privacy, data protection, data sovereignty and information security; (xvi) the impact of government regulation of radio frequencies; (xvii) regulations, laws and other compliance requirements and risks applicable to our U.S. government customer contracts and grants; (xviii) the impact, including increased costs and additional compliance obligations, associated with existing or future telecommunications-related laws and regulations; (xix) impact of product regulatory and safety, consumer, worker safety and environmental product compliance and remediation laws; (xx) impact of tax matters; (xxi) increased cybersecurity threats, a security breach or other significant disruption of our IT systems or those of our outsource partners, suppliers or customers; (xxii) our inability to protect our intellectual property or potential infringement of intellectual property rights of third parties; (xxiii) risks relating to intellectual property licenses and intellectual property indemnities in our customer and supplier contracts; (xxiv) our license of the MOTOROLA, MOTO, MOTOROLA SOLUTIONS and the Stylized M logo and all derivatives and formatives thereof from Motorola Trademark Holdings, LLC; (xxv) inability to access the capital markets for financing on acceptable terms and conditions; (xxvi) exposure to exchange rate fluctuations on cross-border transactions and the translation of local currency results into U.S. dollars; (xxvii) impact of returns on pension and retirement plan assets and interest rate changes; and (xxviii) the return of capital to shareholders through dividends and/or repurchasing shares. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise. About Motorola Solutions | Solving for safer Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.   GAAP-1 Motorola Solutions, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (In millions, except per share amounts)   Three Months Ended April 4, 2026 March 29, 2025 Net sales from products $ 1,481 $ 1,448 Net sales from services   1,233   1,080 Net sales   2,714   2,528 Costs of products sales   629   573 Costs of services sales   723   655 Costs of sales   1,352   1,228 Gross margin   1,362   1,300 Selling, general and administrative expenses   439   436 Research and development expenditures   252   233 Other charges   56   12 Intangibles amortization   90   37 Operating earnings   525   582 Other income (expense): Interest expense, net   (104)   (51) Other, net   20   16 Total other expense   (84)   (35) Net earnings before income taxes   441   547 Income tax expense   73   115 Net earnings   368   432 Less: Earnings attributable to non-controlling interests   2   2 Net earnings attributable to Motorola Solutions, Inc. $ 366 $ 430 Earnings per common share: Basic $ 2.21 $ 2.58 Diluted $ 2.18 $ 2.53 Weighted average common shares outstanding: Basic   165.8   166.9 Diluted   168.0   169.8   Percentage of Net Sales* Net sales from products   54.6 %   57.3 % Net sales from services   45.4 %   42.7 % Net sales   100.0 %   100.0 % Costs of products sales   42.5 %   39.6 % Costs of services sales   58.6 %   60.6 % Costs of sales   49.8 %   48.6 % Gross margin   50.2 %   51.4 % Selling, general and administrative expenses   16.2 %   17.2 % Research and development expenditures   9.3 %   9.2 % Other charges   2.1 %   0.5 % Intangibles amortization   3.3 %   1.5 % Operating earnings   19.3 %   23.0 % Other income (expense): Interest expense, net   (3.8)%   (2.0)% Other, net   0.7 %   0.6 % Total other expense   (3.1)%   (1.4)% Net earnings before income taxes   16.2 %   21.6 % Income tax expense   2.7 %   4.5 % Net earnings   13.6 %   17.1 % Less: Earnings attributable to non-controlling interests   0.1 %   0.1 % Net earnings attributable to Motorola Solutions, Inc.   13.5 %   17.0 % * Percentages may not add up due to rounding GAAP-2 Motorola Solutions, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In millions)   April 4, 2026 December 31, 2025 Assets Cash and cash equivalents $ 886 $ 1,165 Accounts receivable, net   2,046   2,200 Contract assets   1,388   1,574 Inventories, net   1,181   983 Other current assets   450   378 Total current assets   5,951   6,300 Property, plant and equipment, net   1,161   1,165 Operating lease assets   609   581 Investments   187   187 Deferred income taxes   748   761 Goodwill   6,885   6,800 Intangible assets, net   3,046   3,104 Other assets   493   491 Total assets $ 19,080 $ 19,389 Liabilities and Stockholders' Equity Short-term borrowings   550   749 Accounts payable   928   1,134 Contract liabilities   2,296   2,265 Accrued liabilities   1,785   1,930 Total current liabilities   5,559   6,078 Long-term debt   8,415   8,413 Operating lease liabilities   494   471 Other liabilities   2,049   2,000 Total Motorola Solutions, Inc. stockholders’ equity   2,544   2,410 Non-controlling interests   19   17 Total liabilities and stockholders’ equity $ 19,080 $ 19,389 GAAP-3 Motorola Solutions, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (In millions)   Three Months Ended April 4, 2026 March 29, 2025 Operating Net earnings $ 368 $ 432 Adjustments to reconcile Net earnings to Net cash provided by operating activities: Depreciation and amortization   143   81 Contingent earnout adjustment   75   — Non-cash other charges   8   7 Share-based compensation expenses   100   66 Changes in assets and liabilities, net of effects of acquisitions, dispositions, and foreign currency translation adjustments: Accounts receivable   155   197 Inventories   (199)   (62) Other current assets and contract assets   103   (78) Accounts payable, accrued liabilities and contract liabilities   (290)   (175) Other assets and liabilities   (12)   25 Deferred income taxes   —   17 Net cash provided by operating activities   451   510 Investing Acquisitions and investments, net   (124)   (450) Proceeds from sales of investments and businesses, net   2   10 Capital expenditures   (62)   (37) Proceeds from sales of property, plant and equipment   1   — Net cash used for investing activities   (183)   (477) Financing Repayments of short-term debt   (200)   — Issuances of common stock, net of tax   (6)   (90) Purchases of common stock   (118)   (325) Payments of dividends   (201)   (182) Net cash used for financing activities   (525)   (597) Effect of exchange rate changes on total cash and cash equivalents   (22)   26 Net decrease in total cash and cash equivalents   (279)   (538) Cash and cash equivalents, beginning of period   1,165   2,102 Cash and cash equivalents, end of period $ 886 $ 1,564 Non-GAAP-1 Motorola Solutions, Inc. and Subsidiaries Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (In millions)     Three Months Ended April 4, 2026 March 29, 2025 Net cash provided by operating activities $ 451 $ 510 Capital expenditures   (62)   (37) Free cash flow $ 389 $ 473  Non-GAAP-2 Motorola Solutions, Inc. and Subsidiaries Reconciliation of Net Earnings Attributable to MSI to Non-GAAP Net Earnings Attributable to MSI (In millions)   Three Months Ended Statement Line April 4, 2026 March 29, 2025 Net earnings attributable to MSI $ 366 $ 430 Non-GAAP adjustments before income taxes: Share-based compensation expenses Cost of sales, SG&A and R&D   100   66 Intangible assets amortization expense Intangibles amortization   90   37 Contingent earnout adjustment Other charges (income)   75   — Reorganization of business charges Cost of sales and Other charges (income)   15   17 Acquisition-related transaction fees Other charges (income)   8   6 Fair value adjustments to equity investments Other (income) expense   5   5 Hytera-related legal expenses SG&A   5   14 Operating lease asset impairments Other charges (income)   2   — Legal settlements Other charges (income)   1   4 Assessments of uncertain tax positions Interest income, net, Other (income) expense   —   1 Gain on Hytera litigation Other charges (income)   (40)   (10) Total Non-GAAP adjustments before income taxes $ 261 $ 140 Income tax expense on Non-GAAP adjustments   61   30 Total Non-GAAP adjustments after income taxes   200   110 Non-GAAP Net earnings attributable to MSI $ 566 $ 540 Calculation of Non-GAAP Tax Rate (In millions)   Three Months Ended April 4, 2026 March 29, 2025 Net earnings before income taxes $ 441 $ 547 Total Non-GAAP adjustments before income taxes*   261   140 Non-GAAP Net earnings before income taxes   702   687 Income tax expense   73   115 Income tax expense on Non-GAAP adjustments**   61   30 Total Non-GAAP Income tax expense $ 134 $ 145 Non-GAAP Tax rate   19.1 %   21.1 %   *See reconciliation on Non-GAAP-2 table above for detail on Non-GAAP adjustments before income taxes **Income tax impact of highlighted items   Reconciliation of Earnings Per Share to Non-GAAP Earnings Per Share*   Three Months Ended Statement Line April 4, 2026 March 29, 2025 Net earnings attributable to MSI $ 2.18 $ 2.53 Non-GAAP adjustments before income taxes: Share-based compensation expenses Cost of sales, SG&A and R&D $ 0.60 $ 0.39 Intangible assets amortization expense Intangibles amortization   0.53   0.22 Contingent earnout adjustment Other charges (income)   0.45   — Reorganization of business charges Cost of sales and Other charges (income)   0.09   0.10 Acquisition-related transaction fees Other charges (income)   0.04   0.03 Fair value adjustments to equity investments Other (income) expense   0.03   0.03 Hytera-related legal expenses SG&A   0.03   0.08 Operating lease asset impairments Other charges (income)   0.01   — Legal settlements Other charges (income)   0.01   0.02 Assessments of uncertain tax positions Interest income, net, Other (income) expense   —   0.01 Gain on Hytera litigation Other charges (income) $ (0.24) $ (0.06) Total Non-GAAP adjustments before income taxes $ 1.55 $ 0.82 Income tax expense on Non-GAAP adjustments   0.36   0.17 Total Non-GAAP adjustments after income taxes   1.19   0.65 Non-GAAP Net earnings attributable to MSI $ 3.37 $ 3.18   Diluted Weighted Average Common Shares   168.0   169.8 *Indicates Non-GAAP Diluted EPS Non-GAAP-3 Non-GAAP-3 Motorola Solutions, Inc. and Subsidiaries Reconciliations of Operating Earnings to Non-GAAP Operating Earnings and Operating Margin to Non-GAAP Operating Margin (In millions)   Three Months Ended April 4, 2026 March 29, 2025 Products and Systems Integration Software and Services Total Products and Systems Integration Software and Services Total Net sales $ 1,559 $ 1,155 $ 2,714 $ 1,546 $ 982 $ 2,528 Operating earnings ("OE")   213   312   525   352   230   582 Above OE non-GAAP adjustments: Share-based compensation expenses   66   34   100   48   18   66 Intangible assets amortization expense   62   28   90   16   21   37 Contingent earnout adjustment   67   8   75   —   —   — Reorganization of business charges   11   4   15   12   5   17 Acquisition-related transaction fees   —   8   8   —   6   6 Hytera-related legal expenses   5   —   5   14   —   14 Operating lease asset impairments   1   1   2   —   —   — Legal settlements   1   —   1   2   2   4 Gain on Hytera litigation   (40)   —   (40)   (10)   —   (10) Total above-OE non-GAAP adjustments   173   83   256   82   52   134 Operating earnings after non-GAAP adjustments $ 386 $ 395 $ 781 $ 434 $ 282 $ 716   Operating earnings as a percentage of net sales - GAAP   13.7 %   27.0 %   19.3 %   22.8 %   23.4 %   23.0 % Operating earnings as a percentage of net sales - after non-GAAP adjustments   24.8 %   34.2 %   28.8 %   28.1 %   28.7 %   28.3 % Non-GAAP-4 Motorola Solutions, Inc. and Subsidiaries Reconciliation of Revenue to Non-GAAP Organic Revenue (In millions)   Three Months Ended April 4, 2026 March 29, 2025 % Change Net sales $ 2,714 $ 2,528 7 % Non-GAAP adjustments: Sales from acquisitions   222   3 Organic revenue $ 2,492 $ 2,525 (1)%   View source version on businesswire.com: https://www.businesswire.com/news/home/20260507923046/en/ MEDIA CONTACT
Alexandra Reynolds
Motorola Solutions
+1 312-965-3968
Alexandra.Reynolds@motorolasolutions.com INVESTOR CONTACT
Brian Piotrowski
Motorola Solutions
+1 847-576-6899
Brian.Piotrowski@motorolasolutions.com Original: Motorola Solutions Reports First-Quarter 2026 Financial Results

Motorola Solutions to Issue First-Quarter 2026 Earnings Results on May 7April 23, 2026 4:10 PM
Business Wire
Webcast presentation by executives to follow earnings release


Motorola Solutions, Inc. (NYSE: MSI) will issue its first-quarter 2026 earnings results after the close of the market on Thursday, May 7.


