Key facts
- Motorola Solutions raised its full-year revenue forecast to approximately $12.98 billion.
- The company's second-quarter revenue was $3.13 billion, exceeding market expectations.
- Motorola Solutions updated its annual adjusted earnings guidance to $17.62-$17.72 per share.
- The company ended the second quarter with a record backlog of $15.6 billion.
- The D-Fend acquisition extended Motorola Solutions' capabilities into counter-drone technology.
Motorola Solutions has raised its full-year revenue outlook, projecting approximately $12.98 billion in revenue, surpassing Wall Street's estimates and its previous guidance. This optimism is driven by sustained strong demand for its public safety communications equipment and software, including radio systems, 911 handling software, and body cameras. The company also benefited from its D-Fend acquisition, which expanded its offerings into counter-drone technology.
For the second quarter ended July 4, Motorola Solutions reported revenue of $3.13 billion, exceeding the $3 billion expected by the market. The quarter also included $60 million, or $0.25 per share, from tariff refunds. Looking ahead, the company anticipates third-quarter revenue growth of about 8% and adjusted earnings per share between $4.39 and $4.44, aligning closely with analyst expectations of $4.41 per share.
Motorola Solutions also updated its annual adjusted earnings guidance to a range of $17.62 to $17.72 per share, significantly above the previous guidance of $16.87 to $16.99 per share and the average analyst estimate of $16.98 per share. The company concluded the second quarter with a record backlog of $15.6 billion, indicating strong future business prospects.