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Motorola Solutions, Inc. MSI Products — Net Sales

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Other financials

Income statement

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Revenue$3.1B+13.3%
Gross profit$1.7B+18.8%
Operating income$809.0M+16.9%
Net income$557.0M+8.6%
EPS (diluted)$3.33+9.5%

Balance sheet

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Cash & equivalents$710.0M-77.9%
Total debt$9.5B+13.7%
Total equity$2.7B+35.8%
Total assets$19.2B+17.2%

Cash flow

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Operating cash flow$469.0M+71.8%
CapEx-$55.0M-215%
Free cash flow$414.0M+84.0%

Valuation

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Market cap$72.73B-1.4%
Enterprise value$81.49B+3.3%
P/E34.1×-0.8×
P/S5.9×-0.7×

Profitability

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Gross margin52%+0.7pp
Operating margin24.9%-0.3pp
Net margin17.4%-1.6pp
FCF margin21.9%+0.4pp

Returns & leverage

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Return on equity92%-60.8pp
Debt / equity3.5×-0.7×
Current ratio1.1×-0.6×

Where this comes from

Reported directly by Motorola Solutions, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Motorola Solutions, Inc.’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:57 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000068505-26-000021
(In millions, except per share amounts)Three Months Ended / April 4, 2026Three Months Ended / March 29, 2025
Net sales from products$1,481$1,448
Net sales from services1,2331,080
Net sales2,7142,528
Costs of products sales629573
Costs of services sales723655
Costs of sales1,3521,228
Gross margin1,3621,300
Selling, general and administrative expenses439436

Item 1. Financial Statements

FAQ

What is Motorola Solutions, Inc.'s products — net sales?
Motorola Solutions, Inc. (MSI) reported products — net sales of $1.48B in Q1 2026.
How has Motorola Solutions, Inc.'s products — net sales changed year-over-year?
Motorola Solutions, Inc.'s products — net sales increased by 2.3% year-over-year, from $1.45B to $1.48B.
What is the long-term trend for Motorola Solutions, Inc.'s products — net sales?
Over 4 years (2021 to 2025), Motorola Solutions, Inc.'s products — net sales has grown at a 10.2% compound annual growth rate (CAGR), from $4.6B to $6.77B.
What does products — net sales mean?
This metric represents the total revenue generated from the sale of physical hardware, including land mobile radios, radio network infrastructure, and surveillance equipment. It reflects the company's ability to monetize its core technological offerings within the public safety and enterprise markets. Growth in this area indicates strong demand for the firm's physical product portfolio and successful market penetration.

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