Motorola Solutions will host its quarterly conference call with financial analysts at 4 p.m. Central (5 p.m. Eastern) on May 7. The conference call will be webcast live at www.motorolasolutions.com/investors.


About Motorola Solutions | Solving for safer


Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260423846017/en/
Investor Contact

Brian Piotrowski

Motorola Solutions

brian.piotrowski@motorolasolutions.com

+1 847 576 6899


Media Contact

Alexandra Reynolds

Motorola Solutions

alexandra.reynolds@motorolasolutions.com

+1 312 965 3968


Original: Motorola Solutions to Issue First-Quarter 2026 Earnings Results on May 7

PSA Singapore Strengthens Global Maritime Leadership with Motorola Solutions’ TechnologyApril 15, 2026 10:00 PM
Business Wire
PSA Singapore has chosen Motorola Solutions’ (NYSE: MSI) advanced TETRA digital radio communications to strengthen safety and efficiency across its operations while supporting its ongoing expansion through the Tuas Mega Port project.


“PSA Singapore is a strategic hub for global trade that facilitates the movement of more than 40 million Twenty-foot Equivalent Unit (TEU) shipping containers annually across 600 ports around the world,” said Philbert Chua, container division managing director, PSA Singapore. “The development of the Tuas Mega Port is a long-term strategic investment that leverages advanced technologies and innovations to strengthen Singapore’s competitiveness, resilience and agility in managing the growing complexities and challenges of global supply chains.”


Motorola Solutions’ TETRA network supports more than 4,000 users with an average of 540,000 voice calls made every day to coordinate complex, 24/7 port operations and maintain safety as containers, vessels and staff move between terminals.


Tuas Mega Port will become the world’s largest, fully automated container terminal and is being developed in four phases. When fully operational in the 2040s, the Tuas Port will be capable of handling up to 65 million TEU shipping containers annually.


“Our 20-year relationship with PSA Singapore is built on a shared understanding that safety is the foundation of productivity," said Rajat Gupta, vice president for Asia Middle East & Africa, Motorola Solutions. “As Tuas Port scales to become the world’s largest container terminal, our focus remains on providing the secure and reliable communication and services that personnel need to collaborate seamlessly every day.”


About Motorola Solutions | Solving for safer


Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260415582202/en/
Media Contact:

Damien Batey

+61 428 036 806

Damien.batey@motorolasolutions.com


Original: PSA Singapore Strengthens Global Maritime Leadership with Motorola Solutions’ Technology

Motorola Solutions Canada Networks Inc. Fera L’acquisition des Services de Réseaux de Radio Mobile Terrestre de Bell CanadaMarch 26, 2026 5:00 PM
Business Wire
Le présent communiqué contient des déclarations prospectives. Pour obtenir une description des facteurs de risque et des hypothèses connexes, consultez les sections déclarations prospectives de Motorola Solutions et déclarations prospectives de BCE plus loin dans ce communiqué de presse. 


Motorola Solutions Canada Networks Inc., une filiale de Motorola Solutions (NYSE: MSI), a conclu aujourd’hui une entente définitive en vue d’acquérir les activités de services de réseaux de radio mobile terrestre (RMT) de Bell Mobilité, la filiale de services sans fil de Bell Canada et de BCE Inc. (NYSE, TSX: BCE). Le prix d’acquisition est de 675 M$ CA, sous réserve de révisions usuelles. L’entente est assortie d’un processus de règlement différé du fonds de roulement net.


La transaction devrait être finalisée au quatrième trimestre 2026, à la suite de l’obtention des autorisations réglementaires et des approbations des tiers, ainsi que de la satisfaction des autres conditions de clôture habituelles.


Depuis plus de 30 ans, Bell et Motorola Solutions Canada fournissent des services de communications RMT sécurisés, résilients et extrêmement fiables aux clients partout au Canada. Bell continuera de collaborer étroitement avec Motorola Solutions Canada en tant que partenaire de prestation des services de RMT.


« Nous admirons depuis longtemps Bell Canada pour la fidélité et la confiance qu’elle a su bâtir auprès de ses clients partout au pays », a souligné Michael Martin, président de Motorola Solutions Canada Networks Inc. « Cette acquisition contribue à la résilience et la sécurité à long terme des communications RMT du pays pour les collectivités canadiennes qui en dépendent chaque jour. »


À propos de Motorola Solutions | Solving for safer


La sécurité et la sûreté sont au cœur de tout ce que nous faisons chez Motorola Solutions. Nous concevons et connectons des technologies qui contribuent à protéger les personnes, les biens et les infrastructures. Nos solutions favorisent la collaboration essentielle pour améliorer la sécurité des populations, des écoles, des hôpitaux, des entreprises et, finalement, des nations. Pour en savoir plus sur notre engagement à innover pour un avenir plus sûr pour tous, rendez-vous sur www.motorolasolutions.com.


À propos de BCE


BCE est la plus grande entreprise de communications au pays1 et un chef de file des réseaux évolués de fibre optique et sans fil, des services aux entreprises et des médias numériques. En offrant des technologies de nouvelle génération qui tirent parti de solutions infonuagiques et propulsées par l’IA, nous permettons à nos clients de rester connectés, informés et divertis, tout en aidant les entreprises à demeurer compétitives à l’échelle mondiale. Pour en savoir plus, visitez Bell.ca ou BCE.ca.


En fonction du total des revenus et du total combiné de connexions clients.


Déclarations prospectives de Motorola Solutions


Ce communiqué de presse contient des « déclarations prospectives » au sens des lois sur les valeurs mobilières applicables. Ces déclarations sont faites conformément aux « dispositions refuges » de la loi Private Securities Litigation Reform Act de 1995. Ils comprennent généralement des termes comme « croit », « prévoit », « a l’intention de », « anticipe », « estime » et d’autres expressions similaires. Motorola Solutions ne peut garantir la réalisation des résultats ou événements, actuels ou futurs, mentionnés dans ces déclarations. Les déclarations prospectives ne représentent que l’opinion de Motorola Solutions à la date d’aujourd’hui. Ils ne doivent pas être considérés comme représentant l’opinion de Motorola Solutions à une date ultérieure. Les lecteurs sont avertis que ces déclarations prospectives sont soumises à divers risques et incertitudes qui pourraient faire en sorte que les résultats réels diffèrent de façon importante des déclarations figurant dans ce communiqué. Ces déclarations prospectives comprennent, sans toutefois s’y limiter, les déclarations concernant le calendrier prévu de la clôture de la transaction, le versement prévu des paiements liés à un important contrat client, les avantages attendus de la transaction pour Motorola Solutions et la capacité d’intégrer l’acquisition à Motorola Solutions. Motorola Solutions met en garde le lecteur que les risques et incertitudes, y compris ceux mentionnés dans la partie I, article 1A, du rapport annuel 2025 de Motorola Solutions sur le formulaire 10-K et dans ses autres documents déposés auprès de la Securities and Exchange Commission (« SEC ») des États-Unis (disponibles gratuitement sur le site Web de la SEC à l’adresse www.sec.gov et sur le site Web de Motorola Solutions à l’adresse www.motorolasolutions.com/investors), pourraient entraîner une différence importante entre les résultats réels et ceux estimés ou prévus dans les déclarations prospectives. Plusieurs de ces risques et incertitudes ne peuvent être contrôlés par Motorola Solutions?; les facteurs susceptibles d’influencer les déclarations prospectives comprennent, sans toutefois s’y limiter, les risques liés à la satisfaction ou à la levée des conditions de clôture de l’acquisition proposée, à l’obtention des approbations réglementaires, à l’obtention des approbations de tiers, à la capacité de Motorola Solutions de conclure la transaction dans les délais prévus ou de la finaliser, d’intégrer et d’exploiter avec succès l’acquisition et de réaliser les avantages escomptés de l’acquisition proposée. Motorola Solutions n’assume aucune obligation de mettre à jour publiquement toute déclaration prospective ou tout facteur de risque, que ce soit en raison de nouvelles informations, d’événements futurs ou pour toute autre raison.


Déclarations prospectives de BCE


Certaines déclarations figurant dans ce communiqué de presse constituent des déclarations prospectives, notamment les déclarations relatives à la cession proposée par Bell Mobilité inc. de ses activités canadiennes de services de réseaux de RMT, au calendrier et à la réalisation prévus de cette cession, ainsi que d’autres déclarations qui ne constituent pas des faits historiques. Toutes ces déclarations prospectives sont faites conformément aux « dispositions refuges » prévues dans les lois canadiennes applicables en matière de valeurs mobilières et dans la loi américaine Private Securities Litigation Reform Act de 1995. Les déclarations prospectives font l’objet de risques et d’incertitudes intrinsèques et reposent sur plusieurs hypothèses, donnant lieu à la possibilité que les résultats ou événements réels diffèrent de façon significative de nos attentes. Ces déclarations ne représentent pas une garantie de la performance ni des événements futurs. Nous mettons en garde le lecteur contre le risque que représente le fait de s’appuyer sur ces déclarations prospectives. Les déclarations prospectives qui figurent dans le présent communiqué décrivent les attentes de BCE à la date de ce communiqué et, par conséquent, pourraient changer après cette date. Sauf si les lois sur les valeurs mobilières applicables l’exigent, BCE ne s’engage aucunement à mettre à jour et à réviser les déclarations prospectives contenues dans ce communiqué, que ce soit en raison de nouveaux renseignements, d’événements futurs ou pour toute autre raison. L’échéancier prévu et la réalisation de la cession proposée sont soumis aux conditions de clôture habituelles, aux droits de résiliation et à d’autres risques et incertitudes. Ceux-ci comprennent, sans toutefois s’y limiter, l’obtention des approbations réglementaires et des tiers, qui pourraient avoir une incidence sur sa réalisation, ses modalités ou son échéancier. La cession proposée pourrait être modifiée, restructurée ou annulée. Par conséquent, rien ne garantit qu’elle se réalisera ni qu’elle se réalisera selon les modalités ni à la date actuellement prévue dans ce communiqué. Consultez le rapport de gestion annuel de 2025 de BCE daté du 6 mars 2026 et le communiqué de presse de BCE daté du 5 février 2026 annonçant ses résultats financiers pour le trimestre et l’exercice clos le 31 décembre 2025 pour obtenir plus de détails au sujet des hypothèses et des risques sous-tendant certaines déclarations prospectives contenues dans le présent communiqué?; ces documents étant déposés par BCE auprès des autorités des provinces canadiennes en valeurs mobilières (disponibles à sedarplus.ca) et de la Securities and Exchange Commission des États-Unis (disponibles à SEC.gov). Ces documents sont également disponibles à l’adresse BCE.ca.

Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260326795719/fr/
Relations avec les médias

Matt Schuler

Motorola Solutions

matt.schuler@motorolasolutions.com

+1 312 909-5234


Relations avec les investisseurs

Brian Piotrowski

Motorola Solutions

brian.piotrowski@motorolasolutions.com

+1 847 576-6899


Pour BCE

Relations avec les médias

Ellen Murphy

media@bell.ca


Relations avec les investisseurs

Krishna Somers

krishna.somers@bell.ca


Original: Motorola Solutions Canada Networks Inc. Fera L’acquisition des Services de Réseaux de Radio Mobile Terrestre de Bell Canada

Motorola Solutions Canada Networks Inc. to Acquire Bell Canada’s Land Mobile Radio Networks Services Business March 26, 2026 5:00 PM
Business Wire
This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the sections entitled “Motorola Solutions Forward-Looking Statements” and "BCE Forward-Looking Statements" later in this news release. 


Motorola Solutions Canada Networks Inc., a subsidiary of Motorola Solutions (NYSE: MSI), today entered into a definitive agreement to acquire the land mobile radio networks services business from Bell Mobility, the wireless subsidiary of Bell Canada and BCE Inc. (NYSE, TSX: BCE) for a purchase price of CAD $675 million, subject to customary adjustments, plus a deferred net working capital settlement.


The transaction is expected to close in the fourth quarter of 2026, following receipt of regulatory and third-party approvals and satisfaction of other customary closing conditions.


For more than 30 years, Bell, together with Motorola Solutions Canada have been providing secure, resilient and highly reliable, land mobile radio communications for customers across Canada. Bell will continue to work closely with Motorola Solutions Canada as an important service delivery partner for land mobile radio networks.


“We have long admired Bell Canada for the loyalty and trust they’ve built with customers across the country,” said Michael Martin, president, Motorola Solutions Canada Networks Inc. “This acquisition helps protect the long-term resiliency and security of the country's land mobile radio communications for the Canadian communities that rely on them every day.”


About Motorola Solutions | Solving for safer


Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.


About BCE


BCE is Canada's largest communications company1, leading the way in advanced fibre and wireless networks, enterprise services and digital media. By delivering next-generation technology that leverages cloud-based and AI-driven solutions, we’re keeping customers connected, informed and entertained while enabling businesses to compete on the world stage. To learn more, please visit Bell.ca or BCE.ca.


1 Based on total revenue and total combined customer connections.


Motorola Solutions Forward-Looking Statements


This press release contains “forward-looking statements” within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. Motorola Solutions can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent Motorola Solutions’ views only as of today and should not be relied upon as representing Motorola Solutions’ views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, statements regarding the expected timing of the closing of the transaction, expected benefits of the transaction to Motorola Solutions and ability to integrate the acquisition into Motorola Solutions. Motorola Solutions cautions the reader that the risks and uncertainties, including those in Part I Item 1A of Motorola Solutions’ 2025 Annual Report on Form 10-K and in its other U.S. Securities and Exchange Commission (“SEC”) filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com/investors, could cause actual results to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions and factors that may impact forward-looking statements include, but are not limited to, risks related to the satisfaction or waiver of the conditions to closing the proposed acquisition, receipt of regulatory approvals, receipt of third-party approvals, Motorola Solutions’ ability to close the transaction in the anticipated timeline or at all, successfully integrate and operate the acquisition and realize the anticipated benefits of the proposed acquisition. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.


BCE Forward-Looking Statements


Certain statements made in this news release are forward-looking statements, including statements relating to the proposed disposition by Bell Mobility Inc. of its Canadian LMR network services business, the expected timing and completion thereof, and other statements that are not historical facts. All such forward-looking statements are made pursuant to the "safe harbour" provisions of applicable Canadian securities laws and of the United States Securities Litigation Reform Act of 1995. Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility that actual results or events could differ materially from our expectations. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. The forward-looking statements contained in this news release describe BCE's expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, BCE does not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. The timing and completion of the proposed disposition are subject to customary closing conditions, termination rights and other risks and uncertainties including, without limitation, relevant regulatory and third-party approvals, which may affect its completion, terms or timing. The proposed disposition could be modified, restructured or terminated. Accordingly, there can be no assurance that the proposed disposition will occur, or that it will occur on the terms and conditions, or at the time, currently contemplated in this news release. For additional information on assumptions and risks underlying certain of our forward-looking statements made in this news release, please consult BCE’s 2025 Annual MD&A dated March 6, 2026, and BCE's news release dated February 5, 2026 announcing its financial results for the three-month period and year ended December 31, 2025, filed with the Canadian provincial securities regulatory authorities (available at sedarplus.ca) and with the U.S. Securities and Exchange Commission (available at SEC.gov). These documents are also available at BCE.ca.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260326547499/en/
Media Contact

Matt Schuler

Motorola Solutions

matt.schuler@motorolasolutions.com

+1 312-909-5234


Investor Contact

Brian Piotrowski

Motorola Solutions

brian.piotrowski@motorolasolutions.com

+1 847-576-6899


For BCE

Media Contact

Ellen Murphy

media@bell.ca


Investor Contact

Krishna Somers

Krishna.somers@bell.ca


Original: Motorola Solutions Canada Networks Inc. to Acquire Bell Canada’s Land Mobile Radio Networks Services Business 

Motorola Solutions Appoints Peter Leav to Board of DirectorsMarch 12, 2026 4:15 PM
Business Wire
Motorola Solutions (NYSE: MSI), a global leader in mission-critical safety and security solutions, today announced that Peter Leav has been appointed to its board of directors. Leav is a senior advisor at TPG and brings more than 25 years of leadership experience with a demonstrated track record of driving growth at large-scale software technology companies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260312611148/en/Motorola Solutions Appoints Peter Leav to Board of Directors
“I’m thrilled to welcome Peter to the board,” said Greg Brown, chairman and CEO, Motorola Solutions. “His deep expertise in software and cybersecurity, combined with his record of successfully leading multiple enterprise technology companies, will be quite valuable as we take this company to the next level.”


“I am honored to join the Motorola Solutions board of directors at a time when the mission of creating a safer world is more important than ever,” said Peter Leav, senior advisor, TPG. “I look forward to working with Greg and the team to help further accelerate their industry-leading position and expanding technology portfolio.”


Leav currently serves as a senior advisor at TPG, a leading global alternative asset manager with a principled focus on innovation. Additionally, Leav serves as vice chairman of the board of directors of Everfox and as a board member of New Relic. Prior to his current role, Leav served as president and chief executive officer of McAfee. Prior to that, he was president and chief executive officer of BMC Software and Polycom. He also previously served on the board of directors of Box, Proofpoint, and HD Supply.


About Motorola Solutions | Solving for safer


Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260312611148/en/
Media Contact:

Alexandra Reynolds

Motorola Solutions

+1 312 965 3968

alexandra.reynolds@motorolasolutions.com


Original: Motorola Solutions Appoints Peter Leav to Board of Directors

Motorola Solutions Declares Quarterly DividendFebruary 25, 2026 3:15 PM
Business Wire
Motorola Solutions, Inc. (NYSE: MSI) today announced that its board of directors has approved a regular quarterly dividend of one dollar and twenty-one cents ($1.21) per share. The next quarterly dividend will be payable in cash on April 15, 2026, to shareholders of record at the close of business on March 20, 2026.


About Motorola Solutions | Solving for safer


Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225504314/en/
Investor Contact

Brian Piotrowski

Motorola Solutions

brian.piotrowski@motorolasolutions.com

+1 847-576-6899


Media Contact

Alexandra Reynolds

Motorola Solutions

Alexandra.Reynolds@motorolasolutions.com

+1 312 965 3968


Original: Motorola Solutions Declares Quarterly Dividend

Motorola Solutions Foundation Invests Over $10 Million to Support First Responders and Future InnovatorsFebruary 24, 2026 11:30 AM
Business Wire
Global impact driven by strategic grants and record 125,000+ employee volunteer hours


The Motorola Solutions Foundation, the charitable and philanthropic arm of Motorola Solutions (NYSE: MSI), today announced its significant 2025 impact, including over $10 million in strategic grants and a new company record of more than 125,000 employee volunteer hours. These milestones reflect the Foundation's three core pillars: uplifting the first responder community, empowering the next generation of innovators and inspiring a global employee culture of volunteerism.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260224616847/en/Motorola Solutions Foundation Invests Over $10 Million to Support First Responders and Future Innovators
Uplifting the First Responder Community


A 2025 report revealed that police officers are 54% more likely to die by suicide than the average civilian, and firefighters remain more likely to die by suicide than in the line of duty.


This crisis is more than a statistic; it is a personal battle for those on the front lines. To help address this urgent need, the Foundation supports programs like First Responders’ Bridge, which provides a lifeline to individuals like Sgt. Brandon Qualls, a police officer in Muncie, Indiana.


“I'd decided that I was going to take my life ... it was very soon after that when my wife came to me about the Bridge,” said Sgt. Qualls. “A speaker was talking about the symptoms of PTSD, and I remember thinking that described a lot of what was going on with me. The Bridge, without a doubt, saved my life.”


In 2025, the Foundation awarded over $5 million to first responder programs, including $1.9 million for mental health and wellness, $1.5 million to support the families of the fallen and $1.3 million to programs focused on recruitment and leadership development to counter staffing shortages.


Empowering the Next Generation of Innovators


The Foundation's commitment to innovation directly confronts a critical challenge: students from under-resourced high schools are less than half as likely to complete STEM (science, technology, engineering and mathematics) degrees compared to their peers from higher-resourced schools, according to a 2025 report. To help dismantle this barrier, the Foundation committed more than $5 million to programs providing technology and engineering education.


