NYSE$MSI
Motorola Solutions, Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Motorola Solutions' Q3 2021 financial results were reported, with the company raising full-year revenue and EPS guidance again following record revenue and earnings.
Motorola Solutions reported an excellent Q3, marked by double-digit revenue growth and strong operating margin expansion in both segments. The company's record Q3 ending backlog and continued business momentum position it well to finish the year with record sales, earnings, and cash flow.
- Sales reached $2.1 billion, a 13% increase compared to the previous year, driven by growth in both North America and International.
- GAAP earnings per share (EPS) stood at $1.76.
- Non-GAAP EPS was $2.35, reflecting a 21% increase compared to the previous year.
- The company achieved a record Q3 ending backlog of $11.4 billion, up 7% versus a year ago.
Headline financials
Revenue & EPS history
Motorola · Revenue · Quarterly
$2.11B
Revenue by segment
Motorola · $2.11B total across 2 segments · Q3 2021
- Products & Systems Integration$1.33B+13.9%62.9%
- Software & Services$782M+10.9%37.1%
Forward guidance
Motorola Solutions now expects revenue growth of 10% to 10.25%, up from the prior guidance of growth of 9.5% to 10%, and non-GAAP EPS in the range of $9.00 to $9.04, up from the prior guidance of $8.88 to $8.98. This assumes current foreign exchange rates, approximately 174 million fully diluted shares, and an effective tax rate of approximately 21.5%.
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 Q3 2021
+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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