NYSE$MSI
Motorola Solutions, Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Achieved record Q1 orders, sales, and ending backlog.
Motorola Solutions reported a strong start to the year with record first-quarter orders, sales, and ending backlog. Sales reached $1.9 billion, a 7% increase year-over-year, driven by growth in both Products and Systems Integration and Software and Services segments. The company closed acquisitions of Ava Security and TETRA Ireland.
- Sales of $1.9 billion, up 7% versus a year ago.
- GAAP earnings per share (EPS) of $1.54.
- Record Q1 ending backlog of $13.4 billion, up 19% versus a year ago.
- Closed the acquisitions of Ava Security and TETRA Ireland.
Headline financials
Revenue & EPS history
Motorola · Revenue · Quarterly
$1.89B
Revenue by segment
Motorola · $1.89B total across 2 segments · Q1 2022
- Products & Systems Integration$1.1B+8.7%58.3%
- Software & Services$789M+4.1%41.7%
Forward guidance
The company expects revenue growth of 4% to 5% compared to the second quarter of 2021 and expects non-GAAP EPS in the range of $1.83 to $1.88 per share for the second quarter of 2022. The company is maintaining its prior guidance of 7% revenue growth and non-GAAP EPS guidance of between $9.80 and $9.95 per share for the full year 2022.
Tailwinds
- Pricing actions
- Targeted cost reductions
- Favorable mix for LMR products
- Higher operating margins in the second half of the year
- Ongoing sources of government funding.
Headwinds
- $50 million in foreign exchange headwinds for Q2 2022
- 173 million fully diluted shares assumed for Q2 2022
- Effective tax rate of 22% to 23% assumed for Q2 2022
- $170 million in foreign exchange headwinds for full year 2022
- Effective tax rate of 21% to 21.5% assumed for full year 2022
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.9%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+4.2%
Avg return
30 days after
59%
43 / 73 earnings
Positive
+12.4%
Q4 2018
Best reaction
-9.3%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | -8.7% | -5.2% | |
| Q4 2025 | +7.7% | +8.7% | +12.3% | |
| Q3 2025 | -9.3% | -8.7% | -14.4% | |
| Q2 2025 | +1.9% | +5.6% | +7.6% | |
| Q1 2025 | -7.6% | -5.5% | -5.4% | |
| Q4 2024 | -6.0% | -5.8% | -10.3% | |
| Q3 2024 | +7.6% | +6.0% | +4.4% | |
| Q2 2024 | +2.9% | +1.0% | +10.8% | |
| Q1 2024 | +5.3% | +6.6% | +8.6% | |
| Q4 2023 | +0.9% | -2.7% | +2.3% | |
| Q3 2023 | +6.7% | +8.7% | +16.0% | |
| Q2 2023 | -3.1% | -3.4% | -1.4% | |
| Q1 2023 | -2.4% | -0.7% | -2.0% | |
| Q4 2022 | +5.2% | +4.8% | +1.3% | |
| Q3 2022 | +6.2% | +7.0% | +13.7% | |
| Q2 2022 | +4.9% | +4.5% | +2.2% | |
| Q1 2022 | +6.6% | +5.7% | +3.6% | |
| Q4 2021 | -6.1% | -9.6% | -6.2% | |
| Q3 2021 | -2.1% | -1.3% | -1.8% | |
| Q2 2021 | +2.6% | +3.1% | +9.9% | |
| Q1 2021 | +7.2% | +8.6% | +13.0% | |
| Q4 2020 | +1.5% | +2.1% | -0.3% | |
| Q3 2020 | -3.9% | +0.9% | +5.5% | |
| Q2 2020 | +4.3% | +3.3% | +10.6% | |
| Q1 2020 | -3.0% | -3.0% | +15.2% | |
| Q4 2019 | +1.6% | +4.4% | -0.4% | |
| Q3 2019 | +1.0% | -2.5% | +1.5% | |
| Q2 2019 | +2.5% | +3.4% | +9.0% | |
| Q1 2019 | +0.6% | -0.7% | +5.1% | |
| Q4 2018 | +12.4% | +13.9% | +15.3% | |
| Q3 2018 | +5.1% | +2.7% | +7.1% | |
| Q2 2018 | -2.7% | +0.1% | +6.2% | |
| Q1 2018 | +0.4% | +0.2% | +1.4% | |
| Q4 2017 | +4.4% | +3.3% | +6.9% | |
| Q3 2017 | +4.1% | +1.7% | +2.7% | |
| Q2 2017 | -0.1% | -2.0% | -2.8% | |
| Q1 2017 | -2.2% | -1.9% | +0.3% | |
| Q4 2016 | +2.0% | -3.4% | +0.6% | |
| Q3 2016 | +6.1% | +9.8% | +11.1% | |
| Q2 2016 | +6.1% | +7.2% | +12.5% | |
| Q1 2016 | -5.0% | — | — | |
| Q4 2015 | +7.2% | — | — | |
| Q3 2015 | -5.5% | — | — | |
| Q2 2015 | +5.9% | — | — | |
| Q1 2015 | +2.4% | — | — | |
| Q4 2014 | -0.0% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | -4.5% | — | — | |
| Q1 2014 | +3.0% | — | — | |
| Q4 2013 | -2.6% | — | — | |
| Q3 2013 | +3.4% | — | — | |
| Q2 2013 | +0.7% | — | — | |
| Q1 2013 | -8.7% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | +0.5% | — | — | |
| Q2 2012 | +4.8% | — | — | |
| Q1 2012 | -0.0% | — | — | |
| Q4 2011 | +3.0% | — | — | |
| Q3 2011 | +3.6% | — | — | |
| Q2 2011 | +1.3% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2010 | -2.3% | — | — | |
| Q3 2010 | +0.4% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q1 2009 | -3.2% | — | — | |
| Q1 2010 | +1.4% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q3 2009 | +2.5% | — | — | |
| Q3 2008 | +2.5% | — | — | |
| Q2 2009 | -2.5% | — | — | |
| Q2 2008 | -2.5% | — | — | |
| Q4 2007 | -2.5% | — | — | |
| Q4 2008 | -2.5% | — | — |
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