“This scholarship not only eases the financial burden of college but also motivates me to keep striving for excellence,” said Kang, a recipient of William Rainey Harper College’s Motorola Solutions Foundation Engineering Pathways and Award for Excellence Scholarship. “[The Foundation’s] generosity has made a real impact on my journey, and I hope to one day pay it forward.”


This targeted investment supports students at every stage of their academic journey. From hands-on technology activities and vocational skills to teacher development and scholarships, the Foundation helps convert students’ interests into careers, cultivating a robust pipeline of innovators for the future.


Inspiring a Global Culture of Giving Back


The impact of the Foundation’s strategic grants is amplified by employee commitment. In 2025, Motorola Solutions employees logged over 125,000 volunteer hours in 40 countries, and the Foundation issued over $1.3 million in employee matching donations.


"Giving back is a deeply personal journey, and we are committed to helping our employees translate their passions into lasting legacies,” said Wesley Barden Touhy, executive director of the Motorola Solutions Foundation. “From matching their volunteer hours to connecting them with non-profits that are personally meaningful, we're proud to empower our people in all they do as a positive force for change."


Through the Motorola Matches program, the Foundation amplifies employee engagement by matching both volunteer hours ('Donations for Doers') and financial contributions ('Donations for Donors').


About the Motorola Solutions Foundation


As the charitable and philanthropic arm of Motorola Solutions, the Motorola Solutions Foundation partners with organizations around the world to create safer cities and thriving communities. We focus on giving back through strategic grants, employee volunteerism and other community investment initiatives, and our strategic grants program supports organizations that offer first responder programming and technology and engineering education. The Foundation is one of the many ways in which the company is helping to create safer communities. For more information on Motorola Solutions corporate and foundation giving, visit our website: www.motorolasolutions.com/foundation

View source version on businesswire.com: https://www.businesswire.com/news/home/20260224616847/en/
Media Contact

Sarah Eckhaus

sarah.eckhaus@motorolasolutions.com

224-329-6600


Original: Motorola Solutions Foundation Invests Over $10 Million to Support First Responders and Future Innovators

Jason Winkler, Executive Vice President and CFO, Motorola Solutions to Participate in Morgan Stanley Technology, Media & Telecom ConferenceFebruary 23, 2026 4:15 PM
Business Wire
Motorola Solutions (NYSE: MSI), a global leader in public safety and enterprise security, today announced that Jason Winkler, Executive Vice President and Chief Financial Officer, will participate at the upcoming Morgan Stanley Technology, Media & Telecom Conference on Monday, March 2, 2026, at 4:50 p.m. PST.


A live webcast and replay of the session will be featured on Motorola Solutions’ Investor Relations website at https://www.motorolasolutions.com/investors/events-and-presentations.html.


About Motorola Solutions | Solving for safer


Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260223333282/en/
Investor Contact

Brian Piotrowski

Motorola Solutions

brian.piotrowski@motorolasolutions.com

+1 847-576-6899


Original: Jason Winkler, Executive Vice President and CFO, Motorola Solutions to Participate in Morgan Stanley Technology, Media & Telecom Conference

Greg Brown, Chairman and CEO, Motorola Solutions to Participate in Raymond James Institutional Investors ConferenceFebruary 23, 2026 4:10 PM
Business Wire
Motorola Solutions (NYSE: MSI), a global leader in public safety and enterprise security, today announced that Greg Brown, Chairman and CEO, will participate at the upcoming Raymond James Institutional Investors Conference on Monday, March 2, 2026, at 9:50 a.m. EST.


A live webcast and replay of the session will be featured on Motorola Solutions’ Investor Relations website at https://www.motorolasolutions.com/investors/events-and-presentations.html.


About Motorola Solutions | Solving for safer


Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260223792758/en/
Investor Contact

Brian Piotrowski

Motorola Solutions

brian.piotrowski@motorolasolutions.com

+1 847-576-6899


Original: Greg Brown, Chairman and CEO, Motorola Solutions to Participate in Raymond James Institutional Investors Conference

Motorola Solutions Reports Fourth-Quarter and Full-Year Financial ResultsFebruary 11, 2026 4:10 PM
Business Wire
Company achieves record full-year revenue, earnings, cash flow and ending backlog



Sales of $3.4 billion, up 12% from Q4 in the prior year; up 8% for full year


Products and Systems Integration sales grew 11% in Q4; up 5% for full year



Software and Services sales grew 15% in Q4; up 13% for full year






GAAP Q4 earnings per share (EPS) of $3.86, up 8%; $12.75 for full year, up 38%



Non-GAAP Q4 EPS* of $4.59, up 14%; $15.38 for full year, up 11%



Generated $1.3 billion of operating cash flow in Q4; $2.8 billion for full year, up 19%



Repurchased $490 million of shares and paid $182 million in dividends in Q4



Record ending backlog of $15.7 billion, up $1 billion versus the prior year, driven by record orders



Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the fourth quarter and full year of 2025.


“Our outstanding 2025 performance demonstrates the resilience and strength of our business,” said Greg Brown, chairman and CEO, Motorola Solutions. “We had record sales, earnings and cash flow. Our record backlog and strong demand gives us continued momentum for another excellent year."


KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages)




 






Fourth Quarter






Full Year








 






Q4 2025






Q4 2024






% Change






2025






2024






% Change








Sales






$3,380






$3,010






12






%






$11,682






$10,817






8






%








GAAP






 






 






 






 






 






 








Operating Earnings






$944






$814






16






%






$2,988






$2,688






11






%








% of Sales






27.9%






27.0%






 






25.6%






24.8%






 








EPS






$3.86






$3.56






8






%






$12.75






$9.23






38






%








Non-GAAP*






 






 






 






 






 






 








Operating Earnings






$1,086






$916






19






%






$3,537






$3,142






13






%








% of Sales






32.1%






30.4%






 






30.3%






29.0%






 








EPS






$4.59






$4.04






14






%






$15.38






$13.84






11






%








Products and Systems Integration Segment






 






 






 






 






 






 








Sales






$2,158






$1,949






11






%






$7,253






$6,883






5






%








GAAP Operating Earnings






$588






$541






9






%






$1,761






$1,676






5






%








% of Sales






27.2%






27.8%






 






24.3%






24.3%






 








Non-GAAP Operating Earnings*






$667






$594






12






%






$2,098






$1,931






9






%








% of Sales






30.9%






30.5%






 






28.9%






28.1%






 








Software and Services Segment






 






 






 






 






 






 








Sales






$1,222






$1,061






15






%






$4,429






$3,934






13






%








GAAP Operating Earnings






$356






$273






30






%






$1,227






$1,012






21






%








% of Sales






29.1%






25.7%






 






27.7%






25.7%






 








Non-GAAP Operating Earnings*






$419






$322






30






%






$1,439






$1,211






19






%








% of Sales






34.3%






30.3%






 






32.5%






30.8%






 








*Non-GAAP financial information excludes the after-tax impact of approximately $0.73 for Q4 and $2.63 for FY per diluted share related to highlighted items, including share-based compensation expense and intangible assets amortization expense. Details regarding these non-GAAP adjustments and the use of non-GAAP measures are included later in this news release.







OTHER SELECT FOURTH-QUARTER FINANCIAL RESULTS



Revenue - Fourth-quarter sales were $3.4 billion, up 12% from the year-ago quarter driven by growth in International and North America. Revenue from acquisitions was $188 million and the impact of favorable foreign currency rates was $30 million. The Products and Systems Integration segment grew 11% with growth in Mission Critical Networks ("MCN") and Video Security and Access Control ("Video"). The Software and Services segment grew 15% driven by growth in all three technologies.




Operating margin - GAAP operating margin was 27.9% of sales, up from 27.0% in the year-ago quarter and non-GAAP operating margin was 32.1% of sales, up from 30.4% in the year-ago quarter. The increase in both GAAP and non-GAAP operating margin was driven by higher sales, favorable mix and improving operating leverage, partially offset by higher tariffs.




Taxes - The GAAP effective tax rate was 24.5%, up from 22.2% in the year-ago quarter and the non-GAAP effective tax rate was 23.6%, up from 22.0% in the year-ago quarter, driven by lower benefits from share-based compensation recognized in the current quarter.




Cash flow - Operating cash flow was $1.3 billion during the quarter, compared with $1.1 billion in the year-ago quarter and free cash flow was $1.1 billion in the quarter, compared with $1.0 billion in the year-ago quarter. Both the operating cash flow and free cash flow for the quarter increased primarily due to higher earnings, net of non-cash charges.




Capital allocation - During the quarter, the company repurchased $490 million of its common stock at an average price of $402.40, paid $182 million in dividends and invested $114 million in capital expenditures. Additionally, the company closed the acquisition of Blue Eye, a provider of AI-powered enterprise remote video monitoring services, for $79 million, net of cash acquired, and repaid $179 million of short-term borrowings, primarily commercial paper.
Subsequent to quarter end the company repaid $200 million of the $1.5 billion term loans issued to fund the Silvus acquisition, leaving a balance of $1.3 billion outstanding.



OTHER SELECT FULL-YEAR FINANCIAL RESULTS



Revenue - Full-year sales were $11.7 billion, up 8% driven by growth in North America and International. Revenue from acquisitions was $382 million and the impact of favorable foreign currency rates was $35 million. The Products and Systems Integration segment increased 5% driven by growth in MCN and Video. The Software and Services segment increased 13% driven by growth in all three technologies.




Operating margin - For the full year, GAAP operating margin was 25.6% of sales, compared to 24.8% for the prior year driven primarily by higher sales, improved operating leverage, and a recovery related to the Hytera litigation, partially offset by higher expenses associated with acquisitions and higher employee incentive costs. Non-GAAP operating margin was 30.3% of sales, up from 29.0% in the prior year driven by higher sales, favorable mix and improved operating leverage.




Taxes - The 2025 GAAP effective tax rate was 23.2%, compared with 19.8% in the prior year driven by the utilization of foreign tax credit carryovers, partially offset by the non-deductible loss on the extinguishment of Silver Lake convertible debt, both in the prior year. The non-GAAP effective tax rate was 22.3%, up from 22.0% in the previous year.




Cash flow - The company generated record operating cash flow of $2.8 billion, up 19% versus the prior year, and record free cash flow of $2.6 billion, up 21% versus the prior year. The increase in both operating and free cash flow was primarily driven by higher earnings, net of non-cash charges.




Capital allocation - In 2025, the company closed four acquisitions for $4.9 billion, net of cash acquired, repurchased $1.2 billion of its common stock at an average price of $420.21 per share, paid $728 million in dividends and invested $265 million in capital expenditures. In addition, the company issued $2 billion of long-term senior notes and entered into $1.5 billion of term loans to fund the Silvus acquisition and settled $322 million of debentures due in 2025. Subsequent to the year, the company repaid $200 million of the $1.5 billion term loans issued to fund the Silvus acquisition, leaving a balance of $1.3 billion outstanding.
Additionally, in 2025 the company entered into a new five-year $2.25 billion revolving credit facility maturing in April 2030, replacing the prior $2.25 billion revolving credit facility which was scheduled to mature in March 2026.




