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Motorola Solutions, Inc. MSI Q2 2024 earnings

Reported August 1, 2024 · After market close

Revenue$2.6BBeat by $41.4MDiluted EPS$3.24Beat by $0.23
Revenue estimate$2.6B
EPS estimate$3.01

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$3.0B
EPS estimate$3.86

Financials

Q2 2024

Income statement

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Revenue$2.6B+9.4%
Gross profit$1.3B+12.6%
Operating income$644.0M+24.3%
Net income$443.0M+19.4%
EPS (diluted)$2.60+20.9%

Balance sheet

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Cash & equivalents$1.4B+94.5%
Total debt$6.9B+5.1%
Total equity$802.0M+138%
Total assets$13.3B+8.9%

Cash flow

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Operating cash flow$180.0M+93.5%
CapEx$68.0M+28.3%
Free cash flow$112.0M+180%

Valuation & ratios

Valuation

as of 06/29/24
See full
Market cap$64.39B+30.9%
Enterprise value$69.86B+27.0%
P/E44×+11.6×
P/S6.2×+1.1×

Profitability

See full
Gross margin50.5%+2.7pp
Operating margin24.4%+3.9pp
Net margin14%-1.7pp
FCF margin21.7%+6.2pp

Returns & leverage

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Return on equity257.1%—
Debt / equity8.5×-10.8×
Current ratio1.2×0.0×

Segments

By geography

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North America$1.9B+16.8%
International$711.0M-6.7%

By product

See full
Video$476.0M+9.9%
Command Center$211.0M+8.8%

By segment

See full
Products and Systems Integration$1.7B+15.4%

Versus estimates

Revenue

Q2 2026$2.7BBeat by $16.8MQ4 2025$3.4BBeat by $36.1MQ3 2025$3.0BBeat by $20.7MQ2 2025$2.8BBeat by $33.9MQ1 2025$2.5BBeat by $12.6MQ4 2024$3.0BBeat by $17.8M

Diluted EPS

Q2 2026$3.37Beat by $0.13Q4 2025$4.59Beat by $0.24Q3 2025$4.06Beat by $0.21Q2 2025$3.57Beat by $0.22Q1 2025$3.18Beat by $0.17Q4 2024$4.04Beat by $0.15

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Questions, answered.

When did Motorola Solutions, Inc. report Q2 2024 earnings?
Motorola Solutions, Inc. (MSI) reported Q2 2024 earnings on August 1, 2024 after market close.
What were Motorola Solutions, Inc.'s Q2 2024 revenue and EPS?
Motorola Solutions, Inc. reported revenue of $2.6B and diluted EPS of $3.24 for Q2 2024.
Did Motorola Solutions, Inc. beat estimates in Q2 2024?
Revenue beat the consensus estimate of $2.6B by $41.4M. EPS beat the consensus estimate of $3.01 by $0.23.
Where can I find Motorola Solutions, Inc.'s Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000068505-24-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.