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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Motorola Solutions
Motorola Solutions (MSI) investor relations material
Motorola Solutions Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary4 Nov, 2026
Executive summary
Q3 revenue was $3.376B, up 12%; non-GAAP EPS was $4.69, up 16%; record backlog reached $16.6B, up 14%, alongside record orders across all three technologies.
Both segments delivered double-digit growth; FY2026 revenue, non-GAAP EPS and operating cash flow outlooks increased, with preliminary 2027 commentary pointing to stronger organic growth and margin expansion.
Financial highlights
GAAP operating earnings were $777M vs. $770M; net earnings attributable to common shareholders were $512M vs. $562M; diluted EPS was $3.06 vs. $3.33.
Non-GAAP operating earnings were $1.096B, up 19%; non-GAAP EPS was $4.69 vs. $4.06, up 16%.
Gross margin was 52.4% vs. 51.6%; non-GAAP operating margin was 32.5%, up 200 bps, while GAAP operating margin was 23.0% vs. 25.6%.
Q3 operating cash flow was $662M and free cash flow was $589M; nine-month operating cash flow was $1.582B, essentially level with the prior-year $1.581B.
Organic revenue growth was 5%; reported growth included $211M of acquisition revenue and $11M of FX tailwinds.
Outlook and guidance
Q4 revenue growth is expected at ~13%, with non-GAAP EPS of $5.47–$5.52; assumptions include ~168M diluted shares and a 22.5% non-GAAP tax rate.
FY2026 revenue outlook rose to ~$13.050B from $12.975B; non-GAAP EPS outlook rose to $17.94–$17.99 from $17.62–$17.72.
FY2026 operating cash flow outlook increased $50M to $3.050B; free cash flow estimate is $2.775B, and operating margin expansion is expected at 190 bps, up from 170 bps.
Preliminary 2027 revenue expectation was ~$14.25B, with stronger organic growth than 2026 and operating margin expansion despite cost headwinds.
2027 commentary included Silvus growth of ~30% and D-Fend sales growth of 40%–50%; D-Fend is expected to be margin-accretive.
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Latest events from Motorola Solutions
- Embedded AI, resilient communications, and cloud video drive growth in public safety tech.MSI
Piper Sandler 5th Annual Growth Frontiers Conference - Strong execution, acquisitions, and ecosystem integration fuel growth in public safety and defense.MSITruist Technology Symposium: AI Transformation & Evolving Enterprise Debates
- Strong growth in public safety tech, recurring revenue, and AI-driven solutions fuels expansion.MSIInvestor presentation
- Record Q2 revenue, margin gains, and raised outlook highlight strong growth and demand.MSIQ2 2026
- Strong growth in public safety and security tech, driven by software, AI, and recurring revenue.MSIInvestor presentation
- Q3 2025 saw 8% revenue growth, record cash flow, and raised guidance after Silvus acquisition.MSIQ3 2025
- Record Q3 revenue and EPS drive higher outlook amid strong growth and legal risks.MSIQ3 2024
- Record Q1 sales, margin expansion, and robust outlook despite global headwinds.MSIQ1 2025
- Record 2024 results and robust 2025 outlook, with strong cash flow and backlog.MSIQ4 2024
Next Motorola Solutions earnings date
Q4 202610 Feb, 2027
Motorola Solutions
Next Motorola Solutions earnings date
Q4 202610 Feb, 2027
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Frequently asked questions
Reliable Communication Channels
Motorola Solutions is an American company with multinational operations that focuses on communications and analytics solutions, primarily serving public safety and commercial sectors. The company designs and delivers critical communication infrastructure, devices, software, and services, designed to help public safety officials, government agencies, and businesses communicate effectively and securely, especially in critical situations. The company is headquartered in Chicago, Illinois, and its shares are traded on the NYSE.
History and Spin-off
Motorola’s history as a company dates back to 1928 when it was founded as the Galvin Manufacturing Corporation. The company’s big breakthrough came when it started producing car radios just a few years after its founding, leading to the name being changed to Motorola, a blend of "motor" and "ola" (a then-popular suffix for electronics). Over the years, Motorola Solutions evolved, playing a significant role in developing early two-way radios and later expanding into telecommunications and radio communications solutions, particularly for public safety and commercial sectors. In 2011, Motorola Inc. split into two independent companies: Motorola Solutions, which focuses on communication infrastructure, equipment, and services, and Motorola Mobility which operates in consumer mobile devices.
Companies offering similar products and services as Motorola Solutions include names such as Nokia, Ericsson, and Cisco.
Radios, Cameras, and More
Motorola Solutions specializes in a broad range of products and services geared primarily towards communication and public safety. Their product lineup includes two-way radios, body-worn cameras, and advanced data capture devices. The products are designed to be used in emergency situations where having reliable communication channels can be the difference between life and death. In terms of services, the company offers a suite of software and solutions that focus on command center software, video security, and managed & support services. This includes sophisticated data analytics, network infrastructure, and cybersecurity services.
Supplying First Responders and the Military
Motorola Solutions' products and services are utilized by a diverse range of institutions, primarily those involved in public safety and emergency response, such as police departments, fire services, and ambulance services. Additionally, their communication and security solutions are vital for government agencies, including the military and defense sectors. Beyond public safety, these services are also employed in various industries such as transportation, utilities, and manufacturing, where robust and reliable communication is crucial for operational efficiency and safety.