Backlog - The company ended the year with record backlog of $15.7 billion, up $1 billion from the prior year, inclusive of $458 million of favorable foreign currency rates. Products and Systems Integrations segment backlog was down 8% or $323 million primarily driven by strong MCN shipments during the first half of the year. Software and Services segment backlog was up 13%, or $1.4 billion, driven by strong demand in all three technologies and favorable foreign currency rates of $381 million.



NOTABLE WINS & ACHIEVEMENTS IN Q4


Products and Systems Integration



$180 million P25 system expansion for the State of Tennessee




$162 million P25 device and body-worn assistant (SVX) order for a U.S. federal customer




$81 million TETRA system for a customer in North Africa




$20 million Silvus order for an unmanned systems provider




$20 million fixed video order for a customer in Argentina



Software and Services



$201 million ten-year P25 services renewal for the State of Maryland




$86 million command center order for an international customer




$79 million P25 services and command center order for Prince George County, MD




$61 million TETRA services order for the London Underground, U.K.




$29 million TETRA services order for a European customer



BUSINESS OUTLOOK



First-quarter 2026 - The company expects revenue growth between 6% and 7% compared to the first quarter of 2025. The company expects non-GAAP EPS in the range of $3.20 to $3.25 per share. This assumes approximately 168 million fully diluted shares and a non-GAAP effective tax rate of approximately 20.5%.




Full-year 2026 - The company expects revenue of approximately $12.7 billion and non-GAAP EPS in the range of $16.70 to $16.85 per share. This assumes approximately 168 million fully diluted shares and a non-GAAP effective tax rate of approximately 22.5%.



The company has not quantitatively reconciled its guidance for forward-looking non-GAAP measurements in this news release to their most comparable GAAP measurements because the company does not provide specific guidance for the various reconciling items as certain items that impact these measures have not occurred, are out of the company’s control, or cannot be reasonably predicted. Accordingly, a reconciliation to the most comparable GAAP financial measurement is not available without unreasonable effort. Please note that the unavailable reconciling items could significantly impact the company’s results.


RECENT EVENTS


MACROECONOMIC ENVIRONMENT UPDATE


The current global trade environment is complex and evolving. In 2025, the U.S. initiated a series of trade actions which imposed new tariffs and increased existing tariffs on goods imported from various countries, contributing to a global trade landscape subject to evolving tariffs, import/export regulations, including restrictions around rare earth minerals, trade barriers and trade disputes. The company continues to monitor the impact of the current trade environment, including tariffs implemented under the International Emergency Economic Powers Act (IEEPA), for the impacts of policy volatility, pending judicial outcomes, and evolving geopolitical events that may impact its supply chain costs and operational efficiency. In addition, the company is observing shifting dynamics in the memory market driven by substantial demand from the AI data center sector. As a result, the company continues to observe elevated volatility and uncertainty around the global supply chain.


The company engages with global suppliers across a diverse network of locations around the world, and continues to work with its global supply base to mitigate its exposure to the risks to global reciprocal (and sectoral) tariffs, navigate import/export regulations that have developed, and which may continue to develop, and mitigate its exposure to rising costs to facilitate continued supply at levels in order to meet its current customer demand. As a result of the dynamic global supply chain environment, the company has experienced increased costs on materials and components, which it has substantially mitigated during 2025 and for which it expects to continue to develop mitigation actions going forward.


The company continues to see demand for its products and services supported by a multitude of funding sources. In July 2025, the “One Big Beautiful Bill Act” (“OBBBA”) was enacted into law by the President of the United States, which provided a number of changes including funding over the next four years for border security, national security and other opportunities. The company expects OBBBA to provide an additional source of funding to its federal government customers over the four-year period available through OBBBA.


CONFERENCE CALL AND WEBCAST Motorola Solutions will host its quarterly conference call beginning at 4 p.m. U.S. Central Standard Time (5 p.m. U.S. Eastern Standard Time) on Wednesday, February 11. The conference call will be webcast live with audio and slides at www.motorolasolutions.com/investors. An archive of the webcast will be available for a limited period of time thereafter.


CONSOLIDATED GAAP RESULTS (presented in millions, except per share data)


A comparison of results from operations is as follows:




 






Fourth Quarter






Full Year








 






2025






2024






2025






2024








Net sales






$3,380






$3,010






$11,682






$10,817








Gross margin






1,768






1,548






6,035






5,512








Operating earnings






944






814






2,988






2,688








Amounts attributable to Motorola Solutions, Inc. common stockholders






 






 






 






 








Net earnings






649






611






2,154






1,577








Diluted EPS from continuing operations






$3.86






$3.56






$12.75






$9.23








Weighted average diluted common shares outstanding






168.1






171.4






169.0






170.8







USE OF NON-GAAP FINANCIAL INFORMATION


In addition to the results presented in accordance with accounting principles generally accepted in the U.S. ("GAAP") included in this news release, Motorola Solutions also has included non-GAAP measurements of results, including free cash flow, non-GAAP operating earnings, non-GAAP EPS, non-GAAP operating margin, non-GAAP net earnings attributable to MSI, non-GAAP tax rate, organic revenue. The company has provided these non-GAAP measurements to help investors better understand its core operating performance, enhance comparisons of core operating performance from period-to-period and allow better comparisons of operating performance to that of its competitors. Among other things, management uses these operating results, excluding the identified items, to evaluate performance of its businesses and to evaluate results relative to certain incentive compensation targets. Management uses operating results excluding these items because it believes these measurements enable it to make better period-to-period evaluations of the financial performance of its core business operations. The non-GAAP measurements are intended only as a supplement to the comparable GAAP measurements and the company compensates for the limitations inherent in the use of non-GAAP measurements by using GAAP measures in conjunction with the non-GAAP measurements. As a result, investors should consider these non-GAAP measurements in addition to, and not in substitution for or as superior to, GAAP measurements.


Reconciliations: Details and reconciliations of such non-GAAP measurements to the corresponding GAAP measurements can be found at the end of this news release.


Free cash flow: Free cash flow represents net cash provided by operating activities less capital expenditures. The company believes that free cash flow is useful to investors as the basis for comparing its performance and coverage ratios with other companies in the company's industries, although the company's measure of free cash flow may not be directly comparable to similar measures used by other companies. This measure is also used as a component of incentive compensation.


Organic Revenue: Organic revenue reflects net sales calculated under GAAP excluding net sales from acquired business owned for less than four full quarters. The company believes organic revenue provides useful information for evaluating the periodic growth of the business on a consistent basis and provides for a meaningful period-to-period comparison and analysis of trends in the business.


Non-GAAP operating earnings, non-GAAP EPS, non-GAAP operating margin and non-GAAP net earnings attributable to MSI each excludes highlighted items, including share-based compensation expenses and intangible assets amortization expense, as follows:


Highlighted items: The company has excluded the effects of highlighted items including, but not limited to, acquisition-related transaction fees, tangible and intangible asset impairments, reorganization of business charges, certain non-cash pension adjustments, legal settlements and other contingencies, gains and losses on investments and businesses, Hytera-related legal expenses, gains and losses on the extinguishment of debt, adjustments to contingent earnout and the income tax effects of significant tax matters, from its non-GAAP operating expenses and net income measurements because the company believes that these historical items do not reflect expected future operating earnings or expenses and do not contribute to a meaningful evaluation of the company's current operating performance or comparisons to the company's past operating performance. For the purposes of management's internal analysis over operating performance, the company uses financial statements that exclude highlighted items, as these charges do not contribute to a meaningful evaluation of the company's current operating performance or comparisons to the company's past operating performance.


Hytera-Related Legal Expenses: In 2017, the company filed a complaint against Hytera Communications Corporation Limited of Shenzhen, China; Hytera America, Inc.; and Hytera Communications America (West), Inc. (collectively, “Hytera”), in the U.S. District Court for Northern District of Illinois (the "District Court"), alleging trade secret theft and copyright infringement, and seeking injunctive relief. In 2020, a jury decided in the company's favor and awarded the company $543.7 million, plus $51.1 million in pre-judgment interest and $2.6 million in costs, as well as $34.2 million in attorneys' fees.


Subsequently, the District Court ordered Hytera to pay the company a forward-looking reasonable royalty on products ("I-Series") that use the company’s stolen trade secrets, setting royalty rates for Hytera's sale of relevant products from July 1, 2019 forward. In 2024, amounts paid into escrow of approximately $61 million were released to the company and recorded as a gain within Other charges within the Consolidated Statement of Operations. Hytera made quarterly de minimis royalty payments related to the I-Series products directly to the company in 2025.


Following the initial District Court judgment in the company's favor, both parties appealed to the U.S. Court of Appeals for the Seventh Circuit (the "Court of Appeals"). On July 2, 2024, the Court of Appeals affirmed the District Court's award of $407.4 million in damages under the Defend Trade Secrets Act, directed the District Court to recalculate and reduce its award of $136.3 million in copyright infringement damages, and instructed the District Court to reconsider its denial of the company's request for an injunction. In all other respects, the Court of Appeals affirmed the judgment of the District Court. On October 4, 2024, the Court of Appeals denied Hytera's motion for rehearing. The case was remanded to the District Court for further action per the Court of Appeals' decision. On January 2, 2025, Hytera filed a petition for writ of certiorari with the Supreme Court of the United States, which was subsequently denied on February 24, 2025. The issues of copyright recalculation, turnover of Hytera assets to the company, and injunction are currently briefed. On October 14-15, 2025, the District Court held hearings on these issues, but has not yet issued any rulings.


In 2025, Hytera made payments towards amounts awarded to the company and owed by Hytera pursuant to court orders related to I-Series products. In 2025, Hytera made payments of $157 million, of which the company received $141 million, net of withholding taxes. Subsequent to year-end, in January 2026, Hytera made a payment of $40 million, of which the company received $36 million, net of withholding taxes. These payments were recorded as a gain within Other charges within the Consolidated Statement of Operations. The company continues to seek collection of the judgment through the ongoing legal process.


In 2024, the parties engaged in competing litigation in the District Court and a court in China related to the possible continued use by Hytera of the company’s trade secrets in Hytera’s currently shipping products ("H-Series"). On April 2, 2024, the District Court held Hytera in civil contempt, and issued a worldwide sales injunction of certain H-Series products and a daily fine for Hytera's failure to withdraw its competing litigation in China. On April 16, 2024, the Court of Appeals granted Hytera's motion for an emergency stay of the contempt sanctions, pending its review of the District Court's various orders related to the competing litigation and contempt sanctions.


The District Court held hearings in August 2024, concerning whether Hytera's currently shipping H-Series products continue to misuse the company's trade secrets and copyrighted source code. On August 25, 2025, the District Court held Hytera in civil contempt for violation of the District Court’s royalty order and ordered Hytera to pay the Company approximately $70 million for unpaid royalties and interest for Hytera’s continued use of the Company’s trade secrets and copyrighted source code in Hytera's H-Series products. The District Courts subsequently ordered Hytera to pay additional royalties of $31 million accrued from the August 2024 hearings and the August 25, 2025 order. Hytera has appealed the District Court’s order to the Court of Appeals. Hytera’s appeal does not automatically stay its obligation to pay the $101 million. On October 14-15, 2025, the District Court heard arguments on whether Hytera must pay the $101 million into escrow, or directly to the Company as a payment towards amounts awarded to the Company and owed by Hytera pursuant to prior court orders, but has not yet issued a ruling.


Management typically considers legal expenses associated with defending the company's intellectual property as “normal and recurring.” Since 2020, the company has believed that Hytera-related legal expenses have not been part of its “normal and recurring” legal expenses incurred to operate its business and has accordingly excluded such expenses from its GAAP operating Income. In addition, as any contingent or actual gains associated with the Hytera litigation are recognized, they will be similarly excluded from the company's non-GAAP operating income, consistent with the company's treatment of the approximately $61 million realized in 2024 and $157 million realized in 2025. The company believes after the jury award, the presentation of excluding both Hytera-related legal expenses and gains related to awards better aligns with how management evaluates the company's ongoing underlying business performance.


Share-based compensation expenses: The company has excluded share-based compensation expense from its non-GAAP operating expenses and net income measurements. Although share-based compensation is a key incentive offered to the company’s employees and the company believes such compensation contributed to the revenue earned during the periods presented and also believes it will contribute to the generation of future period revenues, the company continues to evaluate its performance excluding share-based compensation expense primarily because it represents a significant non-cash expense. Share-based compensation expense will recur in future periods.


Intangible assets amortization expense: The company has excluded intangible assets amortization expense from its non-GAAP operating expenses and net earnings measurements, primarily because it represents a non-cash expense and because the company evaluates its performance excluding intangible assets amortization expense. Amortization of intangible assets is consistent in amount and frequency but is significantly affected by the timing and size of the company’s acquisitions. Investors should note that the use of intangible assets contributed to the company’s revenues earned during the periods presented and will contribute to the company’s future period revenues as well. Intangible assets amortization expense will recur in future periods.


FORWARD LOOKING STATEMENTS


This news release contains "forward-looking statements" within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent the company’s views only as of today and should not be relied upon as representing the company’s views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, Motorola Solutions’ financial outlook for the first quarter and full-year of 2026; the impact of changes in the global trade environment (including tariffs), geopolitical events and volatility in the global supply chain on our business, and our actions in response thereto; and the impact of the "One Big Beautiful Bill Act" on our business and federal government customers. Motorola Solutions cautions the reader that the risks and uncertainties below, as well as those in Part I Item 1A of Motorola Solutions’ 2024 Annual Report on Form 10-K and in its other SEC filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com/investors, could cause Motorola Solutions’ actual results to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions, and factors that may impact forward-looking statements include, but are not limited to: (i) impact of current global economic and political conditions in the markets in which we operate; (ii) increased areas of risk, increased competition and additional compliance obligations associated with the introduction of new or enhanced products and services in our segments; (iii) challenges relating to the use of artificial intelligence ("AI") in our products and services; (iv) impact of catastrophic events on our business or our customers' or suppliers' business; (v) the effectiveness of our strategic acquisitions, including the integrations of such acquired businesses; (vi) the inability of our products to meet our customers’ expectations or regulatory or industry standards, or actual or perceived systems or service failures of our products and services; (vii) our inability to purchase a sufficient amount of materials, parts, and components, as well as software and services, at acceptable prices to meet the demands of our customers, and any disruption to our suppliers or significant increase in the price of supplies; (viii) risks related to our large, multi-year system and services contracts; (ix) the global nature of our employees, customers, suppliers and outsource partners; (x) our use of third-parties to develop, design and/or manufacture many of our components and some of our products, and to perform portions of our business operations; (xi) the inability of our subcontractors to perform in a timely and compliant manner or adhere to our Human Rights Policy; (xii) inability to attract and retain senior management and key employees; (xiii) evolving and sometimes conflicting expectations from investors, customers, lawmakers, regulators and other stakeholders regarding social and sustainability considerations and disclosures; (xiv) challenges relating to existing or future legislation and regulations pertaining to AI, AI-enabled products and the use of biometrics and other video analytics; (xv) the impact, including increased costs and potential liabilities, associated with changes in laws and regulations regarding cybersecurity, privacy, data protection, data sovereignty and information security; (xvi) the impact of government regulation of radio frequencies; (xvii) regulations, laws and other compliance requirements and risks applicable to our U.S. government customer contracts and grants; (xviii) the impact, including increased costs and additional compliance obligations, associated with existing or future telecommunications-related laws and regulations; (xix) impact of product regulatory and safety, consumer, worker safety and environmental product compliance and remediation laws; (xx) impact of tax matters; (xxi) increased cybersecurity threats, a security breach or other significant disruption of our IT systems or those of our outsource partners, suppliers or customers; (xxii) our inability to protect our intellectual property or potential infringement of intellectual property rights of third parties; (xxiii) risks relating to intellectual property licenses and intellectual property indemnities in our customer and supplier contracts; (xxiv) our license of the MOTOROLA, MOTO, MOTOROLA SOLUTIONS and the Stylized M logo and all derivatives and formatives thereof from Motorola Trademark Holdings, LLC; (xxv) inability to access the capital markets for financing on acceptable terms and conditions; (xxvi) exposure to exchange rate fluctuations on cross-border transactions and the translation of local currency results into U.S. dollars; (xxvii) impact of returns on pension and retirement plan assets and interest rate changes; and (xxviii) the return of capital to shareholders through dividends and/or repurchasing shares. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.


ABOUT MOTOROLA SOLUTIONS | SOLVING FOR SAFER


Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.


Motorola Solutions:




GAAP-1







Motorola Solutions, Inc. and Subsidiaries


Consolidated Statements of Operations


(In millions, except per share amounts)




 



Three Months Ended



December 31, 2025
December 31, 2024


Net sales from products

$






2,038






 






$






1,815






 







Net sales from services

 






1,342






 






 






1,195






 







Net sales

 






3,380






 






 






3,010






 







Costs of products sales

 






828






 






 






733






 







Costs of services sales

 






784






 






 






729






 







Costs of sales

 






1,612






 






 






1,462






 







Gross margin

 






1,768






 






 






1,548






 







Selling, general and administrative expenses

 






499






 






 






487






 







Research and development expenditures

 






270






 






 






246






 







Other charges

 






(37






)






 






(38






)







Intangibles amortization

 






92






 






 






39






 







Operating earnings

 






944






 






 






814






 







Other income (expense):




Interest expense, net

 






(110






)






 






(56






)







Other, net

 






27






 






 






29






 







Total other expense

 






(83






)






 






(27






)







Net earnings before income taxes

 






861






 






 






787






 







Income tax expense

 






211






 






 






175






 







Net earnings

 






650






 






 






612






 







Less: Earnings attributable to noncontrolling interests

 






1






 






 






1






 







Net earnings attributable to Motorola Solutions, Inc.

$






649






 






$






611






 







Earnings per common share:




Basic

$






3.90






 






$






3.66






 







Diluted

$






3.86






 






$






3.56






 







Weighted average common shares outstanding:




Basic

 






166.2






 






 






167.1






 







Diluted

 






168.1






 






 






171.4






 









 



Percentage of Net Sales*


Net sales from products

 






60.3






%






 






60.3






%







Net sales from services

 






39.7






%






 






39.7






%







Net sales

 






100.0






%






 






100.0






%







Costs of products sales

 






40.6






%






 






40.4






%







Costs of services sales

 






58.4






%






 






61.0






%







Costs of sales

 






47.7






%






 






48.6






%







Gross margin

 






52.3






%






 






51.4






%







Selling, general and administrative expenses

 






14.8






%






 






16.2






%







Research and development expenditures

 






8.0






%






 






8.2






%







Other charges

 






(1.1






)%






 






(1.3






)%







Intangibles amortization

 






2.7






%






 






1.3






%







Operating earnings

 






27.9






%






 






27.0






%







Other income (expense):




Interest expense, net

 






(3.3






)%






 






(1.9






)%







Other, net

 






0.8






%






 






1.0






%







Total other expense

 






(2.5






)%






 






(0.9






)%







Net earnings before income taxes

 






25.5






%






 






26.1






%







Income tax expense

 






6.2






%






 






5.8






%







Net earnings

 






19.2






%






 






20.3






%







Less: Earnings attributable to non-controlling interests

 






—






%






 






—






%







Net earnings attributable to Motorola Solutions, Inc.

 






19.2






%






 






20.3






%







* Percentages may not add up due to rounding






GAAP-2







Motorola Solutions, Inc. and Subsidiaries


Consolidated Statements of Operations


(In millions, except per share amounts)





 



Years Ended



December 31, 2025
December 31, 2024
December 31, 2023


Net sales from products

$






6,770






 






$






6,454






 






$






5,814






 







Net sales from services

 






4,912






 






 






4,363






 






 






4,164






 







Net sales

 






11,682






 






 






10,817






 






 






9,978






 







Costs of products sales

 






2,776






 






 






2,674






 






 






2,591






 







Costs of services sales

 






2,871






 






 






2,631






 






 






2,417






 







Costs of sales

 






5,647






 






 






5,305






 






 






5,008






 







Gross margin

 






6,035






 






 






5,512






 






 






4,970






 







Selling, general and administrative expenses

 






1,870






 






 






1,752






 






 






1,561






 







Research and development expenditures

 






970






 






 






917






 






 






858






 







Other charges

 






(27






)






 






3






 






 






80






 







Intangibles amortization

 






234






 






 






152






 






 






177






 







Operating earnings

 






2,988






 






 






2,688






 






 






2,294






 







Other income (expense):





Interest expense, net

 






(302






)






 






(227






)






 






(216






)







Other, net

 






126






 






 






(489






)






 






68






 







Total other expense

 






(176






)






 






(716






)






 






(148






)







Net earnings before income taxes

 






2,812






 






 






1,972






 






 






2,146






 







Income tax expense

 






652






 






 






390






 






 






432






 







Net earnings

 






2,160






 






 






1,582






 






 






1,714






 







Less: Earnings attributable to noncontrolling interests

 






6






 






 






5






 






 






5






 







Net earnings attributable to Motorola Solutions, Inc.

$






2,154






 






$






1,577






 






$






1,709






 







Earnings per common share:





Basic

$






12.93






 






$






9.45






 






$






10.23






 







Diluted

$






12.75






 






$






9.23






 






$






9.93






 







Weighted average common shares outstanding:





Basic

 






166.6






 






 






166.8






 






 






167.0






 







Diluted

 






169.0






 






 






170.8






 






 






172.1






 










 





 



Percentage of Net Sales*


Net sales from products

 






58.0






%






 






59.7






%






 






58.3






%







Net sales from services

 






42.0






%






 






40.3






%






 






41.7






%







Net sales

 






100.0






%






 






100.0






%






 






100.0






%







Costs of products sales

 






41.0






%






 






41.4






%






 






44.6






%







Costs of services sales

 






58.4






%






 






60.3






%






 






58.0






%







Costs of sales

 






48.3






%






 






49.0






%






 






50.2






%







Gross margin

 






51.7






%






 






51.0






%






 






49.8






%







Selling, general and administrative expenses

 






16.0






%






 






16.2






%






 






15.6






%







Research and development expenditures

 






8.3






%






 






8.5






%






 






8.6






%







Other charges

 






(0.2






)%






 






—






%






 






0.8






%







Intangibles amortization

 






2.0






%






 






1.4






%






 






1.8






%







Operating earnings

 






25.6






%






 






24.8






%






 






23.0






%







Other income (expense):





Interest expense, net

 






(2.6






)%






 






(2.1






)%






 






(2.2






)%







Other, net

 






1.1






%






 






(4.5






)%






 






0.7






%







Total other expense

 






(1.5






)%






 






(6.6






)%






 






(1.5






)%







Net earnings before income taxes

 






24.1






%






 






18.2






%






 






21.5






%







Income tax expense

 






5.6






%






 






3.6






%






 






4.3






%







Net earnings

 






18.5






%






 






14.6






%






 






17.2






%







Less: Earnings attributable to noncontrolling interests

 






0.1






%






 






—






%






 






0.1






%







Net earnings attributable to Motorola Solutions, Inc.

 






18.4






%






 






14.6






%






 






17.1






%







* Percentages may not add up due to rounding







GAAP-3







Motorola Solutions, Inc. and Subsidiaries


Consolidated Balance Sheets


(In millions)




 



December 31, 2025
December 31, 2024


Assets




Cash and cash equivalents

$






1,165







$






2,102








Accounts receivable, net

 






2,200






 






 






1,952






 







Contract assets

 






1,574






 






 






1,230






 







Inventories, net

 






983






 






 






766






 







Other current assets

 






378






 






 






429






 







Total current assets

 






6,300






 






 






6,479






 







Property, plant and equipment, net

 






1,165






 






 






1,022






 







Operating lease assets

 






581






 






 






529






 







Investments

 






187






 






 






135






 







Deferred income taxes

 






761






 






 






1,280






 







Goodwill

 






6,800






 






 






3,526






 







Intangible assets, net

 






3,104






 






 






1,249






 







Other assets

 






491






 






 






375






 







Total assets

$






19,389






 






$






14,595






 







Liabilities and Stockholders' Equity




Current portion of long-term debt

$






—






 






$






322






 







Short-term borrowings

 






749






 






 






—






 







Accounts payable

 






1,134






 






 






1,018






 







Contract liabilities

 






2,265






 






 






2,072






 







Accrued liabilities

 






1,930






 






 






1,643






 







Total current liabilities

 






6,078






 






 






5,055






 







Long-term debt

 






8,413






 






 






5,675






 







Operating lease liabilities

 






471






 






 






427






 







Other liabilities

 






2,000






 






 






1,719






 







Total Motorola Solutions, Inc. stockholders’ equity

 






2,410






 






 






1,703






 







Noncontrolling interests

 






17






 






 






16






 







Total liabilities and stockholders’ equity

$






19,389






 






$






14,595






 









GAAP-4







Motorola Solutions, Inc. and Subsidiaries


Consolidated Statements of Cash Flows


(In millions)




 



Three Months Ended



December 31, 2025
December 31, 2024


Operating




Net earnings

$






650






 






$






612






 







Adjustments to reconcile Net earnings to Net cash provided by operating activities:




Depreciation and amortization

 






143






 






 






87






 







Non-cash other charges

 






7






 






 






4






 







Share-based compensation expenses

 






80






 






 






63






 







Changes in assets and liabilities, net of effects of acquisitions, dispositions, and foreign currency translation adjustments:




Accounts receivable

 






(174






)






 






(125






)







Inventories

 






(38






)






 






41






 







Other current assets and contract assets

 






9






 






 






66






 







Accounts payable, accrued liabilities, and contract liabilities

 






560






 






 






427






 







Other assets and liabilities

 






20






 






 






(46






)







Deferred income taxes

 






(1






)






 






(59






)







Net cash provided by operating activities

 






1,256






 






 






1,070






 







Investing




Acquisitions and investments, net

 






(81






)






 






(22






)







Proceeds from sales of investments

 






3






 






 






2






 







Capital expenditures

 






(114






)






 






(87






)







Net cash used for investing activities

 






(192






)






 






(107






)







Financing




Repayment of short-term borrowings

 






(179






)






 






—






 







Issuances of common stock, net of tax

 






50






 






 






57






 







Purchases of common stock

 






(490






)






 






(106






)







Payment of dividends

 






(182






)






 






(164






)







Net cash used for financing activities

 






(801






)






 






(213






)







Effect of exchange rate changes on cash and cash equivalents

 






8






 






 






(52






)







Net increase in cash and cash equivalents

 






271






 






 






698






 







Cash and cash equivalents, beginning of period

 






894






 






 






1,404






 







Cash and cash equivalents, end of period

$






1,165






 






$






2,102






 









GAAP-5







Motorola Solutions, Inc. and Subsidiaries


Consolidated Statements of Cash Flows


(In millions)





 



Years Ended



December 31, 2025
December 31, 2024
December 31, 2023


Operating





Net earnings

$






2,160






 






$






1,582






 






$






1,714






 







Adjustments to reconcile Net earnings to Net cash provided by operating activities:





Depreciation and amortization

 






425






 






 






336






 






 






356






 







Non-cash other charges

 






3






 






 






16






 






 






14






 







Exit of video manufacturing operations

 






—






 






 






—






 






 






24






 







Share-based compensation expenses

 






293






 






 






243






 






 






212






 







Loss from the extinguishment of Silver Lake Convertible Debt

 






—






 






 






585






 






 






—






 







Changes in assets and liabilities, net of effects of acquisitions, dispositions, and
foreign currency translation adjustments





Accounts receivable

 






(173






)






 






(246






)






 






(180






)







Inventories

 






(145






)






 






62






 






 






200






 







Other current assets and contract assets

 






(221






)






 






(213






)






 






(82






)







Accounts payable, accrued liabilities, and contract liabilities

 






280






 






 






302






 






 






(144






)







Other assets and liabilities

 






121






 






 






(61






)






 






(38






)







Deferred income taxes

 






94






 






 






(215






)






 






(32






)







Net cash provided by operating activities

 






2,837






 






 






2,391






 






 






2,044






 







Investing





Acquisitions and investments, net

 






(4,916






)






 






(290






)






 






(180






)







Proceeds from sales of investments

 






17






 






 






40






 






 






19






 







Capital expenditures

 






(265






)






 






(257






)






 






(253






)







Net cash used for investing activities

 






(5,164






)






 






(507






)






 






(414






)







Financing





Net proceeds from issuance of debt

 






2,733






 






 






1,288






 






 






—






 







Net proceeds from short-term borrowings

 






923






 






 






—






 






 






—






 







Repayment of debt

 






(322






)






 






(1,906






)






 






(1






)







Repayment of short-term borrowings

 






(179






)






 






—






 






 






—






 







Revolving credit facility renewal fees

 






(5






)






 






—






 






 






—






 







Issuances of common stock, net of tax

 






46






 






 






75






 






 






104






 







Purchases of common stock

 






(1,154






)






 






(247






)






 






(804






)







Payment of dividends

 






(728






)






 






(654






)






 






(589






)







Payment of dividends to noncontrolling interest

 






(5






)






 






(4






)






 






(5






)







Net cash provided by (used for) financing activities

 






1,309






 






 






(1,448






)






 






(1,295






)







Effect of exchange rate changes on cash and cash equivalents

 






81






 






 






(39






)






 






45






 







Net increase (decrease) in cash and cash equivalents

 






(937






)






 






397






 






 






380






 







Cash and cash equivalents, beginning of period

 






2,102






 






 






1,705






 






 






1,325






 







Cash and cash equivalents, end of period

$






1,165






 






$






2,102






 






$






1,705






 









Non-GAAP-1







Motorola Solutions, Inc. and Subsidiaries


Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow


(In millions)







 







 



Three Months Ended

Years Ended



December 31, 2025
December 31, 2024

December 31, 2025
December 31, 2024


Net cash provided by operating activities

$






1,256






 






$






1,070






 







$






2,837






 






$






2,391






 







Capital expenditures

 






(114






)






 






(87






)







 






(265






)






 






(257






)







Free cash flow

$






1,142






 






$






983






 







$






2,572






 






$






2,134






 









Non-GAAP-2







Motorola Solutions, Inc. and Subsidiaries


Reconciliation of Net Earnings Attributable to MSI to Non-GAAP Net Earnings Attributable to MSI


(In millions)









 





Three Months Ended

Years Ended



Statement Line

December 31, 2025
December 31, 2024

December 31, 2025
December 31, 2024


Net earnings attributable to MSI



$






649






 






$






611






 







$






2,154






 






$






1,577






 







Non-GAAP adjustments before income taxes:









Intangible assets amortization expense
Intangibles amortization


 






92






 






 






39






 







 






234






 






 






152






 







Share-based compensation expenses
Cost of sales, SG&A and R&D


 






80






 






 






63






 







 






293






 






 






243






 







Reorganization of business charges
Cost of sales and Other charges (income)


 






15






 






 






17






 







 






60






 






 






38






 







Legal settlements
Other charges (Income)


 






8






 






 






—






 







 






15






 






 






7






 







Acquisition-related transaction fees
Other charges (income)


 






4






 






 






8






 







 






66






 






 






20






 







Assessments of uncertain tax positions
Interest income, net


 






4






 






 






—






 







 






6






 






 






22






 







Hytera-related legal expenses
SG&A


 






3






 






 






31






 







 






34






 






 






45






 







Environmental reserve expense
Other charges (income)


 






2






 






 






2






 







 






2






 






 






2






 







Fair value adjustments to equity investments
Other (income) expense


 






2






 






 






1






 







 






(19






)






 






5






 







Investment impairments
Other (income) expense


 






1






 






 






—






 







 






4






 






 






3






 







Operating lease asset impairments
Other charges (income)


 






1






 






 






1






 







 






2






 






 






6






 







Loss on financing issuance costs
Other (income) expense)


 






—






 






 






—






 







 






2






 






 






—






 







Fixed asset impairments
Other charges (income)


 






—






 






 






2






 







 






—






 






 






2






 







Loss from the extinguishment of Silver Lake Convertible Debt
Other (income) expense


 






—






 






 






—






 







 






—






 






 






585






 







Gain on Hytera litigation
Other charges (income)


 






(63






)






 






(61






)







 






(157






)






 






(61






)







Total Non-GAAP adjustments before income taxes



$






149






 






$






103






 







$






542






 






$






1069






 







Income tax expense on Non-GAAP adjustments



 






27






 






 






21






 







 






97






 






 






280






 







Total Non-GAAP adjustments after income taxes



 






122






 






 






82






 







 






445






 






 






789






 







Non-GAAP Net earnings attributable to MSI



$






771






 






$






693






 







$






2,599






 






$






2,366






 






















 





Calculation of Non-GAAP Tax Rate


(In millions)









 





Three Months Ended

Years Ended





December 31, 2025
December 31, 2024

December 31, 2025
December 31, 2024


Net earnings before income taxes


$






861






 






$






787






 







$






2,812






 






$






1,972






 







Total Non-GAAP adjustments before income taxes*


 






149






 






 






103






 







 






542






 






 






1,069






 







Non-GAAP Net earnings before income taxes


$






1,010






 






$






890






 







$






3,354






 






$






3,041






 







Income tax expense


 






211






 






 






175






 







 






652






 






 






390






 







Income tax expense on Non-GAAP adjustments**


 






27






 






 






21






 







 






97






 






 






280






 







Total Non-GAAP Income tax expense


$






238






 






$






196






 







$






749






 






$






670






 







Non-GAAP Tax rate


 






23.6






%






 






22.0






%







 






22.3






%






 






22.0






%














 


*See reconciliation on Non-GAAP-2 table above for detail on Non-GAAP adjustments before income taxes


**Income tax impact of highlighted items









 





Reconciliation of Earnings Per Share to Non-GAAP Earnings Per Share*









 





Three Months Ended

Years Ended



Statement Line

December 31, 2025
December 31, 2024

December 31, 2025
December 31, 2024


Earnings per share



$






3.86






 






$






3.56






 







$






12.75






 






$






9.23






 







Non-GAAP adjustments before income taxes:









Intangible assets amortization expense
Intangibles amortization


 






0.55






 






 






0.23






 







 






1.39






 






 






0.89






 







Share-based compensation expenses
Cost of sales, SG&A and R&D


 






0.47






 






 






0.37






 







 






1.73






 






 






1.42






 







Reorganization of business charges
Cost of sales and Other charges (income)


 






0.09






 






 






0.10






 







 






0.36






 






 






0.22






 







Legal settlements
Other charges (Income)


 






0.05






 






 






—






 







 






0.09






 






 






0.04






 







Acquisition-related transaction fees
Other charges (income)


 






0.02






 






 






0.04






 







 






0.39






 






 






0.12






 







Assessments of uncertain tax positions
Interest income, net


 






0.02






 






 






—






 







 






0.04






 






 






0.13






 







Hytera-related legal expenses
SG&A


 






0.02






 






 






0.18






 







 






0.20






 






 






0.27






 







Environmental reserve expense
Other charges (income)


 






0.01






 






 






0.01






 







 






0.01






 






 






0.01






 







Fair value adjustments to equity investments
Other (income) expense


 






0.01






 






 






0.01






 







 






(0.11






)






 






0.03






 







Investment impairments
Other (income) expense


 






0.01






 






 






—






 







 






0.02






 






 






0.02






 







Operating lease asset impairments
Other charges (income)


 






0.01






 






 






0.01






 







 






0.01






 






 






0.04






 







Loss on financing issuance costs
Other (income) expense)


 






—






 






 






—






 







 






0.01






 






 






—






 







Fixed asset impairments
Other charges (income)


 






—






 






 






0.01






 







 






—






 






 






0.01






 







Loss from the extinguishment of Silver Lake Convertible Debt
Other (income) expense


 






—






 






 






—






 







 






—






 






 






3.42






 







Gain on Hytera litigation
Other charges (income)


 






(0.37






)






 






(0.36






)







 






(0.93






)






 






(0.36






)







Total Non-GAAP adjustments before income taxes



$






0.89






 






$






0.60






 







$






3.21






 






$






6.26






 







Income tax expense on Non-GAAP adjustments



 






0.16






 






 






0.12






 







 






0.58






 






 






1.65






 







Total Non-GAAP adjustments after income taxes



 






0.73






 






 






0.48






 







 






2.63






 






 






4.61






 







Non-GAAP Earnings per share



$






4.59






 






$






4.04






 







$






15.38






 






$






13.84






 














 


GAAP Diluted Weighted Average Common Shares



 






168.1






 






 






171.4






 







 






169.0






 






 






170.8






 







Adjusted for dilutive shares outstanding**



 






—






 






 






—






 







 






0.0






 






 






0.20






 







Non-GAAP Diluted Weighted Average Common Shares



 






168.1






 






 






171.4






 







 






169.0






 






 






171.0






 







*Indicates Non-GAAP Diluted EPS


** Under U.S. GAAP, the Silver Lake shares were considered anti-dilutive to earnings per share for the year ended December 31, 2024 and were excluded from the computation of GAAP diluted weighted average common shares and diluted earnings per share. The shares are considered dilutive for non-GAAP earnings per share for the year ended December 31, 2024 and an adjustment is reflected to include these shares for non-GAAP diluted earnings per share.




Non-GAAP-3







Motorola Solutions, Inc. and Subsidiaries


Reconciliations of Operating Earnings to Non-GAAP Operating Earnings and Operating Margin to Non-GAAP Operating Margin


(In millions)









 



Three Months Ended



December 31, 2025

December 31, 2024



Products and Systems Integration
Software and Services
Total

Products and Systems Integration
Software and Services
Total


Net sales

$






2,158






 






$






1,222






 






$






3,380






 







$






1,949






 






$






1,061






 






$






3,010






 







Operating earnings

 






588






 






 






356






 






 






944






 







 






541






 






 






273






 






 






814






 







Above OE non-GAAP adjustments:









Intangible assets amortization expense

 






60






 






 






32






 






 






92






 







 






19






 






 






20






 






 






39






 







Share-based compensation expenses

 






59






 






 






21






 






 






80






 







 






46






 






 






17






 






 






63






 







Reorganization of business charges

 






11






 






 






4






 






 






15






 







 






12






 






 






5






 






 






17






 







Legal settlements

 






6






 






 






2






 






 






8






 







 






—






 






 






—






 






 






—






 







Acquisition-related transaction fees

 






1






 






 






3






 






 






4






 







 






1






 






 






7






 






 






8






 







Hytera-related legal expenses

 






3






 






 






—






 






 






3






 







 






31






 






 






—






 






 






31






 







Environmental reserve expense

 






1






 






 






1






 






 






2






 







 






2






 






 






—






 






 






2






 







Operating lease asset impairments

 






1






 






 






—






 






 






1






 







 






2






 






 






(1






)






 






1






 







Fixed asset impairments

 






—






 






 






—






 






 






—






 







 






1






 






 






1






 






 






2






 







Gain on Hytera litigation

 






(63






)






 






—






 






 






(63






)







 






(61






)






 






—






 






 






(61






)







Total above-OE non-GAAP adjustments

 






79






 






 






63






 






 






142






 







 






53






 






 






49






 






 






102






 







Operating earnings after non-GAAP adjustments

$






667






 






$






419






 






$






1,086






 







$






594






 






$






322






 






$






916






 














 


Operating earnings as a percentage of net sales - GAAP

 






27.2






%






 






29.1






%






 






27.9






%







 






27.8






%






 






25.7






%






 






27.0






%







Operating earnings as a percentage of net sales - after non-GAAP adjustments

 






30.9






%






 






34.3






%






 






32.1






%







 






30.5






%






 






30.3






%






 






30.4






%









Non-GAAP-4







Motorola Solutions, Inc. and Subsidiaries


Reconciliations of Operating Earnings to Non-GAAP Operating Earnings and Operating Margin to Non-GAAP Operating Margin


(In millions)









 



Years Ended



December 31, 2025

December 31, 2024



Products and Systems Integration
Software and Services
Total

Products and Systems Integration
Software and Services
Total


Net sales

$






7,253






 






$






4,429






 






$






11,682






 







$






6,883






 






$






3,934






 






$






10,817






 







Operating earnings ("OE")

 






1,761






 






 






1,227






 






 






2,988






 







 






1,676






 






 






1,012






 






 






2,688






 







Above OE non-GAAP adjustments:









Share-based compensation expenses

 






214






 






 






79






 






 






293






 







 






172






 






 






71






 






 






243






 







Intangible assets amortization expense

 






136






 






 






98






 






 






234






 







 






54






 






 






98






 






 






152






 







Acquisition-related transaction fees

 






55






 






 






11






 






 






66






 







 






4






 






 






16






 






 






20






 







Reorganization of business charges

 






42






 






 






18






 






 






60






 







 






32






 






 






6






 






 






38






 







Hytera-related legal expenses

 






34






 






 






—






 






 






34






 







 






45






 






 






—






 






 






45






 







Legal settlements

 






10






 






 






5






 






 






15






 







 






1






 






 






6






 






 






7






 







Operating lease asset impairments

 






2






 






 






—






 






 






2






 







 






5






 






 






1






 






 






6






 







Environmental reserve expense

 






1






 






 






1






 






 






2






 







 






2






 






 






—






 






 






2






 







Fixed asset impairments

 






—






 






 






—






 






 






—






 







 






1






 






 






1






 






 






2






 







Gain on Hytera litigation

 






(157






)






 






—






 






 






(157






)







 






(61






)






 






—






 






 






(61






)







Total above-OE non-GAAP adjustments

 






337






 






 






212






 






 






549






 







 






255






 






 






199






 






 






454






 







Operating earnings after non-GAAP adjustments

$






2,098






 






$






1,439






 






$






3,537






 







$






1,931






 






$






1,211






 






$






3,142






 














 


Operating earnings as a percentage of net sales - GAAP

 






24.3






%






 






27.7






%






 






25.6






%







 






24.3






%






 






25.7






%






 






24.8






%







Operating earnings as a percentage of net sales - after non-GAAP adjustments

 






28.9






%






 






32.5






%






 






30.3






%







 






28.1






%






 






30.8






%






 






29.0






%









Non-GAAP-5







Motorola Solutions, Inc. and Subsidiaries


Reconciliation of Revenue to Non-GAAP Organic Revenue


(In millions)







 




Three Months Ended






December 31, 2025
December 31, 2024

% Change


Net sales


$






3,380







$






3,010








12






%







Non-GAAP adjustments:







Sales from acquisitions


 






188






 






 






—






 









Organic revenue


$






3,192






 






$






3,010






 







6






%












 




Years Ended






December 31, 2025
December 31, 2024

% Change


Net sales


$






11,682






 






$






10,817






 







8






%







Non-GAAP adjustments:







Sales from acquisitions


 






382






 






 






—






 









Organic revenue


$






11,300






 






$






10,817






 







4






%







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260211405521/en/
Motorola Solutions MEDIA CONTACT


Alexandra Reynolds

Motorola Solutions

+1 312-965-3968

alexandra.reynolds@motorolasolutions.com


INVESTOR CONTACT

Tim Yocum

Motorola Solutions

+1 847-576-6899

Tim.Yocum@motorolasolutions.com


Original: Motorola Solutions Reports Fourth-Quarter and Full-Year Financial Results